THE VANISHING RBI withdraws the ₹2000 currency note
Arshad Shaikh studies the recent announcement by the RBI to withdraw the ₹2000 currency note from circulation. While the RBI says that it is a routine exercise, many see it as one more opportunity created for the government to score brownie points before the general elections by projecting as the second surgical strike on black money. As the scars of the 2016 demonetisation are yet to heal, critics have come down hard on the decision and called it needless and creating more confusion than clarity. Sadly, very few focus on the impact of its withdrawal on the economy, which needs healing rather than strikes and blows.