Wednesday, September 6, 2017

Haste makes Waste (regd Demonetisation)

Haste makes Waste:
Maybe it's time to pay a little more attention to this age-old proverb?

https://www.equitymaster.com/diary/detail.asp?date=09/04/2017&story=4&title=The-Final-Nail-in-the-Demonetisation-Coffin
The Final Nail in the Demonetisation Coffin

"Given this, instead of destroying black money held in the form of
cash, demonetisation seems to have become a legal money laundering
scheme, where people with black money have found ingenious ways to
deposit it into the banking system. So, the first objective of
demonetisation of eliminating black money has not been achieved. "

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