ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Demonetised, Delinked

As smaller denominations get demonetised, it’s the marginalised urban poor and the lower middle class who get delinked from local economic narratives.

Saturday, 19 November, Hyderabad (10 days into the money crisis): Thought for the day—India, one of the world’s “fastest-growing economies,” has no cash in any of its banks!

Ramakrishna, a security guard at one of the nationalised bank ATMs, told me: “For the first time in my life, I learnt that even banks can go bankrupt! I always assumed banks are full of money.”

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