Demonetisation decoded

There is no reliable data for various types of job and statistics, which are available with the Indian Statistical Organisation

With reference to “Demonetisation: Evaluating the critics” (November 13), Arvind Panagariya has beautifully dissected the claims and counterclaims of the effects of demonetisation on the economy. In fact a few of the claims are a misnomer created by groups with vested interests. One such misnomer was that since most of the cash has been deposited in the banks, there was no black money left. Panagariya has very lucidly explained the process, the true after-effects of which may take a couple of years to reveal, and the remedial  action by the then government. By de-registering 224,000 companies and disqualifying 309,000 directors