 "Illustration by Ajay Mohanty")
Demonetisation refuses to go away. One and a half years after Prime Minister Narendra Modi went on television to declare that, in a few hours, Rs 500 and Rs 1,000 notes would cease to be legal tender, Indians still need to worry about what and how many notes are in their wallets. The most basic of questions for a modern market economy, a foundation so solid that few think about it, is the stability of the money supply. Yet Mr Modi and the Reserve Bank of India have managed to, somehow, undermine this.
Reports have come in from across India —
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