Demonetisation to take awful toll on underprivileged: Drèze
Demonetisation will take an “awful toll” on the underprivileged, especially wage labourers, and its impact might be worse and last longer than expected, development economist Jean Drèze has said. According to Drèze, cashless payments may have some merits, but forcing them on the population at the risk of crashing the economy is not a fair way to promote them.