One year of demonetisation: India Inc gets a shock treatment

1. One year of demonetisation: Opposition to observe Nov 8 as Black Day Demonetisation was an ill-conceived and hasty decision of the govt: Ghulam Nabi Azad One year of demonetisation: India Inc gets a shock treatment on Business Standard. The corporate sector took production cuts, conducted inventory management and reduced staff to meet challenges following the govt's note ban decision

2. Opposition parties on Tuesday said they would observe November 8 as Black Day to protest against the “ill-conceived” decision of the government to spike Rs 500 and Rs 1,000 currency notes, a year ago. Leader of the Opposition in the Rajya Sabha Ghulam Nabi Azad told reporters that the opposition parties have worked out a joint strategy and would register their protest against the November 8, 2016, demonetisation decision. “Demonetisation was an ill-conceived and hasty decision of the government. It is unprecedented, perhaps in the entire world, that a government had to alter its policy 135 times within a month,” Azad said, recalling how the government kept changing its rules in the aftermath of the note ban last year. The decision to mark November 8 as the black day was taken at a coordination meeting on Monday that was attended by JD-U rebel leader Sharad Yadav, CPI MP D. Raja, DMK MP Kanimozhi, BSP’s Satish Mishra and Trinamool Congress’ Derek O’Brien. Click here to know more → One year of demonetisation