Describing demonetisation as an attempt ‘akin to striking a rock with an egg’, eminent Austrian economist Heinz D Kurz has said it is ‘much too weak and misdirected an instrument’ to root out corruption. Actually, he said, the Indian government’s move opened up new avenues of corruption.

“As far as I understand the situation, the policy of demonetisation has already been abandoned by the government, because it turned out to be an attempt akin to striking a rock with an egg.

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