Cover story

A nation in agony

Print edition : December 23, 2016

Daily wagers look on as Prime Minister Narendra Modi arrives at Varanasi in Uttar Pradesh, his constituency, on November 8 to supervise the Swachh Bharat campaign. Photo: Prashant Nakwe

A 74-year-old man receives help after he fainted following a long wait in a queue to exchange or deposit old high-denomination notes outside a bank in Vejalpur village on the outskirts of Ahmedabad on November 15. Photo: AMIT DAVE/REUTERS

Daily wagerS like Gangamma and Rukmini, seen here in Bengaluru on November 17, have been finding it difficult to change the invalidated Rs.500 notes. Photo: Sudhakara Jain

Finance Minister Arun Jaitley (right) with RBI Governor Urjit Patel during a conference in Mumbai. Photo: PTI

K.C. Chakrabarty, former Deputy Governor of RBI. Photo: Ramesh Sharma

Narendra Modi’s "surgical strike on black money" through demonetisation tears asunder the lives of vast sections of the poor, promoting a gigantic transfer of income and wealth from the poor to the rich on a scale unprecedented since Independence.
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