Indian Prime Minister Modi's Demonetisation: Is it Good or Bad For India And The Global Village?

When the world was busy with the American presidential election results on 8th Nov 2016, Indian media suddenly interrupted their programmes to show PM Modi; who using his executive authority declared a ban on the Rs500 and Rs1000 bank notes from that midnight. As if it was a nostalgic stimulus from its first PM Nehru's 'When the world sleeps India wakes up at the midnight hour', it almost kept Indians awake with uncertainty. With the black money holders not having a chance to cash in that night, society facing endless serpentine lines the next day, money not reaching the villages after that, cash not being available for marriage, buying of seeds and giving away daily wages even after that and making a feast out of all that opposition ganging up against the government India was shaken to the core. It seemed, the only ones, who made money were the economists and the media, who organised endless debates.