{"id":110669,"date":"2017-11-10T09:49:21","date_gmt":"2017-11-10T04:19:21","guid":{"rendered":"http:\/\/greattelangaana.com\/english\/?p=110669"},"modified":"2017-11-10T09:49:55","modified_gmt":"2017-11-10T04:19:55","slug":"the-cash-returns","status":"publish","type":"post","link":"https:\/\/greattelangaana.com\/english\/the-cash-returns\/","title":{"rendered":"The cash returns"},"content":{"rendered":"<p style=\"text-align: justify;\">The evidence suggests that cash has returned to daily transactions and demonetisation may not have had the desired effect, as of now.<\/p>\n<p style=\"text-align: justify;\">The value and volume of mobile-based transactions recorded negative growth rates between November 2016 and August 2017.<\/p>\n<p style=\"text-align: justify;\">In a series of tweets, Prime Minister Modi has defended the move saying it has resulted in the &#8216;highest ever unearthing of black money and dealt a decisive blow to Naxalism and terrorism.&#8217;<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-110670 aligncenter\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2017\/11\/Noteban-rules-kObD-621x414@LiveMint.jpg\" alt=\"The cash returns\" width=\"621\" height=\"414\" \/><\/p>\n<p style=\"text-align: justify;\">To promote a less cash economy, coercive steps like demonetisation are ineffective. Nowhere in the world has any nation taken such a drastic step that swept off 86% of the currency in circulation.<\/p>\n<p style=\"text-align: justify;\">&#8220;Organised loot and a legalised plunder&#8221; is how Dr Manmohan Singh describes &#8216;demonetisation&#8217;. It looks like no one can stop the cash flow.<\/p>\n<p style=\"text-align: justify;\">Yes, Modi has failed.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-75810\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2017\/04\/u.-srinivas-1-1-1.jpg\" alt=\"u.-srinivas-1 (1)\" width=\"89\" height=\"98\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff00ff;\">U.Srinivas<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff00ff;\">Editor<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The evidence suggests that cash has returned to daily transactions and demonetisation may not have had the desired effect, as of now. The value and volume of mobile-based transactions recorded negative growth rates between November 2016 and August 2017. In a series of tweets, Prime Minister Modi has defended the move saying it has resulted [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":110671,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,29597,2],"tags":[56856,14256,16706,56857,913,56855],"class_list":["post-110669","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politicalnews","category-special-stories","category-top-stories","tag-daily-transactions","tag-demonetisation","tag-dr-manmohan-singh","tag-november-2016","tag-prime-minister-modi","tag-the-cash-returns"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2017\/11\/754.jpeg.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/110669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=110669"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/110669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/110671"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=110669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=110669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=110669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}