People queue up at out side of banks ATM to get money in New Delhi on Sunday. (Source: PTI) People queue up at out side of banks ATM to get money in New Delhi on Sunday. (Source: PTI)Fifty days of pain is what Prime Minister Narendra Modi has asked people to endure for his sudden demonetisation move. This also assumes that the total amount of currency declared illegal would be replaced with new notes. “Demonetisation undertaken twice in the past — 1946 and 1978 — miserably failed, with less than 15 per cent of high currency notes being exchanged, while more than 85 per cent of the currency notes never surfaced, as the owners suspected penal action by government agencies.”

Source: Indian Express November 14, 2016 13:07 UTC