Referring to interest rate cut by some Indian banks post demonetisation, the eminent economist said,’Indian #banks have slashed interest rates to stave off economic decline and to spark investment. A #demonetization disaster @zerohedge.”
Prime Minister Narendra Modi on Novermber 8 had announced demonetisation of Rs 1,000 and Rs 500 notes making them invalid in a major assault on black money, fake currency and corruption.
