Politicians soon had their revenge. They split the EC's post and power and gave them to 3 people and ensured the in future no single person could impact their future.
The same formula was used to weaken other institutions too.
😢
#DemonetizationDay Greetings!
Plugging 2 data driven articles written within weeks of demonetization.
The first predicting that very little black money will be recovered using the scheme. http://data.dyumnin.com/analysis/India/demonetisation.html
The second analysing the banking sector and it's ability to handle cashless economy and demonetization. http://data.dyumnin.com/analysis/India/Banks.html
While the PM's decision on demonetisation is a very bold one, one also needs to question whether it is a wise decision. Since the decision was taken to curb black money, we would have expected some estimate of the amount of black money that will be caught by this move. Since there is not official estimate available, we take a look at the various public datasets and estimate the amount of black money that can be caught using this method.