1. Who suggested demonetisation in India? Niti Aayog CEO Rajiv Kumar reveals name

Who suggested demonetisation in India? Niti Aayog CEO Rajiv Kumar reveals name

Niti Aayog CEO Rajiv Kumar on Wednesday revealed the person who suggested demonetisation move to government.

By: | Updated: November 8, 2017 7:18 PM
NITI Aayog, Rajiv Kumar, Monday, India, The Energy and Resources Institute Kumar said that it was him who suggested the move to government of India back in 2009.

Niti Aayog CEO Rajiv Kumar on Wednesday revealed the man who suggested demonetisation move to government. Kumar said that it was he who actually suggested the move to the government of India back in 2009. “I suggested demonetisation to Government back in 2009 when I was a member of National Security Advisory Board. My belief was that until we take a huge step, corruption won’t come down,” Kumar said speaking to ANI

Earlier, many news reports have said that Anil Bokil, founder of Pune-based think-tank Arthakranti, is the one who had suggested the step to PM Narendra Modi. Bokil, 55, has been described as an employee, employer, entrepreneur, economic theorist, and activist on the website of Arthakranti. Bokil is said to have met Modi in 2013 after the latter was announced prime ministerial candidate for BJP. The man, along with his team, was allotted only nine minutes. However, Modi was impressed by Bokil’s ideas and their conversation lasted for more than 2 hours.


anil bokil, anil bokil profile, about anil bokil, demonetisation, demonetisation anil bokil, bokil demonetisation, demonetisation anil bokil, anil bokil demonetisation project Bokil’s (Right) biodata describes him as a mechanical diploma holder by education and “an Entrepreneur in full sense of the world”.

Kumar, however, didn’t say that he had made suggestions to PM Modi. November 8 marks the anniversary of demonetisation. Exactly a year ago, Prime Minister Narendra Modi had announced demonetisation of Rs 1,000 and Rs 500 notes as a measure to fight black money, corruption, fake currency and terror funding. Opposition parties led by Congress are observing November 8 as ‘black day’. Meanwhile, Congress vice president Rahul Gandhi termed demonetisation as a “tragedy” and a “thoughtless act” and alleged that due to it livelihood of millions of honest Indians were destroyed.




Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. Positive Critic
    Nov 8, 2017 at 9:40 pm
    In fact, the government should steadily withdraw the Rs. 2000 note and replace it with the Rs. 200 notes. One fine morning they should also demonetise the Rs. 2000 note. The governmetn should also steadily replace the Rs. 500 note by Rs. 100 note and there should be a medium term program to withdraw the Rs. 500 note also from the market. This will encourage people to go all out digital. Prices may also come down.
    1. S
      Nov 8, 2017 at 9:32 pm
      US Think Tanks reportedly have recommended, that like petro Dollar,US Digital Dollar is must for US hegemony,Dominance. This is why BTCA and USAID [Financing ] were involved.US Digital Cos have met Subba Rao, in 2012 and he started talking of " a LESS CASH SOCIETY".It is reported ,they continued discussion, with the RBI Governors,from then on till the imposition.
      1. Ramesh B Bhatia
        Nov 8, 2017 at 7:41 pm
        I think Baba Ramdev gave idea / suggestion to Govt in public to control corruption stop Big notes circulation i.e. Rs.1,000/- . Others may have given how to do it knowing Govt mechanism of doing things to check pros/cons of its effect on general public. More over During Sh.Raghu Rajan time it was in news that Modi Jee wants to replace NEW Notes of 500 and 1000 . About 2 lac crore were printed . But before announcement it was found that about Rs.40 thousand crore were released, bearing Sh.Raghu Rajans Signature ? So Govt lost about 5 thousand crore in material and printing cost to Stop circulation of those notes? and instead new notes of 500 2000 were printed with extra burden on Public Exchequer. Rs.1000 note was not printed to avoid confusion of other new notes (stopped). It was in TV for few days and news was stopped ? Also new 500 notes in small size were released after some delay..

        Go to Top