National Institute of Public Finance and Policy (NIPFP), a think tank affiliated with the finance ministry, has warned that the shock move to demonetise Rs 500 and Rs 1,000 currency notes could lead to “a contraction of economic activity in the economy” and social unrest. Prime Minister Narendra Modi’s decision to scrap high-value notes that accounted for 86% of the currency in circulation has triggered cash chaos. People have been […]