Anil Bokil, the founder-member of Pune-based think tank ArthaKranti Pratishthan and the man often credited as suggesting the idea of demonetisation, has come up with another 'revolutionary idea'.

Bokil has suggested that for demonetisation to be successful, one needs to incorporate six-hour shifts across all sectors, including public sector organisations.

BCCL

Speaking to DNA, Bokil said the move would result in tripling the GDP in a matter of one year and would provide jobs for youth.

Bokil, however, is not impressed the way the government carried out the demonetisation process, which led to chaos due to acute cash shortage.

BCCL

The government should have removed the Rs 1,000 denomination notes first, and slowly introduced Rs 200 notes, while removing Rs 500 notes, then people would not be so affected by de-currencification, he said.

BCCL

On November 8, 2016, the government pulled all Rs 500 and Rs 1,000 notes which accounted for nearly 86 per cent of the total supply from circulation, leading to an utter chaos across the country for months.

Even though a new Rs 500 and a higher denomination, Rs 2,000 were introduced, the shortage of printed stock meant, many parts of the country, especially rural areas were without adequate cash for months.