Demonetisation was the idea of a man with a diploma in mechanical engineering from Latur, a town in Maharashtra.7 Anil Bokil runs an institution called ArthaKranti (economic revolution), and describes himself as an economic theorist. His thinking was: in a country like India where 70 per cent of the population survives on just Rs 150 per day, why do we need currency notes of more than Rs 100?
