Notes ban despotic and authoritarian: Nobel laureate Amartya Sen
Nobel laureate and Harvard University professor Amartya Sen termed Central government’s currency ban as despotic and authoritarian. Amartya Sen said that all Indians will welcome the move to curb black money but the way the Centre handled it was not proper. He stated that lives of white money holders will become harder because of note ban. The Nobel laureate said the Central government was breaking the promise that a promissory note makes, and was treating everyone as potential racketeer until he or she could prove otherwise.