<b>Letters</b>: Note ban a failure

Due to demonetisation, wholesale inflation rose to a 30-month high of 5.25%

Prime Minister Narendra Modi’s announcement on November 8 to demonetise old Rs 500 and Rs 1,000 currency notes was meant to unearth black money, fake currency rackets and wipe out terrorism-funding in India. But the way in which demonetisation panned out for three months led to utter chaos.

Contrary to claims, terrorist activities have risen, with Indian soldiers as well as civilians being targeted by terror elements. In a gunfight with terrorists, two army personnel and a civilian were killed at a village in south Kashmir on February 12.

In another gunfight, three soldiers were killed and 12 security personnel, including two