Demonitsation At the outset, I declare, am not an economist nor a banker. But through my experience, I have a different view on demonetisation. Post RBI report on demonetisation, everybody (opposition camp) was kind of jubilant that nothing was achieved. Even today after two years a lot of sceptism has been developed. We all have seen facts that have confirmed it boosted digital payments, BHIM, tax compliance etx.. That is all fine.. The report suggest that notes worth Rs. 16000 crore never came back. So that means it remained in the system. I am sure you are better person and also have access to the best of economists. Just ask them how many worth of crores of assets can the currency of Rs. 1 cr can create. It is like this - 1. You give somebody Rs 1000 in lieu of some products. You get the product. He makes some profit. Out of the profit he buys something, so it is passed on further. This profit may not be declared. So the Rs. 1000 that you gave to one person a...
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