RBI Data Hints Note Ban Was Utter Failure, More Cash In Market Than Before Demonetisation
The Reserve Bank of India, in its recently released data, said that demonetisation did not help little in curbing black money circulating in the market. PM Modi’s masterstroke to curb black money didn’t seem to have an expected impact.
The RBI data shows that there’s more currency in the economic system than it was on the eve of the demonetisation announcement two years ago.
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