8.5 lac crore already submitted to banks by people of 14.5 lac crores demonetised. Adding cash held by banks and government agencies (25% of circulated money) can bring down the black money remaining in system to 20%.
So demonetisation seems not to be yielding the results govt. expected. Black money holders have found a way to deposit their money back in system.
Although demonetisation was a good move but The fact remains that govt. is not spending efforts in making cashless transactions cheap and getting people interested in it.
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