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Demonetisation's rude shock: There may not be any black money
The main reason given by the government for demonetising high denomination notes was to curb black money. If one goes by the deposit trends so far and the projections, the black money expected to be purged may be much less. That too, when huge queues outside banks detered many people from putting money into their accounts. Additionally, banks retain money with themselves to manage day-to-day affair and to provide money on demand by customers.
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