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Demonetisation: Why the fate of Narendra Modi's grand Indian currency show rests with the taxman
There was about Rs 16 lakh crore currency in circulation when Modi announced the plan, out of which Rs 14 lakh crore was demonetized. There are two ways to look at the success of the demonetisation as far as the net recovery is concerned. This is with almost a month left for the expiry of the deadline to deposit old currency.
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