Five years since demonetisation: Cash back in favour, beats pre-note ban ratio
The government has been putting up a staunch defence of the note ban, arguing it put a leash on unbridled CIC, improved the taxpayer base and spurred greater formalisation of the economy. Five years after the government announced demonetisation to curb the black money menace, the currency in circulation (CIC) has now well exceeded the …
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