India’s cash ban failed even to create a bank savings culture

September 02, 2018 3:32 PM

NEW DELHI (BLOOMBERG) – The Indian central bank’s final tally of Prime Minister Narendra Modi’s 2016 demonetisation drive, intended to take money derived from tax evasion out of circulation, showed that 99.3 per cent of outlawed high-value banknotes had been returned.

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