The Reserve Bank India has admitted before a parliamentary panel that it has "no information"
about how
much of the
black money has been wiped away from the Indian economy following demonetisation of Rs 500 and 1,000 notes back in November, nor
about unaccounted cash legitimised through exchange of currency post
note ban. Stating that an estimated Rs 15,280 crore in junked notes has come back "subject to future corrections based on verification process", ...
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