That's a very valid point, and at the moment, I don't think anything is being done in that regard. However, the difference between the Have's and the Have Not's

That's a very valid point, and at the moment, I don't think anything is being done in that regard. However, the difference between the Have's and the Have Not's in India is enormous. Defying-belief levels of enormous. There were reports of people burning suitcases full of money, or just throwing it away in sacks because they couldn't figure out what to do with it. Given this fact, even this first step has the potential of reinjecting a lot of money back into the economy. We have this rule of thumb in India, for instance, that when buying real estate, only about a quarter of the actual price is paid in "white money" (legally) and everything else is under the table. We have a staggeringly bad corruption situation, and I think it's a good first step. On the other hand, there is something to be said about Joe Public in the emergency ward who cannot afford the fee simply because the ATMs run out of money within hours of being restocked, and he doesn't have the luxury of waiting in long lines. Not sure if the government has anything in place for such a scenario.