It doesn't cease to amaze me how the finance minister can say these things with a straight face. Ofcourse this was the original plan all along, but since one ca

It doesn't cease to amaze me how the finance minister can say these things with a straight face. Ofcourse this was the original plan all along, but since one cannot say that upfront to the people, one has to resort to all kinds of propoganda and hence the shifting of the goalposts from corruption/black money, fake currency to ultimately a cash-less society. The major sources of black money in cash(which is a very small % of the total black money) are from 1) capitalist - industry owners, builders 2) politicians/bureaucracy 3) SME - small & medium enterprises, doctors 4) Informal sector - smaller shops, daily labour By definition, 1) & 2) are not affected by this. Those that get mentioned in the news are mostly anecdata/propoganda. It is the 3) & 4) that are mostly hit by this which, alongwith the government, is one of the biggest employment generator. The wealthy among them get away by variety of means. 4) are the worst affected even though most of them don't earn enough to be taxed. All the talk of fighting corruption is doublespeak when, in the finance bill, they allowed for unlimited anonymous corporate donation to political parties The cost of printing & distribution of new notes was 80 Billion Rupees [0], up from 34 Billion Rupees the previous year. The amount of fake currency detected from all the notes which were returned was .... wait a minute ... 400 Million Rupees [0]. Though this was a statistical detection mechanism and even if you double the estimates, it is barely 1% of just the cost of printing new notes. To speak nothing of the economic destruction it caused. [0] https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2017 https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx...