It is inherently immoral and indefensible to deprive poor people - a majority of India - the right to money they worked hard to earn. You can't defend it on any

It is inherently immoral and indefensible to deprive poor people - a majority of India - the right to money they worked hard to earn. You can't defend it on any moral grounds whatsoever. The RBI still has to take out public interest advertisements featuring top cricketers to convince people to open bank accounts. Because if you were poor, you kept your money in cash, and after DeMo, your trust in the government is even lower than it was before.