The Modi government may have unfortunately rushed into a long war with illegal cash. And there is no guarantee that it would be able to demolish and destroy illegal cash.
You can write-off the entire exercise as futile one and a counterproductive move hurting the common man, who still lives in a cash economy.
Illegal cash of over Rs 60 crore has been confiscated from the five states facing Assembly polls, with Tamil Nadu leading the list with seizures of Rs 24.55 crore
The rationale behind the move to withdraw bank notes printed prior to 2005 is to remove them from the market