Rs 14 lakh demonetized on 8 November. But, this admission from the RBI officially
Patel’s clarification that there won’t be any special dividend to the government post the demonetization exercise is largely irrelevant now because already close to Rs 12 lakh crore money have come back to the banking system out of the Rs 14 lakh demonetized on 8 November. But, this admission from the RBI officially rules out the speculations of “windfall” from the RBI to government and raises questions on what will be the tangible gains to the economy at the end of this painful exercise.
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