'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Please feel that fake notes are dead and are not in ciruclation. And also the 500 and 1000 rupee currency notes lying dead with the unworthy elements of this country.
No life without Sun
As per minister of state for finance Arjun Ram Meghwal in Rajya sabha, Rs 8.58 lakh crore in Rs 500 notes and Rs 6.86 lakh crore in Rs 1,000 (totally Rs 15.44 lakh crore ) were in circulation. As RBI statement on 28th Nov, Rs 8.45 lakh crore are deposited in banks after ban. CRR reserve in RBI is 4.06 lakh crore and cash in hand with bank on 8th Nov is 50, 000 crore. As on 28th Nov, Total amount of money which is not circulation in old notes are 13 lakhs crore(8.45 lakh crore + 4.06 lakh crore + 50000 crore). RBI expects that 2 laks crore or more will be deposited in another 30 days which is the deadline. So where is the black money? Either black money is already converted into white or it is not available in the form of Rs 500 / Rs 1000. God only knows what is going on.