1. With 99 per cent of the banned Rs 1,000 and Rs 500 notes back in the banking system, it is now clear that at least some key figures in the government had overestimated the short-term gains of the demonetisation drive. The line of thinking was that at least Rs 3-4 lakh crore won’t return to banks, as black money hoarders would be too scared to disclose their income.
2. It also shows, as one economist says, the “structured and effective way the money mules worked” during demonetisation. A lot of people from low-income group allegedly deposited money in their
