The Government of India knew the negligible share of non-demonetised currency (in total currency) in circulation on November 8, 2016: Rs 100 (9.61 per cent), Rs 50 (1.18 per cent) and others (2.83 per cent). Further, the government knew its capacity constraints on total remonetisation in a short time and the unpreparedness of the banking system to meet with after-demonetisation demand for cash by all sectors of the economy and […]