Black Money Is Still Money

Turns out Modi’s first experiment, Demonetisation wasn’t that successful. That’s right. The demonetisation did not technically have any effect on the problem of black money. Two hours before the statement was issued by Modi, the RBI had conducted a meeting that proves that most of the black money was in assets such as gold or real estate. Not just this, but recently it was observed that the RBI does not have data on the exchange of 500 and 1000 notes at petrol pumps, hospitals, and other public places.

Do you think that this is a very important facet that can be played against Modi in the upcoming election? Stay tuned for more, and comment your thoughts below.


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