No info on how much black money removed by note ban: RBI
The RBI has told a parliamentary panel that it has "no information" on how much black money has been extinguished due to demonetisation of â¹500 and â¹1,000 notes. RBI further said it has no information whether demonetisation is being planned to be implemented at regular intervals. RBI had earlier revealed nearly 99% of the scrapped notes returned to the system.