Summary:
“The implementation faced a setback mainly in preventing the diversion of new currency notes from banking channels to other sources with the support of unscrupulous bankers. As a result, there was shortage of currency in many banks for commoners,” said Mr.
Sensarma. Delivering the keynote address at a seminar on ‘Demonetisation and its future effects’ organised by the Kozhikode Sustainable Development Initiative (KSDI) at Malabar Palace on Monday, Mr.
Sensarma said black money deposited in multiple accounts and drawbacks in planning digital payments affected the objectives of demonetisation. An interactive session was also organised at the end of the seminar. KSDI president C.
Janardhanan presided over the seminar..