India has more black money stored in Swiss banks than any other country in the world. Demonetization has led to people rushing to banks to deposit or exchange old currency, though some face issues withdrawing cash due to shortages. The lack of smaller bills and overall cash shortage is impacting businesses and families, with over 35 reported deaths so far related to cash access problems. There are concerns the new Rs. 2000 note could make hiding black money easier in the future.
4. India tops the list for black money in the
entire world in Swiss banks
BILLION
The second highest, Russia has 4 times
Lesser black money compared to India
nd
Lost to corruption
since 1948
TRILLION
5. Ever since the demonetization of the Rs. 500 and
Rs. 1000 currency notes, people have been rushing
to banks
Deposit or exchange their money. Despite standing
In long queues,
Some people have not been able to withdraw money
From ATM s due to non – availability of cash
to
6. People are getting 2000 rupee note but not getting the
change in the market against this note .Small currency is
threatening
You can only withdraw Rs 24,000/-
currency per week
7. Businesses suffer since they do not have liquid cash to
make critical transactions
Existing business transaction will be halted due to this
sudden development
Atm’s are not calibrated according to New
500 rupee note.
8. All families where there is marriage in the month of Dec
are facing some serious issues.
Rs 2000/- notes will make it easy for people to store it,
thereby in future more black money can be stored safely
Till 16th Nov there is a report of death of more than 35
people due To cash problem