Rs 2.25 lakh cr lost to demonetise Rs 13,000 cr: P Chidambaram

Former Union finance minister P Chidambaram said for the Rs 13,000 crore, which did not come back to the banks, the country lost Rs 2.25 lakh crore worth of GDP, crores of jobs and over a hundred lives. His remarks came soon after the Reserve Bank of India said in its annual report on Wednesday that around 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes, which were banned overnight in November 2016, were returned to RBI.

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