'AIBEA demands CBI Enquiry'- Venkatachalam
Channel: NewsClickin
Date: 2017-01-24

Newsclick spoke to Mr. Ch. Venkatachalam, Gen. Sec., AIBEA, on Demonetisation. Mr. Vekatachalm criticised that demonetisation is an ill planned and shoddy exercise. According to him, not only has the demonetisation inconvenienced people, but negatively affected the banks' balance sheets. In his view the hype of cashless economy is a going to fall flat as India does not have the necessary digital security infrastructure that is needed for card payments. He demanded that center should call for a CBI enquiry on the large quantities on new currency notes found with black money hoarders.

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