The form prescribed for exchange of notes should incorporate a column asking for the total number of demonetised notes held by the applicant which would ease the supply of replacements. This would also enable the authorities to keep a watch on the commission agents / middleman who help the black money holders. A notification by the Government / RBI asking the public to disclose their holdings as and when they tender for exchange or deposit the demonetised notes so that the authorities can have some idea as to how much they can expect to surrender from public. This declaration can be made on or before a stipulated date.
Dr T V Gopalakrishnan
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