 "Old high denomination bank notes are seen kept in buckets at a counter as people stand in a queue to deposit their money inside a bank in the northern city of Kanpur")
A Parliamentary committee said that the objective of Narendra Modi government's decision to demonetise Rs 500 and Rs 1,000 currency notes may have been to curb corruption but in the process "honest, hardworking and tax paying citizens of India were made to suffer."
In its 233rd report tabled in the Rajya Sabha today, the Committee on Subordinate Legislation also said that the decision was an effort to combat corruption, tax evasion, counterfeiting and black money. But it was "inevitably" the low income and rural households that were hardest hit by the currency reform.
It said that demonetisation "weighed heavily on the country's
