Reserve Bank of India’s Annual Report released on Wednesday triggered outrage following admission by the Central Bank that only about one per cent of the demonetised currency failed to return to the banks. The admission calls the bluff on the Government’s claim that Demonetisation wiped out a large volume of black money from the economy.

Both political parties and politicians tweeted their frustration over the disclosure, derisively asking the Prime Minister and the Finance Minister to explain where the black money had gone. Some wondered whether Demonetisation was an exercise to make black money into white