Demonetisation Disrupted Maoist Funding, Hit Real Estate Cash Economy: Former IB Officer’s Account and Government Data
New Delhi: The 2016 demonetisation of ₹500 and ₹1,000 currency notes caused a severe disruption to the cash-based financial networks of Maoist groups and other underground organisations, while also delivering a sharp short-term shock to India’s real estate market, according to a former Intelligence Bureau officer and government data released in the aftermath of the…

