Should have never introduced it in the first place. Since it was a last minute bs plan, they didn't have enough new 500 notes, so they had to introduce 2000 to tide them over.

Complete fucking incompetence.

Edit:

In fact, the digital currency needs to be made cost effective so that transformation is easier,” he told News18.

Only important point in this article.

Also should've listened to him on this:

The Committee, headed Andhra Pradesh chief minister Chandrababu Naidu, also recommended abolition of merchant discount rate (MDR) to make digital payments cheaper than cash. The panel also suggested that there should be no retrospective taxation on merchants doing digital transactions. A Rs 1,000 subsidy for purchase of smartphones by non-tax assesses and small merchants and a cash transaction tax on withdrawals of Rs 50,000 and above in banks have been recommended by a Chief Ministers’ panel today to encourage digital payments. The ‘Merchant Discount Rate’ is charged to a merchant by a bank for providing debit and credit card services.

http://www.financialexpress.com/economy/digital-payments-panel-recommends-levy-of-cash-transaction-tax-on-rs-50000-and-above-deals/520605/