Tehelka news portal says Demonetisation Findings of the Committee has submitted its report, which will be tabled during the Monsoon Session of Parliament.

Accordingly, the report calls demonetisation a blunder. Not a single objective has been met, it reportedly says.

Findings of the Committee reveal no major black money was found. It says Finance Ministry accepts that only details of 4,172 crores of suspicious money which could be black. Whereas Prime Minister Modi had predicted 5-7 lakh crores would have been black.

According to the Committee’s findings, demonetisation had no effect on terror funding. Neither cashless nor was less cash society formed as Finance Ministry was projecting. People have shifted back to pre-November 8, 2016, level cash transactions.

In a further revelation, the report says demonetisation killed small scale industries and major unorganised sector. Bhartiya Mazdoor Sangh, a trade union affiliate of BJP, has reported a loss of four crore jobs and shut down of over three lakh industrial units.

In a startling revelation, the report say Education sector remains most affected as funds have been stopped, fees hiked, and seats decreased for research. Taxes have been increased, interest rates on PPF and other savings scheme reduced.