“Government incurs a loss of Rs. 2600 crores because of scribbled notes as they have to be replaced with new notes”
What FACTLY found
Even assuming the RBI replaces the entire quantum of soiled notes, except for the years following the demonetization, the cost of printing these overall soiled notes was hovering around Rs. 2700 crores. Even in that case, the cost of printing scribbled notes would be much less as scribbled notes would just form a fraction of soiled notes
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 9 September 2020. FACTLY (India) looked into it and published its finding on 18 September 2020, 9 days later. Its rating was “FALSE”.
Where the claim appeared
- Facebook posthttps://www.facebook.com/photo.php?fbid=10221249525040303&set=gm.10158088881694117&type=3…
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.