(Around time 0:16): “… where would this money go? This money is deposited in Indian bank. Not in someone’s personal account. This money would be for the poor people’s affair. It would be for infrastructure. It would be for roads…”On the 5th of January 2017, in an interview published in The Hindu Businessline, Pankaj Patel, President of the FICCI says ‘Post demonetisation, money with banks should be used for infra projects’. The last line of the first question of the interview:
This large amount of money that is available with banks has to be used for infrastructure projects in a big way, and it can help increase demand.Today, Nirmala Sitharaman has said that the money deposited in the banks can be used by the government for developmental activities.