One can listen the actual music of the effect of demonetisation now. The dividend paid by RBI to the Govt,of India has been just half of the payment made in the last year. The reason is the extra expenses incurred over the printing of new 500 and 2000 currency notes, which is accounted to be around 14,000 crore alone and second the appreciation of rupee also enhanced the expenditure of RBI, Which resulted in the lowering down of dividend paid to the GOI. Because of short payment, ministry of finance has to scale up the fiscal deficit, what has been decided for the financial year 2017-18, which is estimated to be 3.8 percent of GDP. Now all hope relies on cutting of bank rate further, which will enable more credit distribution and hence we have more growth. Right now bankers are facing fund flush situation and there are no enough takers for the loans in the market