<h1>Indian Government Lacks Study on 2016 Demonetization Impact; RBI Reports Increased Tax Collection & Compliance.</h1> The Indian government has not published any study on the economic impact of the demonetization of Specified Bank Notes (SBNs) in 2016. However, the Reserve Bank of India has released related studies. The demonetization led to the detection of black money, increased tax collection, and a broader tax base. Between November 2016 and March 2017, the Income-tax Department seized Rs. 900 crores and uncovered Rs. 7,961 crores of undisclosed income. There was significant growth in tax compliance, with an 18% increase in net direct tax collections for FY 2017-18 and a 25% rise in income tax return filings.