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Speaking in the assembly, he sought that the Rs 2,000 and Rs 500 notes should be withdrawn and online transactions should be encouraged.
The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion.
Venture investing in the country's fintech sector shot up five times to USD 2.4 billion during the year and was a major factor driving the surge in investments into such new- age companies globally.
The finance minister said the Indian economy is getting more formalised post note ban as more and more transactions now happen digitally.
The government's official estimate for FY18 growth stands at 6.5 per cent, much lower than what experts would call as the potential.
India's economic growth is likely to be below 7 per cent this fiscal, say experts, citing GST disruption and lingering impact of note ban.
Though demonetisation disrupted the economy and caused hardship to millions of people using cash, the controversial move accelerated digital transactions.
This is the first time that Tandon's name has appeared as an accused in the matter involving Lodha who was chargesheeted earlier this year for alleged conversion of over Rs 25 crore.
The newly introduced notes of Rs 500 and Rs 2,000 breach 90 per cent mark after 15 years, revealing the reliance on high denominations, defeating the purpose of note ban.
Randeep Singh Surjewala called AIMIM chief and Hyderabad MP Asaduddin Owaisi as the "B-team of BJP" and said people should not pay attention to the polarising antics of such people.
After five months of decline in growth, India’s gross domestic product jumped to 6.3 per cent in the second quarter of FY18.
There was a sharp growth in card transactions at points of sale terminals for both demonetisation and postdemonetisation periods, it added.
Mumbai ranks 12th in the list of preferred investment destination for 2018--massively down from the second rank last year, and it stands at the 8th slot in terms of development prospects.
Sinha, who is on a three-day visit to poll-bound Gujarat, was talking about the effects of demonetisation and GST on the Indian economy at a press conference organized by Lokshahi Bachao Andolan.
Demonetisation came as a big blow to Kannankottai village, home to around 1000 families, who depend on farming and on labour to earn a living.