PM Modi announced demonetisation of the 500 and 1000 currency notes on November 8, 2016
PM Modi announced demonetisation of the 500 and 1000 currency notes on November 8, 2016
He said that the two banknotes will be "just worthless piece of paper," with immediate effect
He said that the two banknotes will be "just worthless piece of paper," with immediate effect
Demonitisation's main goal was to stop the flow of fake currency and black money in market
Demonitisation's main goal was to stop the flow of fake currency and black money in market
While many have kept this as a “bold” move but some criticise this decision of govt
While many have kept this as a “bold” move but some criticise this decision of govt
Instead of 1000 note, govt introduced the 2000 new note for better money flow in market
Instead of 1000 note, govt introduced the 2000 new note for better money flow in market
Currency with public is now over 70 percent higher than in comparison to that of the initial demonetisation period
Currency with public is now over 70 percent higher than in comparison to that of the initial demonetisation period
Of the notes worth Rs 15.41 lakh crore that were invalidated, notes worth Rs 15.31 lakh crore returned to RBI.
Of the notes worth Rs 15.41 lakh crore that were invalidated, notes worth Rs 15.31 lakh crore returned to RBI.