Reserve Bank of India has begun the printing of new Rs 200 notes. This move is being seen as the final ladder in the process of remonetization. However, is it time to fully rejoice?
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Reserve Bank of India has begun the printing of new Rs 200 notes. This move is being seen as the final ladder in the process of remonetization. However, is it time to fully rejoice?
The Reserve Bank of India has begun printing bills of Rs 200 in order to to speed up the re-monetisation process,nearly seven months after demonetisation
Remonetisation to expand tax base, says Arun Jaitley
Remonetisation to expand tax base, says Arun Jaitley
[ad_1] Finance Minister Arun Jaitley on Monday said remonetisation, following the world’s largest note ban, has been substantially completed and the move will result in an expansion of the tax base in the country. In November 2016, the government junked 500 and 1,000 rupee notes, which made up 86.4 per cent of the country’s circulating currency. As demonetised currency was allowed to be deposited…
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Market roundup | Remonetisation picks up pace That the Reserve Bank of India (RBI) has been supplying new notes at a faster pace is evident from the currency data from the central bank.
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Demonetisation: A Month On, Has PM Modi's Turn Been a Distinct advantage?
#Demonetisation: A Month On, Has #PM Modi's Turn Been a Distinct advantage?
On November 8, Prime Minister Narendra Modi announced the decision to cancel 500 and 1,000 rupee notes. In the one month since then, cash in the economy has dried up and people have lined up in front of dry ATMs and banks. The economy has been convulsed by the cash crunch, even as people have switched to using cash alternatives in large numbers. But not everyone has the means to use cheques,…
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