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Last month, India pulled from circulation INR500 and INR1,000 banknotes, in a bid, the country’s government said, to clamp down on counterfeiting, corruption, drug use and smuggling.
Just seven days and Indian prime minister Narendra Modi’s massive demonetisation exercise has snowballed into an unprecedented financial emergency in Asia’s third-largest economy. On Nov. 08 ...
Increased GDP levels Over the years since demonetisation took place in 2016, the growth of GDP (Gross Domestic Product) in India has increased. A Necessary Move ...
India's wholesale prices cooled in November, amid cash following the demonetisation of Rs 500 and Rs 1,000 notes from November 8. Among is reasonable enough there. Coincident with would also be fair.
Real Estate: Demonetisation smashed the real estate market and it resulted in 50 per cent drop in the sector. The impact will remain the same for further five to six months or maybe years.
Many people today may be familiar with Rs 2,000 as the highest denomination note in India, especially after the demonetisation in 2016. However, there was a time when even larger denominations ...
True, India’s bicameral parliament did convene in mid-November for its month-long winter session, and opposition MPs loudly attacked “demonetisation”. Yet nothing like a formal parliamentary ...
Since the November 2016 announcement that demonetised 86 per cent of India’s currency in circulation, Rs 5,400 crore (US$837 million) of undisclosed income has been detected. Critics will surely latch ...
PTI November 10, 2020 Demonetisation A Black Chapter In India’s History: Shiv Sena Demonetisation A Black Chapter In India’s History: Shiv Sena ...
Not surprisingly, Indian and international big business have hailed Modi’s demonetisation. “We support the measures to fight corruption and illicit financial flows in India,” declared an IMF ...