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More than than two days since modi proclaimed demonetisation, also known as notebandi or the note ban, its legacy has.
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Wikimedia common land has media affine to indian 500 and 1000 Indian rupee note demonetisation ఈ పేజీలో చివరి మార్పు 20 సెప్టెంబరు 2020న 13:13కు జరిగింది.
The construct of demonetisation way that the country's currency which was in use was no longer reasonable and the whole cash currency was to be changed.
Demonetization is one of the most trending topics which engaged the columns of indian newspapers fashionable 2016.
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What happens to the old currency during demonetisation?
In the process of demonetisation, a particular unit of currency is completely banned for use by the general public or members of the government. The old currency is monetized in such a way that it becomes instantly invalid and has to be either replaced by the new currency issued against it or deposited in banks.
What happens to the money deposited in hundis after demonetisation?
The cash deposited into hundis, or cash collection boxes in temples and gurudwaras are exempted from inquiry by the tax department which is sometimes misused to launder money. After the demonetisation, there was a spike in donations in the form of the demonetised banknotes in temples.
When was the second decision of demonetisation made?
The second decision of demonetisation was made on 16 January 1978 after independence, it was decided to demonetise the rupee currency notes i.e. Rs. 1000, Rs. 5000 and Rs. 10000. But the last two occasions differ from the demonetisation of 2016 in such a way that the restricted currency was not replaced by a new one on the previous two occasions.
Which is the best essay about demonetisation in India?
In this Demonetisation Essay, we have described the demonetisation in India with its history, impacts, advantages and disadvantages of Demonetization in India, etc. In the process of demonetisation, a particular unit of currency is completely banned for use by the general public or members of the government.
Last Update: Oct 2021
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