Demonetisation in India
Demonetization By Mekala V Reddy on 3 rd Dec 2016 What is Demonetization & impact in India? Money notes in circulation is going to be invalid Legally is called ‘Demonetization’!! ~86% of Indian currency notes (of Rs. 500 & 1000) are called back by Govt. of India on 8 th Nov ’16. This exercise helps to get complete currency to Banks (~16 L crores) …Govt. can spend ~5 L crores on infrastructure domain and also know how many are taxable people. This helps to improve Govt’s revenue in future years. What is Black-Money ?? Income illegally obtained is called Black-money using following ways: Expecting money ...