Demonetisation not new; tried twice earlier, only 15% of currency exchanged

Demonetisation not new; tried twice earlier, only 15% of currency exchanged
Malaysian money changers will no longer deal in 500 and 1000 rupee notes
UAE money exchanges won't accept notes in India recallgulfnews.com

What's taking the country by storm today has been continuously advocated by an IIM Bangalore professor since 2009. R Vaidyanathan explains why he thinks banning high value notes is a good idea. Email. 0. Akshatha M, 10 Nov 2016 , Citizen Matters

The decision of the Government of India to demonetise Rs. 1000 and Rs. 500 at midnight on Tuesday caught the country by surprise. It was timed, maybe on purpose, to coincide with the shock of Donald Trump being declared President-Elect of the USA.

Malaysian money changers will no longer deal in 500 and 1000 rupee notes

Prime Minister Narendra Modi on Tuesday evening banned the use of Rs 500 and Rs 1,000 notes with immediate effect to save India from corruption and the curse of black money. This demonitization move has been slated as a positive and a bold step taken. With upcoming elections in five states, this was an opportune time to weed out corrupt electoral practices. New Rupees 1000 currency note issued by the RBI. Indian government's surprise announcement to withdraw high denomination bills has set the …

The crackdown on black money could see a rise in gold smuggling feel experts. (REUTERS). In a surprise move the government on Tuesday night demonetised Rs 500 and Rs 1000 notes. A move that is a death knell for black money hoarders. “Those with

If black money was aim of demonetisation, does Rs 2000 note defeat the purpose?

Show me the money
Show me the money

Ban on Rs 500, Rs 1000 notes deals with stocks of black money. But push to a cashless economy is premature. Written by Ila Patnaik Published:Nov 11, 2016, 0:24. About Author. Untitled-11 Ila PatnaikIla Patnaik is a consulting editor for 'The Indian … . The announcement of withdrawal of Rs. 500 and Rs. 1000 notes is being described as a masterstroke, a surgical strike on the Black money holders and one tough decision in Indian economic history which will change the world. It is being said that this …

Malaysian money changers will no longer deal in 500 and 1000 rupee notes
Malaysian money changers will no longer deal in 500 and 1000 rupee notes

The government had announced that the Rs.500 and Rs.1,000 notes in circulation till the midnight of November 8 will no longer count as legal tender. Demonetisation is a standard tool in any government's bag of public policy instruments. However, unlike

An Indian man sits in front of a closed ATM in Kolkata, India, Nov. 9, 2016. India Tuesday night abolished currency notes of 500 and 1,000 denomination in one of the biggest revolutionary monetary reforms since independence, aimed at curbing the menace. Counterfeiters and black money holders need not lose all hope; the government has given them time till end-December to exchange their old or counterfeit currency notes against bank deposits or fresh bank notes. And as Prime Minister Modi himself …
One of the biggest hurdles in removing poverty from the country and in taking big strides in the area of development is the black money or the money hoarded by unscrupulous people. Black money means possessing such amount of money as would entail. The Prime Minister, Shri Narendra Modi, today attended the Valedictory Function of Vigilance Awareness Week 2016, at Vigyan Bhawan in New Delhi. |. Speaking on the occasion, he said technology has a major role to play in bringing in transparency, and

“The government won't introduce 2000-rupee notes without a proper plan in place”

new-500-200-rupee-note_650x400_41478619220 The Nation today woke up to a new age of Economics driven by Modi government's decision to curb the highest currency notes in India. The flash announcement that broke overnight has created panic
If black money was aim of demonetisation, does Rs 2000 note defeat the purpose?
If black money was aim of demonetisation, does Rs 2000 note defeat the purpose?
Thousands are queuing up outside banks and post offices across the country, exchanging their banned 500 and 1000 rupee notes for the newly introduced currency on Wednesday. But two days after Prime Minister Narendra Modi announced the. IIMB professor R. Vaidyanathan who favoured the idea of doing away with thenow-demonetised high-denomination notes says there is more to be done. Years after he batted for the idea of doing away with the now-demonetised high-denomination notes,. HONG KONG/SINGAPORE • India's shock move on Tuesday to withdraw large-denomination banknotes from circulation to fight corruption and tax evasion has left some overseas citizens high and dry as money changers in key Asian centres stop accepting

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