Demonetization


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Demonetization

Government withdrawal of a form of currency from circulation e.g. a particular note, coinage, or precious metal.
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The debate could not have come at a more opportune moment as the Demonetization exercise in India completes its first anniversary.
During demonetization, where a lot of people required quick financial support, BankBazaar was available just with a click.
The response of the political parties to the final statement of the RBI on the adventurous step of demonetization was on the expected lines.
The Marketing Advisor Bhim Raj Gurung of the Food Corporation of Bhutan said that demonetization of Indian currency has badly affected both the Bhutanese farmers and the Corporation.
The Federal Reserve would not support, and has no plans for, a recall, demonetization, cancellation, or any other cessation of legal tender status of U.
It may be recalled that earlier this week, Sinha had published an article in the Indian Express and subsequently given an exclusive interview to ANI in which he was critical about the Narendra Modi-led NDA government's economic policies, especially on the issue of introducing demonetization and the GST.
As demonetization is put into the works in the world's fastest growing economies, this crude clampdown on 'black money' in India comes with an air of fear and uncertainty leading to nationwide chaos as Indians scamper to get their existing currency changed for new banknotes.
Investment sentiments are low and the government is under tremendous pressure from the Opposition to showcase that the demonetization exercise has paid off.
19 -- Disruptions in Parliament over demonetization continued and the month-long winter session of Parliament ended on Friday.
One of the most vocal critics of Modi's demonetization move, Kejriwal, in a video that has gone viral on the social media, is seen losing his cool with a BBC Hindi journalist during an interview when he asked the CM how he could directly link 55 deaths to the currency ban and if he had any proof.