Argentina took the robust measure and the most difficult decision was taken in order to minimise economic shock and to fix the country's worst crisis in decades.
At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Centre.
Normally a currency printing cycle is of 15 days, meaning thereby the increased number of currencies which are being printed beginning this week would be available only towards the end of this month.
A statement from the Finance Ministry confirmed reports of cash shortages and some ATMs running dry or becoming non-functional in some parts of the country.
Launching another attack on Prime Minister Narendra Modi, West Bengal Chief Minister Mamata Banerjee on Saturday slammed PM for deviating from the actual agenda of black money and asserted Indians will resolve to "deModitise" the nation.
The government’s drastic step to demonetise high-value currency notes has not only thrown the lives of the common man in shambles, the impact has also started to become visible in terms of economic activity.
nearly 90 per cent of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes, says a key maker of the machines.
With the opposition failing to put up a strong front against centre’s demonetisation drive, an irked Congress stated that there can be only one prime ministerial candidate from the alliance it is part of.
Prime Minister Narendra Modi today slammed opposition parties for their 'Bharat Bandh' call against demonetisaion, saying they are organising the strike at a time when he is trying to root out corruption and black money.
Private sector lender ICICI Bank on Friday said that it has received deposits of Rs 32,000 crore after Indian government’s November 8 demonetisation move. "If I give you rounded numbers, end of day the
The Supreme Court on Friday asked the central government to solve the cash crunch problem, following the scrapping of Rs 500 and Rs 1,000 notes, quickly and warned that chaos among the people standing in
Banks will be closed today on occasion of Gurupurab in Northern India including key cities like Delhi and Mumbai.
‘Outgoing' Rs 500, Rs 1000 notes can be used for paying utility bills, tax
New Delhi: Against the backdrop of sliding value of rupee, Finance Minister Arun Jaitley today insisted that there was "no serious crisis" for the Indian currency as it was stabilising after few days of "volatility".Jaitley
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