Govt. of India has withdrawn circulation of higher denomination currency notes in Rs 500/- and Rs 1,000/-without prior notice from the midnight of 08/11/2016. This has barred exchanging of said currency notes in the settlement of payments except in a…
D SubbaRao – ex RBI Governor’s View on Demonetization ( Full Text )
D Subbarao ex RBI Governor The recent decision of the Government of India to delegalize high denomination currency was motivated, as per the press release issued by the Government to eliminate black money ‘which casts a long shadow of parallel…