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Demonetisation Advantages News

08 Nov 2017

Demonetisation – From a closely guarded secret to facts that went into the decision

The plan to demonetise rupee 500 and rupee 1000 bank notes was kept highly confidential.

08 Nov 2017

One year of demonetisation: How note ban has impacted black money, tax collections

Among the main objectives of demonetisation was the flushing out of black money and also conversion of the non-formal economy into a formal economy to expand the tax base.

08 Nov 2017

Demonetisation has widened scope for digitisation among retailers: Study

More digital interface would help create a transaction history for the small retailers and enable them to get loans from banks.

08 Nov 2017

Demonetisation led to multiple benefits, lower interest rates: PMO

The outstanding demonetised notes as on November 8, 2016 were Rs 15.44 lakh crore. Of these, Rs 15.28 lakh crore or 99 per cent were returned, leaving only about Rs 16,000 crore outside the banking system.

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