ap7am logo

RBI says 99% of old currency came back, opposition calls move a failure - ABN

Thu, Aug 31, 2017, 03:58 PM
Reserve Bank of India has stated in its annual report that Rs 16,000 crore of demonetized currency was not deposited with banks since the time of demonetization process. It said that 99 % of the Rs 15.44 lakh crore scrapped currency notes only reached into the system after the process of demonetisation. Economic experts of the country and others stated that demonetization is failed to curb the Black money. The opposition parties have also alleged that it failed to make any difference. Prime Minister Narendra Modi made an announcement of scrapping old Rs 1000 and Rs 500 currency notes on November 8 last year.
Related Video Embedded from ABN Youtube Channel.
View on Youtube: Full | Normal
X

Feedback Form

I agree to Terms of Service & Privacy Policy
Videos Chandrababu Videos KCR Videos KCR Videos KTR Videos TRS Videos Jagan Videos YSRCP Videos Pawan Kalyan Videos Chiranjeevi Videos Narendra Modi Videos Balakrishna Videos Hyderabad Videos