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The banknotes in circulation had further increased to ₹19.5 trillion in September 2018 [98] and ₹21.41 trillion in March 2019, 19.14% higher than the level before demonetisation. [99] Five years after demonetisation, the currency in circulation was at a record high of ₹29.17 trillion on 29 October 2021. [100] [101]
Obverse of the ₹ 2000 banknote between October 2016 – November 2023. It was released by the Reserve Bank of India (RBI) on 8 November 2016 after the demonetisation of ₹500 and ₹1000 banknotes and has been in circulation since 10 November 2016. [2] It is a part of the Mahatma Gandhi New Series of banknotes with a completely new design.
On 29 September 2016, teams of Indian Army commandos crossed the Line of Control into Pakistani-administered Kashmir to attack targets up to a kilometer within territory held by Pakistan. [ 12 ] [ 13 ] [ 14 ] The raid occurred ten days after four militants had attacked an Indian army outpost at Uri on 18 September 2016 in the Indian state of ...
As per government figures, the number of income tax returns filed for 2016–17 grew by 25 per cent to 2.82 crores (compared to growth rate of 9.9% in the previous year), and the advance tax collections during that period rose 41.8% over the one-year period, as more individuals filed their tax returns after demonetization.
The first banknotes issued in the New Series were the denominations of ₹ 500 and ₹ 2000, and are in circulation since 10 November 2016. While the ₹ 500 note is still being printed, the ₹ 2000 note was last issued date 2017.
2016 saw the discontinuation of ₹500 and ₹1,000 notes due to the 2016 Indian bank note demonetisation and consequently the introduction of new a ₹500 note, and a ₹2,000 note- a first for the currency. Later on, new notes of old denominations viz. ₹10, ₹20, ₹50 and ₹100 were issued with old notes of the same value still being ...
The loss of jobs was attributed to the 2016 demonetisation, and to the effects of the Goods and Services Tax. [ 29 ] [ 30 ] The last year of Modi's first term didn't see much economic development and focused on the policies of Defence and on the basic formula of Hindutva .
In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in the year. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on November 8, 2016.