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On 28 October 2016, the total banknotes in circulation in India were valued at ₹17.77 trillion; what proportion of this derived from ₹500 and ₹1,000 banknotes was unknown. In its annual report of March 2016, the Reserve Bank of India (RBI) stated that total banknotes in circulation valued ₹16.42 trillion, of which nearly 86% (around ...
The High Denomination Bank Notes (Demonetisation) Act, 1978 was an act of the Indian Parliament that demonetized the high-denomination banknotes of ₹1000, ₹5000, and ₹10000. It was first introduced as the High Denomination Bank Notes (Demonetisation) Ordinance, 1978, by the then President of India Neelam Sanjiva Reddy . [ 3 ]
November 6 – The government of India announces the demonetisation of certain banknotes, causing prolonged cash shortages in the weeks that follow and significant disruption throughout the economy. [ 61 ] [ 62 ]
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The body of the article does a somewhat decent job of covering this topic, but the lede is not close to being an adequate summary of the body. There is not one mention of criticis
As of 2011, the new ₹ sign had been incorporated into banknotes of ₹ 1000. [3] In January 2014, RBI announced that it would be withdrawing from circulation all banknotes printed prior to 2005 by 31 March 2014. The deadline was later extended to 1 January 2015, and then again to 30 June 2016. [4] Denomination of ₹ 1,000 notes cost was ...
The film follows the series of incidents that happened in Mangalore-based underworld don Nithyananda Shenoy 's life, following the announcement of 2016 Indian banknote demonetisation on 8 November. Mammootty speaks Kasargod dialect in the movie. The film was released on 12 April 2017 two days before the Vishu holiday.
On 28 October 2016 the total banknotes in circulation in India was ₹ 17.77 trillion (US$200 billion). In terms of value, the annual report of Reserve Bank of India (RBI) of 31 March 2016 stated that total bank notes in circulation valued to ₹ 16.42 trillion (US$190 billion) of which nearly 86% (around ₹ 14.18 trillion (US$160 billion ...