An Analysis – Demonetisation of INR 500 and INR 1000 Currency Notes
Prime Minister Narendra Modi, through an address to the nation, declared banning of INR 500 and INR 1000 currency notes from midnight of 8th November, 2016. This announcement is the consequences of government accepting RBI recommendation to ban these currency notes, and introduce newer, supposedly more secured currency notes. The reasons suggested behind this sudden…