My Blogs | Pallav Kumar

I name this blog as  Demonetisation, GST, Railway Examination and Immature Indian Government. On 8th November 2016 , the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes. The BSE SENSEX and NIFTY stock indices fell over 6 percent on the day after the announcement. In the days following the demonetisation, the country faced severe cash shortages with severe detrimental effects across the economy. The Government made revisions after revisions. Revision: 25 November - RBI says old currency notes can be exchanged at RBI branches Revision: 24 November - Government stops over the counter exchange of old banknotes; can only be deposited - Government to ensure adequate cash supply for pensioners, armed forces personnel - Allows certain payments in old 500 rupees notes including at tolls, hospitals for limited time Revision: 23 November - Government says will offer Rs210 billion in farm credit to farmers Revision: 22 November - RBI