Following the recent announcement about a push for cashless transactions in India, the Government of India is taking big steps to make them a common reality in India. Rakesh Dubbudu from Factly finds out more.
With demonetisation in full swing, many citizens are concerned if the cash-in-hand they have will be treated as black money. If you’re worried about possible penalisation for the money you deposit, this video should help clear things up for you.
The Reserve Bank of India is the country’s central banking institution, and controls the monetary policy of the Indian Rupee. But that’s not its sole function.
Withdrawal of old 500 and 1000-rupee notes is making it hard for traffickers, drug dealers and those involved in prostitution to conduct their illegal business.
These are the stories of people who did not complain during the demonetisation crisis but tried to deal with the situation by making sure the needy were well served.
Rs. 14 lakh crore, or $217 billion -- 86% of the value of Indian currency currently in circulation became useless from midnight of November 8, 2016, as a part of the government’s crackdown on black or unaccounted money.