A slump in business activity stemming from the cash crunch has caused the revenue of state governments to slump by 25-40 per cent

India: Demonetisation imperils crucial national tax reform

The RBI said people will also have to explain why the demonetised 500- and 1,000-rupee notes have not been deposited so far

Demonetisation: Old notes worth more than Rs 5,000 can now be deposited only once till Dec 30

Minister of state for finance Santosh Kumar Gangwar said 179,614 ATMs were recalibrated between November 8-30

Demonetisation: 85% of ATMs were recalibrated for new notes by Nov 30, says government

The main reason behind the cash shortage are the dysfunctional ATMs that continue to remain dry

Demonetisation: 30 days on, cash crunch still continues

The rupee had hit its all-time intra-day low of 68.85 and closed at 68.80 on August 28, 2013

Graph: The Indian Rupee's travel against the Dollar

The former prime minister also said that the way demonetisation was implemented would hurt agriculture, small businesses and informal sector

Demonetisation 'monumental management failure', find practical solution: Former PM to govt

Bishnu Pandey is one of hundreds of thousands in the desperately poor Himalayan country hit by the currency ban announced two weeks ago

Nepali migrant workers unwitting victims of India cash crackdown

india-note-ban

India Note Ban, News on India Note Ban, stories on India Note Ban, articles on India Note Ban, India Note Ban stories at Wion, India Note Ban news, India Note Ban latest news

india note-ban