Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Sat, Feb 23, 2019 | Last Updated 2:19 am IST

Menu &Sections

Search

Reserve bank's shocking report - Modi's Demonetization is AN EPIC FAIL

Reserve bank's shocking report - Modi's Demonetization is AN EPIC FAIL
Reserve bank's shocking report - Modi's Demonetization is AN EPIC FAIL
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

After a long gap of 2 years after demonetization, the reserve Bank of India has finally finished counting all the money that was received. The concluding reports of the demonetization process have been shocking. On November 8, 2016, in an unexpected manner, Indian Prime Minister Narendra Modi had appeared on national television screens, and announced that the then existing 500 rupees and 1000 rupees notes have become invalid, and following this, people had been given deadlines to exchange their existing notes and get the newly printed notes.



People stood in long queues in Bank cash counters and in ATMs to get money and exchange money. This demonetization process had extended for several months, and many people had not got money during their needs and this demonetization process even lead to several deaths. While the demonetization process was announced as a means of eradicating black money from India, there were no reports on it later.

 Reserve bank

Now finally after counting all the money received, the Reserve Bank of India has prepared a report. As per the report, 15.44 lakh crores worth of notes were subjected to demonetization , and of which only 15.31 lakh crores have been returned, which means, 99.3%notes have returned to banks itself, and 13000 crores has not returned. Besides, the demonetization money from Nepal and Bhutan are yet to be received. It must be noted that in 2017 June 30, it was said that 15.28 lakh crores of money had been returned, which amounted to 99%.

Reserve bank

Reserve bank's shocking report - Modi's Demonetization is AN EPIC FAIL
5/ 5 - (1 votes)
Add To Favourite
More from author
Animosity between AP people & Central government out in the open
FIR registered against Pakistani actor wife refusing anti-polio drops to their daughter
Jr NTR to be brand ambassador for Appy Fizz in South India
History Maker: Madhusudhan Rao Founder of Lanco Infratech
Public exam for 5th and 8th class!
Bank fraudsters caught in Chennai!
Party members threatening to leave DMDK!
DMK and Congress Unite!
Network integration process of Vodafone Idea is on track by June 2020
Revanth Reddy copycats KCRs style
Lockheed Martin unveiled F-21 to boost India manufacturing in defense sector
Hearing in Sunanda Pushkar death case began on February 21
Will Captain Vijayakanth take alliance decision soon?
Funny!!! Vietnam Barber expert in Trump & Kim Hairstyles
How Chennai Swiggy Customer gets order delivery from Rajasthan?
Tiktok committed to safe & positive in-app environment for users in India
TN Govt plans to introduce Board Exams for Class 5 & 8
Guntur District farmer committed suicide, doubts raised
UK no longer preferred market for Indian investment due to Brexit factor
Pakistan Cricketers portrait removed from HPCA
DMK Congress deal soon!
What's the problem for DMDK?
India receives support from Israel!
Public shocked after tremors in Delhi!
APTA achieved India Book of record by making longest bamboo chicken in India
Budget of Rs 3,116 crore for 2019-20 unveiled by TTD
Chennai Metro Rail to install WiFi facilities at all stations
Saudi Arabia-India plans to set up a ''Strategic Partnership Council'
Donald Trump planning to meet North Korean Leader Kim Jong-Un again
Is Nagarjuna making his Political entry?
Why Rahul Gandhi made a surprise visit to AP Bhawan?
Panther seen in parking area of Korum Mall in Thane
Why KCRs Cabinet has no Women in his Party?
25 lakhs be given to family of CRPF Jawan by Kerala Govt
Surya Kiran Aircraft crashed in Bengaluru during rehearsal
BJP making desperate attempts to woo its allies
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.