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Category Archives: Economy

Demonetisation

Demonetisation: live blog and updates

On November 8, 2016 the government announced that existing currency notes of Rs 500 and Rs 1000 would be demonetised, and put in place several measures to regulate the usage/exchange of these old notes as well as on cash withdrawals and deposits. Since then, there have been several changes to these guidelines, and we’ve updated…

December 8, 2016Leave a commentDemonetisation, EconomyBy Team Walnut

Demonetisation effect

₹500 and ₹1000 notes demonetised – what you need to know

With a view to curbing black money and counterfeiting, the Prime Minister yesterday announced that effective midnight on 08-Nov-16, the existing ₹500 and ₹1000 currency notes will no longer be treated as legal tender. How does this impact you? Read on…     What happens now? – Your existing ₹500 and ₹1000 notes are invalid…

November 9, 2016Leave a commentDemonetisation, EconomyBy Team Walnut
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