Demonetization - The Missing Link
Indian PM made a highly risky political & economic move by removing 500/- & 1000/- rupee notes from circulation. The move aimed at curbing black money & fake currency seems to be getting equal amount of support & criticism from different quarters at the time of writing. Currency is the lubricating factor on which economy runs. The Indian currency base as of Mar'16 is represented in the table below Currency Note Value ( In Rs Billion) Volume(In Billion) Value% Volume% 10 320 32 1.95% 40.8% 20 ...