The Reserve Bank of India launched a new set of rules regarding the deposit of demonetized notes. The new set of restrictions were welcomed with complaints among confused individuals.
demonetization
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Amnesty system was created for those with black money, there should be an amnesty scheme for micro, small and medium enterprises.
Prime Minister Narenda Modi had scrapped off the Rs 500 and Rs 1,000 notes, hurting different sectors of the economy. The move resulted to decreased sales and slowed operations on sectors like automobiles, tourism, banking and e-commerce.
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