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<p style="text-align:justify"><em>The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21</em></p>
<p style="text-align:justify">Though the government had launched its sudden move of demonetisation to cull out black money by weeding out currency notes worth 500 and 1,000 rupees denomination out of the system, on November 8, 2016, the notes in circulation in value terms have increased by 64 per cent since that day till October 29, 2021.</p>
<p style="text-align:justify">According to data released by the Reserve Bank of India (RBI), notes in circulation (NIC) in terms of value, went up from ₹ 17.74 lakh crore on November 4, 2016 (just four days before demonetisation was announced), to ₹ 29.17 lakh crore on October 29, 2021, an increase of 64 per cent.</p>
<p style="text-align:justify">This shows that the other purpose of demonetisation, i.e. promotion of digital payments, has not impacted cash transactions much. </p>
<p style="text-align:justify">The NIC went up by ₹ 2,28,963 crore on October 29, 2021 from ₹ 26.88 lakh crore as on October 30, 2020.</p>
<p style="text-align:justify">Please <a href="https://www.ndtv.com/business/five-years-since-demonetisation-currency-notes-rise-64-in-value-terms-2602165?fbclid=IwAR0ef0YCPF3HuT2vH0IM4iS0BTREx9DPgKvWOtZXqpilMxvSjq-pE29iEL4#pfrom=home-ndtv_topscroll">click here</a> to read more.</p>
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LATEST NEWS UPDATES | Five Years Since Demonetisation, Value Of Cash In Circulation Up 64% -Animesh Singh </title>
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The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
Though the government had launched its sudden move of demonetisation to cull out black money..."/>
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The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
Though the government had launched its sudden move of demonetisation to cull out black money..." />
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<br><small>November 7, 2021</small>
<p style="padding-top: 6px;">-NDTV.com (with inputs from Agencies)
The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
Though the government had launched its sudden move of demonetisation to cull out black money by weeding out currency notes...</p>
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<br><small>November 7, 2021</small>
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A joint fact-finding team of four Muslim organisations on Saturday said Hindus and Muslims in Tripura provided an example of...</p>
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<br><small>November 7, 2021</small>
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The police have invoked the stringent law against over 100 social media users, including journalists, for posting about the unrest.
The Editors Guild of India on Sunday criticised the filing of charges under the Unlawful Activities (Prevention) Act against 102 people, including journalists, for reporting and...</p>
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<br><small>November 7, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Posthumous honour for Abdul Jabbar who fought relentlessly for the victims of the Union Carbide gas leak
Abdul Jabbar, a gas victim, waged a lonely and seemingly never-ending battle for the welfare of the survivors of 1984 Bhopal Gas Tragedy. His relentless struggle for over...</p>
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<br><small>November 6, 2021</small>
<p style="padding-top: 6px;">-Newsclick.in
Hatsun Agro Products doesn’t pay minimum wages despite a turnover of Rs 5,500 crore and forces employees to resign.
With a massive turnover of Rs 5,500 crore at the end of the 2021 fiscal, Hatsun Agro Products (HAP), the country’s largest private dairy products company, reported...</p>
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LATEST NEWS UPDATES | Five Years Since Demonetisation, Value Of Cash In Circulation Up 64% -Animesh Singh </title>
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The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
Though the government had launched its sudden move of demonetisation to cull out black money..."/>
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The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
Though the government had launched its sudden move of demonetisation to cull out black money..." />
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<br><small>November 7, 2021</small>
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The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
Though the government had launched its sudden move of demonetisation to cull out black money by weeding out currency notes...</p>
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The police have invoked the stringent law against over 100 social media users, including journalists, for posting about the unrest.
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<br><small>November 7, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Posthumous honour for Abdul Jabbar who fought relentlessly for the victims of the Union Carbide gas leak
Abdul Jabbar, a gas victim, waged a lonely and seemingly never-ending battle for the welfare of the survivors of 1984 Bhopal Gas Tragedy. His relentless struggle for over...</p>
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<br><small>November 6, 2021</small>
<p style="padding-top: 6px;">-Newsclick.in
Hatsun Agro Products doesn’t pay minimum wages despite a turnover of Rs 5,500 crore and forces employees to resign.
With a massive turnover of Rs 5,500 crore at the end of the 2021 fiscal, Hatsun Agro Products (HAP), the country’s largest private dairy products company, reported...</p>
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LATEST NEWS UPDATES | Five Years Since Demonetisation, Value Of Cash In Circulation Up 64% -Animesh Singh </title>
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The police have invoked the stringent law against over 100 social media users, including journalists, for posting about the unrest.
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Posthumous honour for Abdul Jabbar who fought relentlessly for the victims of the Union Carbide gas leak
Abdul Jabbar, a gas victim, waged a lonely and seemingly never-ending battle for the welfare of the survivors of 1984 Bhopal Gas Tragedy. His relentless struggle for over...</p>
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<br><small>November 6, 2021</small>
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Hatsun Agro Products doesn’t pay minimum wages despite a turnover of Rs 5,500 crore and forces employees to resign.
With a massive turnover of Rs 5,500 crore at the end of the 2021 fiscal, Hatsun Agro Products (HAP), the country’s largest private dairy products company, reported...</p>
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LATEST NEWS UPDATES | Five Years Since Demonetisation, Value Of Cash In Circulation Up 64% -Animesh Singh
-NDTV.com (with inputs from Agencies)
The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
Though the government had launched its sudden move of demonetisation to cull out black money by weeding out currency notes...
-The Telegraph
In most cases, the mosques were targeted in the dead of night by people who moved around in small groups, a joint fact-finding team said
A joint fact-finding team of four Muslim organisations on Saturday said Hindus and Muslims in Tripura provided an example of...
-Scroll.in
The police have invoked the stringent law against over 100 social media users, including journalists, for posting about the unrest.
The Editors Guild of India on Sunday criticised the filing of charges under the Unlawful Activities (Prevention) Act against 102 people, including journalists, for reporting and...
-The Hindu
Posthumous honour for Abdul Jabbar who fought relentlessly for the victims of the Union Carbide gas leak
Abdul Jabbar, a gas victim, waged a lonely and seemingly never-ending battle for the welfare of the survivors of 1984 Bhopal Gas Tragedy. His relentless struggle for over...
-Newsclick.in
Hatsun Agro Products doesn’t pay minimum wages despite a turnover of Rs 5,500 crore and forces employees to resign.
With a massive turnover of Rs 5,500 crore at the end of the 2021 fiscal, Hatsun Agro Products (HAP), the country’s largest private dairy products company, reported...
