Telugu Fast Track Studios

                                        WHAT IS                                 DEMONETISATION? On 8 November 2016, the  Government of India  announced the  demonetisation  of all  ₹500  (US$7.40) and  ₹1,000  (US$15) banknotes of the  Mahatma Gandhi Series  on the recommendation of the  Reserve Bank of India  (RBI). [2]  The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism. [3] [4]  The sudden nature of the announcement—and the prolonged cash shortages in the weeks that followed—created significant disruption throughout the economy, threatening economic output. [5] [6]  The move was heavily criticized as poorly pla...