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Questions relating to the government or politics of the Republic of India.

7 votes

What process did Indian Government use to remove high value currency notes out of circulation?

Under the Reserve Bank of India Act, 1934 (2 of 1934) sub-section(2) Central Government has a powers to take back the legal status of a particular currency. … This is what above section says: (2) On recommendation of the Central Board the 6[Central Government] may, by notification in the Gazette of India, declare that, with effect from such date as may …
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