Also look for old matchbox cars from prior to 1970, check them on the net or buy them and check later if they are a few cents.
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The objective of demonetization to check the fake currency also failed. The RBI has issued new currency notes of RS.500, but the new notes of RS.
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1000 have not been issued. 2000 have been issued. 2000 it was 17929 units. 500 and RS. 2000 were 199 and 638 respectively. 3. The share of Rs 500 and above banknotes stood at 73.4 % as compared to 86.4 % before demonetization.
The primary reason for this reduction is the cash crunch caused due to demonetization. 8. The increase on the asset side was due to the increase of 2.70 % in foreign investments and7.45 % in domestic investments and capital contribution to the subsidiaries of the Reserve Bank.
The RBI said that the counting process of demonetized Specified Bank Notes (SBN) has been completed through High-Speed Currency Verification and processing system.
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Earlier the World Bank reduced the estimates of GDP from 7.6% to 7%. In March 2017, the IMF reduced the GDP of India for the 2016-17 and the next financial year to 1% and 0.4% respectively. In March 2017, the IMF reduced the GDP of India for the 2016-17 and the next financial year to 1% and 0.4% respectively.
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The IMF in its revised updates of World Economic Output has reduced the GDP of India for the financial year 2016-17 from 7.6% to 6.6%. It was done due to the temporary adverse effects of demonetization on the Indian economy.
But in reality, the GDP came down to 5.7% after demonetization, when the statistics for the previous financial year were released.
The decline of 1% in GDP means 1 lakh Crore. 16,000 Crores, while the loss was about 2 lakh Crore, which could get doubled if the loss of small-scale and cottage industries including unemployment and lost working hours are also included.
At the time of demonetization, the total currency in circulation was Rs 17.97 lakh crore and 86 % of this i.e., Rs 15.44 lakh crore was rendered invalid.
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