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Demonetization hits stamps and registration revenue: Karnataka CM

Demonetization hits stamps and registration revenue: Karnataka CM

Thursday, March 16, 2017, 2:25 PM

The Modi government’s demonetisation exercise had caused great distress to people and hit the state’s revenues from stamps and registration, causing a shortfall of Rs 1,350 crore during 2016-17, Chief Minister Siddaramaiah said. Siddaramaiah also said RBI could have foreseen the hardships faced by people due to demonetization of Rs 500 and Rs 1,000 currency notes and executed a plan to mitigate them.
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