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Notes ban to spur economic activity, says Government

Notes ban to spur economic activity, says Government

Tuesday, March 21, 2017, 11:01 PM

The Government’s demonetisation move is set to augment the economic growth as interest rates have come down as a result of increased deposits in banks. It is noteworthy that the government is being targeted constantly from across the quarters for nullifying old Rs 500/1,000 notes from circulation in November, contending it would impact the economy negatively as India is a cash-dominant market.
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