Banking Laws
Analysis: The Specified Bank Notes (Cessation of Liabilities) Act, 2017
Introduction: Demonetisation is a situation where the country’s Central Bank (Reserve Bank in India) withdraws as an official mode of payment, the old currency notes of some specific denomination. Demonetisation has been implemented twice before in 1946 and 1978. Prime Minister Narendra Modi delivered an unanticipated nationally televised speech at Read more…