They said that forged cash was used to fund terrorist activities against India and that the demonetisation had a counter-terrorism purpose.
32.
The day after the demonetisation announcement, BSE SENSEX crashed nearly 1, 689 points and NIFTY 50 plunged by over 541 points.
33.
Demonetisation is currently prohibited in the United States and the Coinage Act of 1965 applies to all US coins and currency regardless of age.
34.
With the recent unprecedented act of demonetisation in India, the company is uniquely placed to serve an inundating demand for its services in India.
35.
The chairman of the State Bank of India had also openly spoken in April 2016 about the possibility of demonetisation of 500 and 1000 notes.
36.
BBC's South Asia Correspondent Justin Rowlatt in his article praised the move for its secrecy and success and elaborated on reason behind demonetisation.
37.
The Constitutional bench of the Supreme Court of India rejected the petitioners'plea, and upheld the Constitutional validity of Demonetisation Act, 1978.
38.
Demonetisation of 500 and 1000 rupee notes by Prime minister Modi proved to be the last straw that broke the black money camel's back.
39.
In 1946, the pre-independence government hoped demonetisation would penalize Indian businesses that were concealing the fortunes amassed supplying the Allies in World War II.
40.
He mentioned the demonetisation along with the upcoming Goods and Services Tax ( GST ) as " an attempt to change the spending habit and lifestyle ."
