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Tag Archives: 500 rs note banned in india

Demonetisation and the need of increased interest-free banking in the country

By Syed Zahid Ahmad Indian Government’s expectation to get around 20% of demonetized currencies has not come true. Due to demonetization the Public Final Consumption Expenditure has reduced drastically affecting the GDP growth. To counter this effect, the Government is under pressure stimulating the economy through increasing Public Expenditure. Since …

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