Results after Demonetization
Current Affairs

Results after Demonetization

Prime Minister Narendra Modi,s historical announcement on 08 November 2016 for Demonetization of Rs. 1000 and Rs. 500 notes had surprised the whole world and people rushed to the ATMs and Banks for currency exchange. But now the situation is in under control, everything back to the normal state and common people praises PM Modi’s bold decision yet on corruption and black money. So, therefore, I am going to highlight the results after Demonetization so far.

  • More than ₹ 230 Billions of black money revealed so far and this figure is continuously increasing.
  • India has achieved 7.1 % of Development Rate in October 2016 to December 2016.
  • More than 9.1 millions of taxpayers increased after Demonetization.
  • On 31 December 2016 PM Narendra Modi announced 4% exemption on Home Loan.
  • Till 24 May 2017, NIFTY has crossed the figure of 9000 and SENSEX has crossed the figure of 30000.
  • The start of Direct transfer of Government Subsidy in 250 Millions of Jandhan bank account.
  • Till 2016 more than 26.9 millions of farmers under Crop Insurance Scheme (फसल बिमा योजना)
  • 2 Million Tons of buffer stock of pulses.
  • The Modified law of Anonymity property has been effected from 01 November 2016.
  • Average Inflation Rate 3.39% in 2016-17.
  • National Treasury Loss is 3.5% in 2016-17 which is effectively less than 4.5% in 2013-14.
  • GDP 7.1% in 2016-17.
  • FDI $ 60.8 Billion.
  • Foreign Exchange Reserves of India reached to $ 375.717 Billion on 05 May 2017.
  • GST a Biggest Tax Reforms in India after Independence.
  • Much better, mature and aggressive Foreign Policy.
  • Fast pace in Defence Development and Acquisition.

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