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No info on black money removed by note ban: RBI to Par panel

News and Press Release - Dated:- 6-9-2017 - New Delhi, Sep 4 (PTI) The RBI has told a parliamentary panel that it has no information on how much black money has been extinguished as a result of demonetisation of ₹ 500/1,000 notes or about unacc .....

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it has no information whether demonetisation is being planned to be implemented at regular intervals. The RBI has been facing flak from the opposition parties for demonetisation and delay in disclosing figures on the junked notes, even as the governm .....

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unked notes that have come back into the system putting the figure at ₹ 15.28 (rpt) 15.28 lakh crore. The same figure has now been shared with the Parliamentary Standing Committee on Finance. Replying to queries from the panel, the RBI said the .....

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the panel that the completion of the process of verification will take time in view of the large volume involved. The process is going on in full swing with most RBI offices working in double shifts and with the help of high-end verification machines .....

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, the estimated value of SBNs received as on June 30 is ₹ 15.28 trillion, the RBI said in its written reply to the panel. To a query on how much amount of black money has been extinguished as a result of demonetisation, the central bank said, T .....

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nformal and unorganised sector, as also about the GDP loss. The RBI said the deceleration in overall economic growth figures for 2016-17 had begun much before demonetisation due to weakness in industrial and services sector. Last week, several member .....

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