BJP Response to Rahul: Those epicentre of scams for last 60 years talk of Earthquake

The money that was scrapped amounts to 86% of the cash used in India. So far, Rs. 11.5 lakh crore or 170 billion dollars of the old notes have been deposited in bank accounts.

The opposition says that though it whole-heartedly backs the need to unearth black money and punish its owners, the demonetisation drive as executed by the government has hit the poor hardest because they have no access to formal banking.

To steer the economy away from its dependence on cash transactions, the government yesterday introduced a bloc of tax breaks for using cards for transactions, including the waiver of a 15% service fee on payments up to Rs. 2,000.

(Sourced from agencies, feature image courtesy:oneindia.com)