Demonetisation of 2016

GPTKB entity

Statements (33)
Predicate Object
gptkbp:instanceOf economic crisis
gptkbp:affectedCurrency ₹1000 note
₹500 note
gptkbp:announced gptkb:Narendra_Modi
gptkbp:cause fight corruption
curb black money
reduce terrorism financing
combat counterfeit currency
gptkbp:country gptkb:India
gptkbp:criticizedFor gptkb:economist
opposition parties
gptkbp:date 2016-11-08
https://www.w3.org/2000/01/rdf-schema#label Demonetisation of 2016
gptkbp:impact cash shortage
increase in digital payments
long queues at banks
disruption to informal sector
gptkbp:legalBasis gptkb:Section_26(2)_of_the_Reserve_Bank_of_India_Act,_1934
gptkbp:mediaCoverage extensive national and international media attention
gptkbp:relatedTo gptkb:Ministry_of_Finance_(India)
gptkb:Reserve_Bank_of_India
Indian economy
Indian banking system
gptkbp:replacedBy gptkb:new_₹2000_note
gptkb:new_₹500_note
gptkbp:resultedIn debate on effectiveness
increase in bank deposits
temporary decline in GDP growth
withdrawal of 86% of currency in circulation
gptkbp:supportedBy gptkb:Bharatiya_Janata_Party
some business leaders
gptkbp:bfsParent gptkb:Prime_Minister_Narendra_Modi
gptkbp:bfsLayer 6