Legal Articles Powers of RBI and Demonetization. November 9, 2017 / November 9, 2017 by Anwesha Ghosh | Leave a Comment Anwesha Ghosh Background: 8th of November 2016 denoted a momentous change in India’s economy. Prime Minister Narendra Modi declared that 500 and 1,000 rupee notes of the Mahatma Gandhi Series were not any more legal tender. Individuals were given 50 days to deposit them in bank accounts or to exchange them for new notes at […] Read more » demonetization 2016 Demonetization. Powers of RBI
