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The transaction limit has been maintained at Rs 20,000 until a further announcement from the RBI.

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The star-rated hotels in &nbsp;metros have registered a decline of about 5-7%.

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As many as 60 lakh individuals and firms have made large deposits totalling an astonishing Rs 7 lakh crore in old notes, top government officials said today while warning that every penny of tax will be extracted as the black money does not become white by merely putting it in banks.

Demonetisation: 60 lakh depositors put Rs 7 lakh crore in banks since November 8

"They also deliver greater tax compliance," Modi added.

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"It all depends on the chemistry between the finance minister and the governor".

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Just two days before the deadline of depositing old notes in banks, Jaitley hailed the whole demonetisation move.

Full text: Here's what FM Jaitley said on remonetisation

The ordinance has been brought to cancel the validity of these old notes.&nbsp;

No jail term for holding demonetised notes: Reports

Average balance in a Paytm account since demonetisation? Rs 59

The monetary policy regulator also refused to give any details about the time it will take to replenish the currency notes.

RBI refuses to give reasons behind demonetisation

Jaitley said the rabi sowing is 6.3% higher than last year.

Critics have been proven wrong on impact of demonetisation: FM Jaitley

The government on December 16, had announced that the second Income Disclosure Scheme (IDS II) will run till March 31.

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Naidu also said things were moving "very positively" for the digital economy.

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demonetisation

The Reserve Bank of India said 98.37 per cent of Rs 2000 banknotes have been returned to the banking system since the denomination’s withdrawal in May 2023. Only Rs 5,817 crore worth of notes remain in circulation, though they continue to be legal tender.
 

Rs 2000 note phase-out nearly complete, says RBI; 98% of notes returned to banks — All you need to know

97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024.

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 2,000 withdrawal from circulation: The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time. 

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

The finance minister says banks make assessment of amount and denominational requirements for ATMs on the basis of past usage

Finance Minister Nirmala Sitharaman says govt hasn't stopped banks from filling Rs 2000 notes in ATMs

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Demonetisation

Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30

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