Long Queues outside the banks have disappeared and the remonetisation has moved ahead.Reducing cash may not eliminate crime and terrorism but it can inflict serious blow on them, he added.Implementation of demonetisation carried pain; led to short term criticism and inconveniences as well as drop in economic activity. However, the period of pain and inconveniences is getting over; economic activity is being restored, he said.More money with banks is bound to bring down the rate of interest, the Finance Minister said.
The yellow metal remained firm globally during the week ended Saturday. On the other hand, silver recorded a marginal decline. Therefore, the sentiment in gold and silver is expected to remain moderate for the next few weeks.At home, despite the rupee remaining at lower levels vis-a-vis the US currency, thereby making the import of gold […]