Demonetisation

Says it has not submitted any such recommendation to government

Reported one of India's largest bank fraud,the case has stunned financial markets

In a shock move on November 8 last year, Modi cancelled all INR1,000 and INR500 notes in circulation

Despite efforts, majority of the population remains outside formal banking sector

The more harder India pushes its nationalism on to its population, the further away we send Kashmiris

Central bank partially lifted limits for certain accounts earlier this month

The move comes weeks before the crucial Uttar Pradesh state elections

Move comes days after Senate adopted a resolution to withdraw the Rs5,000 note

Many people are hesitant to publicly voice dislike of demonetisation because they are afraid that they will be abused

Banknote is being used in illegal transactions and should be withdrawn, states the resolution

Corruption rife because institutions do not budge without bribes, commission money

Pakistan High Commission in New Delhi lodges protest with MEA; fears rise for a tit-for-tat response by Islamabad

The emphasis of Modi’s speech was on the need to tackle black money and fumigate the economy