C. P. Chandrasekhar, Chairperson
Kerala State Planning Board, December 2016
On November 8, 2016, the Government of India decided to cancel the legal – tender character of
bank notes of Rs 500 and Rs 1000 denominations. In addition to cancelling the legal
– tender character of bank notes, the Government of India also restricted the rupee value of withdrawals by persons from Automatic Teller Machines, placed restrictions on the notes exchangeable at banks, and disallowed the banking functions of cooperative banks. On November 23, the Kerala State Planning Board appointed a Committee to study the impact of demonetisation on the economy of the State of Kerala. This is the Interim Report of the Committee.
url – http://www.spb.kerala.gov.in/images/pdf/IR%20Demonetisation.pdf
Courtesy – KSPB