Economic Affairs Secretary Shaktikanta Das News
That means old 500 currency notes will not be acceptable at medicine shops and for paying public utility services such as payment of electricity and water bill etc.
Citing reforms and steps taken towards ease of doing business, the Finance Ministry today pitched for a rating upgrade with Moody's, while the US-based agency expressed concern over the state of bad loans in the banking sector.
Enthused by moderation in retail inflation, the Finance Ministry today expressed hope that RBI will take into account improvement in the price situation while deciding on rate cut in its next policy review due in October.
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