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The Grade 8 students from the Swiss International School Dubai (SISD) have secured a place at the Junk Kouture World Finals in London to present their unique dress design, ‘Candylicious’
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RBI: Almost all demonetised notes back in system
A total of Rs15.28 trillion was returned to the central bank through lenders.
mumbai - Indians returned almost all of the estimated ?15.4 trillion in high-currency bills removed from circulation
A total of Rs15.28 trillion was returned to the central bank through lenders, a number that could renew scrutiny about the effectiveness of the measure announced by Prime Minister Narendra Modi in November.
By rendering Rs500 and Rs1,000 illegal in one stroke and imposing restrictions on how the money could be returned to lenders, Modi had been intending to make it difficult for hoarders of undeclared wealth, or black money, to exchange their undeclared cash for legal tender.
But economists have said the measure has had positive impact as well, including bringing in cash into the banking system, and lowering the cost of loans.
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