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Cabinet clears notes ban ordinance, slaps hefty fine on possession of old notes beyond March 31, 2017

Cabinet clears notes ban ordinance, slaps hefty fine on possession of old notes beyond March 31, 2017

New Delhi, Dec 28 (IBNS) : The Union Cabinet on Wednesday cleared the ordinance on criminal liability for keeping old high-denomination notes, specifying that the currencies will stand illegal beyond March 31, 2017, reports said.