The last time India demonetized high denomination notes was in 1978 when Prime Minister Morarji Desai, also from Gujarat, banned The Indian rupee notes of 1000, 5000 and 10,000 denomination.

When Desai came to power, banknotes of Rs 1,000, Rs 5,000 and Rs 10,000 were in circulation. But the PM, who also held the finance portfolio, demonetized all these notes in January 1978.

Israeli foreign minister Moshe Dayan visited India in 1977 on a failed mission to establish diplomatic ties between India and ...

The first currency notes to be withdrawn were when Rs 1,000 and Rs 10,000 notes in January 1946. They were brought back in 1954 before being demonetized by Desai in 1978.

Finance Minister Nirmala Sitharaman will set a record by presenting the sixth Budget in a row -- 5 annual Budgets and one interim -- a feat achieved so far only by former Prime Minister Morarji Desai.

When Prime Minister Narendra Modi announced on Tuesday night that denominations of 500 and 1000 Rupee banknotes will no longer be legal tender from today, social media has been abuzz about how ...