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By : Oneindia Video Team
Published : February 01, 2017, 03:20
Duration : 01:32

Budget 2017: Cash dealings above Rs 3 lakh banned from April 1

Finance Minister Arun Jaitley proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017. The decision to ban cash transactions beyond a threshold is based on the recommendation of the Special Investigation Team on black money that was set up by the Supreme Court, Jaitley said while presenting Union Budget 2017-18 in Parliament.

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