Finance Minister Arun Jaitley had proposed the move in the Union Budget 2017.
Supply of lower-denomination notes created multiple problems for people in the wake of demonetisation.
A lawyer by profession, Arun Jaitley wears many hats, articulating Modi government's views on policies.
Do you know all these terms related to Union Budget? The Budget of 2017-18 will be presented on Wednesday.
Estimates forecast that the Central government might hike defence allocation by 10 percent in Budget 2017.
For the first time, there won't be a separate budget for railways, breaking a 92-year-old tradition.