Attacking Prime Minister Narendra Modi for his recent Parliament speech accusing the Congress of yearning an "old India" of scams, Congress President Rahul Gandhi on Saturday said Modi's "backward-looking" thought led to note ban.

"We challenge the Prime Minister to order an impartial probe into all these cases, and many more such cases, and bring out the facts before the people," said Congress.

Jaitley said the government had shown fiscal prudence through a series of steps in the last few years like demonetisation, introduction of Aadhaar, Insolvency and Bankruptcy Code, recapitalization of public sector banks and smooth transition to the GST that have led to better economic situation.

This day last year, Prime Minister Narendra Modi surprised the nation by announcing demonetisation of Rs 500 and Rs 1000 notes. Here's the full text of the speech that changed India:

One year down the lane, the government has not been able to achieve any of the projected goals of note ban. What demonetisation has achieved is increased financial inclusion and cashless transactions. But at what cost?

Survey says 50 per cent of respondents knew someone whose job was terminated due to demonetisation, while only 20 per cent believed the common man would benefit from the move.

There are still piles of demonetised Rs 500 and 1000 notes in the country with many powerful politicians. The Bangalore police has captured huge piles of demonetised Rs 500 and 1000 notes at the office and residence of a former corporator while conducting searches at his premises in a kidnapping case.

All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month.

Shrugging off the impact of the recent demonetisation measure, India's services sector rebounded in February following continuous decline since the November demonetisation measure, revealed key macro-economic data.

To provide a push to the digital payments post note ban, RBI asked banks to organise special camps from April 1 to educate public. The Central bank asked banks to educate about digital payments through UPI and 99# (USSD) code platforms.