Demonetisation

In a surprise move, the Central government has demonetised Rs 500 and Rs 1,000 currency notes. The move is aimed at fighting black money. Ever since the policy came into effect, people have queued up outside ATMs and banks to withdraw notes or exchange old currencies. The opposition has slammed the government with Trinamool's Mamata Banerjee calling for a rollback. Demonetisation has led to a logjam in Parliament. Demonetisation is a radical monetary step in which a currency unit’s status as a legal tender is declared invalid. This is usually done whenever there is a change of national currency, replacing the old unit with a new one. In India, it was first implemented in 1946 when the Reserve Bank of India demonetised the then circulated Rs 1,000 and Rs 10,000 notes.
Result: 1- 8 out of 838 Article found

DRI seizes Rs 49 cr in demonetised currency notes

Section 5 of the Act bars any person from knowingly or voluntarily, holding, transferring or receiving any specified bank note after the expiry of the grace period.

Things stabilising in tourism sector after Demonetisation, GST: IITM

Indian tourists travelling to foreign destinations are choosing more “offbeat” destinations like Maldives and Mauritius and not “regular destinations” such as Thailand and Singapore.

Arun Jaitley, Arun Jaitley on loan waiver for capitalists, bad loan, loan defaulters, National Company Law Tribunal, NPA defaulters

UP civic election results reaffirm people’s support for note ban, GST: Arun Jaitley

“GST has made doing business and trade very easy. The market size for every trader has grown. Now the whole country is his market,” Arun Jaitley said.

Ready to pay 'political price' for steps taken by my govt for people's benefit: PM Modi

Ready to pay ‘political price’ for steps taken by my govt: PM Modi

“I am aware of the political price I will have to pay for the steps taken by the government but I am ready for it,” says Prime Minister Modi.

I-T notices to 1.16 lakh for cash deposit of over Rs 25 lakh 

I-T notices to 1.16 lakh for cash deposit of over Rs 25 lakh 

The tax department has combed as many as 18 lakh people who had deposited junked 500 and 1000 rupee currency notes of over Rs 2.5 lakh each post demonetisation.

No proof required: Making RBI accountable

The first year of operation of the Monetary Policy Committee has imposed considerable costs on the economy with very few benefits. What explains its decisions?

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Demonetisation helped in curbing stone-pelting in J-K: DGP

The DGP also said that initiatives such as demonetisation and the Goods and Services Tax (GST) were bold moves in a country like India.

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NDA govt delayed winter session to avoid discussion on GST, Rafale deal: Asaduddin Owaisi

Asaduddin Owaisi said he would like to ask the Congress and the BJP “whether Muslims are forward than Patels in Gujarat, Jats in Rajasthan and Gujjars in Rajasthan”.

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Demonetisation turned people into beggars, says Shiv Sena

“Those who feel the current regime is divine dispensation should stop insulting god. Citizens are god and they have become beggars because of the demonetisation decision.”

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No politics, please

On the auspicious occasion of Black Money Day, only liars and corrupt people are upset. All that Modi does is for the good of the nation.

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Demonetisation not an appropriate response to blackmoney: Manmohan Singh

Manmohan Singh said demonetisation had caused a lot of distress to farmers, small industrialists and many people died while standing in queues in front of banks to get cash because of the ban of Rs 500 and Rs 1,000 currency notes last year.

At UDF rally in Kochi, Manmohan Singh castigates Modi government, terms demonetisation a 'historic blunder'

At UDF rally in Kochi, Manmohan Singh castigates Modi govt, calls demonetisation ‘historic blunder’

“At least 100 people died standing in queues outside the banks. The withdrawal of 86 per cent of currency imposed severe hardships on India’s farmers and small industries and traders. Demonetisation turned out to be a historic blunder,” said Manmohan Singh.

BJP has continued to win elections even after demonetisation: Gujarat CM Rupani

BJP has continued to win elections even after demonetisation: Gujarat CM Rupani

Despite demonetisation, Bharatiya Janata Party (BJP) has continued to win elections across the country which includes the party pocketing 80 per cent on the 10000 gram panchayat seats in Gujarat, said chief minister Vijay Rupani on Friday. “I clearly remember that elections for the gram panchayats were held immediately after demonetisation. The polls were held […]

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Cash Crunch: Measuring the impact of notebandi on domestic agricultural markets

First-ever comprehensive study pegs produce trade losses in mandis from demonetisation at 7-15%.

Yashwant Sinha on Moody's India rating 

Demonetisation has caused a loss of Rs 3.75 lakh crore, economy standing on one leg: Yashwant Sinha

‘A message is going across the world that India is a nation of thieves; we all are involved in illegal activities; there is nobody honest here,’ former finance minister Yashwant Sinha said