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.
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Moonwatcher’s logic

Linking demonetisation with job losses is simplistic and naive.

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Kamal Haasan apologises for supporting demonetisation

Kamal Haasan wrote that the sign of a good leader is one who accepts they committed a mistake. “If the PM accepts his mistake without being adamant, then one more salaam is waiting for him from me…”

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Ignore the Cassandras

The dip in India’s economic growth is a temporary blip. There is no scope for gloom.

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The big shift: Where sex workers save, for homes and families

Bank for sex workers, by sex workers, brings change to 30,000 lives in Bengal.

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Beyond The News: What rising imports at a time of declining manufacturing indicate

Data sets read together suggest demonetisation broke domestic supply chains, and disruption caused by GST compounded problems; meanwhile, with remonetisation, demand rose, and was met by imports.

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Chaos in implementation of GST, need to simplify it: Punjab FM Manpreet Badal

The economy of the country is not in a position to bear “shocks” like demonetisation and GST within a span of one year, Manpreet Badal claimed.

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Parliamentary panel report critical of demonetisation could be tabled in next session

A draft of the report was prepared and circulated in previous tenure of the panel, but now the committee has been reconstituted so it will again be circulated, a member of the panel said on condition of anonymity.

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Gujarat takes to Rahul Gandhi warmly on his yatra: Will it translate into votes?

The audience consisting mostly of young boys and girls, heard Rahul Gandhi in rapt attention and responded to his rhetorical questions in a chorus. And, Gandhi interacted with them and proclaimed that “There is an undercurrent against Modi, Amit Shah and the BJP here in Gujarat.”

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PM Narendra Modi faces criticism as India loses ‘fastest-growing major economy’ tag

For the first time in his three-and-a-half year rule, PM Narendra Modi is facing sustained discontent over his economic policies as growth slows, job losses mount and distressed farmers protest.

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On demonetisation, GST: IMF slashes India growth forecast to 6.7% for FY18

The RBI this month raised its inflation target to 4.2-4.6 per cent for the second half of this fiscal from 4-4.5 per cent announced earlier

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IMF lowers India’s growth forecast over demonetisation, GST

“In India, growth momentum slowed, reflecting the lingering impact of the authorities’ currency exchange initiative as well as uncertainty related to the midyear introduction of the country-wide Goods and Services Tax,” the IMF said.

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Festive rush brings cheer for carmakers in September

Two-wheeler sales in September grew 9.05 per cent to 20,41,024 units compared with 18,71,621 in the year-ago month. Motorcycle sales were up 6.98 per cent to 12,69,612 units against 11,86,759 units in September 2016.

Rahul Gandhi in Gujarat, DAY 1: GST, note ban, Jay Shah case; Congress vice-president raised it all

Rahul Gandhi in Gujarat: “You cannot run this country by cruelty; compassion (Karuna) is the key. If you don’t listen to people in a country like India, you will hurt them; government must hear.”

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Demonetisation led to sharp reduction in terror activities, says Arun Jaitley

The Union minister was defending the government’s initiatives like demonetisation, GST and ‘Swachh Bharat’ which has been widely panned by the critics for not resulting in any changes on the ground.

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Deposits during demonetisation: 5,800 shell companies under government lens

A source close to the development told that some companies had more than 100 accounts and they deposited and withdrew money during demonetisation till they were struck off.