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Thursday, May 19, 2022

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.

DEMONETISATION NEWS

Delhi Confidential: Amit Shah's peacock tale reveals PM Narendra Modi's 'sensitive' side 

May 12, 2022 7:05 am

Home Minister Amit Shah, who has known Prime Minister Narendra Modi for decades, on Wednesday revealed many facets of his personality during an event to launch a book on the PM's political journey.

Jana Gana Mana is an out-and-out thriller: Dijo Jose Antony

April 27, 2022 4:14 pm

Director Dijo Jose Antony talks about his new movie Jana Gana Mana, the politics of the film and his future plans. Jana Gana Mana will hit screens on April 28.

On inflation, RBI has been behind the curve

April 27, 2022 10:48 pm

Ishan Bakshi writes: It has erred on forecasts. MPC members must make public their individual projections.

Five years since demonetisation: Why hasn't corruption ended, asks Priyanka Gandhi

November 08, 2021 2:03 pm

As of October 8, 2021, currency with the public stood at a record high of Rs 28.30 lakh crore — up 57.48 per cent from a level of Rs 17.97 lakh crore on November 4, 2016.

ED files chargesheet against Hyderabad jewellers, CAs for depositing demonetised notes

June 01, 2021 3:36 pm

The ED chargesheet states that the jewellers forged 6,000 gold sale invoices and cash receipts in the names of fictitious customers to show gold purchases from 8 PM to midnight of November 8, 2016.

Manmohan Singh: Unemployment high in India due to govt's 'ill considered demonetisation decision'

March 02, 2021 5:54 pm

Former Prime Minister Manmohan Singh said temporary measures by the Government of India and the Reserve Bank to paper over the credit problem cannot blind us to the looming credit crisis ahead that could affect the small and medium sector.

Experts: Demonetisation, lockdown reduced female participation rate at work

December 20, 2020 8:18 am

As per the ‘Consumer Pyramid Household Survey’ conducted by CMIE, in 2019-20, urban female employment rate remained at 7.34 per cent as compared to the 63.68 per cent among male.

Celebrating demonetisation akin to cutting cakes on victims' graves: Shiv Sena

November 10, 2020 11:40 am

The Sena also said that the BJP raised issues like the construction of Ram temple and death of Bollywood actor Sushant Singh Rajput in the Bihar Assembly polls, but they failed to click with the people.

The train of structural reforms set in motion on Nov 8, 2016, has led to formalisation of economy

November 09, 2020 9:40 am

Demonetisation played an important role in stirring a debate about the entrenched informality in the economy — what to do about it and how.

Four years since demonetisation: Cash in system steadily rising, at all-time high

November 09, 2020 6:57 am

After Rs 500 and Rs 1,000 notes were withdrawn from the system in November 2016, currency with the public, which stood at Rs 17.97 lakh crore on November 4, 2016, declined to Rs 7.8 lakh crore in January 2017 soon after demonetisation.

DEMONETISATION VIDEOS

‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

June 22, 2020 6:07 pm

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

The Agrarian Unrest Part 1: This could be the Narendra Modi government’s biggest problem

June 22, 2020 6:09 pm

Thousands of farmers from across the country have taken to the streets. ‘Dilli chalo’ is their slogan. What do they want? And is agrarian distress this government’s biggest problem? Harish Damodaran explains.

Why a leader is aligning with someone is more important that who aligns with who; Mamata Banerjee has a major role: Amit Mitra, Bengal Finance Minister

June 22, 2020 6:10 pm

Bengal FM Amit Mitra talks about demonetisation, the problems with GST, failing Centre-state relations, the need for protecting and building institutions such as the RBI and CBI, investments in the state, and what the BJP “doesn’t get about Bengal".

Express Eye for Detail Ep 12: Two years of demonetisation, the Diwali mess and Faizabad renamed as Ayodhya

June 22, 2020 6:11 pm

Two years on, The Indian Express learns that RBI did not approve of demonetisation and more about the week’s top stories in Express Eye for Detail episode 12.

How demonetisation and GST hit MSMEs: News in Numbers

June 22, 2020 6:11 pm

Two years on, we look at how demonetisation (and GST) had an adverse impact on micro, small and medium enterprises or MSMEs. Here are some of the concerns that MSMEs are dealing with.

Demonetisation, a success? Is it still a question: News in Numbers

June 22, 2020 6:17 pm

The shortage of cash, decline in GDP, loss to small businesses and daily-wage workers - was it all worth it if most of the demonetised money is back in the system?

Rahul Gandhi Has A New Avatar!

June 22, 2020 6:30 pm

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