Demonetisation

Demonetisation was for institutional cleansing: Niti Aayog's Bibek Debroy

Thu, 11/09/2017 - 11:38

New Delhi, Nov 9, NITI Ayog member Bibek Debroy admits that demonetisation was a temporary shock on growth but asserts that the economy has now climbed back. One year into the disruptive note ban, Prime Minister Narendra Modi's economic policy adviser says the worst is over and there are signs that things are improving now.

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Demonetisation may increase economic inequalities: Manmohan Singh

Mon, 11/06/2017 - 20:34

New Delhi, Nov 6, Former Prime Minister Manmohan Singh has called demonetisation a "catastrophic economic policy" that may aggravate inequalities and prove to be a "far greater social malaise" in a diverse country like India, and asked Prime Minister Narendra Modi to accept the "blunder" and work towards a consensus to rebuild the economy.

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Was demonetisation pain worth it, asks common man

Sun, 11/05/2017 - 11:36

New Delhi/Hyderabad/Bengaluru/Kolkata, Nov 5, Large companies and bankers, employees and customers, as well as small and medium enterprises have all vented their anger at the demonetisation announced by the government on November 8 last year.

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Demonetisation picture to be clearer towards 2017-18 end: Chief Statistician

Wed, 06/14/2017 - 12:06

New Delhi, June 14, While the jury is still out on whether last year's demonetisation has harmed the Indian economy, the government's Chief Statistician maintains that the picture will become clear in the current fiscal only after data from the government and company accounts come in.

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Post demonetisation corruption, terrorism flourishing: Yechury

Tue, 05/09/2017 - 12:24

New Delhi, May 9, CPI-M General Secretary Sitaram Yechury on Tuesday hit out at Prime Minister Narendra Modi over demonetisation saying corruption, black money and terrorism which he sought to end with the note ban, were flourishing post the economic move.

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584% jump in digital transactions since demonetisation

Thu, 03/30/2017 - 23:40

New Delhi, March 30, There has been an increase of 584 per cent in digital transactions done through the Unified Payments Interface (UPI) since demonetisation in November last year, said an official release on Thursday.

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SC notice to Centre, RBI over cash deposit deadline

Mon, 03/06/2017 - 21:20

New Delhi, March 6 (IANS) The Supreme Court on Monday issued notice to the central government and the RBI on a batch of PILs alleging that people are not being allowed to deposit old Rs 1,000 and Rs 500 notes till March 31, as promised by the government.

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Explain money deposits post demonetisation: EC to BSP

Thu, 03/02/2017 - 23:52

New Delhi, March 2 (IANS) Acting on a plea alleging that the Bahujan Samaj Party (BSP)deposited huge amounts of cash in its accounts post demonetisation, the Election Commission (EC) on Thursday sought response from the party.

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Demonetisation, a right decision at right time: PM Modi

Tue, 02/07/2017 - 13:46

New Delhi, Feb 7 (IANS) Prime Minister Narendra Modi on Tuesday strongly defended his government's decision to ban high value currency notes, saying it was the right step taken at the right time to rid the Indian economy of tax evasion and black money.

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Black money holders also hit by note-ban: Economic Survey

Tue, 01/31/2017 - 23:52

New Delhi, Jan 31 (IANS) Examining the government's recent demonetisation measure to combat black money, the Economic Survey for 2017 presented on Tuesday said though India's lower middle class and rural population may have been the worst hit by move, black money holders also suffered in the process.

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