Bhubaneswar: Small traders and common people were facing severe hardship after demonetisation of Rs 500 and Rs 1,000 notes even though ATMs opened on Friday after a two-day closure. Long queues were witnessed at banks and ATMs as people rushed to get new bank notes. However, they faced difficulties in withdrawing money at hundreds of […]
New Delhi: The government Friday indicated that printing of Rs 2,000 bank notes, introduced post-demonetisation in November 2016, has been stopped for now as there is enough stock in circulation. In a tweet, Economic Affairs Secretary Subhash Chandra Garg said printing of notes is planned as per the projected requirement. “We have more than adequate […]
Sagar:Congress president Rahul Gandhi Friday termed demonetisation as the biggest scam in the history of independent India, adding it would be proved that Prime Minister Narendra Modi had “robbed the poor of their hard-earned money and given it away to a few rich”. Addressing a campaign rally for the November 28 Madhya Pradesh Assembly polls, […]
New Delhi: An aggressive Rahul Gandhi today launched a two-pronged offensive against Prime Minister Narendra Modi on demonetisation and Rafale deal, terming them as huge scams which were committed to help his “crony capitalist friends”. In a no-holds-barred attack on Modi, the Congress President alleged that the noteban “scam” was deliberately inflicted on common people […]
Washington: External Affairs Minister Sushma Swaraj has ruled out any new window of opportunity for NRIs or people of Indian-origin to deposit their high value Indian currency which was declared illegal after the demonetisation policy, a statement said today. Swaraj made these remarks during her interaction with a delegation of Global Organisation for People of […]
New Delhi: The Reserve Bank of India (RBI) is not using ‘counting machines’ for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using “sophisticated Currency Verification and Processing (CVPS) machines for checking the […]
New Delhi: It was the duty of every government department concerned with demonetisation to spell out all relevant facts and reasons behind the radical move, the Central Information Commission has observed. In what could be the first comments of the transparency panel on the lack of information about the notes ban decision, Information Commissioner Sridhar […]
New Delhi: Reserve Bank of India (RBI) Governor Urjit Patel’s appearance before a parliamentary panel for a second briefing on demonetisation has been put off from May 25 to June 8, as work on framing the monetary policy would be underway at that time. The Standing Committee on Finance, which had questioned Patel on January […]
New Delhi: Over 2,000 fresh accounts were opened in a Bareilly branch of State Bank of India post- demonetisation till December 31 to allegedly channelise black money in which at least Rs 8 crore were deposited in old notes, a CBI probe has found. The CBI has now registered an FIR against unknown bank officials […]
New Delhi: Finance Minister Arun Jaitley today termed the BJP’s big win in state polls as people’s endorsement of demonetisation and asserted that it was seen as pro-poor, reformist and the sole defender of the nationalist constituency in the country. He also slammed the Congress for its “historic” blunders including opposing demonetisation and identifying with […]
Kendrapara : While scrapped currency notes are nothing but pieces of paper for one and all, it is priceless treasure for a 50-year-old collector in Kendrapara Town of Odisha. Mohammad Mustaque, a legal practitioner, has converted his house into a miniature museum of notes. He has preserved currencies right from Rs 1000 denomination, demonetised in […]
Berhampur: Weavers in ‘silk city’ Berhampur are feeling the heat of demonetisation, with number of orders dwindling despite it being the marriage season, as cooperatives are unable to pay these artisans, apparently due to cap on the withdrawal limit. “The sale of Berhampuri patta has come down by 60 per cent while the cooperative societies […]
Sambalpur: The Paschim Odisha Krushak Sangathan Samanway Samiti (POKSSS) has threatened to launch stir over cash crunch following the demonetisation drive. “Farmers have money in their bank accounts. But, they are unable to withdraw the money because of scarcity of cash in banks. Farmers require cash for labour payment, transportation of paddy to market yards and […]
Bhubaneswar: Charging the Odisha government of creating confusion among the public over demonetisation scheme, Union Oil Minister Dharmendra Pradhan today said more currency notes of Rs 500 will reach market here tomorrow. “I wonder how the state government is creating confusion among the people over the demonetisation issue. There are about 20,000 outlets of SBI […]
Bhubaneswar: With the members of both the Opposition and treasury bench expressing concern in the Assembly over the difficulties faced by the people due to demonetisation, the Odisha government today said there was “acute shortage” of Rs 100 and Rs 500 currency notes in the state. “There is acute shortage of Rs 100 and Rs […]
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