Bhubaneswar: The Reserve Bank of India (RBI) has directed the banks to allow customers having accounts to get pension or any social security benefit money to withdraw beyond the set limit of Rs 10,000 cash on a single day and Rs 20,000 in a week. Talking to newsmen here today, RBI General Manager Sarada Prasanna […]
Khurda: Amidst the ongoing chaos at banks to get rid of old Rs 500 and Rs 1000 notes, a depositor from Khurda was caught while trying to exchange fake currency notes. The accused has been identified as Sumit Kumar Tudu, who is said to be an engineering student and the son of Jagat Kumar Majhi, […]
New Delhi: Amid reports of gradual phasing out of Rs 2,000 notes, the government on Friday clarified that there had been no decision on the printing of the high denomination note “recently”, while hinting that their printing has been stopped as there is “more than adequate” stock in circulation. Economic Affairs Secretary Subhash Chandra Garg […]
New Delhi: Drawing the link between demonetisation and GDP numbers, former Chief Economic Advisor Arvind Subramanian has said the puzzle thrown up by the note ban has a dual aspect – whether its impact as seen in the GDP numbers reflects a resilient economy, and if the growth figures pose questions about the official data […]
Shahdol (Madhya Pradesh): Stepping up his attack on the Congress and the Gandhi family, Prime Minister Narendra Modi on Friday said the Gandhis are crying even two years after demonetisation as they have “lost” ill-gotten money. “These days people are discussing development. People are discussing how in 55 years the four generations of a family could […]
New Delhi: Taking a jibe at Prime Minister Narendra Modi for his comment that demonetisation led to crackdown on shell firms, Congress President Rahul Gandhi on Monday said it takes a “thief to know a thief”. Gandhi’s remarks came after Modi targeted the Congress for criticising demonetisation, saying the move had let to closure of […]
Bilaspur (Chhattisgarh): Hitting back at Rahul Gandhi who questioned him on demonetisation, Prime Minister Narendra Modi on Monday said that the Congress President and his mother Sonia Gandhi were out on bail but issuing “honesty certificates” to others. “The mother-son duo who are out on bail are giving me a certificate and asking from me […]
New Delhi: Hundreds of Delhi Congress workers marched to the Reserve Bank of India office here on Friday on the occasion of the second anniversary of demonetisation, denouncing the great note-change exercise as “ill-fated” and “destructive” to the economy and the people of the country. Addressing party workers, Congress leader Ajay Maken said that Prime […]
New Delhi: Attacking Narendra Modi on the second anniversary of demonetisation, Congress President Rahul Gandhi on Thursday called the note ban a “cruel conspiracy” and a “scam”. “Note ban was a planned and cruel conspiracy. This scam was a scheme to launder black money of the Prime Minister’s cronies,” Gandhi tweeted in Hindi. “There was […]
New Delhi: The opposition on Thursday attacked the Narendra Modi government for unleashing “destruction” on every citizen of India with its 2016 demonetisation move that only helped the Prime Minister’s cronies. On the second anniversary of the ban on Rs 500 and Rs 1,000 currency notes, the Congress called it a “black day” for the […]
Kolkata: On the second anniversary of demonetisation, West Bengal Chief Minister Mamata Banerjee on Thursday slammed the central government under Prime Minister Narendra Modi for cheating the nation with the note-ban “scam”. Calling it a dark day, Banerjee tweeted: “The government cheated our nation with this big #Demonetisation scam. It ruined the economy and the […]
Mumbai: Over 99 per cent of the Rs 15.3 lakh crore taken out of circulation through demonetisation in November 2016 has returned to the Reserve Bank of India (RBI), the central bank announced on Wednesday. The RBI’s annual report 2017-18 said that on completion of the process of verification of the scrapped Rs 500 and […]
New Delhi: Making a sharp attack on the Modi government on demonetisation, former Finance Minister P. Chidambaram on Wednesday said the country paid a “huge price” for cancelling what turned out “a small sum” of Rs 13,000 crore. He said for the Rs 13,000 crore, which did not come back to the banks, the country […]
New Delhi: The inside story of the issues that made headlines during the Presidentship of Pranab Mukherjee — demonetisation, surgical strikes and others — will find mention in the fourth part of his autobiographical series, titles “The Presidential Years”. Billed as a “first of its kind” book, it will be published in December and will […]
New Delhi: Finance Minister Arun Jaitley on Tuesday said demonetisation and the Goods and Services Tax (GST) led to higher formalisation of economy resulting in higher direct tax revenue and greater number of income tax return filings. “The impact of demonetisation and GST implementation has resulted into higher formalisation of economy. This is further substantiated […]
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