Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Wednesday said the Union Budget 2017-18 is “a mixed bag” and falls “short of expectations” on many issues as not much has been done to address the adverse impact of demonetisation. “People at large took the brunt of impact of demonetisation and I was expecting something spectacular for […]
Bhubaneswar: It seems demonetisation has failed to dampen the New Year spirit as hotels in Bhubaneswar have lined up numerous events to welcome 2017 with great fanfare. There are celebrity nights, musical concerts and parties for the party hoppers. Many Bollywood singers and popular DJs will perform in the capital city during the New Year […]
Bhubaneswar: The Odisha government on Wednesday demanded more small denomination notes of Rs 500 and Rs 100 to ease the troubles of people in rural areas of the state. “The situation in urban areas has improved to some extent. However, the problem still persists in rural areas. We have asked the central team and RBI […]
Bhubaneswar: There was no let-up in the rush for withdrawing money and exchanging demonetised notes in several cities of Odisha, as serpentine queues in front of banks and ATMs were a common sight even on Sunday. Anxious people formed queues at banks to exchange and deposit their demonetised Rs 500 and Rs 1,000 notes and […]
Bhubaneswar: There was no let-up in the rush for withdrawing money and exchanging demonetised notes in several cities of Odisha, as serpentine queues in front of banks and ATMs were a common sight even on Sunday. Anxious people formed queues at banks to exchange and deposit their demonetised Rs 500 and Rs 1,000 notes and […]
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 […]
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