Tag: Demonitisation

PM Modi Defends Demonitisation: Helped Reduce Black Money
PM Modi Defends Demonitisation: Helped Reduce Black Money

New Delhi: Even as the opposition Congress mounted an attack on the central government on the fourth anniversary of demonetisation, Prime Minister Narendra Modi defended it by saying the measure helped reduce black money. “Demonetisation helped reduce black money, increase tax compliance and formalisation and gave a boost to transparency. These outcomes have been greatly […]

State of economy deeply worrying: Manmohan Singh

New Delhi: Former Prime Minister Manmohan Singh on Sunday said the state of the economy was “deeply worrying” and urged the government to put aside “vendetta politics” and reach out to sane voices and thinking minds to steer the economy out of this “man-made crisis”. The Congress leader said “all-round mismanagement” by the Modi government […]

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IRCTC Alert: Online Ticket Prices To Cost More?

Bhubaneswar: In what could turn out to be a dampener for train passengers during upcoming festive season in the country, Indian Railway Catering and Tourism Corporation (IRCTC) is mulling to reimpose service charge on online ticket bookings from September 1. The government-run company had removed the service charge in 2016 after demonetisation to give a […]

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Op-Ed: Why I Would Not Trust ‘Swaminomics’ Anymore

Days after Prime Minister Narendra Modi announced demonetization of currency notes of Rs. 500 and Rs. 1, 000 denomination, I remember reading ‘Swaminomics’, Swaminathan S Ankleasria Aiyar’s weekly column in The Sunday Times of India, where the veteran journalist had estimated that about Rs. 3 lakh crore out of the nearly Rs. 16 lakh circulating […]

ATM cash crunch making life miserable in Odisha

Cuttack/Bolangir/Bhubaneswar: With ATMs across the country running dry, there is no respite for people in Odisha as well. Things have come to such a pass that people are comparing the situation to the demonetization days. Cash shortage at ATMs has resulted in a crisis in SCB Medical College and Hospital, Cuttack where people depend on […]

Demonetisation not one-stop solution: Jaitley

New Delhi: Finance Minister Arun Jaitley on Tuesday rejected former Prime Minister Manmohan Singh’s charge that demonetisation was “organised loot” and said there was an ethical and moral rationale behind the decision which gave a “new direction” to the economy. Defending the government’s decision to demonetise high value currency notes last year as “historic” Jaitley […]

Bank employees not yet paid for working overtime during demonitisation, threaten stir

Bhubaneswar/New Delhi: State-run bank unions have threatened to launch a nation-wide strike and even approach court if they are not paid the dues for the overtime work following the announcement of demonitisation. “If our employers will not clear the overtime dues from the time we worked long hours during the demonetisation rush, we will go […]

CVC to probe govt employees' deposits post demonetisation

Bhubaneswar/New Delhi: Deposits of scrapped currency notes made by central government employees post demonetisation will be probed by anti-corruption watchdog Central Vigilance Commission (CVC), its chief K V Chowdary said today. He said the commission has sought relevant data from income tax authorities in this regard. Prime Minister Narendra Modi had on November 8 last […]

Demonitised notes still find way into hundis of Puri temple

Puri: It seems that people have now found a way to get rid of old scrapped notes of Rs 500 and 1,000 denominations which continue to be recovered from several sacred shrines across the country. The Puri Jagannath Temple administration here is also now in a fix as the banned notes continue to be recovered […]

Congress to protest against demonetisation today

Bhubaneswar: Protesting against the failure to lift the weekly cash withdrawal limit of Rs. 24,000 even after two and half months have passed since demonetisation, Congress will stage a protest in front of regional office of Reserve Bank of India (RBI) in the capital city on Wednesday. Senior party leaders like former Union Minister and […]

CMC managed petrol pump in city has no card swipe machine!

By Rashmi Ranjan Mohanty Cuttack: Even after nearly one and half months since the announcement of demonetisation of high currency notes by Prime Minister Narendra Modi in an effort to promote cashless transaction, leave alone rural areas, cashless transaction is yet to pick up in urban areas in Odisha. One of the glaring instances is […]

People making beeline for PAN card, filing IT return in Odisha

Kendrapara: In the wake of demonetisation, there has been a steep rise in the number of applicants for PAN cards and the filing of Income Tax return in Odisha’s Kendrapara and Jagatsinghpur districts. Tax lawyers are burning the midnight oil to meet the sudden upsurge in filing of income tax returns. Some tax consultants of […]

Cong to hold ‘Jana Akrosha Rally’ protesting demonitisation

Bhubaneswar: Congress will hold ‘Jana Akrosha Rally’ across all districts and blocks in Odisha protesting against the Prime Minister Narendra Modi’s move of demonitisation on November 28, said Odisha Pradesh Congress Committee (OPCC) president Prasad Harichandan. Lambasting the demonitisation move at a press meeting at Congress Bhavan in Bhubaneswar, the OPCC president said, “How much […]

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Exchange of invalid notes: All post offices in Odisha to remain open on Sunday

Bhubaneswar: Keeping the desperation of the people in the exchange of old Rs 500 and Rs 1000 currency notes which have been declared invalid by the Centre recently, the Department of Post, Government of India, has decided to keep post offices in all states including Odisha open on Sunday. As informed by the Postmaster General […]