Accusing the BJP of trying to divide people of Bengal along communal lines, Mamata Banerjee said Hindus do not need to listen to BJP's lecture on Hinduism.
Specific bank notes are being processed for their arithmetical accuracy and genuineness and the reconciliation for the same is ongoing. This information can, therefore, be shared on completion of the process and reconciliation, the RBI said.
It also cautioned eligible trusts, political parties and associations to file their income tax returns by this final deadline and "come clean".
I-T raided 130 premises of the business houses in Chennai, Hyderabad, Thrissur and locations in Kerala, Karnataka, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Delhi and West Bengal, sources said.
India is estimated to have grown at 6.7 per cent in 2017, according to the 2018 Global Economics Prospect released by the World Bank in Washington on Tuesday.
Naidu also said while some people have criticised demonetisation, the move taken on November 8, 2016, has ensured that all the undisclosed cash in the country comes back to the banks.
The NDA government had on November 8 last year announced that currency notes of Rs 500 and Rs 1,000 would no longer be considered legal tender.
High currency notes of Rs 2,463 billion may have been printed by the RBI but not supplied in the market, said the report authored by SBI’s group chief economic adviser.
Minister of State for Home Hansraj Ahir said note ban, which was aimed at curbing black money and terrorism, was successful in hurting violent elements domestically.
The government was asked whether Indian economy was stagnant due to demonetisation, which was announced in November last year.
MoS for Finance Pon Radhakrishnan said the I-T department conducted searches on around 900 groups between Nov 2016 and March this year, wherein assets worth over Rs 900 crore were seized and undisclosed income of Rs 7,961 crore was admitted.
William Murray said the demonetisation did cause some temporary disruptions in economic activity, primarily, private consumption and small businesses due to cash shortages.
People with unexplained credits and investments reflecting on their I-T returns could earlier get away by offering higher tax on the amount.
He welcomed the 6.3 per cent growth rate in the July-September quarter but cautioned that it was too early to conclude that the economy has recovered.
The I-T department has combed as many as 18 lakh people who deposited junked Rs 500 and Rs 1000 notes of over Rs. 2.5 lakh each post notes ban.
Congress Vice President Rahul Gandhi on Saturday said that demonetisation was a "magical" scheme by Prime Minister Narendra Modi that turned all the black money into white.
Finance Secretary Hasmukh Adhia said that people had lot of cash stashed away in the houses, demonetisation has brought those hidden cash in the main banking channel.
Reports citing a top CAIT official had claimed that the government could be considering the withdrawal of bank cheque book facility to boost digital transactions.
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