The government’s overnight move to demonetise high-denomination currency notes came as a hit not only for black money hoarders, but also the common man who has been struggling to cope with the cash crunch
A 63-year-old man from south Mumbai was cheated of Rs 57.50 lakh while trying to exchange scrapped currency notes.
The Puducherry unit of Bharatiya Janata party (BJP) today said those who were hoarding black money and evading income tax alone raised the banner of revolt against the Centre' move to combat corruption and fake currency, through demonetisation.
Demonetisation is a "surgical strike" by Prime Minister Narendra Modi on black money and it has choked the funding for terrorism and crime, Defence Minister Manohar Parrikar said here on Monday.
For the third time since the government announced its decision to scrap currency notes of Rs 500 and Rs 1,000, Bihar Chief Minister Nitish Kumar on Friday once again backed Prime Minister Narendra Modi’s decision
Samajwadi Party MP Naresh Agarwal, who spoke after Manmohan Singh, provided some humour in the Rajya Sabha during debate on demonetisation.
Demonetisation will prompt weaker growth in the short term and "significantly disrupt economic activity" but can be useful in boosting tax incomes and convert into quicker fiscal consolidation, Moody's Investors Service said on Thursday.
A large part of population across the nation has favoured the government’s demonetisation policy to fight black money, according to a latest survey.
Enforcement authorities have found that corrupt bank managers are allowing backdoor note exchanges and are charging a commission while at it.
RBI on Monday imposed stiff conditions for withdrawal of up to Rs 2.5 lakh in cash from bank accounts for marriages, stating that the money can be withdrawn only from the credit balance as on November 8
Congress leader Anand Sharma on Monday accused Prime Minister Narendra Modi of not following the law in issuing new banknotes
Delhi High Court will tomorrow hear a PIL against the new Rs. 2,000 currency note that was issued after demonetisation of old notes of Rs 500 and Rs 1,000.
Banks have received Rs 5.44 lakh crore worth of old high denomination currency, Rs 33,006 crore of which was exchanged with valid notes, the Reserve Bank of India informed today.
The government is working round the clock to reduce the transportation time of cash from printing to the main distribution centres from 21 to just six days.
Modi’s demonetisation drive has hit hard the scores of women rescued from human traffickers in Goa as many of them hold no bank account, while restrictions imposed on their movement poses a challenge in getting defunct notes exchanged.
One of the immediate fall outs of the demonetisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business.
Opposition Congress and NCP today demanded the sacking of Maharashtra Cooperative Minister Subhash Deshmukh amid reports of seizure of Rs. 91 lakh from vehicle belonging to the minister.
While the common man is struggling with cash crunch following the government’s revolutionary demonetisation move, some unscrupulous elements are busy finding bizarre methods to convert their black money into ‘legal tenders’.
Calling demonetisation the "decision of the century", Minister of State in the PMO Jitendra Singh on Thursday said that it would not only streamline India's economy, but would also revolutionise the nation’s mindset
In an attempt to make the country’s two lakh ATMs attuned to deliver new currency notes to the long queues, about 12,500 ATMs are being recalibrated every day to dispatch new Rs 500 and Rs 2,000 notes.
Top News
Latest News
