Demonetisation case: Since November 8, 2016 to till date, the note ban has been a flashpoint between the government and Opposition parties. Both sides invoked their own arguments on one of the boldest decisions of the Modi government.
Finance Minister Nirmala Sitharaman had accused then Congress government of implementing half-baked reforms where the economy was not opened in the right way but as per the strictures imposed by the IMF.
Congress leader Rahul Gandhi said in 2016, there was Rs 18 lakh crore 'cash in circulation', and now there is Rs 31 lakh crore 'cash in circulation.
Demonetisation was announced by the Centre on November 8, 2016, after which existing notes of Rs. 500 and Rs. 1000 were banned across the country.
A recent report suggests that there has been significant consolidation in the country's nine major real estate markets in the past few years on the back of financial distress, demonetisation, GST and the implementation of RERA.
In an exclusive interview to PTI ahead of the 17th general election beginning April 11, Gandhi said the 'Nyay' scheme has the twin objectives of giving money to the 20 per cent poorest families in India and remonetising the economy "damaged" by demonetisation.
In an exclusive interview to PTI ahead of the 17th general election beginning April 11, Gandhi said the 'Nyay' scheme has the twin objectives of giving money to the 20 per cent poorest families in India and remonetising the economy "damaged" by demonetisation.
Venkaiah Naidu said that the money that has come back into the banking system after demonetisation drive should be used for the welfare of the weaker sections of the society.
Indian economy is going through period of dense fog, with uncertainty of macro-economic variables by itself is likely to impede investment intentions & act as a drag on growth, causing downgrades to GDP and earnings estimates for next financial year.
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