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No Exceptions For Depositing Old Notes: Centre To Chief Justice Of India
One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.
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But PM Narendra Modi Said End-March Was Deadline For Old Notes, Says Supreme Court
The government will decide within two weeks whether those who failed to deposit banned 500- and 1,000-rupee notes can be granted an opportunity to turn in the high-denomination currency.
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Inflation Seen Cooling In January, Output Eases
Consumer price inflation has been below 4 percent since PM Modi's November 8 decision to abolish 500- and 1,000- rupee notes wiped out 86 percent of the currency in circulation, hurting demand in largely cash-based economy.
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Seva In SCAM? That's A First, Says PM Narendra Modi On Rahul Gandhi
Prime Minister Narendra Modi used a speech in parliament today to counter the opposition's concerted attack on his abrupt ban of 500- and 1,000-rupee notes. Reserving his strongest barbs for the Congress, the PM said that his government is committed to cleansing the country of corruption, which requires reversing the actions of the Congress. "Ear...
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Exclusive: What Went Down In The Hours Before PM Narendra Modi's Notes Ban Speech
Three hours before Prime Minister Narendra Modi used a television speech to announce that 500- and 1,000-rupee notes would be abolished at midnight, the board of the Reserve Bank of India had cleared the ban.
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RBI's Autonomy Compromised? Urjit Patel To Answer MPs Today
Urjit Patel, the chief of the Reserve Bank of India, will meet today with a parliamentary committee to answer questions on the central bank's role in clearing and executing the abrupt November decision to ban 500- and 1,000-rupee notes.
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When India Killed The 1,000-Rupee Note, How Paytm Hustled
Founder and Chief Executive Vijay Shekhar Sharma is pushing himself to extremes because he knows this is a pivotal moment for Paytm (which rhymes with ATM). Two months ago, with no warning, the Indian government said it was scrapping 500- and 1,000-rupee banknotes, in a stroke excising four-fifths of the nation's paper money. The move was designed ...
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Tax Figures Show Little Disruption From Cash Crackdown: Arun Jaitley
Last November, Prime Minister Narendra Modi scrapped 500- and 1,000-rupee banknotes as part of a crackdown on tax dodgers and counterfeiters, leaving companies, farmers and households all in pain.
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Read Full Text Of PM Narendra Modi's Speech On New Year's Eve
Prime Minister Narendra Modi addressed the nation on New Year's Eve on Saturday as the 50-day deadline to deposit or exchange scrapped 500- and 1,000 rupee notes came to an end.
-
Ahead Of UP Elections, Some Disquiet In BJP About Cash Crunch
There were lines at banks across the country on Friday, the last day to deposit the old 500- and 1,000-rupee notes or see them become worthless after the bills were scrapped by Prime Minister Narendra Modi in a bid to fight corruption.
-
PM Modi's Speech On Notes Ban Tomorrow, Last Day To Turn In Notes Today
The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...
-
Minimum 10,000 Fine For Possession Of More Than 10 Banned Notes: 10 Updates
An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...
-
On Notes Ban, Rahul Gandhi's 5 Questions For PM Modi. And BJP's Retort
Rahul Gandhi's list of questions for Prime Minister Narendra Modi today included how much black or untaxed money has come back into the system since November 8, when 500- and 1,000-rupee notes were banned. "50 days are coming to an end, the PM needs to answer key questions," he said, speaking to reporters on the Congress party's 132nd foundation da...
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Not Against Notes Ban, Concerned About People, Clarifies BJP Ally Chandrababu Naidu
A day after his widely reported comments on currency ban, Andhra Pradesh Chief Minister and BJP ally Chandrababu Naidu today clarified that he was not opposed to Prime Minister Narendra Modi's ban on 500- and 1,000-rupee notes, but was only expressing his concern about the "suffering of the people".
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RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
-
No Exceptions For Depositing Old Notes: Centre To Chief Justice Of India
One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.
-
But PM Narendra Modi Said End-March Was Deadline For Old Notes, Says Supreme Court
The government will decide within two weeks whether those who failed to deposit banned 500- and 1,000-rupee notes can be granted an opportunity to turn in the high-denomination currency.
-
Inflation Seen Cooling In January, Output Eases
Consumer price inflation has been below 4 percent since PM Modi's November 8 decision to abolish 500- and 1,000- rupee notes wiped out 86 percent of the currency in circulation, hurting demand in largely cash-based economy.
-
Seva In SCAM? That's A First, Says PM Narendra Modi On Rahul Gandhi
Prime Minister Narendra Modi used a speech in parliament today to counter the opposition's concerted attack on his abrupt ban of 500- and 1,000-rupee notes. Reserving his strongest barbs for the Congress, the PM said that his government is committed to cleansing the country of corruption, which requires reversing the actions of the Congress. "Ear...
-
Exclusive: What Went Down In The Hours Before PM Narendra Modi's Notes Ban Speech
Three hours before Prime Minister Narendra Modi used a television speech to announce that 500- and 1,000-rupee notes would be abolished at midnight, the board of the Reserve Bank of India had cleared the ban.
-
RBI's Autonomy Compromised? Urjit Patel To Answer MPs Today
Urjit Patel, the chief of the Reserve Bank of India, will meet today with a parliamentary committee to answer questions on the central bank's role in clearing and executing the abrupt November decision to ban 500- and 1,000-rupee notes.
-
When India Killed The 1,000-Rupee Note, How Paytm Hustled
Founder and Chief Executive Vijay Shekhar Sharma is pushing himself to extremes because he knows this is a pivotal moment for Paytm (which rhymes with ATM). Two months ago, with no warning, the Indian government said it was scrapping 500- and 1,000-rupee banknotes, in a stroke excising four-fifths of the nation's paper money. The move was designed ...
-
Tax Figures Show Little Disruption From Cash Crackdown: Arun Jaitley
Last November, Prime Minister Narendra Modi scrapped 500- and 1,000-rupee banknotes as part of a crackdown on tax dodgers and counterfeiters, leaving companies, farmers and households all in pain.
-
Read Full Text Of PM Narendra Modi's Speech On New Year's Eve
Prime Minister Narendra Modi addressed the nation on New Year's Eve on Saturday as the 50-day deadline to deposit or exchange scrapped 500- and 1,000 rupee notes came to an end.
-
Ahead Of UP Elections, Some Disquiet In BJP About Cash Crunch
There were lines at banks across the country on Friday, the last day to deposit the old 500- and 1,000-rupee notes or see them become worthless after the bills were scrapped by Prime Minister Narendra Modi in a bid to fight corruption.
-
PM Modi's Speech On Notes Ban Tomorrow, Last Day To Turn In Notes Today
The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...
-
Minimum 10,000 Fine For Possession Of More Than 10 Banned Notes: 10 Updates
An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...
-
On Notes Ban, Rahul Gandhi's 5 Questions For PM Modi. And BJP's Retort
Rahul Gandhi's list of questions for Prime Minister Narendra Modi today included how much black or untaxed money has come back into the system since November 8, when 500- and 1,000-rupee notes were banned. "50 days are coming to an end, the PM needs to answer key questions," he said, speaking to reporters on the Congress party's 132nd foundation da...
-
Not Against Notes Ban, Concerned About People, Clarifies BJP Ally Chandrababu Naidu
A day after his widely reported comments on currency ban, Andhra Pradesh Chief Minister and BJP ally Chandrababu Naidu today clarified that he was not opposed to Prime Minister Narendra Modi's ban on 500- and 1,000-rupee notes, but was only expressing his concern about the "suffering of the people".
-
RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
