Demonetisation Impact

The Reserve Bank of India (RBI) does not have a plan to reintroduce Rs 1,000 bank notes to ease the impact following the withdrawal of Rs 2,000 notes, RBI governor Shaktikanta Das said today, calling reports on the subject "speculative".

Rahul Gandhi, in a new video targeting Prime Minister Narendra Modi over the 2016 demonetisation, linked the move to the negative GDP shock and said the country "must unite and fight" what he called the attack on the poor, farmers and unauthorised sector.

Congress leader Rahul Gandhi led his party's attack on the BJP-led central government over the 24 per cent fall in the Gross Domestic Product - the worst in independent India's history - saying the economy's destruction began with demonetisation in 2016 and that every policy decision thereafter has been erroneous.

In a swipe at the BJP at the centre, Maharashtra Chief Minister Uddhav Thackeray on Wednesday wondered if demonetisation, which had an impact on the economy, shouldn't have found a mention in subsequent national budgets.

There is no reason to show that employment has come down, Union minister Santosh Kumar Gangwar told Lok Sabha on Monday in response to remarks that demonetisation has severely impacted jobs.

The government told the Lok Sabha on Monday that it has not assessed the impact of demonetisation and the GST on employees in the organised and unorganised sectors, including agricultural and contractual labour.

Prime Minister Narendra Modi's administration hasn't assessed the impact of one of history's most sweeping changes in currency policy. "No Madam," was the junior finance minister's reply to a lawmaker's question in parliament Dec. 14 on whether the government had studied the aftereffects of the move in November 2016 to invalidate almost all of the ...

Former Chief Economic Advisor Arvind Subramanian said the autonomy of the Reserve Bank of India must be protected because the country will benefit by having strong institutions.

The Income Tax Department has mopped up over half the kitty of the targeted direct tax revenue for this fiscal -- at more than Rs 6.63 lakh crore -- riding at a record "high growth rate of last seven years" that was also propelled by demonetisation, a latest report of the CBDT has said.

Citing strong fundamentals, Reserve Bank of India (RBI) Governor Urjit Patel told a group of lawmakers on Tuesday that the impact of demonetisation was "transient" and the economy had registered a robust credit growth of 15 per cent this fiscal, sources told NDTV. The RBI chief, seen to be at odds with the government over a range of issues includin...

RBI Governor Urjit Patel on Tuesday appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues, sources said.

The second anniversary of demonetisation triggered a full blown Twitter war between the BJP and the Opposition parties on Thursday. While the Opposition described it as a "disaster" the BJP said, it was a "stringent action against corruption". The Congress has called for a nationwide protest on Friday and the Trinamool said it will observe a 'Black...

IMF spokesperson Gerry Rice said the International Monetary Fund continues to assess the impact of demonetisation on an ongoing basis.

The finance minister said the impact of demonetization as well as implementation of GST (Goods and Services Tax) led to "higher formalisation of economy".

Chief Information Commissioner R K Mathur has directed the officials of the Prime Minister's Office, who have records related to the demonetisation decision, to present themselves before him and explain how the disclosure of the documents would impact the country's economic interests.

The Reserve Bank of India (RBI) does not have a plan to reintroduce Rs 1,000 bank notes to ease the impact following the withdrawal of Rs 2,000 notes, RBI governor Shaktikanta Das said today, calling reports on the subject "speculative".

Rahul Gandhi, in a new video targeting Prime Minister Narendra Modi over the 2016 demonetisation, linked the move to the negative GDP shock and said the country "must unite and fight" what he called the attack on the poor, farmers and unauthorised sector.

Congress leader Rahul Gandhi led his party's attack on the BJP-led central government over the 24 per cent fall in the Gross Domestic Product - the worst in independent India's history - saying the economy's destruction began with demonetisation in 2016 and that every policy decision thereafter has been erroneous.

In a swipe at the BJP at the centre, Maharashtra Chief Minister Uddhav Thackeray on Wednesday wondered if demonetisation, which had an impact on the economy, shouldn't have found a mention in subsequent national budgets.

There is no reason to show that employment has come down, Union minister Santosh Kumar Gangwar told Lok Sabha on Monday in response to remarks that demonetisation has severely impacted jobs.

The government told the Lok Sabha on Monday that it has not assessed the impact of demonetisation and the GST on employees in the organised and unorganised sectors, including agricultural and contractual labour.

Prime Minister Narendra Modi's administration hasn't assessed the impact of one of history's most sweeping changes in currency policy. "No Madam," was the junior finance minister's reply to a lawmaker's question in parliament Dec. 14 on whether the government had studied the aftereffects of the move in November 2016 to invalidate almost all of the ...

Former Chief Economic Advisor Arvind Subramanian said the autonomy of the Reserve Bank of India must be protected because the country will benefit by having strong institutions.

The Income Tax Department has mopped up over half the kitty of the targeted direct tax revenue for this fiscal -- at more than Rs 6.63 lakh crore -- riding at a record "high growth rate of last seven years" that was also propelled by demonetisation, a latest report of the CBDT has said.

Citing strong fundamentals, Reserve Bank of India (RBI) Governor Urjit Patel told a group of lawmakers on Tuesday that the impact of demonetisation was "transient" and the economy had registered a robust credit growth of 15 per cent this fiscal, sources told NDTV. The RBI chief, seen to be at odds with the government over a range of issues includin...

RBI Governor Urjit Patel on Tuesday appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues, sources said.

The second anniversary of demonetisation triggered a full blown Twitter war between the BJP and the Opposition parties on Thursday. While the Opposition described it as a "disaster" the BJP said, it was a "stringent action against corruption". The Congress has called for a nationwide protest on Friday and the Trinamool said it will observe a 'Black...

IMF spokesperson Gerry Rice said the International Monetary Fund continues to assess the impact of demonetisation on an ongoing basis.

The finance minister said the impact of demonetization as well as implementation of GST (Goods and Services Tax) led to "higher formalisation of economy".

Chief Information Commissioner R K Mathur has directed the officials of the Prime Minister's Office, who have records related to the demonetisation decision, to present themselves before him and explain how the disclosure of the documents would impact the country's economic interests.