Demonitisation
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Cash With Public At Record High Of Rs 30.88 Lakh Crore, 6 Years After Demonetisation
Currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move.
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Demonetisation Achieved Its Objectives Quite Substantially: Government
The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives "quite substantially", even as the RBI report outlined that 99.3 per cent of junked notes came back to banks.
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P Chidambaram Slams Centre Over RBI Report On Demonetisation
Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.
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UP Man Forced To Convert Banned Notes Worth 10 Crores, Kills Self
A former sugar mill manager allegedly shot himself after being pressured by a retired IAS officer to get demonetised currency notes worth Rs 10 crore exchanged in a village in Shamli district, police said today.
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Demonetised Currency Worth Rs 1.68 Crore Seized In Thane, 3 Arrested
The Crime Branch personnel seized Rs 1.68 crore in old notes in Rs 500 and Rs 1,000 denominations from the accused
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PM Modi Turned People's Anger Into Communal Hatred: Rahul Gandhi
Congress Vice President Rahul Gandhi today accused Prime Minister Narendra Modi of "robbing" the country of its economic prowess and "damaging" India by converting people's anger due to joblessness into "communal hatred".
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Note Ban, GST, BS-IV Norms Dent Pre-Owned Car Market: Report
Over the past year, the market has been hit by significant "jolts" in the form of three major market reforms -- demonetization, BSIII/BSIV and GST,
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21,000 People Disclose Rs 4,900 Crore Black Money Under Government Scheme
Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said today.
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'Dialogue Shouldn't Be Governed By Idiocracy': Raghuram Rajan On Trolls
Former RBI Governor Raghuram Rajan had recently stated that he was never in favour of demonetisation and had warned the government about the repercussions.
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'Shame On RBI': P Chidambaram On Figures Post Notes Ban
Former finance minister P Chidambaram today used the Reserve Bank of India figures to lash out at it, saying one per cent of the demonetised notes not coming back to the central bank was a "shame on RBI".
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Consider More Time For Changing Old Notes, Says Supreme Court
The Supreme Court asked the Central government and the RBI to consider granting people, with a legitimate reason, more time to to deposit old Rs 500 and 1,000 notes.
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Sekhar Reddy, Arrested Mining Baron, Loses 30 Kilos Of Gold Bars
Mr Reddy, who owns SRS Mining and controls many sand quarries in the region of Vellore, was arrested in December. After getting bail in March, he was re-arrested and was let on bail earlier this month.
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Stock Of Rs 500, Rs 2000 Notes Was Ready Before Note Ban: RBI Governor Urjit Patel
The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.
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No Plans To Introduce Rs 21 And Rs 51 Notes: Government
The government today informed Parliament that it is not considering any proposal to introduce Rs 21 and 51 currency notes.
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CAG To Audit Impact Of Demonetisation And Its Effect On Tax Revenues
The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the effect it has had on the government's tax revenues, said CAG Shashi Kant Sharma.
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Cash With Public At Record High Of Rs 30.88 Lakh Crore, 6 Years After Demonetisation
Currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move.
-
Demonetisation Achieved Its Objectives Quite Substantially: Government
The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives "quite substantially", even as the RBI report outlined that 99.3 per cent of junked notes came back to banks.
-
P Chidambaram Slams Centre Over RBI Report On Demonetisation
Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.
-
UP Man Forced To Convert Banned Notes Worth 10 Crores, Kills Self
A former sugar mill manager allegedly shot himself after being pressured by a retired IAS officer to get demonetised currency notes worth Rs 10 crore exchanged in a village in Shamli district, police said today.
-
Demonetised Currency Worth Rs 1.68 Crore Seized In Thane, 3 Arrested
The Crime Branch personnel seized Rs 1.68 crore in old notes in Rs 500 and Rs 1,000 denominations from the accused
-
PM Modi Turned People's Anger Into Communal Hatred: Rahul Gandhi
Congress Vice President Rahul Gandhi today accused Prime Minister Narendra Modi of "robbing" the country of its economic prowess and "damaging" India by converting people's anger due to joblessness into "communal hatred".
-
Note Ban, GST, BS-IV Norms Dent Pre-Owned Car Market: Report
Over the past year, the market has been hit by significant "jolts" in the form of three major market reforms -- demonetization, BSIII/BSIV and GST,
-
21,000 People Disclose Rs 4,900 Crore Black Money Under Government Scheme
Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said today.
-
'Dialogue Shouldn't Be Governed By Idiocracy': Raghuram Rajan On Trolls
Former RBI Governor Raghuram Rajan had recently stated that he was never in favour of demonetisation and had warned the government about the repercussions.
-
'Shame On RBI': P Chidambaram On Figures Post Notes Ban
Former finance minister P Chidambaram today used the Reserve Bank of India figures to lash out at it, saying one per cent of the demonetised notes not coming back to the central bank was a "shame on RBI".
-
Consider More Time For Changing Old Notes, Says Supreme Court
The Supreme Court asked the Central government and the RBI to consider granting people, with a legitimate reason, more time to to deposit old Rs 500 and 1,000 notes.
-
Sekhar Reddy, Arrested Mining Baron, Loses 30 Kilos Of Gold Bars
Mr Reddy, who owns SRS Mining and controls many sand quarries in the region of Vellore, was arrested in December. After getting bail in March, he was re-arrested and was let on bail earlier this month.
-
Stock Of Rs 500, Rs 2000 Notes Was Ready Before Note Ban: RBI Governor Urjit Patel
The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.
-
No Plans To Introduce Rs 21 And Rs 51 Notes: Government
The government today informed Parliament that it is not considering any proposal to introduce Rs 21 and 51 currency notes.
-
CAG To Audit Impact Of Demonetisation And Its Effect On Tax Revenues
The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the effect it has had on the government's tax revenues, said CAG Shashi Kant Sharma.
