High Value Currency Ban
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50 Lakh Lost Jobs Over 2 Years, Trend Began Just After Notes Ban: Report
Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...
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15 Months Post Note Ban, RBI Still Processing Returned Notes
The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high value currency 15 months ago, are still being "processed for their arithmetical accuracy and genuineness"
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'Fought And Won Decisive Battle,' Says PM Modi On Notes Ban: 10 Points
Prime Minister Narendra Modi tweeted a seven-minute film early on Wednesday morning that he said encapsulates "the benefits of demonetisation," also stating that "125 crore Indians fought a decisive battle and WON." A year ago today, the Prime Minister had suddenly banned high value notes yanking 86 per cent of the currency in circulation at the ti...
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Did Notes Ban Choke Black Money, Terror, Fake Currency? One Year Later, A Fact Check
In his speech on November 8 last year, announcing the ban on high value currency, Prime Minister Narendra Modi set out the reasons for the dramatic move - striking a blow against black money, terrorism and fake currency.
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RBI Revelations On Notes Ban Point To Big Scam: Mamata Banerjee
Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.
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Parliamentary Panel Likely To Finalise Report On Note Ban Tomorrow
The parliamentary panel on finance is likely to finalise its report on demonetisation of high value currency notes tomorrow, sources said.
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91 Lakh New Taxpayers Since Notes Ban, Says Government
Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...
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Income Tax Department Seizes Rs 600 Crore In Cash, Valuables Post Note Ban
The Income Tax Department has seized cash and valuables totalling Rs 600 crore in search and survey operations post demonetisation of high value currency notes of Rs 500 and Rs 1000. Based on intelligence reports, the department carried out searches and surveys in over 1,100 cases during the two-month period ending January 10 leading to seizure of ...
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Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
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Over 4,172 Crores Of Undisclosed Income Detected Till Now, 105 Crores In New Notes
Over Rs 4,172 crore of undisclosed income has been detected while new notes worth Rs 105 crore have been seized by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government.
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Notes Ban A 'Modi-Made Disaster', Says Rahul Gandhi A Day After Meeting PM
A day after he met Prime Minister, Congress Vice President Rahul Gandhi again hit out at the latter for the demonetisation of high value currency notes.
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$184 Billion, 80 Per Cent Of Total Old Notes, Back In Banks, Says RBI
Banks have received 12.44 lakh crores or $184.24 billion in old 500 and 1,000-rupee notes till December 10, since the currency ban, the Reserve Bank of India said today. It also said that banks have so far issued 4.61 lakh crores in new currency to people over the counter and through ATMs. Prime Minister Narendra Modi had on November 8 announced th...
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Issued Rs. 4.27 Lakh Crore Notes Post Notes Ban: Reserve Bank Of India
RBI on Thursday said that currency notes worth over Rs 4.27 lakh crore have been issued to public through banks and ATMs following the demonetisation of old high value bills.
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India Will Shine Like Gold After Demonetisation Fire: PM Narendra Modi
Prime Minister Narendra Modi on Sunday said he was confident that India would shine like gold after the government's decision to demonetise high value currency notes that would curb unaccounted wealth in the country.
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Demonetisation Hits NRI Weddings, Travel Plans
Indians living in the UAE are mourning the demonetisation of high value currency by the Indian government, which has hit their families back home, ruining many NRI weddings, travel and house construction plans, a media report said.
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50 Lakh Lost Jobs Over 2 Years, Trend Began Just After Notes Ban: Report
Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...
-
15 Months Post Note Ban, RBI Still Processing Returned Notes
The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high value currency 15 months ago, are still being "processed for their arithmetical accuracy and genuineness"
-
'Fought And Won Decisive Battle,' Says PM Modi On Notes Ban: 10 Points
Prime Minister Narendra Modi tweeted a seven-minute film early on Wednesday morning that he said encapsulates "the benefits of demonetisation," also stating that "125 crore Indians fought a decisive battle and WON." A year ago today, the Prime Minister had suddenly banned high value notes yanking 86 per cent of the currency in circulation at the ti...
-
Did Notes Ban Choke Black Money, Terror, Fake Currency? One Year Later, A Fact Check
In his speech on November 8 last year, announcing the ban on high value currency, Prime Minister Narendra Modi set out the reasons for the dramatic move - striking a blow against black money, terrorism and fake currency.
-
RBI Revelations On Notes Ban Point To Big Scam: Mamata Banerjee
Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.
-
Parliamentary Panel Likely To Finalise Report On Note Ban Tomorrow
The parliamentary panel on finance is likely to finalise its report on demonetisation of high value currency notes tomorrow, sources said.
-
91 Lakh New Taxpayers Since Notes Ban, Says Government
Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...
-
Income Tax Department Seizes Rs 600 Crore In Cash, Valuables Post Note Ban
The Income Tax Department has seized cash and valuables totalling Rs 600 crore in search and survey operations post demonetisation of high value currency notes of Rs 500 and Rs 1000. Based on intelligence reports, the department carried out searches and surveys in over 1,100 cases during the two-month period ending January 10 leading to seizure of ...
-
Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
-
Over 4,172 Crores Of Undisclosed Income Detected Till Now, 105 Crores In New Notes
Over Rs 4,172 crore of undisclosed income has been detected while new notes worth Rs 105 crore have been seized by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government.
-
Notes Ban A 'Modi-Made Disaster', Says Rahul Gandhi A Day After Meeting PM
A day after he met Prime Minister, Congress Vice President Rahul Gandhi again hit out at the latter for the demonetisation of high value currency notes.
-
$184 Billion, 80 Per Cent Of Total Old Notes, Back In Banks, Says RBI
Banks have received 12.44 lakh crores or $184.24 billion in old 500 and 1,000-rupee notes till December 10, since the currency ban, the Reserve Bank of India said today. It also said that banks have so far issued 4.61 lakh crores in new currency to people over the counter and through ATMs. Prime Minister Narendra Modi had on November 8 announced th...
-
Issued Rs. 4.27 Lakh Crore Notes Post Notes Ban: Reserve Bank Of India
RBI on Thursday said that currency notes worth over Rs 4.27 lakh crore have been issued to public through banks and ATMs following the demonetisation of old high value bills.
-
India Will Shine Like Gold After Demonetisation Fire: PM Narendra Modi
Prime Minister Narendra Modi on Sunday said he was confident that India would shine like gold after the government's decision to demonetise high value currency notes that would curb unaccounted wealth in the country.
-
Demonetisation Hits NRI Weddings, Travel Plans
Indians living in the UAE are mourning the demonetisation of high value currency by the Indian government, which has hit their families back home, ruining many NRI weddings, travel and house construction plans, a media report said.
