Opposition Attack Demonetisation

The Opposition on Sunday attacked the Modi government over demonetisation, with former Congress chief Rahul Gandhi saying the only "unfortunate success" of the 2016 move was the "torpedoing" of India's economy.

The sudden move to ban high-value currency notes in 2016 was not a "jhatka" (shock) as people with black money were warned a year earlier, Prime Minister Narendra Modi said in an interview to news agency ANI on Tuesday, defending demonetisation.

Finance Minister Arun Jaitley today lashed out at critics of demonetisation, dubbing them "prophets of doom" hours after former prime minister Manmohan Singh's scathing takedown of the move he said had left scars and wounds that were getting more visible with time. Attacked by the opposition on the second anniversary of the notes ban, Mr Jaitley sa...

On second anniversary of demonetisation, Finance Minister Arun Jaitley says aim not to confiscate cash but to get it into formal economy even as the opposition is leaving no stone unturned to keep the pressure on the government on the note ban.

As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.

Arun Jaitley today used the Congress's own words to attack the rival party, saying its opposition to demonetisation was a "monumental blunder." The notes ban was "ethically the right choice," said the Finance Minister, who was on a brief stopover in Varanasi, the hub of political activity as Uttar Pradesh votes for 89 seats in its last two rounds o...

Prime Minister Narendra Modi today criticised BSP chief Mayawati's opposition to demonetisation, saying that her party, BSP is no longer Bahujan Samaj Party but 'Behenji Sampatti Party'. At an election rally in Orai region of Jalaun in Bundelkhand region, the Prime Minister said those who deposit wealth for themselves can never solve the problems o...

Prime Minister Narendra Modi today took a broad swipe at the opposition for their stinging criticism of the last November's ban of high-value notes in parliament, at times digging into history to try to blunt the Left's and Congress' attacks on demonetisation. But it was Modi's jab aimed at former Prime Minister Manmohan Singh that angered Congress...

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...

Senior BJP leader and Union Minister M Venkaiah Naidu has dismissed the Congress-led meet of eight parties against demonetisation, as a "fake attempt for unity" and said it would never succeed.

Congress vice president Rahul Gandhi and West Bengal Chief Minister Mamata Banerjee share the stage today as they take their parties' joint attack on the Modi government over the notes ban outside parliament. The Congress had invited all opposition parties for the joint press conference today, but several major parties have turned it down.

After days of paralysis, the Lok Sabha today transacted some business as Supplementary Demand for Grants was passed amid ruckus created by some Opposition parties which continued to attack the government over demonetisation issue.

Prime Minister Narendra Modi marked one month of his notes ban with a series of tweets thanking people for participating in what he called "the yagna against corruption, terrorism and black money." He also reiterated that "short term pain will pave the way for long term gains." PM Modi had banned 500 and 1000 rupee notes on November 8 as the next m...

The Rajya Sabha was adjourned early again on Thursday as neither an aggressive opposition nor the government has budged an inch in the standoff over the notes ban, which is one month old today. Prime Minister Narendra Modi had announced the notes ban on November 8 and the opposition has attacked the government since alleging that poor implementatio...

Finance Minister Arun Jaitley has said that the "transitory pain" of demonetisation is regrettable but the move will lead to a cleaner economy and better GDP growth in the long run as banks will have more funds to lend.

The Opposition on Sunday attacked the Modi government over demonetisation, with former Congress chief Rahul Gandhi saying the only "unfortunate success" of the 2016 move was the "torpedoing" of India's economy.

The sudden move to ban high-value currency notes in 2016 was not a "jhatka" (shock) as people with black money were warned a year earlier, Prime Minister Narendra Modi said in an interview to news agency ANI on Tuesday, defending demonetisation.

Finance Minister Arun Jaitley today lashed out at critics of demonetisation, dubbing them "prophets of doom" hours after former prime minister Manmohan Singh's scathing takedown of the move he said had left scars and wounds that were getting more visible with time. Attacked by the opposition on the second anniversary of the notes ban, Mr Jaitley sa...

On second anniversary of demonetisation, Finance Minister Arun Jaitley says aim not to confiscate cash but to get it into formal economy even as the opposition is leaving no stone unturned to keep the pressure on the government on the note ban.

As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.

Arun Jaitley today used the Congress's own words to attack the rival party, saying its opposition to demonetisation was a "monumental blunder." The notes ban was "ethically the right choice," said the Finance Minister, who was on a brief stopover in Varanasi, the hub of political activity as Uttar Pradesh votes for 89 seats in its last two rounds o...

Prime Minister Narendra Modi today criticised BSP chief Mayawati's opposition to demonetisation, saying that her party, BSP is no longer Bahujan Samaj Party but 'Behenji Sampatti Party'. At an election rally in Orai region of Jalaun in Bundelkhand region, the Prime Minister said those who deposit wealth for themselves can never solve the problems o...

Prime Minister Narendra Modi today took a broad swipe at the opposition for their stinging criticism of the last November's ban of high-value notes in parliament, at times digging into history to try to blunt the Left's and Congress' attacks on demonetisation. But it was Modi's jab aimed at former Prime Minister Manmohan Singh that angered Congress...

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...

Senior BJP leader and Union Minister M Venkaiah Naidu has dismissed the Congress-led meet of eight parties against demonetisation, as a "fake attempt for unity" and said it would never succeed.

Congress vice president Rahul Gandhi and West Bengal Chief Minister Mamata Banerjee share the stage today as they take their parties' joint attack on the Modi government over the notes ban outside parliament. The Congress had invited all opposition parties for the joint press conference today, but several major parties have turned it down.

After days of paralysis, the Lok Sabha today transacted some business as Supplementary Demand for Grants was passed amid ruckus created by some Opposition parties which continued to attack the government over demonetisation issue.

Prime Minister Narendra Modi marked one month of his notes ban with a series of tweets thanking people for participating in what he called "the yagna against corruption, terrorism and black money." He also reiterated that "short term pain will pave the way for long term gains." PM Modi had banned 500 and 1000 rupee notes on November 8 as the next m...

The Rajya Sabha was adjourned early again on Thursday as neither an aggressive opposition nor the government has budged an inch in the standoff over the notes ban, which is one month old today. Prime Minister Narendra Modi had announced the notes ban on November 8 and the opposition has attacked the government since alleging that poor implementatio...

Finance Minister Arun Jaitley has said that the "transitory pain" of demonetisation is regrettable but the move will lead to a cleaner economy and better GDP growth in the long run as banks will have more funds to lend.