Rs. 500 Note Ban

Congress's P Chidambaram stopped short of questioning the Supreme Court verdict on notes ban today, and instead, pointed out its shortcomings.

Former Prime Minister Manmohan Singh today said the economy is on a 'downhill path' because of the 'adventure' of demonetisation last year, which was not required at all, either technically or economically

Prime Minister Narendra Modi last year in a surprise move banned Rs 500 and Rs 1,000 notes to counter black money, with the high denomination notes losing their legal tender status from midnight of November 8.

New Rs 200 notes will be launched today, the Reserve Bank of India (RBI) announced today in a press release days after introducing new fluorescent blue Rs 50 banknotes. This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders. The gov...

2017 Financial Year and if anything it has been quite an eventful year for the India auto sector. Right from the ban on diesel cars in Delhi to demonetization of Rs. 500 and Rs. 1000 notes, automakers in India have faced several challenges in this fiscal year. Despite that, many of them have seen consistent growth in the market and two of the count...

Following the demonetisation disaster, the BJP government has been undertaking a propaganda war on its citizens, determined to prove that demonetisation and the currency shortage are being welcomed across the country. This is a make-believe world, inhabited by BJP politicians and spokespersons, who have no idea of life outside the Lutyens' Delhi sh...

The officials of the Income Tax department raided the homes of jewellers and sand miners in Chennai and recovered gold and Rs. 90 crore in cash. Raids have been conducted at eight places in the city, sources said.

This week, it will be a month since the Prime Minister made that dramatic November 8 demonetisation announcement. The decision to devalue Rs 1,000 and Rs 500 notes, and the execution of the process of exchanging them for new notes, has proved to be a fiasco.

Perhaps the unusual silence reflects Modi's concern over whether demonetization has proved a self-inflicted surgical strike on his own government.

A Mumbai family's income declaration of Rs 2 lakh crore has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".

There never was going to be any roll back on demonetisation. This is not a Prime Minister who is into roll backs; Narendra Modi, having a taken a stand, does not easily move from his position.

The recent civic polls and by-election results in Maharashtra and Gujarat reaffirm that the Prime Minister's support has not been dented by the cash crunch and the opposition has erred badly in reading the public mood.

Targeting only the stock of domestic unaccounted money will be incomplete as fresh generation in different sectors will take us back to the starting point in a few years.

The political class now stands divided in two distinct groups, with the government and the opposition averse to the idea of allowing a discussion unless held on specific conditions.

Demonetisation may scratch the surface of undeclared wealth and practices associated with it. But more substantively, it can forge alternative social totalities, alternative values.

Congress's P Chidambaram stopped short of questioning the Supreme Court verdict on notes ban today, and instead, pointed out its shortcomings.

Former Prime Minister Manmohan Singh today said the economy is on a 'downhill path' because of the 'adventure' of demonetisation last year, which was not required at all, either technically or economically

Prime Minister Narendra Modi last year in a surprise move banned Rs 500 and Rs 1,000 notes to counter black money, with the high denomination notes losing their legal tender status from midnight of November 8.

New Rs 200 notes will be launched today, the Reserve Bank of India (RBI) announced today in a press release days after introducing new fluorescent blue Rs 50 banknotes. This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders. The gov...

2017 Financial Year and if anything it has been quite an eventful year for the India auto sector. Right from the ban on diesel cars in Delhi to demonetization of Rs. 500 and Rs. 1000 notes, automakers in India have faced several challenges in this fiscal year. Despite that, many of them have seen consistent growth in the market and two of the count...

Following the demonetisation disaster, the BJP government has been undertaking a propaganda war on its citizens, determined to prove that demonetisation and the currency shortage are being welcomed across the country. This is a make-believe world, inhabited by BJP politicians and spokespersons, who have no idea of life outside the Lutyens' Delhi sh...

The officials of the Income Tax department raided the homes of jewellers and sand miners in Chennai and recovered gold and Rs. 90 crore in cash. Raids have been conducted at eight places in the city, sources said.

This week, it will be a month since the Prime Minister made that dramatic November 8 demonetisation announcement. The decision to devalue Rs 1,000 and Rs 500 notes, and the execution of the process of exchanging them for new notes, has proved to be a fiasco.

Perhaps the unusual silence reflects Modi's concern over whether demonetization has proved a self-inflicted surgical strike on his own government.

A Mumbai family's income declaration of Rs 2 lakh crore has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".

There never was going to be any roll back on demonetisation. This is not a Prime Minister who is into roll backs; Narendra Modi, having a taken a stand, does not easily move from his position.

The recent civic polls and by-election results in Maharashtra and Gujarat reaffirm that the Prime Minister's support has not been dented by the cash crunch and the opposition has erred badly in reading the public mood.

Targeting only the stock of domestic unaccounted money will be incomplete as fresh generation in different sectors will take us back to the starting point in a few years.

The political class now stands divided in two distinct groups, with the government and the opposition averse to the idea of allowing a discussion unless held on specific conditions.

Demonetisation may scratch the surface of undeclared wealth and practices associated with it. But more substantively, it can forge alternative social totalities, alternative values.