Arun Jaitley On Currency Ban
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On Notes Ban Anniversary, Arun Jaitley Says Confiscating Cash Wasn't Aim
Finance Minister Arun Jaitley posted a strong defence of demonetisation today as opposition parties seized the second anniversary of the move to rip into the government and even demand an apology from Prime Minister Narendra Modi. In a Facebook post, the minister described PM Modi's overnight ban on higher currency notes on November 8, 2016, as a "...
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Demonetisation Anniversary: Arun Jaitley Says Terror Funding Through Counterfeit Notes Has Fallen
A year after demonetisation, Finance Minister Arun Jaitley on Wednesday said terror funding through counterfeit currency had come down drastically in Jammu and Kashmir and Chhattisgarh.
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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 Demonetisation Increase Tax Base? Not Really
If the government is to be believed, the ban on high-value currency led to a significant surge in India's tax base over the past year. To back this claim, the government has released a deluge of data. Including the claim that that there was a 25 per cent increase in tax returns in the April-August 2017 period, compared to the same period last year....
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99 Percent Of Banned Notes Back, But Government Says Aim Met: 10 Points
Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...
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Rs 11.23 Crore Fake Currency Detected Post Note Ban: Finance Minister Arun Jaitley
Fake currency totalling Rs 11.23 crore has been detected since demonetisation, Finance Minister Arun Jaitley said on Tuesday.
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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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Union Budget 2017: Nitish Kumar Says Disappointed, Raises Black Money Issue
Bihar Chief Minister Nitish Kumar sided with the Opposition today to harshly criticise the Union budget, calling it "utterly disappointing", and pointing out that it did not clarify how much black money or fake currency was detected since the ban on 500- and 1000- rupee notes on November 8.
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Opinion: Modi, Don't Fix What You Broke In This Indian Budget: Gadfly
Amid signs that New Delhi's Nov. 8 ban on 86 percent of the country's currency has disrupted demand, snapped supply chains and cratered credit growth, investors expect a fiscal lollipop from Prime Minister Narendra Modi and Finance Minister Arun Jaitley.
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At Vibrant Gujarat, Arun Jaitley Says 'Excessive Paper Currency Has Its Vices'
Union minister Arun Jaitley today pointed to some unexpected upsides of the currency ban today while addressing a session at Vibrant Gujarat 2017, India's biggest investors' summit, on the progress of the government's flagship Goods and Services Tax or GST.
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PM Modi Thinking Of Future, Rahul Gandhi Of Parliament Disruption: Arun Jaitley
Ahead of the budget session of parliament, Union finance minister Arun Jaitley has attacked Rahul Gandhi, saying he is interested only in disrupting parliament. In a Facebook post today on the ban on 500 and 1000 rupee notes announced on November 8, Mr Jaitley also used Mr Gandhi's example to draw a parallel with Prime Minister Narendra Modi and wh...
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RBI May Have Received Rs 15 Lakh Crore Deposits Of Old Notes
The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.
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April 1 Rollout Of GST Reforms? Not Going To Happen, Warn Some States
A bold reform seen as crucial for economic growth, the national Goods and Services Tax or GST, cannot be rolled out to meet the government's April 1 deadline, say finance ministers from different states. As members of the decision-making GST Council, they met for the eighth time with Union Finance Minister Arun Jaitley, but were unable to close var...
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'Think Out-Of-Box,' Arun Jaitley Tells Banks Seeking Higher Capital Support Amid Crunch
As state-owned banks sought higher capital support from the government to resolve a massive cash crunch post ban the November 8 ban on 500- and 1,000-rupee notes, Finance Minister Arun Jaitley asked the banks to think out of the box to deal with the challenges.
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Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
-
On Notes Ban Anniversary, Arun Jaitley Says Confiscating Cash Wasn't Aim
Finance Minister Arun Jaitley posted a strong defence of demonetisation today as opposition parties seized the second anniversary of the move to rip into the government and even demand an apology from Prime Minister Narendra Modi. In a Facebook post, the minister described PM Modi's overnight ban on higher currency notes on November 8, 2016, as a "...
-
Demonetisation Anniversary: Arun Jaitley Says Terror Funding Through Counterfeit Notes Has Fallen
A year after demonetisation, Finance Minister Arun Jaitley on Wednesday said terror funding through counterfeit currency had come down drastically in Jammu and Kashmir and Chhattisgarh.
-
'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 Demonetisation Increase Tax Base? Not Really
If the government is to be believed, the ban on high-value currency led to a significant surge in India's tax base over the past year. To back this claim, the government has released a deluge of data. Including the claim that that there was a 25 per cent increase in tax returns in the April-August 2017 period, compared to the same period last year....
-
99 Percent Of Banned Notes Back, But Government Says Aim Met: 10 Points
Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...
-
Rs 11.23 Crore Fake Currency Detected Post Note Ban: Finance Minister Arun Jaitley
Fake currency totalling Rs 11.23 crore has been detected since demonetisation, Finance Minister Arun Jaitley said on Tuesday.
-
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 ...
-
Union Budget 2017: Nitish Kumar Says Disappointed, Raises Black Money Issue
Bihar Chief Minister Nitish Kumar sided with the Opposition today to harshly criticise the Union budget, calling it "utterly disappointing", and pointing out that it did not clarify how much black money or fake currency was detected since the ban on 500- and 1000- rupee notes on November 8.
-
Opinion: Modi, Don't Fix What You Broke In This Indian Budget: Gadfly
Amid signs that New Delhi's Nov. 8 ban on 86 percent of the country's currency has disrupted demand, snapped supply chains and cratered credit growth, investors expect a fiscal lollipop from Prime Minister Narendra Modi and Finance Minister Arun Jaitley.
-
At Vibrant Gujarat, Arun Jaitley Says 'Excessive Paper Currency Has Its Vices'
Union minister Arun Jaitley today pointed to some unexpected upsides of the currency ban today while addressing a session at Vibrant Gujarat 2017, India's biggest investors' summit, on the progress of the government's flagship Goods and Services Tax or GST.
-
PM Modi Thinking Of Future, Rahul Gandhi Of Parliament Disruption: Arun Jaitley
Ahead of the budget session of parliament, Union finance minister Arun Jaitley has attacked Rahul Gandhi, saying he is interested only in disrupting parliament. In a Facebook post today on the ban on 500 and 1000 rupee notes announced on November 8, Mr Jaitley also used Mr Gandhi's example to draw a parallel with Prime Minister Narendra Modi and wh...
-
RBI May Have Received Rs 15 Lakh Crore Deposits Of Old Notes
The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.
-
April 1 Rollout Of GST Reforms? Not Going To Happen, Warn Some States
A bold reform seen as crucial for economic growth, the national Goods and Services Tax or GST, cannot be rolled out to meet the government's April 1 deadline, say finance ministers from different states. As members of the decision-making GST Council, they met for the eighth time with Union Finance Minister Arun Jaitley, but were unable to close var...
-
'Think Out-Of-Box,' Arun Jaitley Tells Banks Seeking Higher Capital Support Amid Crunch
As state-owned banks sought higher capital support from the government to resolve a massive cash crunch post ban the November 8 ban on 500- and 1,000-rupee notes, Finance Minister Arun Jaitley asked the banks to think out of the box to deal with the challenges.
-
Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
