Demonetisation Of 1000 Rupee Notes
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On Count of Banned Notes, Congress jibe: 'Child Delivered In 9 Months'
Opposition in the Rajya Sabha today sought to know why the Reserve Bank of India has not yet provided the number of demonetised 500 and 1000 rupee notes returned in the banking system, even after nine months of the note ban decision.
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No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
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Mamata Banerjee Announces Fund For 'Victims' Of Notes Ban
Demonetisation has burnt a Rs 350 crore-hole in West Bengal Chief Minister Mamata Banerjee's state budget. That money will be given to "victims", as it were, of the centre's move last November to abruptly scrap Rs 500 and 1,000 rupee notes: migrant workers who lost jobs in other states and had to return home and farmers and sharecroppers hit by the...
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Budget 2017: Why So Confident About Notes Ban Impact, Questions Manmohan Singh
Former Prime Minister Manmohan Singh today reserved his critique on the budget but questioned Finance Minister Arun Jaitley's statement on the impact of demonetization being transient.
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RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
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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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Last Day To Deposit Old Rs 500 And Rs 1000 Notes Before Steep Fines Kick In: 10 Facts
Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...
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Over 60 Orders Since Notes Ban? PM Narendra Modi Says Sign Of Responsive Government
Frequent changes to the rules governing demonetisation is a sign of a responsive government - this is how Prime Minister Narendra Modi on Sunday responded to critics who have questioned the often-changing rules about the government's abrupt decision to scrap old 500 and 1,000-rupee notes to combat corruption and black money.
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Unlike BJP, Congress Puts Party Above Nation, PM Narendra Modi Tells Lawmakers: 10 Updates
At a meeting of BJP lawmakers this morning, Prime Minister Narendra Modi made a strong pitch for a digital economy as a way of life and accused the opposition of being against the government's war of corruption. Union minister Ananth Kumar said after the meeting that PM Modi also exhorted the BJP to continue putting the nation before party, critici...
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Focus Now On Printing 500-Rupee Notes, Says Government: 10 Points
The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...
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After Rahul Gandhi's Explosive Claim, More Chaos In Parliament: 10 Developments
Congress Vice President Rahul Gandhi and the leaders of 14 other opposition parties will march tomorrow from parliament to the presidential palace of Rashtrapati Bhawan to meet President Pranab Mukherjee to protest against the government's decision to yank 500-and 1,000-rupee notes and update him on what they describe as the unrelenting hardship ca...
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Rs 67 Lakh, Mostly In New Notes, Seized From Car In Pune
Police seized Rs 67 lakh in cash, of which Rs 62 lakh were in Rs 2,000 denomination notes, from five people who were travelling in a car in Wakad locality near Pune in the small hours on Wednesday. A senior cop attached to Wakad police station said 3,110 notes of Rs 2,000 denomination worth Rs 62.2 lakh and 4,800 notes of Rs 100 worth Rs 4.8 lakh w...
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Centre To Amend RBI Act To Annul Old 500, 1000 Rupee Notes
The government is likely to amend the Reserve Bank of India Act to extinguish the validity of Rs 500 and Rs 1,000 printed before November 9 and a reference to this effect would be made in the upcoming Budget.
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44 Fake Accounts With Rs 100 Crore Found In Raids On Delhi Axis Bank Branch
Income Tax officers have in a raid allegedly unearthed 44 fake accounts at a branch of Axis Bank in central Delhi's Chandni Chowk. Tax officials said about Rs 100 crore in old notes have been deposited in these accounts since November 8, when Prime Minister Narendra Modi banned 500 and 1000 rupee notes to combat black money and money laundering.
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Behind Notes Ban, Team Of 6 Worked Secretly At PM Narendra Modi's Home: Report
Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India's financial circles, to spearhead a radical move to abolish 86 percent of the country's cash overnight and take aim at the huge shadow economy.
-
On Count of Banned Notes, Congress jibe: 'Child Delivered In 9 Months'
Opposition in the Rajya Sabha today sought to know why the Reserve Bank of India has not yet provided the number of demonetised 500 and 1000 rupee notes returned in the banking system, even after nine months of the note ban decision.
-
No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
-
Mamata Banerjee Announces Fund For 'Victims' Of Notes Ban
Demonetisation has burnt a Rs 350 crore-hole in West Bengal Chief Minister Mamata Banerjee's state budget. That money will be given to "victims", as it were, of the centre's move last November to abruptly scrap Rs 500 and 1,000 rupee notes: migrant workers who lost jobs in other states and had to return home and farmers and sharecroppers hit by the...
-
Budget 2017: Why So Confident About Notes Ban Impact, Questions Manmohan Singh
Former Prime Minister Manmohan Singh today reserved his critique on the budget but questioned Finance Minister Arun Jaitley's statement on the impact of demonetization being transient.
-
RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
-
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...
-
Last Day To Deposit Old Rs 500 And Rs 1000 Notes Before Steep Fines Kick In: 10 Facts
Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...
-
Over 60 Orders Since Notes Ban? PM Narendra Modi Says Sign Of Responsive Government
Frequent changes to the rules governing demonetisation is a sign of a responsive government - this is how Prime Minister Narendra Modi on Sunday responded to critics who have questioned the often-changing rules about the government's abrupt decision to scrap old 500 and 1,000-rupee notes to combat corruption and black money.
-
Unlike BJP, Congress Puts Party Above Nation, PM Narendra Modi Tells Lawmakers: 10 Updates
At a meeting of BJP lawmakers this morning, Prime Minister Narendra Modi made a strong pitch for a digital economy as a way of life and accused the opposition of being against the government's war of corruption. Union minister Ananth Kumar said after the meeting that PM Modi also exhorted the BJP to continue putting the nation before party, critici...
-
Focus Now On Printing 500-Rupee Notes, Says Government: 10 Points
The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...
-
After Rahul Gandhi's Explosive Claim, More Chaos In Parliament: 10 Developments
Congress Vice President Rahul Gandhi and the leaders of 14 other opposition parties will march tomorrow from parliament to the presidential palace of Rashtrapati Bhawan to meet President Pranab Mukherjee to protest against the government's decision to yank 500-and 1,000-rupee notes and update him on what they describe as the unrelenting hardship ca...
-
Rs 67 Lakh, Mostly In New Notes, Seized From Car In Pune
Police seized Rs 67 lakh in cash, of which Rs 62 lakh were in Rs 2,000 denomination notes, from five people who were travelling in a car in Wakad locality near Pune in the small hours on Wednesday. A senior cop attached to Wakad police station said 3,110 notes of Rs 2,000 denomination worth Rs 62.2 lakh and 4,800 notes of Rs 100 worth Rs 4.8 lakh w...
-
Centre To Amend RBI Act To Annul Old 500, 1000 Rupee Notes
The government is likely to amend the Reserve Bank of India Act to extinguish the validity of Rs 500 and Rs 1,000 printed before November 9 and a reference to this effect would be made in the upcoming Budget.
-
44 Fake Accounts With Rs 100 Crore Found In Raids On Delhi Axis Bank Branch
Income Tax officers have in a raid allegedly unearthed 44 fake accounts at a branch of Axis Bank in central Delhi's Chandni Chowk. Tax officials said about Rs 100 crore in old notes have been deposited in these accounts since November 8, when Prime Minister Narendra Modi banned 500 and 1000 rupee notes to combat black money and money laundering.
-
Behind Notes Ban, Team Of 6 Worked Secretly At PM Narendra Modi's Home: Report
Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India's financial circles, to spearhead a radical move to abolish 86 percent of the country's cash overnight and take aim at the huge shadow economy.
