500 And 1000 Notes Banned
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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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Do Explain: 13 Lakh People Get SMSes, Emails For Deposits After Notes Ban
Emails and text messages have been sent today to the majority of 18 lakh people identified for making suspicious and large cash deposits after Prime Minister Narendra Modi's sudden abolition of high-value notes.
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97% Of Banned Notes Back In Banks? 'I Don't Know' Says Finance Minister Arun Jaitley
Virtually all the banned 500 and 1,000-rupee notes have been turned into banks, according to a report by Bloomberg, which means that the government's abrupt demonetisation drive has failed to uncover and destroy black money.
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Won't Interfere, Says Arun Jaitley After Complaints Of RBI Refusing Old Notes
Clarifying the government's stand on the December 30 deadline for the deposit of banned 500 and 1000-rupee notes, Finance Minister Arun Jaitley said Prime Minister Narendra Modi had specifically said that the central bank RBI will fix "terms and conditions" for the same.
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In Speech On Notes Ban, PM Narendra Modi Talks Of India's 'Purification': 10 Points
Prime Minister Narendra Modi in a televised address on New Year's eve, said his abrupt decision to cancel high-denomination notes last month has dealt "a serious blow" to black money, terror-financing and tax evasion. Defending his demonetisation drive, PM Modi, in a 45-minute speech delivered first in Hindi and then English, said, "There is no pre...
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What Modi's Speech Tonight Won't Tell You
India was promised a miracle in 50 days starting D-day or demonetisation day on November 8. Well, here we are at the deadline, the miracle is nowhere in sight and the bad news just grows and grows - for ordinary people, for the economy, for the country. In a two-part series, I will bring to you 50 facts related to the 50 days. I hope to establish t...
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50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
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Shirdi's Saibaba Temple Gets Rs 31.73 Crore In Donations Post Note Ban
The Shri Saibaba Sansthan Trust in Shirdi has received donations of Rs 31.73 crore during the past 50 days post the government's decision to scrap 500 and 1,000 rupee notes, an official said today.
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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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New Rule: Soon, Punishment For Holding More Than 10 Old Notes, Centre Clears Ordinance
It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes...
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'Why So Rattled,' Asks BJP After Mayawati Defends 104-Crore Bank Deposit, Attacks PM Modi
Mayawati, chief of the Bahujan Samaj Party (BSP), today said "every penny" of the over 100 crores deposited in a bank account of her party after the notes ban is accounted for, and accused the ruling BJP and Prime Minister Narendra Modi of "misusing power to malign the image" of her party before crucial elections in Uttar Pradesh.
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Old Notes? No Money? No Problem, Says Delhi Clinic Amid Cash Crunch
Tucked away in the dusty bylanes of a busy wholesale market, an unusual poster greets visitors to Old Delhi's Sadar Bazaar area. "Don't worry if you have old notes or even no money, we will treat you," it reads in Hindi and provides an address of a clinic in the neighbourhood.
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RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
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'Breaking My Head Daily'; BJP Ally Chandrababu Naidu's 180 On Notes Ban
BJP ally and Andhra Pradesh Chief Minister N Chandrababu Naidu, an early supporter of Prime Minister Narendra Modi's ban on 500- and 1,000-rupee notes to unearth black or undeclared money, now says he is worried that there is no end in sight to the crisis brought about by the massive cash crunch that has followed.
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Political Parties Can Turn In Old Notes Without Tax Scrutiny
The 500- and 1,000-rupee notes that were abolished last month can be deposited by political parties till December 30 in their bank accounts without having to pay any tax, said the Finance Ministry today.
-
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...
-
Do Explain: 13 Lakh People Get SMSes, Emails For Deposits After Notes Ban
Emails and text messages have been sent today to the majority of 18 lakh people identified for making suspicious and large cash deposits after Prime Minister Narendra Modi's sudden abolition of high-value notes.
-
97% Of Banned Notes Back In Banks? 'I Don't Know' Says Finance Minister Arun Jaitley
Virtually all the banned 500 and 1,000-rupee notes have been turned into banks, according to a report by Bloomberg, which means that the government's abrupt demonetisation drive has failed to uncover and destroy black money.
-
Won't Interfere, Says Arun Jaitley After Complaints Of RBI Refusing Old Notes
Clarifying the government's stand on the December 30 deadline for the deposit of banned 500 and 1000-rupee notes, Finance Minister Arun Jaitley said Prime Minister Narendra Modi had specifically said that the central bank RBI will fix "terms and conditions" for the same.
-
In Speech On Notes Ban, PM Narendra Modi Talks Of India's 'Purification': 10 Points
Prime Minister Narendra Modi in a televised address on New Year's eve, said his abrupt decision to cancel high-denomination notes last month has dealt "a serious blow" to black money, terror-financing and tax evasion. Defending his demonetisation drive, PM Modi, in a 45-minute speech delivered first in Hindi and then English, said, "There is no pre...
-
What Modi's Speech Tonight Won't Tell You
India was promised a miracle in 50 days starting D-day or demonetisation day on November 8. Well, here we are at the deadline, the miracle is nowhere in sight and the bad news just grows and grows - for ordinary people, for the economy, for the country. In a two-part series, I will bring to you 50 facts related to the 50 days. I hope to establish t...
-
50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
-
Shirdi's Saibaba Temple Gets Rs 31.73 Crore In Donations Post Note Ban
The Shri Saibaba Sansthan Trust in Shirdi has received donations of Rs 31.73 crore during the past 50 days post the government's decision to scrap 500 and 1,000 rupee notes, an official said today.
-
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 ...
-
New Rule: Soon, Punishment For Holding More Than 10 Old Notes, Centre Clears Ordinance
It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes...
-
'Why So Rattled,' Asks BJP After Mayawati Defends 104-Crore Bank Deposit, Attacks PM Modi
Mayawati, chief of the Bahujan Samaj Party (BSP), today said "every penny" of the over 100 crores deposited in a bank account of her party after the notes ban is accounted for, and accused the ruling BJP and Prime Minister Narendra Modi of "misusing power to malign the image" of her party before crucial elections in Uttar Pradesh.
-
Old Notes? No Money? No Problem, Says Delhi Clinic Amid Cash Crunch
Tucked away in the dusty bylanes of a busy wholesale market, an unusual poster greets visitors to Old Delhi's Sadar Bazaar area. "Don't worry if you have old notes or even no money, we will treat you," it reads in Hindi and provides an address of a clinic in the neighbourhood.
-
RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
-
'Breaking My Head Daily'; BJP Ally Chandrababu Naidu's 180 On Notes Ban
BJP ally and Andhra Pradesh Chief Minister N Chandrababu Naidu, an early supporter of Prime Minister Narendra Modi's ban on 500- and 1,000-rupee notes to unearth black or undeclared money, now says he is worried that there is no end in sight to the crisis brought about by the massive cash crunch that has followed.
-
Political Parties Can Turn In Old Notes Without Tax Scrutiny
The 500- and 1,000-rupee notes that were abolished last month can be deposited by political parties till December 30 in their bank accounts without having to pay any tax, said the Finance Ministry today.
