Arun Jaitley Currency Ban
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Government Panel Recommends Ban On Cryptocurrency
The panel was set up in 2017 by the then finance minister, Arun Jaitley, after reports of extensive money laundering with the use of digital currencies
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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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"Mr Jaitley Was Writing A Blog": NITI Aayog Boss To Notes Ban Fact-Check
The Reserve Bank of India's latest figures suggest that more than 99 per cent of the demonetised currency came back to the system, prompting criticism that the exercise has been a failure.
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Cryptocurrencies In India: A Battle With Government Diktats, RBI Warnings
Bitcoin ban: Cryptocurrency stakeholders are eyeing the expiry of three-month deadline given by RBI to banks, and also the Supreme Court's hearing on July 20
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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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Large Deposits After Notes Ban Ends Anonymity Of Cash, Says Arun Jaitley
The RBI in its annual report yesterday said banks received Rs 15.28 lakh crore, or 99 per cent of the currency invalidated.
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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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Not Considering Ban On Rs 2,000 Notes: Finance Minister Arun Jaitley
The government has given the go-ahead to the RBI to issue Rs 200 notes, a move that is aimed at easing the pressure on lower-denomination currency.
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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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91 Lakh New Taxpayers Since Notes Ban, Says Government
Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...
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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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GDP Data Belies Exaggerated Claims Of Note Ban Impact: Arun Jaitley
The October-December quarter of 2016 was "substantially impacted by demonetisation (of higher denomination currency)," the finance minister said.
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Over 1,100 Searches, 5,100 Notices Post Note Ban: Arun Jaitley
As part of efforts to combat blackmoney and fake currency through demonetisation, government agencies have conducted over 1,100 searches and issued 5,100 notices to verify suspicious high-value cash deposits.
-
Government Panel Recommends Ban On Cryptocurrency
The panel was set up in 2017 by the then finance minister, Arun Jaitley, after reports of extensive money laundering with the use of digital currencies
-
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 "...
-
"Mr Jaitley Was Writing A Blog": NITI Aayog Boss To Notes Ban Fact-Check
The Reserve Bank of India's latest figures suggest that more than 99 per cent of the demonetised currency came back to the system, prompting criticism that the exercise has been a failure.
-
Cryptocurrencies In India: A Battle With Government Diktats, RBI Warnings
Bitcoin ban: Cryptocurrency stakeholders are eyeing the expiry of three-month deadline given by RBI to banks, and also the Supreme Court's hearing on July 20
-
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....
-
Large Deposits After Notes Ban Ends Anonymity Of Cash, Says Arun Jaitley
The RBI in its annual report yesterday said banks received Rs 15.28 lakh crore, or 99 per cent of the currency invalidated.
-
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...
-
Not Considering Ban On Rs 2,000 Notes: Finance Minister Arun Jaitley
The government has given the go-ahead to the RBI to issue Rs 200 notes, a move that is aimed at easing the pressure on lower-denomination currency.
-
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.
-
91 Lakh New Taxpayers Since Notes Ban, Says Government
Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...
-
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 ...
-
GDP Data Belies Exaggerated Claims Of Note Ban Impact: Arun Jaitley
The October-December quarter of 2016 was "substantially impacted by demonetisation (of higher denomination currency)," the finance minister said.
-
Over 1,100 Searches, 5,100 Notices Post Note Ban: Arun Jaitley
As part of efforts to combat blackmoney and fake currency through demonetisation, government agencies have conducted over 1,100 searches and issued 5,100 notices to verify suspicious high-value cash deposits.
