Arun Jaitley On Currency Ban

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

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 "...

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

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.

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...

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....

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...

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.

Fake currency totalling Rs 11.23 crore has been detected since demonetisation, Finance Minister Arun Jaitley said on Tuesday.

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 ...

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.

The finance minister promised to increase government funding for farmers, who have been hard hit by the currency ban, with a 60-day waiver on interest for agricultural loans.

Finance Minister Arun Jaitley is all geared up to present the Union Budget 2017-18 today, breaking the decade-old practice of presenting it on the last working day of February. This Budget comes less than three months after Prime Minister Narendra Modi's bold and risky gamble to outlaw high-value old currency notes. The Economic Survey for 2016-17,...

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.

December 19 was the last time the RBI gave any information on how much of the demonetised currency was back. Even the tally on new notes circulated are not available.

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

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 "...

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

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.

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...

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....

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...

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.

Fake currency totalling Rs 11.23 crore has been detected since demonetisation, Finance Minister Arun Jaitley said on Tuesday.

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 ...

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.

The finance minister promised to increase government funding for farmers, who have been hard hit by the currency ban, with a 60-day waiver on interest for agricultural loans.

Finance Minister Arun Jaitley is all geared up to present the Union Budget 2017-18 today, breaking the decade-old practice of presenting it on the last working day of February. This Budget comes less than three months after Prime Minister Narendra Modi's bold and risky gamble to outlaw high-value old currency notes. The Economic Survey for 2016-17,...

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.

December 19 was the last time the RBI gave any information on how much of the demonetised currency was back. Even the tally on new notes circulated are not available.