Black Currency

The Congress today accused the government of facilitating those hoarding black money with the move to withdraw Rs 2000 currency notes and demanded a white paper on what it alleged was the "greatest organised loot" in independent India.

Fake currency, terror financing and black money are three evils and are like 'Jarasandha' (an antagonist in Mahabharat) and should be cut into pieces, the Centre told the Supreme Court while opposing the pleas challenging the 2016 demonetisation.

Taking a dig on four years of demonetisation, Samajwadi Party chief Akhilesh Yadav on Sunday said fake currency notes are still in circulation and corruption has increased.

The sudden move to ban high-value currency notes in 2016 was not a "jhatka" (shock) as people with black money were warned a year earlier, Prime Minister Narendra Modi said in an interview to news agency ANI on Tuesday, defending demonetisation.

The Congress today demanded that Prime Minister Narendra Modi apologise to the country on Thursday, the second anniversary of the demonetisation announcement, for unilaterally attempting a "Tughlaqi" experiment that ended up "wrecking the economy and causing its people untold hardships".

The Fortnite PS4 controller is coming to India. Sony will be bringing in this limited edition variant of its DualShock 4 PS4 controller.

Indian Prime Minister Narendra Modi's efforts to weed out black money through a ban on high-value currency notes haven't yielded the desired results.

Over 99 per cent of Rs 500 and Rs 1,000 notes banned by Prime Minister Narendra Modi in the November 2016 demonetisation have returned to the banking system, the Reserve Bank of India said today after completing what it calls the "humungous task" of counting the banned cash. The central bank's annual report says only a fraction of the currency was ...

As much as 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, the RBI said today, indicating that just a miniscule percentage of currency was left out of the system after the government's unprecedented note ban aimed at curbing black money and corruption.

The notes ban prompted intelligence and probe agencies to make a record number of requests to the Financial Intelligence Unit (FIU) for obtaining classified reports on suspicious currency transactions via banking and other financial channels in the country.

The government's demonetisation decision a year ago led to 58 per cent growth in digital transactions and an increase in the number of tax payers, Union minister Nitin Gadkari said today. The Centre's scrapping of the old Rs 500 and Rs 1,000 currency notes on November 8 last year hurt those who had black money, he added.

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.

Congress vice president Rahul Gandhi has severely criticised Prime Minister Narendra Modi's "unilateral" decision to ban high-value currency notes last year, and accused him of jeopardising the economy by "bypassing the Reserve Bank of India". In his column, published in the Financial Times exactly a year since the announcement of demonetisation, M...

In the annals of economic experimentation, India's cash ban will stand out. Not because it was ill-advised, poorly executed or unsuccessful in achieving its original aims. Prime Minister Narendra Modi's move to outlaw 86 percent of his country's currency a year ago today was all those things. What made it remarkable, though, was the way it flew aga...

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...

The Congress today accused the government of facilitating those hoarding black money with the move to withdraw Rs 2000 currency notes and demanded a white paper on what it alleged was the "greatest organised loot" in independent India.

Fake currency, terror financing and black money are three evils and are like 'Jarasandha' (an antagonist in Mahabharat) and should be cut into pieces, the Centre told the Supreme Court while opposing the pleas challenging the 2016 demonetisation.

Taking a dig on four years of demonetisation, Samajwadi Party chief Akhilesh Yadav on Sunday said fake currency notes are still in circulation and corruption has increased.

The sudden move to ban high-value currency notes in 2016 was not a "jhatka" (shock) as people with black money were warned a year earlier, Prime Minister Narendra Modi said in an interview to news agency ANI on Tuesday, defending demonetisation.

The Congress today demanded that Prime Minister Narendra Modi apologise to the country on Thursday, the second anniversary of the demonetisation announcement, for unilaterally attempting a "Tughlaqi" experiment that ended up "wrecking the economy and causing its people untold hardships".

The Fortnite PS4 controller is coming to India. Sony will be bringing in this limited edition variant of its DualShock 4 PS4 controller.

Indian Prime Minister Narendra Modi's efforts to weed out black money through a ban on high-value currency notes haven't yielded the desired results.

Over 99 per cent of Rs 500 and Rs 1,000 notes banned by Prime Minister Narendra Modi in the November 2016 demonetisation have returned to the banking system, the Reserve Bank of India said today after completing what it calls the "humungous task" of counting the banned cash. The central bank's annual report says only a fraction of the currency was ...

As much as 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, the RBI said today, indicating that just a miniscule percentage of currency was left out of the system after the government's unprecedented note ban aimed at curbing black money and corruption.

The notes ban prompted intelligence and probe agencies to make a record number of requests to the Financial Intelligence Unit (FIU) for obtaining classified reports on suspicious currency transactions via banking and other financial channels in the country.

The government's demonetisation decision a year ago led to 58 per cent growth in digital transactions and an increase in the number of tax payers, Union minister Nitin Gadkari said today. The Centre's scrapping of the old Rs 500 and Rs 1,000 currency notes on November 8 last year hurt those who had black money, he added.

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.

Congress vice president Rahul Gandhi has severely criticised Prime Minister Narendra Modi's "unilateral" decision to ban high-value currency notes last year, and accused him of jeopardising the economy by "bypassing the Reserve Bank of India". In his column, published in the Financial Times exactly a year since the announcement of demonetisation, M...

In the annals of economic experimentation, India's cash ban will stand out. Not because it was ill-advised, poorly executed or unsuccessful in achieving its original aims. Prime Minister Narendra Modi's move to outlaw 86 percent of his country's currency a year ago today was all those things. What made it remarkable, though, was the way it flew aga...

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...