Currency Ban Opposition

Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.

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.

Cutting across party lines, opposition leaders united on Thursday to target Prime Minister Narendra Modi over his controversial decision to ban large currency notes on the second anniversary of the decision.

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 "...

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 ...

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...

Opposition parties on Tuesday said they will observe November 8 as Black Day to protest against the "ill-conceived and hasty" decision of the government to scrap Rs 500 and Rs 1,000 currency notes a year ago.

As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.

In his reply to the Presidential Address in Rajya Sabha, Prime Minister Narendra Modi today strongly defended government's ban on high denomination currency in November, saying it has no parallel in the world and could even be the subject of a "case study at universities". In the hour-long speech, the Prime Minister also took on the opposition, tar...

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.

Prime Minister Narendra Modi, in his second televised address since November 8, today defended his decision to demonetise the country's highest-value currency bills.

Prime Minister Narendra Modi, attacking the opposition for stalling the parliament over currency ban, alleged that they were trying to "rescue the corrupt" like Pakistan gives cover fire to terrorists to cross border and said the note ban will expose the 'kala dhan' (black money) as well as 'kale mann' (ill-intentions) of many.

Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...

The annual meet of industrial body, Federation of Indian Chambers of Commerce and Industry or FICCI, virtually turned into a political battleground with the government and the opposition trading charges over notes ban.

Prime Minister Narendra Modi today spoke of the currency ban and its fallout, alleging that the opposition has not allowed parliament to function in its aftermath.

Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.

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.

Cutting across party lines, opposition leaders united on Thursday to target Prime Minister Narendra Modi over his controversial decision to ban large currency notes on the second anniversary of the decision.

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 "...

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 ...

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...

Opposition parties on Tuesday said they will observe November 8 as Black Day to protest against the "ill-conceived and hasty" decision of the government to scrap Rs 500 and Rs 1,000 currency notes a year ago.

As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.

In his reply to the Presidential Address in Rajya Sabha, Prime Minister Narendra Modi today strongly defended government's ban on high denomination currency in November, saying it has no parallel in the world and could even be the subject of a "case study at universities". In the hour-long speech, the Prime Minister also took on the opposition, tar...

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.

Prime Minister Narendra Modi, in his second televised address since November 8, today defended his decision to demonetise the country's highest-value currency bills.

Prime Minister Narendra Modi, attacking the opposition for stalling the parliament over currency ban, alleged that they were trying to "rescue the corrupt" like Pakistan gives cover fire to terrorists to cross border and said the note ban will expose the 'kala dhan' (black money) as well as 'kale mann' (ill-intentions) of many.

Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...

The annual meet of industrial body, Federation of Indian Chambers of Commerce and Industry or FICCI, virtually turned into a political battleground with the government and the opposition trading charges over notes ban.

Prime Minister Narendra Modi today spoke of the currency ban and its fallout, alleging that the opposition has not allowed parliament to function in its aftermath.