Demonetisation Move

The Congress targeted the prime minister on Friday over the RBI announcement on the withdrawal of Rs 2,000 currency notes from circulation, saying the move was "typical of our self-styled vishwaguru" and his method of "first act, second think".

Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.

The Supreme Court on Monday upheld the Centre's 2016 note ban move, saying the decision-making process was not flawed merely because the procedure emanated from the government.

The Supreme Court backed Prime Minister Narendra Modi's 2016 notes ban today in a landmark 4-1 majority judgment and said it was "not relevant" whether the objective of the overnight ban was achieved. One judge disagreed, calling the move "unlawful".

The Supreme Court will today pronounce its verdict on a batch of petitions challenging the Union Government's 2016 decision to demonetise the currency bills of Rs 500 and Rs 1,000 denominations.

Congress leader Adhir Ranjan Chowdhury today criticised the government's November 2016 decision to demonetise high-value currency notes, claiming the move did not meet the desired goals as cash in circulation and fake currency have gone up.

RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will help the nation move towards the ideal situation where low taxes are levied on a large base.

The Supreme Court will tomorrow hear pleas challenging the constitutional validity of Demonisation six years after the controversial move by Prime Minister Narendra Modi.

The Opposition on Sunday attacked the Modi government over demonetisation, with former Congress chief Rahul Gandhi saying the only "unfortunate success" of the 2016 move was the "torpedoing" of India's economy.

Four years after he announced a surprise decision to replace nearly 86 per cent of all of India's cash sending shockwaves through the economy which is yet to fully recover, Prime Minister Narendra Modi on Sunday defended the move, saying it had reduced corruption and increased transparency.

Congress leader Rahul Gandhi on Sunday slammed the government over demonetisation, alleging that Prime Minister Narendra Modi's move four years ago was aimed at helping a few of his "crony capitalist friends" and had "destroyed" the Indian economy.

Rahul Gandhi, in a new video targeting Prime Minister Narendra Modi over the 2016 demonetisation, linked the move to the negative GDP shock and said the country "must unite and fight" what he called the attack on the poor, farmers and unauthorised sector.

The CBSE in its syllabus rationalisation exercise has dropped chapters on democracy and diversity, demonetisation, nationalism, secularism, India's relations with its neighbours and growth of local governments in India, among others, as per the updated syllabus.

Congress leader Rahul Gandhi will for the first time visit Assam today since protests first broke out in the state earlier this month over the amended Citizenship Act. Hours ahead of the "Save Constitution-Save India" protest march that he will lead in Guwahati this afternoon, he launched an attack on the ruling BJP and said that National Register ...

India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and mobile phone users.

The Congress targeted the prime minister on Friday over the RBI announcement on the withdrawal of Rs 2,000 currency notes from circulation, saying the move was "typical of our self-styled vishwaguru" and his method of "first act, second think".

Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.

The Supreme Court on Monday upheld the Centre's 2016 note ban move, saying the decision-making process was not flawed merely because the procedure emanated from the government.

The Supreme Court backed Prime Minister Narendra Modi's 2016 notes ban today in a landmark 4-1 majority judgment and said it was "not relevant" whether the objective of the overnight ban was achieved. One judge disagreed, calling the move "unlawful".

The Supreme Court will today pronounce its verdict on a batch of petitions challenging the Union Government's 2016 decision to demonetise the currency bills of Rs 500 and Rs 1,000 denominations.

Congress leader Adhir Ranjan Chowdhury today criticised the government's November 2016 decision to demonetise high-value currency notes, claiming the move did not meet the desired goals as cash in circulation and fake currency have gone up.

RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will help the nation move towards the ideal situation where low taxes are levied on a large base.

The Supreme Court will tomorrow hear pleas challenging the constitutional validity of Demonisation six years after the controversial move by Prime Minister Narendra Modi.

The Opposition on Sunday attacked the Modi government over demonetisation, with former Congress chief Rahul Gandhi saying the only "unfortunate success" of the 2016 move was the "torpedoing" of India's economy.

Four years after he announced a surprise decision to replace nearly 86 per cent of all of India's cash sending shockwaves through the economy which is yet to fully recover, Prime Minister Narendra Modi on Sunday defended the move, saying it had reduced corruption and increased transparency.

Congress leader Rahul Gandhi on Sunday slammed the government over demonetisation, alleging that Prime Minister Narendra Modi's move four years ago was aimed at helping a few of his "crony capitalist friends" and had "destroyed" the Indian economy.

Rahul Gandhi, in a new video targeting Prime Minister Narendra Modi over the 2016 demonetisation, linked the move to the negative GDP shock and said the country "must unite and fight" what he called the attack on the poor, farmers and unauthorised sector.

The CBSE in its syllabus rationalisation exercise has dropped chapters on democracy and diversity, demonetisation, nationalism, secularism, India's relations with its neighbours and growth of local governments in India, among others, as per the updated syllabus.

Congress leader Rahul Gandhi will for the first time visit Assam today since protests first broke out in the state earlier this month over the amended Citizenship Act. Hours ahead of the "Save Constitution-Save India" protest march that he will lead in Guwahati this afternoon, he launched an attack on the ruling BJP and said that National Register ...

India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and mobile phone users.