Demonitisation India

Congress leader Rahul Gandhi today said Ludhiana's small and medium businesses can compete with China if they are given adequate support even as he attacked the Punjab government and the Centre for not supporting them.

Currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move.

West Bengal Chief Minister Mamata Banerjee on Wednesday accused Prime Minister Narendra Modi of converting huge black money into white through demonitisation and spending it to purchase votes.

The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives "quite substantially", even as the RBI report outlined that 99.3 per cent of junked notes came back to banks.

Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.

The Congress-led UPA-1 and UPA-2 governments delivered the highest decadal growth since Independence, former Finance Minister P Chidambaram said today while taking a dig at the current dispensation alleging that three finance ministers are handling the economy at present -a de-facto, a de-jure and an invisible one.

Three persons were arrested today and demonetised notes worth Rs 3.36 crore were seized from them in Surat's Khatodara locality, police said.

A former sugar mill manager allegedly shot himself after being pressured by a retired IAS officer to get demonetised currency notes worth Rs 10 crore exchanged in a village in Shamli district, police said today.

The Crime Branch personnel seized Rs 1.68 crore in old notes in Rs 500 and Rs 1,000 denominations from the accused

Madhya Pradesh Chief Minister Shivraj Singh Chouhan today claimed that Rs 2,000 notes were vanishing from the market, and alleged that there was a "conspiracy" behind it.

The Left today lashed out at the Narendra Modi government, saying that for the first time in India's history, a government was "celebrating" death and suffering.

Congress Vice President Rahul Gandhi today accused Prime Minister Narendra Modi of "robbing" the country of its economic prowess and "damaging" India by converting people's anger due to joblessness into "communal hatred".

Demonitisation was one of the crucial decisions of the Modi government against the black money and now the country is progressing towards a digital economy, Commerce and Industry Minister Suresh Prabhu said today.

The ruling Trinamool Congress will launch a massive campaign across West Bengal to mark November 8, the first anniversary of demonitisation as 'Black Day' and against the hurried implementation of GST in the country, a senior party leader said.

The returned Rs 500 and Rs 1,000 bills are being "processed in all earnest," the apex bank said.

Congress leader Rahul Gandhi today said Ludhiana's small and medium businesses can compete with China if they are given adequate support even as he attacked the Punjab government and the Centre for not supporting them.

Currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move.

West Bengal Chief Minister Mamata Banerjee on Wednesday accused Prime Minister Narendra Modi of converting huge black money into white through demonitisation and spending it to purchase votes.

The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives "quite substantially", even as the RBI report outlined that 99.3 per cent of junked notes came back to banks.

Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.

The Congress-led UPA-1 and UPA-2 governments delivered the highest decadal growth since Independence, former Finance Minister P Chidambaram said today while taking a dig at the current dispensation alleging that three finance ministers are handling the economy at present -a de-facto, a de-jure and an invisible one.

Three persons were arrested today and demonetised notes worth Rs 3.36 crore were seized from them in Surat's Khatodara locality, police said.

A former sugar mill manager allegedly shot himself after being pressured by a retired IAS officer to get demonetised currency notes worth Rs 10 crore exchanged in a village in Shamli district, police said today.

The Crime Branch personnel seized Rs 1.68 crore in old notes in Rs 500 and Rs 1,000 denominations from the accused

Madhya Pradesh Chief Minister Shivraj Singh Chouhan today claimed that Rs 2,000 notes were vanishing from the market, and alleged that there was a "conspiracy" behind it.

The Left today lashed out at the Narendra Modi government, saying that for the first time in India's history, a government was "celebrating" death and suffering.

Congress Vice President Rahul Gandhi today accused Prime Minister Narendra Modi of "robbing" the country of its economic prowess and "damaging" India by converting people's anger due to joblessness into "communal hatred".

Demonitisation was one of the crucial decisions of the Modi government against the black money and now the country is progressing towards a digital economy, Commerce and Industry Minister Suresh Prabhu said today.

The ruling Trinamool Congress will launch a massive campaign across West Bengal to mark November 8, the first anniversary of demonitisation as 'Black Day' and against the hurried implementation of GST in the country, a senior party leader said.

The returned Rs 500 and Rs 1,000 bills are being "processed in all earnest," the apex bank said.