High Value Currency Ban
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50 Lakh Lost Jobs Over 2 Years, Trend Began Just After Notes Ban: Report
Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...
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15 Months Post Note Ban, RBI Still Processing Returned Notes
The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high value currency 15 months ago, are still being "processed for their arithmetical accuracy and genuineness"
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'Fought And Won Decisive Battle,' Says PM Modi On Notes Ban: 10 Points
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...
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Did Notes Ban Choke Black Money, Terror, Fake Currency? One Year Later, A Fact Check
In his speech on November 8 last year, announcing the ban on high value currency, Prime Minister Narendra Modi set out the reasons for the dramatic move - striking a blow against black money, terrorism and fake currency.
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RBI Revelations On Notes Ban Point To Big Scam: Mamata Banerjee
Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.
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Parliamentary Panel Likely To Finalise Report On Note Ban Tomorrow
The parliamentary panel on finance is likely to finalise its report on demonetisation of high value currency notes tomorrow, sources said.
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91 Lakh New Taxpayers Since Notes Ban, Says Government
Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...
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Income Tax Department Seizes Rs 600 Crore In Cash, Valuables Post Note Ban
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 ...
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Note Ban Impact On GDP May Be Seen In This Quarter: RBI
The demonetisation of high value currency notes of Rs 500 and Rs 1,000 announced on November 8 led to scrapping of Rs 15.4 lakh crore from the system.
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Note Ban Negative For Jobs, Small Enterprises, Rural Demand: Assocham
On the sectoral impact of demonetisation, the survey said agriculture, cement, fertilizers, automobile, textiles, real estate and retail will have negative impact.
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RBI's Own Figures Indicate Return Of 15 Lakh Crore Of Banned Notes
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.
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Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
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Over 4,172 Crores Of Undisclosed Income Detected Till Now, 105 Crores In New Notes
Over Rs 4,172 crore of undisclosed income has been detected while new notes worth Rs 105 crore have been seized by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government.
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Notes Ban A 'Modi-Made Disaster', Says Rahul Gandhi A Day After Meeting PM
A day after he met Prime Minister, Congress Vice President Rahul Gandhi again hit out at the latter for the demonetisation of high value currency notes.
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Finance Minister Arun Jaitley Hints Not All Scrapped Currency Will Be Remonetised
As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.
-
50 Lakh Lost Jobs Over 2 Years, Trend Began Just After Notes Ban: Report
Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...
-
15 Months Post Note Ban, RBI Still Processing Returned Notes
The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high value currency 15 months ago, are still being "processed for their arithmetical accuracy and genuineness"
-
'Fought And Won Decisive Battle,' Says PM Modi On Notes Ban: 10 Points
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...
-
Did Notes Ban Choke Black Money, Terror, Fake Currency? One Year Later, A Fact Check
In his speech on November 8 last year, announcing the ban on high value currency, Prime Minister Narendra Modi set out the reasons for the dramatic move - striking a blow against black money, terrorism and fake currency.
-
RBI Revelations On Notes Ban Point To Big Scam: Mamata Banerjee
Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.
-
Parliamentary Panel Likely To Finalise Report On Note Ban Tomorrow
The parliamentary panel on finance is likely to finalise its report on demonetisation of high value currency notes tomorrow, sources said.
-
91 Lakh New Taxpayers Since Notes Ban, Says Government
Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...
-
Income Tax Department Seizes Rs 600 Crore In Cash, Valuables Post Note Ban
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 ...
-
Note Ban Impact On GDP May Be Seen In This Quarter: RBI
The demonetisation of high value currency notes of Rs 500 and Rs 1,000 announced on November 8 led to scrapping of Rs 15.4 lakh crore from the system.
-
Note Ban Negative For Jobs, Small Enterprises, Rural Demand: Assocham
On the sectoral impact of demonetisation, the survey said agriculture, cement, fertilizers, automobile, textiles, real estate and retail will have negative impact.
-
RBI's Own Figures Indicate Return Of 15 Lakh Crore Of Banned Notes
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.
-
Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
-
Over 4,172 Crores Of Undisclosed Income Detected Till Now, 105 Crores In New Notes
Over Rs 4,172 crore of undisclosed income has been detected while new notes worth Rs 105 crore have been seized by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government.
-
Notes Ban A 'Modi-Made Disaster', Says Rahul Gandhi A Day After Meeting PM
A day after he met Prime Minister, Congress Vice President Rahul Gandhi again hit out at the latter for the demonetisation of high value currency notes.
-
Finance Minister Arun Jaitley Hints Not All Scrapped Currency Will Be Remonetised
As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.
