Modi Currency Ban

Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government

Maharashtra BJP MLA Ram Kadam added Prime Minister Narendra Modi and Hindutva ideologue VD Savarakar to mix as he suggested four new currency notes in a race set off by Arvind Kejriwal's demand to put Hindu deities' images on the notes.

Prime Minister Narendra Modi urged cooperation between the world's democracies to ensure cryptocurrencies like Bitcoin do not "end up in the wrong hands," delivering the comments while his government drew up new rules for digital currencies.

It was supposed to be the grand launch of the BJP's Delhi campaign by Prime Minister Narendra Modi. But the protracted Modi speech at Delhi's Ram Lila Maidan was loaded with dollops of denial about the flawed CAA/NRC which has seen at least 20 people killed in nationwide protests. There was also plenty of the Modi self-pity last on display during a...

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...

The Congress today alleged that the Election Commission is not taking any action against the ruling BJP despite the many cases of poll code violation reported against them. The party also showed a video, claiming it was an expose on currency exchange conducted by the government after demonetisation.

Police on Sunday seized Rs 3.5 crore in banned notes from a village in Gujarat. Four people have been arrested in connection with the case.

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.

Prime Minister Narendra Modi's administration hasn't assessed the impact of one of history's most sweeping changes in currency policy. "No Madam," was the junior finance minister's reply to a lawmaker's question in parliament Dec. 14 on whether the government had studied the aftereffects of the move in November 2016 to invalidate almost all of the ...

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 "...

Individual investors started returning to collective investment vehicles after the 2014 general elections, hoping for a reset to an economy held back by corruption scandals and policy paralysis. They doubled down after Prime Minister Narendra Modi's shock November 2016 currency ban pulled 86 percent of people's cash into bank accounts.

Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...

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 ...

Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government

Maharashtra BJP MLA Ram Kadam added Prime Minister Narendra Modi and Hindutva ideologue VD Savarakar to mix as he suggested four new currency notes in a race set off by Arvind Kejriwal's demand to put Hindu deities' images on the notes.

Prime Minister Narendra Modi urged cooperation between the world's democracies to ensure cryptocurrencies like Bitcoin do not "end up in the wrong hands," delivering the comments while his government drew up new rules for digital currencies.

It was supposed to be the grand launch of the BJP's Delhi campaign by Prime Minister Narendra Modi. But the protracted Modi speech at Delhi's Ram Lila Maidan was loaded with dollops of denial about the flawed CAA/NRC which has seen at least 20 people killed in nationwide protests. There was also plenty of the Modi self-pity last on display during a...

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...

The Congress today alleged that the Election Commission is not taking any action against the ruling BJP despite the many cases of poll code violation reported against them. The party also showed a video, claiming it was an expose on currency exchange conducted by the government after demonetisation.

Police on Sunday seized Rs 3.5 crore in banned notes from a village in Gujarat. Four people have been arrested in connection with the case.

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.

Prime Minister Narendra Modi's administration hasn't assessed the impact of one of history's most sweeping changes in currency policy. "No Madam," was the junior finance minister's reply to a lawmaker's question in parliament Dec. 14 on whether the government had studied the aftereffects of the move in November 2016 to invalidate almost all of the ...

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 "...

Individual investors started returning to collective investment vehicles after the 2014 general elections, hoping for a reset to an economy held back by corruption scandals and policy paralysis. They doubled down after Prime Minister Narendra Modi's shock November 2016 currency ban pulled 86 percent of people's cash into bank accounts.

Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...

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 ...