Modi Government Currency Notes

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

The government had discontinued the old currency notes in November 2016, after Prime Minister Narendra Modi announced demonetisation.

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.

Left parties on Sunday hit out at the government over the state of the economy and blamed the Centre's demonetisation policy for it. The demonetisation of high-denomination currency notes was announced by the government on November 8, 2016.

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.

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 ...

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 "...

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 ...

Reiterating his disapproval for NDA government's demonetization move, former finance minister Yashwant Sinha's on Monday compared Prime Minister Narendra Modi to a 16th century ruler who had demonetised currency during his reign in India. Tagging notesban as "tax terrorism", Mr Sinha said the country has gone back five centuries to repeat the mista...

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...

Growth in Asia's third-largest economy has been slowing for the past five quarters, blamed by experts on a chaotic roll out of the goods and services tax and a surprise ban on currency notes to pin down tax evaders.

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

New Rs 200 notes will be launched today, the Reserve Bank of India (RBI) announced today in a press release days after introducing new fluorescent blue Rs 50 banknotes. This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders. The gov...

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

The government had discontinued the old currency notes in November 2016, after Prime Minister Narendra Modi announced demonetisation.

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.

Left parties on Sunday hit out at the government over the state of the economy and blamed the Centre's demonetisation policy for it. The demonetisation of high-denomination currency notes was announced by the government on November 8, 2016.

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.

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 ...

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 "...

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 ...

Reiterating his disapproval for NDA government's demonetization move, former finance minister Yashwant Sinha's on Monday compared Prime Minister Narendra Modi to a 16th century ruler who had demonetised currency during his reign in India. Tagging notesban as "tax terrorism", Mr Sinha said the country has gone back five centuries to repeat the mista...

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...

Growth in Asia's third-largest economy has been slowing for the past five quarters, blamed by experts on a chaotic roll out of the goods and services tax and a surprise ban on currency notes to pin down tax evaders.

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

New Rs 200 notes will be launched today, the Reserve Bank of India (RBI) announced today in a press release days after introducing new fluorescent blue Rs 50 banknotes. This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders. The gov...