Narendra Modi Cash Ban

Cash is the main source of election funding in India. Electoral bonds accounted for just around 10% of the total amount spent by parties and candidates in a single election cycle of five years from 2018 to 2023.

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.

Two years after India's Prime Minister Narendra Modi shocked the nation by banning high-value cash notes, the opposition is still trying to score political points from the damage done to the economy.

Former prime minister Manmohan Singh today shared his scathing assessment of demonetisation as intense political sparring between the government and the opposition marked the second anniversary of the cash ban. "It is often said that time is a great healer. But unfortunately, in the case of demonetisation, the scars and wounds of demonetisation are...

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.

As the dust settles on the demonetisation episode, the data show it didn't weed out black money or cash gained through illegal means, which was a key objective of Prime Minister Narendra Modi's plan. On the plus side, there's been some widening in the country's dismal tax base, an increase in digital payments and a drop in fake notes.

The Indian central bank's final tally of Prime Minister Narendra Modi's 2016 demonetization drive, intended to take money derived from tax evasion out of circulation, showed that 99.3 percent of outlawed high-value banknotes had been returned.

Demonetisation was not a mistake but a deliberate attack on citizens to help big businesses, Rahul Gandhi said on Thursday, stepping up his offensive against Prime Minister Narendra Modi and the government a day after the Reserve Bank of India (RBI) revealed that most of the banned cash had returned to the system.

The Congress alleged that Prime Minister Narendra Modi was "solely responsible" for the cash crunch in the country, claiming that it was a result of his notes ban decision.

A year after Prime Minister Narendra Modi's surprise move to scrap large value notes, by the ghats of his Lok Sabha constituency Varanasi, Balram ji, priest since 1996 and a city voter, says demonetisation damaged him economically; people were out of cash for months and he was unable to get dakshina or offerings for his religious rituals - his sour...

In the annals of economic experimentation, India's cash ban will stand out. Not because it was ill-advised, poorly executed or unsuccessful in achieving its original aims. Prime Minister Narendra Modi's move to outlaw 86 percent of his country's currency a year ago today was all those things. What made it remarkable, though, was the way it flew aga...

When Prime Minister Narendra Modi voided almost all of India's cash last year, Kuldeep Mishra's savings were turned into worthless paper. The vegetable wholesaler was forced to spend hours in bank queues and his business suffered for a month.

In another scathing attack on the government, Rahul Gandhi on Thursday accused Prime Minister Narendra Modi and his government of "killing" the economy with "two quick shots to the chest," referring to last year's notes ban and new national tax GST, which he also alleged has "unleashed a tsunami of tax terrorism."

Bihar Chief Minister Nitish Kumar is still bullish on demonetisation as a winning strategy against black money, despite a central bank report saying that 99 per cent of all the cash voided by Prime Minister Narendra Modi last November is back in banks.

Cash is the main source of election funding in India. Electoral bonds accounted for just around 10% of the total amount spent by parties and candidates in a single election cycle of five years from 2018 to 2023.

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.

Two years after India's Prime Minister Narendra Modi shocked the nation by banning high-value cash notes, the opposition is still trying to score political points from the damage done to the economy.

Former prime minister Manmohan Singh today shared his scathing assessment of demonetisation as intense political sparring between the government and the opposition marked the second anniversary of the cash ban. "It is often said that time is a great healer. But unfortunately, in the case of demonetisation, the scars and wounds of demonetisation are...

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.

As the dust settles on the demonetisation episode, the data show it didn't weed out black money or cash gained through illegal means, which was a key objective of Prime Minister Narendra Modi's plan. On the plus side, there's been some widening in the country's dismal tax base, an increase in digital payments and a drop in fake notes.

The Indian central bank's final tally of Prime Minister Narendra Modi's 2016 demonetization drive, intended to take money derived from tax evasion out of circulation, showed that 99.3 percent of outlawed high-value banknotes had been returned.

Demonetisation was not a mistake but a deliberate attack on citizens to help big businesses, Rahul Gandhi said on Thursday, stepping up his offensive against Prime Minister Narendra Modi and the government a day after the Reserve Bank of India (RBI) revealed that most of the banned cash had returned to the system.

The Congress alleged that Prime Minister Narendra Modi was "solely responsible" for the cash crunch in the country, claiming that it was a result of his notes ban decision.

A year after Prime Minister Narendra Modi's surprise move to scrap large value notes, by the ghats of his Lok Sabha constituency Varanasi, Balram ji, priest since 1996 and a city voter, says demonetisation damaged him economically; people were out of cash for months and he was unable to get dakshina or offerings for his religious rituals - his sour...

In the annals of economic experimentation, India's cash ban will stand out. Not because it was ill-advised, poorly executed or unsuccessful in achieving its original aims. Prime Minister Narendra Modi's move to outlaw 86 percent of his country's currency a year ago today was all those things. What made it remarkable, though, was the way it flew aga...

When Prime Minister Narendra Modi voided almost all of India's cash last year, Kuldeep Mishra's savings were turned into worthless paper. The vegetable wholesaler was forced to spend hours in bank queues and his business suffered for a month.

In another scathing attack on the government, Rahul Gandhi on Thursday accused Prime Minister Narendra Modi and his government of "killing" the economy with "two quick shots to the chest," referring to last year's notes ban and new national tax GST, which he also alleged has "unleashed a tsunami of tax terrorism."

Bihar Chief Minister Nitish Kumar is still bullish on demonetisation as a winning strategy against black money, despite a central bank report saying that 99 per cent of all the cash voided by Prime Minister Narendra Modi last November is back in banks.