Demonetisation Benefits-in-india

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Demonetisation Benefits-in-india - Total results - 9
Demonetisation anniversary: India is ready to accept change is evident in fast adoption of digital payments, say experts
Business

Demonetisation anniversary: India is ready to accept change is evident in fast adoption of digital payments, say experts

Demonetization strengthened the Digital India initiative launched by Prime Minister Modi and brought more transparency in the system.

Demonetisation anniversary: It was hardest hitting attack on black money, gave decisive blow to terrorism, naxalism
Business

Demonetisation anniversary: It was hardest hitting attack on black money, gave decisive blow to terrorism, naxalism

It is important to take into account that the economy has been formalised to a large extent only because of demonetisation, writes Syed Zafar Islam, national spokesperson of the BJP

Demonetisation anniversary: Better implementation could have minimised people's suffering
Business

Demonetisation anniversary: Better implementation could have minimised people's suffering

tax evaders had managed to legalize their unaccounted money using mules and proxies to make deposits, made high-value purchases using back-dated bills and colluded with bank officials to exchange old currency.

Demonetisation anniversary: Narendra Modi govt is in a state of denial, packages current problem as future opportunity
Business

Demonetisation anniversary: Narendra Modi govt is in a state of denial, packages current problem as future opportunity

Picture the anniversary day of demonetisation like an after-match press conference in which India's cricket captain says the game was good practice to win the next series. It does sound hollow.

Currency back in circulation at 91%, digital payments up but fluctuating; cashless economy a long way off
Business

Currency back in circulation at 91%, digital payments up but fluctuating; cashless economy a long way off

The number and value of digital payments has increased compared with the pre-demonetisation level, but by varying extents each month.

Demonetisation anniversary: Ban on Rs 500, Rs 1,000 jolted status quo, created new templates for financial conduct
Business

Demonetisation anniversary: Ban on Rs 500, Rs 1,000 jolted status quo, created new templates for financial conduct

Digitization is again a long process, but the behaviour change of not using cash as default could only be driven by a shock like demonetisation.

What happened in first 2 months of note ban alone was an unforgivable catastrophe: Jean Dreze
Business

What happened in first 2 months of note ban alone was an unforgivable catastrophe: Jean Dreze

Prime Minister Narendra seems to have really believed in the myth that black money is a gigantic hoard of cash, waiting to be raided, says Jean Dreze

Demonetisation-hit small, medium firms were limping back when GST added to the pain, say companies
Business

Demonetisation-hit small, medium firms were limping back when GST added to the pain, say companies

Demonetisation has been blamed for an adverse impact on the economy in the short run, as its "benefits are yet to overtake" the costs, Ernst & Young said in a report

One year of demonetisation: Narendra Modi tried to do an Indira Gandhi but ended up being another Morarji Desai
Business

One year of demonetisation: Narendra Modi tried to do an Indira Gandhi but ended up being another Morarji Desai

Indira Gandhi could make bank nationalisation the biggest plank of her Garibi Hatao slogan. But Narendra Modi failed to replicate it with demonetisation