Making it apparent that demonetisation along with the surgical strikes across the Line of Control (LoC) will be two major campaign issues for the Bhartiya Janata party Amit Shah described them as "historic", claiming that the note ban decision would result in more revenues that would be spent on pro-poor welfare measures.
In the weeks following demonetisation, the tourism industry in Goa has been hit badly with both local and foreign tourists leaving early after being inconvenienced by the note ban. Bookings also fell rapidly in Kerala and Karnataka
The Bharatiya Janata Party has announced that it will hold a key party meet at 9.30 am on Thursday where it will discuss the issue of demonetisation and will be broadcast live. Prime Minister Narendra Modi will be addressing the nation as well, the news channel said.
While queues outside ATMs doesn't seem to be ending anytime soon, authorities have confiscated more than rupees four crores in the new currency notes over the last 24 hours, raising questions on the effectiveness of demonetisationin in curbing black money and corruption
Delhi Police raided a hotel in Karol Bagh here and recovered Rs 3.25 crore in demonetised notes from five persons, police said on Wednesday
The Income Tax Employees Federation and Income Tax Gazetted Officers Association (Andhra Pradesh and Telangana) on Tuesday urged the Centre to fill up the vacancies and take other steps to ease the workload in the wake of demonetisation
Launching a scathing attack on Congress, Finance Minister Arun Jaitley on Tuesday said the party's "scandalous record" is making it extremely uncomfortable with the Modi government's anti-corruption campaign of which the demonetisation of high value currency is a cornerstone
Former finance minister P Chidambram hit out at the Narendra Modi government on Tuesday for its "mismangement" of the demonetisation drive, saying that the move has broken the back of the people, and will have long-term effects on the Indian economy.
As if the Opposition's tirade against the ill effects of demonetisation weren't enough, the labour arm of the Rashtriya Swayamsevak Sangh (RSS) on Friday criticised the Narendra Modi government , claiming that more jobs have lost since the move was announced on 8 November
Mamata Banerjee also claimed that almost 90 people have died due to hardships following demonetization of high value notes.
Supriyo said that no one can point out that either him or any of his party leaders had given ticket to this particular person for exchange of money.
Akhilesh also announced assistance of Rs 2 lakh each to families of victims who died while exchanging notes or in ATM queues after verification
Demonetisation is taking a toll on Indian diplomacy, with Russia lodging a strong protest over cash shortage affecting the functioning of its embassy here and threatening retaliatory action.
The Income Tax Department did not take into consideration two high level declarations made by Ahemdabad-based Maheshkumar Shah, which was reported prominently, as well as another made from Mumbai.
Moody's added there will be loss of wealth for individuals and corporates with unreported income, as some will choose not to deposit funds back into the formal financial system to avoid disclosing the sources of these funds