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Biggest haul of demonetised currency seized from Kanpur home; cash worth nearly Rs 100 crore recovered
India

Biggest haul of demonetised currency seized from Kanpur home; cash worth nearly Rs 100 crore recovered

The NIA and Uttar Pradesh police have recovered banned currency notes worth close to Rs 100 crore from a house in Uttar Pradesh's Kanpur.

Demonetisation: Narendra Modi has won the battle of perception; Opposition is barking up the wrong tree
India

Demonetisation: Narendra Modi has won the battle of perception; Opposition is barking up the wrong tree

Instead of presenting the return of banned noted as proof of failure of demonetisation, it would be better for Opposition to focus on the negatives of the exercise that impacted the people

Demonetisation: RBI data shows 99% of banned notes returned; it was indeed a failure
Business

Demonetisation: RBI data shows 99% of banned notes returned; it was indeed a failure

With the release of the demonetisation data, the government and the RBI will have to answer many uncomfortable questions

Demonetisation: Supreme Court asks Narendra Modi govt to consider giving window to deposit old notes
Business

Demonetisation: Supreme Court asks Narendra Modi govt to consider giving window to deposit old notes

Rekindling hopes, the Supreme Court on Tuesday asked the government and the RBI to consider granting a window to those who have not been able to exchange old notes of Rs 500 and Rs 1,000 notes following demonetisation, for genuine reasons

Demonetisation: Shiv Sena claims credit as Centre allows cooperative banks to deposit old notes
India

Demonetisation: Shiv Sena claims credit as Centre allows cooperative banks to deposit old notes

The Shiv Sena on Wednesday claimed credit for the Union government's decision to allow the district central cooperative (DCC) banks among others to deposit demonetised currency with RBI by 20 July.

Public Accounts Committee can summon Prime Minister Narendra Modi, maintains outgoing panel chief KV Thomas
Politics

Public Accounts Committee can summon Prime Minister Narendra Modi, maintains outgoing panel chief KV Thomas

Chairman of the Public Accounts Committee KV Thomas on Sunday maintained that the key parliamentary panel could summon anyone from the council of ministers, including the prime minister.

Uttarakhand Election 2017: Demonetisation and surgical strike will be main poll planks for BJP
Politics

Uttarakhand Election 2017: Demonetisation and surgical strike will be main poll planks for BJP

One of the biggest moves by prime minister Narendra Modi in 2016 was the demonetisation — rendering old Rs 1000, Rs 500 as illegal tender — effects of which are still being felt in 2017.

Demonetisation: RBI raises daily ATM withdrawal limit to Rs 10,000 per card from Rs 4,500
Business

Demonetisation: RBI raises daily ATM withdrawal limit to Rs 10,000 per card from Rs 4,500

The fears of shortage and cash hoarding by customers are unlikely to go away completely as the RBI continues to withhold details about currency printing and supply

Note ban: NRIs carrying old notes to disclose the amount to Customs
India

Note ban: NRIs carrying old notes to disclose the amount to Customs

NRIs and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get declaration form stamped.

Demonetisation: Biscuit sales down post note ban, says Parle
Business

Demonetisation: Biscuit sales down post note ban, says Parle

The demonetisation drive has eaten into the growth momentum of the biscuits sector, which has seen sales fall by up to 1.5 percentage points, according to market leader Parle Products.

Demonetisation: Over Rs 51 lakh in 2,000 denomination notes seized in Kerala
India

Demonetisation: Over Rs 51 lakh in 2,000 denomination notes seized in Kerala

Unaccounted cash to the tune of Rs 51.86 lakh, almost all of them in Rs 2,000 denomination, was seized on Sunday by Kerala Excise officials from two passengers of a bus coming from Bengaluru at nearby Irrity, in the second major haul of currency in the last three days in the state.

Narendra Modi's Mann Ki Baat: Focus on digital payments, e-banking schemes
Politics

Narendra Modi's Mann Ki Baat: Focus on digital payments, e-banking schemes

Prime Minister Narendra Modi addressed the nation on 25 December, Christmas Day, with his 27th and final edition of Mann ki baat. He announced the launch of two short-term schemes which will promote digital banking to make the economy cashless.

Demonetisation: Narendra Modi and his exceptional talent of courting public opinion
India

Demonetisation: Narendra Modi and his exceptional talent of courting public opinion

No leader in India and perhaps no other political figure in any modern democracy could have survived the demonetisation crisis for seven weeks as Narendra Modi has.

Demonetisation effect: As tourists stay away, note ban puts 50 million livelihoods at risk
Business

Demonetisation effect: As tourists stay away, note ban puts 50 million livelihoods at risk

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

Demonetisation: A tale of two Reddys in Indonesia, one enhancing India's image, other sullying
Politics

Demonetisation: A tale of two Reddys in Indonesia, one enhancing India's image, other sullying

At a time when Narendra Modi has been making an attempt to use India’s soft power to extend its area of influence in the Asean region, the spectacular marriages like that of Janardan Reddy’s daughter are certainly bad advertisement for the country.

No deposits above Rs 5,000 more than once before 30 Dec; one more broken promise
Politics

No deposits above Rs 5,000 more than once before 30 Dec; one more broken promise

Demonetisation story is taking new turns rapidly with changing goal posts and theories of uncertain gains in the long term

Demonetisation: Watch Narendra Modi discuss note ban and 1971 war
India

Demonetisation: Watch Narendra Modi discuss note ban and 1971 war

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.

Rahul Gandhi’s ‘demonetisation bomb’: Ask 6 questions and stop the drama
Politics

Rahul Gandhi’s ‘demonetisation bomb’: Ask 6 questions and stop the drama

It’s time Congress Vice President, Rahul Gandhi, who presents himself as the leader of a united opposition to Prime Minister Narendra Modi on the demonetisation issue, end the high-drama and start asking the right questions.

Demonetisation: New notes seized across India raises concerns while ATMs run dry
India

Demonetisation: New notes seized across India raises concerns while ATMs run dry

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

Demonetisation: Delhi Police recovers Rs 3.25 crore in old notes from hotel raid
India

Demonetisation: Delhi Police recovers Rs 3.25 crore in old notes from hotel raid

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