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.
A year since, while the Government is celebrating “Anti Black Money Day” with claims that demonetisation has cleansed India’s financial system, brought down terror, and prostitution, the Opposition is marking a “Black Day”.
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
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
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
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.
All key design specifications will be that of the new RS 500 notes issued after demonetisation
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.
It said as part of their conspiracy, they allegedly exchanged old notes to the tune of Rs 1.17 crore with the new currency issued by the Reserve Bank of India.
Jaitley said the cost of the currency note is the function of direct and indirect material and labour cost, which changes every year.
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.
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
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.
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.
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.
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.
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.
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
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.
Demonetisation story is taking new turns rapidly with changing goal posts and theories of uncertain gains in the long term