Keyword : Demonetisation

Digital wallet companies give thumbs up to demonetization

 Digital payment companies have showered praise on prime minister Modi for what they described as a bold decision to scrap currency notes of Rs 500 and Rs 1,000 denomination. Some na

Demonetisation will not have a big bang impact: Experts

Prime minister Narendra Modi’s address to the nation on Tuesday evening caught everyone, not just black money hoarders, by surprise. Minutes after the announcement, the news about Rs 500 and

Demonetisation: Stories and reports you must read

While you are in queue to get your cash replaced at banks and post-offices or awaiting your turn at ATMs, we present a quick reading list that might give you certain idea on demonetisation, bla

Did anybody do any homework before launching this surgical strike?

As soon as the government announced its decision to demonetise Rs 500 and Rs 1,000 notes on the night of November 8, there has been an emergency-like situation across the country. With serpentine q

Purple is the new black

The man standing in front of me shifted his weight from his left leg to the right leg. A minute later he gazed forlornly at the serpentine queue outside the ATM, adjusted his spectacles and shifted

Black money debate in black and white, with a touch of saffron

“It’s a war; it’s a mahayajnya. You have to decide on whose side you are.” -- M Venkaiah Naidu, in parliament on November 17   In

What foreign media says about Modi and demonetisation

While the nation struggles to adapt to changes since demonetisation, foreign media has been widely covering the Narendra Modi government’s move and the public’s response.

The Sitaram speech: Big crocodiles have survived and small fish have died

What Sitaram Yechury of CPM said during the demonetisation debate in the Rajya Sabha on November 16 (mildly edited and truncated for clarity):  [...] If you don’t

The unending queue and a proud banker

“Mom, I have no cash, can’t come home. Can you come here and bring along some money?”  The early morning SOS message from my daughter, a student of tourism studies in Agra, o

7 things govt should have known before launching the surgical strike

It’s been 10 days of suffering and chaos for people,and the way the government is continuously learning from its mistakes - announcing reliefs and exemptions, and then even rolling back some

Stories you must read over the weekend

 “Our farmers have been modifying their crops for centuries through the method of conventional breeding. But here we have not modified but *genetically engineered* the mustard parental l

Demonetization in 1978 didn’t impact common man: Retired banker

 “I was branch manager at the SBI branch in Meerut. Rs 1,000 was a very big amount those days and Rs 500 denomination currency did not exist. The target group at that time were only rich

Survey: What do *you* think of the currency ban?

You have read (or heard or seen) countless analyses, points-counterpoints, theories-conspiracy theories and allegations-counter-allegations on the historic move to ban high-denomination currency no

Recession is likely: Prof Arun Kumar on demonetisation

 Demonetisation is not the way to tackle black economy and it will in fact affect the white economy, believes Arun Kumar, a former professor of economics at the Jawaharlal Nehru University (JN

Tamil Nadu villagers hit hard by demonetisation

Murugammal, 45, has an unhealthy pale appearance. She has no money to go and get her further medical tests done. She goes inside her thatched hut to fetch an X-ray report. “I just had Rs 1,00

Demonetisation adversely impacts GAIL

 In what could be seen as a direct impact of demonetization on the transport sector, huge inventories have piled up at Gas Authority of India Limited’s (GAIL) petrochemicals facilities a

Reintroduction of Rs 1,000 note not necessary: Prof Dholakia

 “It is not necessary to have re-introduction of Rs 1,000  when there is already a Rs 2,000 rupee and Rs 500 rupee new note. There is no as such compelling reason but as far as it i

E-wallet limit doubled to Rs 20,000, says Shaktikanta Das

The Reserve Bank of India (RBI) on Wednesday doubled the balance that can be kept in prepaid wallets and cards to Rs 20,000. Also, merchants can transfer up to Rs 50,000 per month from these so-cal

E-wallet limit doubled to Rs 20,000

 The Reserve Bank of India (RBI) on Wednesday doubled the balance that can be kept in prepaid wallets and cards to Rs 20,000. Also, merchants can transfer up to Rs 50,000 per month from these

While we stand in queues, world learns free lessons

By far the most sweeping change in currency policy that has occurred anywhere in the world in decades: that’s what former US treasury secretary and Harvard economist Lawrence H Summers along

Thursday is last day to exchange old notes at public utilities

After prime minister Narendra Modi announced demonetization on November 8, people were allowed to use the old currency notes at government hospitals, railway ticketing, public transport, airline ti

If you (really) want to fight black money, won’t Lokpal make more sense?

Remember the Lokpal? The one-point panacea for all corruption and black money. It is a law, on the statute book. And while the government has launched a surgical strike against black money that has

Mobile ATM: When joy knew no bounds

Someone breathlessly said: “Mobile ATM has come. Mobile ATM has come.” The message had an electrifying effect on the employees. Amid whoops of joy, they promptly went scurrying out of t

MMS calls currency chaos organized loot, Jaitley delivers stinging retort

Former prime minister Manmohan Singh and finance minister Arun Jaitley sparred over demonetization in parliament on Thursday. Manmohan spoke of the “monumental management failure” in im

In 1978, the common man was not hurt at all

The sudden announcement of demonetisation came as an inconvenience to 76-year-old SK Nangia. The morning after November 8, he had to travel to Hastinapur from Delhi by road, covering a distance o

The same blues on the other side of the counter

Since November 8, never-ending queues, rising tempers, despair and frustration have become a routine. It’s a nightmare for people who are struggling to deposit or exchange money at banks. And

BJP’s a/c declaration is utterly non sequitur

Prime minister Narendra Modi has asked all MPs and MLAs of his party to come clean, and declare their bank transaction details to the party chief. Somewhat like demonetisation itself, it is pointle

When, where and how are the ministers depositing ‘cash on hand’?

The prime minister has directed MPs of his Bharatiya Janata Party (BJP) to declare their bank transactions to the president of the party in a bid to lead by example to come clean on their actions a

People are adapting faster than we had thought: Nirmala Sitharaman

As part of the government, how do you look at demonetisation? It’s by far the bold… the boldest of all the steps, in line with several other steps the g

How to live cashless in this cash crunched economy

 Demonetisation has taken the Indian economy and social media by a storm. We are all facing much inconvenience due to shortage of cash in hand. Hence, we need to find more ways to survive with

The great Indian flip-flop trick

Chances are you have already chosen which side of the fence you are on when it comes to the demonetisation debate. Demonetising 86% of the currency is an unprecedented step and India is flying by t

Currency change: “Long-run gains depend on implementation”

Like many of us in India, Kenneth Rogoff, a Harvard professor and former chief economist at IMF, backs the logic behind India’s demonetisation and balks at its implementation.

The really cashless economy

Villages are emptying out, but 67 percent of people still live in rural and semi-rural areas – where there are few banks, where getting to an ATM may take half a day, where many have not seen

Procedural changes from 1978 may have created huge loopholes

On November 8, the Government of India announced its decision to pull high-value currency notes of Rs. 500 and Rs. 1,000 denomination out of circulation, with immediate effect. A detailed procedure

“What is the logic of demonetising Rs 500-1,000 notes and then printing Rs 2,000 note?”

How do you see demonetisation as a way of curbing black economy? Demonetisation is not the way to tackle black economy. The reason is that the black money is in circulation

Exchanging notes

Reasons given for demonetisation   To control counterfeit notes that could contribute to terrorism To undermine or eliminate black econom

Cash Line: Demonetisation woes in Manipur

Demonetisation has been testing the patience of the public across the country. Imphal, the capital of Manipur, is no exception.   

Don’t think black money can be completely stopped: Former top IT official

Do you think demonetization will help weed out black money? It is too early to say. Only when the final results are in by December 31, we will know if black money has bee

Demonetisation is a regressive and anti-poor measure: KC Chakrabarty

Dr KC Chakrabarty, former deputy governor, Reserve Bank of India, headed currency management at the central bank before taking premature retirement in March 2014. Known for his frank an

Demonetisation will dampen growth: ADB

India’s surprise demonetisation of Rs 500 and Rs 1,000 banknotes will likely dampen growth this year, but South Asia remains the region’s fastest-growing sub-region, said the Asian Deve

Demonetisation: Revised income tax returns may be scrutinised

If you are planning to file a revised income tax return following demonetisation, then be warned. The income tax department will be looking out for manipulation or fudging and such cases may be tak

CMAI to educate people on online transactions

CMAI association of India will soon launch online training programmes for free and an educational campaign for the use of e-transactions, the association announced at a press conference held in Del

Steps have been taken to tackle black money: Amitabh Kant

The government has initiated numerous steps to combat the scourge of corruption and black money in the last two and a half years, said NITI Aayog CEO Amitabh Kant on Thursday. Addres

Demonetisation severely imperilled India’s economy: Harvard Business Review

India is in the throes of an unprecedented social experiment in enforced digital disruption, and the world has much to learn from it, said an article: ‘India’s Botched War on Ca

Demonetisation blues: From cashless to homeless

For a single woman to live in a city like Delhi is not an easy task. People are amazed when I say; I have been staying alone for more than a decade now. They wonder what it takes to live such a lif

Will taxes be abolished after currency ban? ICAI clarifies again

How can one sustain people’s support for demonetisation when they are beginning to realise that there was zero planning behind it, none of its touted benefits are coming true, and their pain

Two counts of failure

The Indian government has audaciously put the demonetisation show on the road, though with little consideration of infrastructural, banking and connectivity back-up. After making his own set of pol

Hulkonomics and the 2D effect (Or how I learned to stop worrying and love demonetisation)

A close friend, stock market wizard and intellectual sparring partner, also a Marvel Comics and Stan Lee fan, has been keenly following the demonetisation debate in media and elsewhere. &ld

Demonetisation: Rule changed yet again

One thing consistent about demonetisation has been the ever-changing rules. Monday saw a new rule in place. One can now deposit the scrapped currency of Rs 500 and Rs 1,000

Are we ready to go cashless?

Anya Shankar, a resident of Delhi, became nervous when her Paytm passbook went blank. A message from the company popped on her screen saying it was a “temporary glitch”. “Because

Demonetisation impact on formal remittances could be significant: Expert

The longer run impact of demonetisation on formal domestic remittances could be significant. Following up on a major financial inclusion initiative (Jan Dhan Yojana) and new payments banks, this mo

CMAI suggests ways for better implementation of digital economy

Calling demonetisation a bold step by the Narendra Modi government, CMAI association of India noted that the move will help curb black money from the economy and push digital economy.

How Modi hacked the hackers

 I was glued to the television screen, following the US presidential election coverage. In the midst of an extremely intense television debate, where each participant was grappling for airtime

Reverse Bank of India

 The Reserve Bank of India on Wednesday withdrew its order of December 19 which had stipulated that the demonetised currency notes could be deposited only once in the quantum of Rs 5,000 or mo

Currency in circulation plunged by Rs 7.4 trillion up to December 2: RBI

Liquidity conditions have undergone large shifts in Q3 so far, said the Reserve Bank of India which added that surplus conditions in October and early November were overwhelmed by the impac

Demonetisation hits handicraft business at Rann Utsav

Mangal Bhai Rama Harijan is a craftsman from Kawada village, 50 kilometres from the Great Rann of Kutch in Gujarat, the place where India’s most prominent cultural festival takes place every

Demonetisation sickening: Steve Forbes

Prime minister Narendra Modi, for so long a darling of business and industry, has received an editorial rap from business glossy Forbes for demonetisation. The move, which is being criticised heavi

PSUs are in direct competition with private sector: Ram Vilas Paswan

Public sector today plays a big role in the economy and it is in “direct competition with the private sector”, said Ram Vilas Paswan, union minister of consumer affairs, food and public

We won’t shy away from taking difficult decisions: Modi

“This government will continue to follow sound and prudent economic policies, to ensure that India has a bright future in the long run. We will not take decisions for short term political poi

Post-truth? Take demonetisation, for instance…

How would you describe the post-truth phenomenon in the Indian context? Speaking in the context of post-truth, we have a live instance of it in the demonetisation pl

Demonetisation is a major driver that is forcing people towards digital payments: Nasscom president

From demonetisation’s impact on the digital economy to the growth of IT industry in the Trump era, NASSCOM president R Chandrashekhar shares his views with Taru Bhatia.&n

Mayawati defends Rs 104 crore deposit, says every rupee is accounted for

Rejecting the allegation of more than Rs 104 crore deposits in the bank account of the Bahujan Samaj Party (BSP) post demonetisation, BSP supremo Mayawati launched a seething attack at the centre a

Demonetisation undermines the right to food and the right to life

The right to food campaign is dismayed by the Indian government`s reckless attempt to renew currency notes, known as "demonetization", without any serious attention to the consequences it

The hashtags that ruled twitter

2016 has been an eventful year on social media. Right from #Notebandi to #Rio2016 as well as #DelhiPollution and #SurgicalStrikes, people discussed and hotly debated on mini blogging site Twitter a

Critical part of remonetisation already behind us: Jaitley

“Assessment can be unreal but revenue is real. And therefore many of these indicate that now with the critical part of the remonetisation already behind us, and there being significant impact

2016: It’s fake, it’s viral, it’s news!

Learned obits were written to Truth in the year that went by. The incredible came to be believed, driven by the logic of several million tweets, retweets and WhatsApp forwards. And ’post-trut

Demonetisation: Fifty days and still shaking

Winter mist hangs over Johra, a village of 928 people situated on the Ganga canal, 50 km east of New Delhi, in Ghaziabad. It is colder here than in Muradnagar, the nearest town, on the Delhi-Meerut

The year that was

2016 was a year that kept India on the edge. The dramatic decision to scrap Rs 500 and Rs 1,000 currency notes was like a bolt from the blue, forcing people to stand in serpentine queues at banks a

A swipe won’t get you a ticket here

One day last December, Shyam Kishore got into an argument with a railway clerk at Meerut City station. Kishore, who commutes daily by train between Meerut and Ghaziabad, had decided to renew his mo

It’s going to be a busy 2017 for India

The year 2017 will see India roll out the Goods and Services Tax (GST), the country’s biggest indirect tax reforms. The target date is April 1, but it could be pushed back. GST is essentially

The political anatomy of Modi’s surgical strike

Concerned about the abuse of power, French sociologist David Émile Durkheim in 1912 wrote that there could be no society which, at regular intervals, did not feel the need to uphold and reaf

Faking the future

Prediction is risky: go wrong, and you lose credibility; get it right, and your worst dreams come true. While other bold and learned haruspices of journalism inspect the entrails of 2016 to project

We’re still reconciling figures: RBI

The Reserve Bank of India on Thursday clarified that it was still in the process of reconciling the figures of the demonetized currency, following media reports which said that most of the scrapped

Demonetisation may lead to temporary slowdown of economy: Mukherjee

Demonetisation, while immobilising black money and fighting corruption, may lead to temporary slowdown of the economy, said president Pranab Mukherjee on Thursday. “We all will

Govt must not renege on the commitment made on November 8

People may recall the passionate justification that prime minister gave on November 8 when he announced the decision to demonetise currency notes of Rs 500 and Rs 1,000 denomination. The entire cou

Demonetisation carried pain, admits Arun Jaitley

The implementation of the demonetisation decision carried pain. “It can lead to short term criticism and inconveniences. Drop in economic activity on account of the currency squeeze during th

People will now use Rs 2,000 notes to store wealth: Fitch

There are considerable uncertainties over the potential positive effects of demonetisation, said global ratings agency Fitch. “Most importantly, demonetisation is a one-off event. People th

Aspirational India put up with historic decisions: Jaitley

Finance Minister Arun Jaitley today linked the near lack of public resistance to the Narendra Modi government’s move to ban currency of high denomination to the “aspirational Indians&rd

Agriculture has shown resilience to demonetisation effect: Niti Aayog blog

The growth story of agriculture is intact as demonetisation is found to cause small and insignificant effect on growth of output as well as farmers’ income, said a blog hosted on the Niti A

Benami property, black money and demonetisation

The Demonetisation, the black money and the benami property, the three vibrant words in the Indian economy, has impacted the life of people across the country. In the fight against black money, pri

Deconstructing demonetisation

These days demonetisation is too much with us. It started with the PM’s address on November 8 and ended with the PM’s address on December 31, but its aftershocks are still being felt. I

Demonetisation expected to temporarily dampen India’s oil appetite: Analysts

The dramatic rise in India`s oil demand shows no signs of faltering, leading analysts say that the country will remain a driver of Asian growth in 2017.  Consumption is expected to r

Why next polls are not a referendum on demonetisation

The dangal is on. The biggest political slugfest of the central government’s term is on, with elections announced in the five states of Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur. Al

Demonetisation and digitisation as nation-building

India is in the midst of a revolution. Demonetisation has impacted every family, business and institution, providing popular support to transform society, economy, polity and governance. To get the

DeMo can’t fight black money: Leading business body

  If fighting black money is the aim, demonetisation is the wrong weapon, says India’s largest and oldest business body.    “Demonetisat

Report cash deposits of Rs 10 lakh or more: CBDT to banks

Central Board Direct Taxes has asked banks to report cash deposits aggregating to Rs 10 lakh or more in a financial year, in one or more accounts (other than a current account and time deposit) of

Stories you must read over the weekend

  Manish Sisodia is the de facto chief minister. He’s in charge of all important departments including finance, planning, urban development, education. It’s rare that

Demonetisation will hit property sales: Fitch

 Fitch Ratings expects property sales in India to fall by at least 20%-30 percent in 2017, owing to disruption caused by demonetisation and general caution on the part of buyers. Homebuilders

How much cash political parties had pre-DeMo

While none of the political parties have so far volunteered detailed information about how they coped with the demonetisation-remonetisation drive, the audit reports for the financial year 2015-16

Free money? Seriously?

From Mahatma Gandhi’s Sabarmati Ashram to corporate talkshop Davos, it’s creating a buzz everywhere. If nothing is stronger than an idea whose time has come, then people in more and mor

Post DeMo, GDP growth in 2017-18 projected at 6.75 to 7.5 percent

Finance minister Arun Jaitley on Tuesday said that post demonetisation, once

“J&K could be an experimental ground for UBI”

In the Jammu and Kashmir budget, you have announced a basic income for construction workers, and also mentioned the concept of universal basic income. What was your rationale behind it?

Universal Basic Income: The big idea takes tiny steps

Sarath Davala has a strong opinion about public welfare. “The public welfare regime in India,” he says, “is an exercise in futility.” Some $20 billion (or about Rs 1.3 trill

Demonetisation impact transient: Arun Jaitley

Finance minister Arun Jaitley today invoked Mahatama Gandhi to justify the hardships faced by common people due to Narendra Modi Government’s decision of

Budget 2017: Govt allocates Rs 48,000 cr to MNREGA

The government in its union budget 2017-18 has increased Mahatma Gandhi Nati

How basic should basic income be?

Before one takes a call on whether or not India should go down the universal basic income (UBI) route, some myths about the UBI need to be addressed. A universal basic income is an unconditional, r

“Basic income should have maximum inclusion”

SEWA Bharat had initiated a unique pilot project on cash-for-food (that is, cash replacing PDS goods) in Delhi some time ago. However, the basic income pilot project in Madhya Pradesh goes

Demonetisation may delay Indian banks’ asset-quality recovery: Fitch

Demonetisation is likely to push back the recovery in Indian banks` asset quality, given the disruptive impact that cash shortages have had on the country`s large informal economy, said Fitch Ratin

Status check: President’s 2016 address to parliament

President Pranab Mukherjee addressed parliament on February 23, 2016. In his address, he outlined the major policy priorities of the government across different sectors. PRS legislative research ha

Post demonetisation, deployment of funds and credit growth a big challenge

Flush with funds after demonetisation, State Bank of India has trimmed its lending rate to revive credit demand. In an interview with Geetanjali Minhas, Rajnish Kumar, managing director (nation

Stories you must read over the weekend

From Mahatma Gandhi’s Sabarmati Ashram to corporate talkshop Davos, it’s creating a buzz everywhere. If nothing is stronger than an idea whose time has come, then people in more and m

Does the nation have a right to know anything about DeMO-ReMo?

The demonetisation of currency notes of Rs 1,000 and Rs 500 denomination that the government announced on November 8, 2016 and the subsequent remonetisation of the economy has affected almost every

Demonetisation done at the right time: Modi

Prime minister Narendra Modi on Tuesday defended the decision to scrap Rs 500 and Rs 1,000 currency notes, saying demonetisation took place at the right time to rid the Indian economy of black mo

Five stories you must read over the weekend

The National Sample Survey Organisation (NSSO), in one of the world’s largest surveys of employment trends, found the number of women employed falling from 126.49 million (29.4 perc

Digital payments are fine, but cash seems here to stay: Expert

If the finance ministry and the RBI are serious about promoting the shift to digitalisation, they’re going to need to increase the incentives and reduce the costs to average citizens, every

Demonetisation: When cash played peek-a-boo

Post-demonetisation, cash did the Houdini vanishing trick at ATMs. With currency notes playing hide and seek, life was sheer misery. Things improved a bit, but the situation is back to square one.

Universal Basic Income: The way forward

9.44 The irresistible force of even as powerful an idea as UBI will run into the immovable object of a resistant, pesky reality. So, what is the way forward, always remembering t

Demonetisation is short-term challenges for long-term gains: Usha Ananthasubramanian

Post demonetisation, what are the challenges faced by banks? Post demonetisation, the major challenges are retention of CASA [current account, savings account] dep

Cash Donations: More opacity – with legal backing too

While presenting the budget, the finance minister made an announcement about making donations to political parties more transparent. If the proposals to amend the relevant laws are approved by parl

Demonetisation posed a new challenge to growth: IMF

The Indian economy has recorded strong growth in recent years, helped by a large terms of trade gain, positive policy actions including implementation of key structural reforms, a return to normal

Stories to read over the weekend

On October 1 last year, Mehtab Alam Ansari, 30, who worked as a tailor in Delhi, had arrived in his village, Chepa Khurd in Barkagaon tehsil of Harazibagh district, to celebrate Eid with hi

Post-demonetisation slow down in GDP

 The growth in GDP during 2016-17 is estimated at 7.1 per cent as compared to the growth rate of 7.9 per cent in 2015-16, authorities said. The Central Statistics Office (CSO), Ministr

You are destroying all the institutions meant to counter corruption: Prashant Bhushan

  What is the thinking behind launching the Swaraj party? To answer that question, we have to go back in time and see why we formed the Aam Aadmi Party [AAP].

Countries are printing more and more of currency: RBI deputy governor

     “As regards death of currency, it is not a new subject. It has been predicted right from early 1950s,” said R Gandhi, deputy governor Reser

Stories to read over the weekend

Whether it is for learning, banking, communicating, accessing government services, investing in the stock market or starting a social media campaign, access to the internet has gone beyon

Demonetisation: Requests to change scrapped notes still pour in at RBI

 It’s been four months since demonetization took place, yet requests to change the scrapped Rs 500 and Rs 1000 currency notes are still coming at the Reserve Bank of India (RBI).

Anticipate more policies like demonetisation: Chinese media

Prime minister Narendra Modi`s popularity has been validated throughout the election, in which he made himself and his actions the main issue in many public speeches. The ability of Modi to deliver

World’s biggest UBI experiment in Kenya

The biggest ever universal basic income exercise is taking place in Kenya, and if it works, it may be replicated in other parts of the world. India too is looking closely at UBI, with pilot project

“Criticism of demonetisation was not properly articulated. This made the other message dominant.”

Demonetisation was purportedly ordered to fight black money, render counterfeit currency unusable, and choke terror-funding. How much of that did demonetisation really accomplish, while

For Modi govt, Lokpal is not priority, enemy property is

The government has told the supreme court that the Lokpal cannot be appointed because the 2013 law needs several amendments, which will be taken up only in the monsoon session. The N

The secret of Modi’s success

Here is a proposition: Narendra Modi is the top  thinker, the top intellectual of our times. Is that an exaggerated claim? Not altogether. Here’s why. After Brexit and aft

Stories you must read over the weekend

Joseph A Cannataci is the UN’s first and current special rapporteur for the right to privacy appointed by the Human Rights Council (HRC) in July 2015. His appointment came with growing glob

The magic of Moditva

The well-turned-out officials had reached the sachivalaya in Gandhinagar on time, believing it would be another routine meeting with the chief minister. As soon as they had settled in, the

Minimum income schemes needed for job loss due to automation: Study

With the Indian IT and other industries facing daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a case for government –ind

Clean Money: Yet another follow-up to make the most of demo

Trying to make the most of the demonetisation drive, the government has taken yet another follow-up step and launched an Operation Clean Portal. Its aim is to “enable citizen engagement for c

On DeMo, yet another goal post change

Some think there is only one way to score a bull’s eye, by hitting the bull’s eye. Then there are creative souls, who first shoot, and then draw a bull’s eye around the

Transitory effects of demonetisation have lingered on: RBI

The Reserve Bank of India on Wednesday kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 percent and the Monetary Policy Committee noted that incoming data

Strongest world growth expected since 2010: Fitch

 At a time when the government is claiming that the dip in the GDP is due to global economic slowdown and not because of demonetisation, the recovery in the global growth is in fact strengthen

Demonetisation not meant to change cash use by people: Harvard economist

 Here are 10 things that Kenneth Rogoff, Thomas D Cabot professor of public policy, department of economics, Harvard University, and author of `The Curse of Cash`, said about demonetisation at

Demonetisation impacted terrorism: minister

The scrapping of Rs 500 and Rs 1,000 currency had a positive impact in the fight against terror in the country; the Rajya Sabha was informed on Wednesday.   Since ill

Almost 99 percent of demonetised currency is back: RBI

As much as Rs 15.28 lakh crore out of Rs 15.44 lakh crore of the scrapped currency has come back, the Reserve Bank of India said on Wednesday. RBI released its annual report 2017 whic

Immediate impact of demonetisation on tax collections was muted

The tax base did expand after demonetisation, said the Economic Survey 2016-17 volume 2, which added: “It is, however, interesting that the average income reported of the new taxpayers-Rs.

The central challenge of India is job creation: Rahul Gandhi

 For the first time in our history, India has the opportunity to wipe out poverty. If India is able to lift another 350 million people out of poverty by 2030, it would be an achievement that t

Demonetisation, GST caused setback to economy: World Bank

Disruptions from demonetisation and events surrounding the implementation of GST led to a setback in economic activity and a potentially larger negative effect on the poor and vulnerable, said a Wo

Slowdown effect of demonetisation, GST more or less played out: Jaitley

There is clear evidence now that slowdown effect of demonetisation and GST has now more or less played it out, said finance minister Arun Jaitley Participating in an interactive semi



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