Page 2 - Demonetisation

Demonetisation 'biggest corruption' in world, says Akhilesh Yadav

Samajwadi Party chief Akhilesh Yadav on Saturday termed demonetisation as the "biggest corruption" in the world. Speaking to reporters at the party office in Lucknow, Yadav said, "Demonetisation done by the BJP government (in 2016) is the biggest corruption in the world. To compensate for the fraud and loss of Rs 15 lakh crore in the country, this government (of the BJP) had taken the decision of demonetisation as a well thought out strategy." "The government got all the money of the public deposited in the banks. (It) took the money of the poor to fill the coffers of the rich. The prime minister had said that demonetisation will end corruption and terrorism. Inflation will be reduced. "But his claims proved to be false. Even after demonetisation, corruption did not reduce, inflation did not stop and terrorism did not end. Today, inflation, unemployment and corruption are at their peak in the country," he said. The SP further said, "As per statistics, even today, the cash market in

7 years of demonetisation: Change in use of cash in Indian economy

It's been seven years since the Centre announced demonetisation. A lot has happened since then. Digital India has risen, and customers' way of spending has changed. But is cash still the king?

Adhir Ranjan's jibe at PM as demonetisation exercise completes seven years

The Centre had on November 8, 2016, decided to cancel the legal tender status of Rs 1,000 and Rs 500 denomination currency notes with several objectives, including flushing out black money.

Lessons from 2016 demonetisation

RBI's handling of the withdrawal of Rs 2,000 notes shows how it learnt from past mistakes

ITAT nixes additional tax demand on firm for deposits during demonetisation

No reason for tax authorities to disbelieve why cash balance was needed, says tribunal

Going to the bank with Rs 2,000 notes? Things you should keep in mind

The I-T department is keeping a close watch on cash transactions that deposit more than Rs 10 lakh in a saving account or more than Rs 50 lakh in current accounts

Digital transactions in India highest in world but why is cash still king?

The Reserve Bank of India believes that households in India hold more high-value currency notes at home while substituting lower-value notes with digital transactions

Explained: What are the tax implications of depositing Rs 2,000 notes?

Are you depositing Rs 2,000 notes in the bank? Will your deposits be monitored? Will you need to pay any tax on it? How can you avoid a tax notice on these deposits? Read to find the answer

'9 saal, 9 sawaal': Congress asks questions as Modi govt completes 9 years

The document which is titled '9 saal 9 sawaal' lists queries on various subjects which include the economy, corruption, Coronavirus management, and China border row among other things

India's 'mini-demonetisation' may have political motivations: Chris Wood

India will see a series of state polls this year and a general election in 2024

Withdrawal of Rs 2000 notes: India once again makes money a plaything

Sovereign cash should have no room for questions

Don’t miss | Rs 2000 was not the highest denomination note in India

If you think 2000 rupee note was the highest denomination of Indian currency, time to get your facts checked! Watch the video to know more

Banks set for a profit boost as RBI calls for withdrawal of Rs 2,000 notes

The step could boost deposits by as much as 2 trillion rupees through the end-September deadline to exchange the notes, the asset manager said

TMS Ep438: Withdrawal of Rs 2,000 notes, bank stocks, clean note policy

How can you exchange Rs 2,000 notes? How will withdrawal of Rs 2,000 notes affect the economy? Is withdrawal of Rs 2,000 notes positive for bank stocks? What is RBI's clean note policy? Answers here

How RBI's withdrawal of Rs 2,000 notes is different from demonetisation

In 2016, Rs 500 and Rs 1,000 notes made up over 86% of the money in circulation. This time around, Rs 2,000 notes make up a relatively small part of the total money in circulation

RBI asks banks to keep daily data on exchange, deposit of Rs 2,000 notes

Banks will have to submit the data 'as and when called for', says central bank in notification

Here's why RBI has withdrawn Rs 2,000 notes and what you should do next

The RBI said that it is a routine exercise and people need not panic

Top Headlines: Rs 2,000 notes withdrawn, firms on wait-&-watch mode & more

Catch live updates from across the globe here

Rs 2,000 note was 'band-aid' to cover up demonetisation, says P Chidambaram

Senior Congress leader P Chidambaram on Friday hit out at the government after the RBI announced withdrawal of Rs 2,000 currency notes from circulation, saying the Rs 2,000 note was a "band-aid" to cover up the "foolish decision" of demonetising Rs 500 and Rs 1,000 notes. The former Union finance minister said that a few weeks after demonetisation, the government and the RBI were forced to re-introduce the Rs 500 note and he will not be surprised if the Centre re-introduces the Rs 1,000 note as well. In a surprise move, the Reserve Bank of India (RBI) on Friday announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. Unlike the November 2016 shock demonetisation when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be a legal tender till September 30. In a tweet, Chidambaram said, "As expected, the government/RBI have withdr

Demonetisation, unscientific GST implementation caused disaster: Kerala CM

Kerala CM Pinarayi Vijayan while inaugurating 'Entrepreneurship 2.0, Mission 1000' claimed that demonetisation and "unscientific" implementation of GST caused a disaster for the country