Tuesday , April 23 2019

Tag Archives: demonetisation

Rahul Gandhi: Modi is robbing country and turning people’s anger into communal hatred


The living of millions of honest Indians was wrecked due to this ‘thoughtless act’ of Modi says Rahul Gandhi. New Delhi: Congress party Vice-President Rahul Gandhi on this Wednesday accused Indian Prime Minister Narendra Modi of “robbing” the nation of its commercial prowess and “harming” India by converting individual’s anger ...

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Demonetisation Anniversary: Narendra Modi thanks 125 crore Indians for support


Indian Prime Minister Narendra Modi has tweeted, ‘125 crore Indians fought a crucial battle and WON.’ New Delhi: On the 1st anniversary of demonetization, Indian Prime Minister Narendra Modi on this Wednesday has taken to Twitter to share the ‘success’ of note ban. “I bow to the India people for ...

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World Bank: Demonetisation will have positive impact in long term

Demonetisation has positive impact in long term says, World Bank

World Bank says that before demonetisation India relied on cash to a greater extent than other large emerging markets. The World Bank says that the Demonetisation will have a positive impact in the long-term development of the country as it helps to rise the financial deepening, foster financial inclusion and ...

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Demonetisation impact: Over 60,000 depositors under IT lens

Demonetisation impact seocnd phase of OCM

Income-tax department said that it is launching the second phase of Operation Clean Money and identified 60,000 persons who made excessive cash deposits during demonetisation period. After the note ban, 60,000 persons have deposited the excessive cash and most of the people dealing with the high-value property, said Income tax ...

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Demonetisation was planned, decision not taken in a day: RBI Ex-deputy governor

Rama Subramaniam Gandhi

Rama Subramaniam Gandhi who was  retired  deputy governor of Reserve Bank of India says that decision on demonetisation was no taken on single day. The Ex-deputy Governor of Reserve Bank of India Rama Subramaniam Gandhi says that normalcy has returned to the currency system where the pace of cash withdrawals ...

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RBI clears proposal to introduce new Rs200 notes

Reserve Bank of India

The Board of RBI cleared the proposal to introduce  the Banknotes of Rs200 and the printing process of the notes will begin after June. After the note ban of Rs 500, Rs 1000 notes in November 2016, the Reserve Bank of India introduced new notes of Rs 500 and Rs ...

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Indian foreign residents rushing to RBI to exchange scrapped notes

Scrapped notes

The Indian citizens who were in abroad during demonetisation are changing the old notes now, as the deadline for them extends on March 31 and people are waiting in queues at RBI offices. New Delhi:The Reserve bank of India is witnessing huge queue as the deadline for the exchange of ...

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CAG to audit demoneitsation impact on Govt tax revenues

CAG Shashi Kant Sharma

CAG is ready to determine the demonetisation impact of Rs 500, Rs 1000 notes on government tax revenues. The Comptroller and Auditor General of India, Shashi Kant Sharma plans to audit the effect of demonetisation and the impact it has had on the administration’s tax revenues. He said the accountant is ...

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Finance Ministry to Re-Consider on Surplus Cash Absorption by Banks


Finance Ministry had called Bankers into a meeting to address the absorption of surplus cash in the banking system According to a leading news agency, the Finance Ministry, on Friday had called the bankers for a meeting to discuss on the surplus cash in Banking System. And it was decided that ...

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