Tag: Black Money
17 Results
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PM Narendra Modi thanks people for supporting demonetisation
Prime Minister Narendra Modi on Wednesday thanked the people of the country for supporting his government’s measures to eradicate black money, on the first anniversary of demonetisation. In a series of tweets which included slides and videos, the Prime Minister called demonetisation “a historic and multi dimensional success”, and a “decisive blow” to terrorism and …
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November 8, 2017 -
Note ban brought only hardship for common man: Stalin
Demonetisation only brought hardship for the common man, DMK Working President M K Stalin said on Wednesday leading the opposition charge against the NDA government’s note ban move on its first anniversary here. Clad in a black shirt, Stalin led a well-attended ‘Karuppu Dinam’ (Black Day) protest of the main opposition party in the state …
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November 8, 2017 -
Chidambaram says jobs, lives lost due to demonetisation
Launching a scathing attack on the Modi government on the note ban anniversary, senior Congress leader P Chidambaram on Wednesday said millions of people “suffered” and no one can deny that lives and jobs were lost due to demonetisation. A year after the demonetisation decision, the former Union finance minister said on this “black day, …
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November 8, 2017 -
Mixed feelings mark demonetisation anniversary
The common man on Tuesday came out with a mixed bag of feelings and emotions on completion of one year of demonetisation that Prime Minister Narendra Modi announced on 8 November last year when he declared that Rs 500 and Rs 1,000 denomination notes would not be legal tender after midnight. Some people were of the …
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November 8, 2017 -
Kin of those who died in queues post-note ban seeking justice
As the Narendra Modi-led BJP government is all set to celebrate the anniversary of demonetisation, the families of 125 people who lost their lives standing in serpentine queues outside banks post the note ban are still pleading with the Centre and the Prime Minister to compensate them for their suffering. In an effort to provide …
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November 7, 2017 -
Mahagathbandhan to observe Nov 8 as ‘Black Day’ in Bihar: Sharad Yadav
The Mahagathbandhan or the conglomerate of non-BJP secular parties will observe November 8, the first anniversary of demonetisation, as “Black Day” in every district in Bihar, Janata Dal United (JD-U) leader Sharad Yadav announced on Wednesday. On November 8 last year, Prime Minister Narendra Modi had announced demonetisation of Rs 500 and Rs 1,000 currency …
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November 1, 2017 -
No compromise on corruption, even CM won’t be spared: Sonowal
Assam Chief Minister Sarbananda Sonowal today said there will be no compromise on corruption in Assam in keeping with Prime Minister Narendra Modi’s fight against black money. “There will be no compromise on corruption. Stern action will be taken against anyone involved in taking black money. No impunity for anyone found taking bribe or indulging …
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October 30, 2017 -
PM Modi, BJP taking steps to shield corruption: CPI-M
The CPI-M has accused Prime Minister Narendra Modi and the BJP of taking one step after another “to shield corruption and allow the rich to launder black money”. This is being done “contrary to the strident statements against black money and corruption” they make in public, an editorial in the CPI-M journal “People’s Democracy” said. …
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October 26, 2017 -
Modi helped convert black money into white by note ban: Rahul
Congress Vice President Rahul Gandhi on Wednesday accused Prime Minister Narendra Modi of helping hoarders of black money to convert it into white money with his “unilateral and whimsical” demonetization. Addressing a large gathering of rural and tribal people in Limkheda town in central Gujarat’s Dahod district, Gandhi asserted: “Modiji realized that ordinary people and …
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October 11, 2017 -
New limit for reporting gold transactions soon: Govt
The government will soon notify a new threshold for reporting to authorities about transactions in gold and other precious metals and stones with a view to curb parking of black money in bullion, Revenue Secretary Hasmukh Adhia said. The government had on Friday reversed its August order of bringing gems and jewellery dealers under the purview of …
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October 8, 2017 -
Boosting private investment, banks’ growth major concerns: Jaitley
Looking at ways to boost economy amid a slowdown, Finance Minister Arun Jaitley on Friday said that encouraging private investment and improving capacity of banking system to support growth are the two major challenges for which best solutions have to be found. “There are two major challenges – encouraging private sector investment and improving capacity …
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September 22, 2017 -
Examining reports on black money commissioned by UPA: Arun Jaitley
The Finance Ministry says it is examining three reports on the quantum of black money held by Indians in the country and abroad that were commissioned by the previous UPA regime and submitted more than three years ago. Responding to an RTI query filed by a PTI correspondent, the ministry said information on the findings …
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September 20, 2017 -
A demonetisation report card
Demonetisation of high value currency notes of Rs. 1000 and Rs. 500 on 8 November 2016 has shaken the country by disrupting normal behaviour of Indian politics, economy and society. The ruling coalition quickly articulated this as a bigbang step to unearth black money, impair terrorism funding and weed out fake currency from the system. …
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September 15, 2017 -
Finance Ministry sends black money reports to Parliamentary panel
The Finance Ministry has sent three study reports on the quantum of black money held by Indians in the country and abroad to a Parliamentary panel, more than three years after they were submitted to the government, officials said today. The studies, commissioned by the previous UPA regime, were conducted by the Delhi-based National Institute …
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September 4, 2017 -
Goalposts shifted
Managers of the economy could soon rival politicians and lawyers in selectively interpreting data to suit their convenience, a process facilitated by equally selective yardsticks against which their performance is to be assessed. Now that a report from the Reserve Bank eventually puts a “fix” on certain aspects of the demonetisation exercise, and the figures …
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September 2, 2017 -
India to work with Switzerland on black money: Modi
After holding talks with Swiss President Doris Leuthard, Indian Prime Minister Narendra Modi on Thursday said New Delhi will continue to work with Berne to combat black money. “Transparency in financial transactions is an issue of concern in today’s world, whether it be black money, dirty money, hawala or arms and drugs financing,” Modi said …
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August 31, 2017 -
Demonetisation has succeeded in its objectives: Jaitley
Denying that demonetisation failed to achieve its objectives, Finance Minister Arun Jaitley on Wednesday said the measure had succeeded in reducing cash in the economy, increasing digitisation, expanding the tax base, checking black money and in moving towards integrating the informal economy with the formal one. “The objective of demonetisation was that India is a …
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August 30, 2017