He said PM Modi felt that the effort was to tackle black money and if a bigger denomination note comes then the capacity to hoard will increase.
May 22, 2023It further added that demonetisation was also a part of larger strategy for combating the menace of fake money, terror financing, black money and tax evasion.
November 16, 2022"PM Modi's wrong policies like demonetisation, GST, have broken small businesses, farmers who were the backbone of employment. The truth of India is that the country cannot give employment to its youth," he said.
November 8, 2022On Friday, Former finance minister and senior Congress member P. Chidambaram reacted to Union finance minister Nirmala Sitharaman's remarks on India's 1991 economic reforms.
September 16, 2022The move led to nearly 86 per cent of the currency in circulation becoming null and void from the midnight of the announcement.
November 8, 2020His attack came a day after India surpassed Russia to become the third worst-hit nation by the Coronavirus pandemic.
July 6, 2020The correct response on the part of the Union government would have been to allow those who wanted to go back to their villages to do so in an orderly fashion. This would have involved some increase in infection but not much.
June 25, 2020Congress said the decision of lockdown came without any prior preparation.
May 4, 2020The Prime Minister yesterday urged citizens to switch off the lights at their homes and light up lamps, candles or mobile phone torches for nine minutes at 9 pm on 5 April to display the country's “collective resolve” to defeat coronavirus.
April 5, 2020Perhaps the Government could have given itself two days to think out solutions to the problems likely to be unleashed by the lockdown and a reasonable notice should have been given to the public to get ready for the lockdown. Unfortunately, the current closure is eerily similar to demonetisation ~ firstly, no time was given to the public to prepare and secondly, rules of the game are fluid, evolving as the situation unfolds.
April 2, 2020Speaking at Shri Ram Economic Summit organised by the economics department of Shri Ram College of Commerce (SRCC), the Rajya Sabha MP said that ordinarily, the explanation for the failing economy should have come from the government.
February 5, 2020Across seven major cities in the country, the total unsold stock of apartments priced more than Rs 1.5 crore by the end if last year was 89,000 units against 81,290 units in 2018.
January 26, 2020The ruling BJP has come under fire from the opposition over the Citizenship Amendment Act (CAA), National Register of Citizens (NRC), and National Population Register (NPR).
December 28, 2019Congress MP Rahul Gandhi said the Centre's decision to ban high-value notes had destroyed the country's economy.
November 8, 2019Shiv Sena said that the slowdown is evident in the subdued Diwali celebrations this year.
October 28, 2019The noted economist warned the government of serious financial repercussions if it did not reach out to sane voices to curb this 'man-made crisis.'
September 1, 2019The service charges were withdrawn in late 2016 after demonetisation to promote digital payments.
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