Tag: Demonitisation

No new Rs 2,000 notes printed from 2019-2022, says RTI reply

The RTI application filed by IANS disclosed that the Bharatiya Reserve Bank Note Mudran (P) Ltd printed 3,542.991 million pieces of Rs 2,000 notes in the financial year 2016-17, which drastically came down to 111.507 million notes in 2017-18 and was further reduced to 46.690 million notes in 2018-19.

November 8, 2022

Amit Mitra targets Sitharaman over Act of God remark

Mr Mitra during the Press Conference said," in the name of Act of God huge debts are being thrust upon the states". He sees this as a well planned strategy of the Centre to ruin federalism and move towards Centralism.

August 31, 2020

CPI-M will retain power in Tripura, get more seats, asserts party

The Left Front will retain power in Tripura, winning more seats and votes in the next assembly elections due in February, a CPI-M leader said here on Saturday after a one-day review meeting of the party. “CPI-M-led Left Front will undoubtedly retain power in Tripura in February’s assembly polls winning more seats and votes,” Communist...

December 23, 2017

Modi turned people’s anger into communal hatred: Rahul Gandhi

Congress Vice President Rahul Gandhi today accused Prime Minister Narendra Modi of “robbing” the country of its economic prowess and “damaging” India by converting people’s anger due to joblessness into “communal hatred”. On the first anniversary of demonetisation, which he termed as a “tragedy”, Gandhi said livelihood of millions of honest Indians were destroyed due...

November 8, 2017

Unscrupulous deal

Demonetized currency notes ~ and may be counterfeit ones too ~ are being passed on to unsuspecting tourists by unscrupulous shopkeepers in New Delhi and maybe elsewhere in the country too. Tourists and tightly-scheduled conference delegates to any city, look for ethnic souvenirs they can quickly buy in readily accessible tourist-oriented shopping rows in the...

November 6, 2017

World Bank lowers India’s growth forecast

India’s GDP may slow from 8.6 per cent in 2015 to 7.0 per cent in 2017 because of disruptions by demonetisation and the GST, the World Bank has forecast and warned that subdued private investment due to internal bottlenecks could put downside pressures on the country’s potential growth. The International Monetary Fund yesterday also lowered...

October 11, 2017

State of economy likely to top agenda at BJP meet

The state of economy, including the slowing growth, and the next round of assembly polls will top the agenda of the Bharatiya Janata Party’s National Executive meet to be held on Sunday-Monday. The government is concerned over Gross Domestic Product (GDP) figures. Finance Minister Arun Jaitley has been talking of a package to revive economic...

September 24, 2017

Yechury wants data on amount of old currency deposited

The CPI(M) on Saturday attacked the NDA government for not making public the data on the amount of junked currency deposited in banks post note ban. Taking to Twitter, CPI(M) general secretary Sitaram Yechury asked whether the Modi government is "that incompetent" that it is yet to come out with the numbers. "Why don't we have...

March 25, 2017

Lack of coordination between banks, government: Vadra

Congress President Sonia Gandhi's son-in-law Robert Vadra on Monday attacked the Centre for lack of management after the petrol pumps across the country threatened to stop accepting payments through credit or debit cards. Vadra said there was lack of coordination between banks and the government. "The government seems to have reached its levels of desperation...

January 9, 2017

Lift all restrictions on money withdrawal: Rahul asks PM Modi

Congress Vice President Rahul Gandhi on Wednesday said that the government should reveal the names of those who deposited more than Rs.25 lakh in their accounts before Nov 8 and demanded that all restrictions on withdrawal of money should be lifted immediately. Addressing the media on the 132nd foundation day of the Congress party, Rahul...

December 28, 2016

Modi defends note ban, promises long-term gains

A month after demonetisation triggered an unprecedented cash crunch in the country, Prime Minister Narendra Modi on Thursday defended his decision saying it will lead to long-term gains. “I always said that the government's measure will bring a degree of inconvenience but this short-term pain will pave way for long-term gains,” the Prime Minister said...

December 8, 2016

Fear looms large of demonetised Indian notes entering Bhutan

With a sudden demonetisation of old Rs 500 and 1,000 notes in India, fears of black money entering Bhutan looms large, with concerns about its impact on the country's export market.

November 25, 2016

Opposition didn’t get time to prepare for demonetisation: Modi

Prime Minister Narendra Modi while hiting out at the criticism over demonetisation, said on Friday the opposition was charged up not because the government was not prepared for its implementation but because it did not get time to prepare itself. “A lot of people are criticising demonetisation in parliament. But most of the criticism is...

November 25, 2016

Demonetisation has hit common man, will drag GDP by 2%: Manmohan Singh

Pointing out the extent of hardship which demonetisation has caused the common man and small businesses, and the likely hit of 2 per cent on GDP, former Prime Minister Manmohan Singh on Thursday said this has been coupled with “monumental” mismanagement in implementation. “I want to ask the Prime Minister (Narendra Modi) if he can...

November 24, 2016

Demonetisation survey fake, sponsored, says Mayawati

Bahujan Samaj Party chief Mayawati on Thursdasy attacked Prime Minister Narendra Modi by calling his survey on demonetisation as “fake and sponsored” and dared him to dissolve the Lok Sabha and face elections. “The survey of Modiji is fake and sponsored. If he has guts then he should dissolve the Lok Sabha and face elections,...

November 24, 2016

82,500 ATMs recalibrated to dispense new notes

 As many as 82,500 ATMs, which account for about 40 per cent of cash vending machines in the country, have been recalibrated to dispense new high security currency notes of 500 and 2,000 rupees. Out of 2.2 lakh ATMs, 82,500 were recalibrated till Monday evening. These ATMs have been reset as per the direction of...

November 22, 2016

Amit Shah admits ‘suffering’ due to note ban

BJP President Amit Shah on Tuesday admitted that “people are suffering” due to demonetisation of Rs 500 and Rs 1,000 notes. “I can understand that people are suffering due to the note ban,” Shah told a rally ahead of the Uttarakhand assembly election.  “The problems will remain for a few days but it will help...

November 22, 2016