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Latest Articles in demonetization

Chidambaram Takes On Jaitley On Note Ban, Asks If It's 'Ethical' To Let Millions Suffer

Prime Minister Narendra Modi had announced demonetisation of Rs 1,000 and Rs 500 notes as a measure to fight black money, corruption, fake currency and terror funding on this day last year

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Demonetization Anniversary: Where Smartphone Market Stands After A Year

Almost like every other industry, smartphone industry was also affected during this phase. Let’s see how many smartphones were shipped in India from Q3 2016 to Q3 2017

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BJP Govt Not Providing Supportive Environment For Growth: P Chidambaram

He referred to demonetisation and introduction of GST as two major disruptions, alleging that they caused a severe setback to the economy as a result of which GDP growth rate dipped every quarter during the last five quarters

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Had Cautioned Government On Demonetization: Former RBI Chief Raghuram Rajan

Indians returned most of the estimated Rs 15.4 trillion in high-currency bills removed from circulation last year, the RBI said in its annual report

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3 Years Of Modi Government | That Masterstroke Called ‘Demonetisation’

On 8 November 2016, Prime Minister Narendra Modi announced that by midnight the official tender of Rs 500 and Rs 1,000 would lose value and become an ordinary piece of paper

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UN Report Fuels Demonetization Debate, Says Couldn’t Curb India’s Black Money Inflow

A report by the United Nations released this week has once again fueled the debate on demonetization, stating that the move will not curb the black money flow unless accompanied by more initiatives to unearth the undeclared cash

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Demonetisation: Queues Get Shorter At Banks; No Respite At ATMs

In the wake of certain restrictions on money exchange norms by the government, chaos and rush at banks eased but the situation did not quite improve at ATMs as people were still seen waiting in long queues to withdraw valid currency notes

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Demonetization | Stranded Trucks, Unpaid Workers: India Inc Counts Cost Of Cash Crunch

Supply chains at small, medium and even larger companies are breaking down, underlining just how much corporate India -- not just the shadow economy -- relies on hard cash

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PM Narendra Modi Attacks Mamata Banerjee Over Demonetisation

Prime Minister Narendra Modi on Sunday said political leaders behind multi-crore chit fund scams are attacking him as they have been hit hard by demonetisation, in remarks seen as sharp attack on West Bengal Chief Minister Mamata Banerjee

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Suspect Cash: Income Tax Department Warns Violators Will Face Maximum 7 Years Jail

Warning people against depositing their unaccounted old currency in someone else's bank account, the tax department has decided to slap charges under the newly enforced Benami Transactions Act against violators that carries a penalty, prosecution and rigorous jail term of a maximum seven years

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Demonetisation: I-T Notices To Those Depositing Huge Cash

Acting swiftly, the Income Tax department has issued hundreds of notices seeking "source" of funds from individuals and firms who have deposited huge amounts of cash in banks using the scrapped Rs 500 and Rs 1000 currency notes after November 8

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Long Queues Outside ATMs; Line For Bank Withdrawal Eases Up

People on Saturday continued to queue up outside ATMs with hopes of getting cash, while those opting for bank withdrawal had a tad smooth run as banks offered exchange service of scrapped currencies only to their respective customers

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Demonetisation: Banks May Allow Cash Withdrawal For Marriage From Next Week

Banks may allow withdrawal of Rs 2.5 lakh by the families with upcoming weddings from next week only after receiving operational guidelines from the RBI, even though the Centre announced the relaxation earlier this week

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Parliament Stalled For Second Day Over Demonetisation

Parliament was stalled for the second consecutive day on Friday due to ruckus by Congress-led opposition parties which were demanding in Lok Sabha a debate on monetisation under a rule that entails voting and presence of Prime Minister Narendra Modi in Rajya Sabha for resumption of discussion on the issue

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Don't Use Bank Accounts Of Others To Deposit Black Money, Warns Govt

The government on Friday cautioned Jan Dhan account holders, housewives and artisans that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day window till December 30

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