#DeMonetisation

Demonetisation – From a closely guarded secret to facts that went into the decision

The plan to demonetise rupee 500 and rupee 1000 bank notes was kept highly confidential.

Nov 08, 2017, 13:24 PM IST

One year of demonetisation: How note ban has impacted black money, tax collections

Among the main objectives of demonetisation was the flushing out of black money and also conversion of the non-formal economy into a formal economy to expand the tax base.

Nov 08, 2017, 11:27 AM IST

Demonetisation was to change the way India spends: Arun Jaitley

Pointing to the normal practice of purchasing real estate by partly paying in cash, or of companies having dual bank accounts to evade tax, the Finance Minister noted that various related measures taken had the triple objective of cutting cash use, increase the country`s tax base and the number of digital transactions.

Nov 07, 2017, 17:01 PM IST

Sensex gains 125 points in early trade despite weak economic data

The benchmark BSE Sensex extended gains for the third straight day by surging about 125 points, and the NSE Nifty again reclaimed the 8,800-level in early trade today despite disappointing macroeconomic data.

Feb 13, 2017, 10:15 AM IST

RBI to declare 'verified' figure on post-demonetisation deposits

The Reserve Bank of India on Saturday said it needs to be careful on divulging the post-demonetisation deposit amount as the figure needs to be verified first and should not be just an estimate.

Feb 11, 2017, 15:32 PM IST

Demonetisation: FM Jaitley dismisses slowdown concerns, says higher tax mop up indicates uptick in economic activity

Finance Minister Arun Jaitley on Monday said that the indirect and direct tax collections between April and December this year increased by 25 percent and 12.01 percent respectively compared to the same period last year.

Jan 09, 2017, 12:48 PM IST

Support PM Narendra Modi's demonetisation drive, won't comment before 50-day deadline is over: JD (U)

Hailing the Centre's demonetisation move, the Janata Dal (United) on Wednesday said the party fully supports Prime Minister Narendra Modi`s decision and would not comment on the issue before the completion of 50 days.

Dec 28, 2016, 13:20 PM IST

Demonetisation: Chief Ministers' panel on notes ban to meet today

The Chief Ministers`Committee on demonetisation, which is headed by Andhra Pradesh Chief Minister N.Chandrababu Naidu, will meet in the national capital on Wednesday.

Dec 28, 2016, 09:36 AM IST

Congress-led meeting on demonetisation begins; Mamata Banerjee attends, key opposition parties give a miss

The Opposition appears to be divided over what it calls Congress party's initiative to forge a powerful alliance of like-minded parties against the Centre's demonetisation move and allegations of corruption against PM Narendra Modi.

Dec 27, 2016, 09:31 AM IST

Demonetisation: I-T dept detects Rs 3,590 crore un-disclosed income

Income Tax department has detected over Rs 3,590 crore of un-disclosed income while more than Rs 93 crore in new notes have been seized as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government.

Dec 22, 2016, 21:19 PM IST

Fake currency racket busted in MP, two held with colour printer

The Madhya Pradesh Police on Thursday arrested two persons for printing fake Rs. 2,000 new notes in Chhatarpur`s Lavkushnagar.

Dec 22, 2016, 13:25 PM IST

Demonetisation will help eliminate corruption, fight terror: Indian-Americans

Commending the demonetisation move by the NDA government, a group of Indian-Americans have said that this would not only help eliminate corruption and fight terrorism, but also fast track digitization of economy.

Dec 22, 2016, 13:19 PM IST

Demonetisation: CBI arrests two RBI officials in currency conversion case

CBI has arrested two employees of cash department of Reserve Bank of India in Bengaluru in connection with alleged conversion of Rs 1.99 crore of demonetised currency with specified bank notes of Rs 2,000 and Rs 100.

Dec 17, 2016, 18:19 PM IST

PM Narendra Modi tears into Opposition, says Indira Gandhi too snubbed demonetisation recommendation

Hitting out at the Opposition parties for resisting his government's move to ban old currency notes, Prime Minister Narendra Modi on Friday said that his predecessor and Congress leader late Indira Gandhi had too snubbed a similar recommendation for demonetisation.

Dec 16, 2016, 14:51 PM IST