'No tangible relief can be granted by unscrambling a scrambled egg', Centre resists SC's attempt to revisit demonetisation
Calling the demonetisation of Rs 500 and Rs 1000 currency notes "deeply flawed", senior lawyer P Chidambaram had told the apex court on Thursday the Union government cannot on its own initiate any proposal relating to legal tender which can only be done on the recommendation of the RBI's central board.
Nov 25, 2022, 19:47 PM IST
2016 demonetisation was deeply flawed, P. Chidambaram tells SC
A five-judge bench, headed by Justice S.A. Nazeer and comprising Justices B.R. Gavai, A.S. Bopanna, V. Ramasubramanian, and B.V. Nagarathna, is hearing a clutch of petitions challenging the Centre`s 2016 decision on demonetisation.
Nov 24, 2022, 23:11 PM IST
'Demonetisation was well-planned with...': Centre makes BIG STATEMENT in Supreme Court
The Centre on November 8, 2016 from midnight had declared the notes of Rs 500 and Rs 1000 as illegal tender and requested to submit them in the banks. The step ensued a choas among people across India for acquiring new notes of Rs 500 and Rs 2000 in the coming months.
Nov 17, 2022, 13:07 PM IST
No new Rs 2,000 notes printed from 2019-2022, says RTI reply
The RTI reply received from the Bharatiya Reserve Bank Note Mudran (P) Ltd revealed said that '0' number of Rs 2,000 denomination currency note was printed in 2019-20, 2020-21 and 2021-22.
Nov 09, 2022, 09:59 AM IST
'PM Modi must acknowledge EPIC failure': Congress on demonetisation anniversary
Congress leader Gaurabh Vallabh called demonetisation India's "greatest organised loot". Cash in circulation today is Rs 30.88 lakh crore, while it was merely Rs 17.97 lakh crore in November 2016, he said.
Nov 08, 2022, 15:48 PM IST
6 years of demonetisation: Digital payments boom after demonetisation
The biggest decision related to the Indian economy was taken 6 years ago. Prime Minister Narendra Modi gave an address to the nation on 8 November 2022 at 9 pm, under which the old notes of 500-1000 rupees were announced to be discontinued.
Nov 08, 2022, 12:16 PM IST
DNA: What changed in 6 years of demonetisation?
Tomorrow will complete 6 years since the decision of demonetisation came into force on 8th November 2016. When demonetisation was implemented, this decision was repeatedly questioned, it was made a narrative that it would ruin the country's economy, we would go back many decades but nothing like this happened. Demonetisation has given a new direction to the country's economy and to understand this one must watch this DNA report.
Nov 08, 2022, 00:08 AM IST
6 years after demonetisation: Cash with public 70% higher; Congress says 'move destroyed businesses, jobs'
Newly-elected Congress chief Mallikarjun Kharge said the move to demonetize high-value notes destroyed businesses and ruined jobs.
Nov 07, 2022, 11:05 AM IST
Aware of 'Lakshman Rekha' but will probe note ban: Supreme Court
SC wants the central government to "keep ready" the files about the decision to ban ₹ 500 and ₹ 1,000 notes — over 80 per cent of all notes then in circulation — announced in a sudden, late-evening address by PM Narendra Modi as an "anti-corruption" measure.
Oct 12, 2022, 20:30 PM IST
Supreme Court defer pleas against Demonetisation to October 12
The Supreme court was hearing a batch of 58 petitions challenging the Centre's November 8, 2016 decision to demonetise currency notes of denomination of Rs 500 and Rs 1000
Sep 28, 2022, 14:52 PM IST
West Bengal: Fake note manufacturing unit busted near Kolkata, 3 arrested
The police nabbed two person possesing fake notes worth Rs 70,000 from the Raja Bazar area of the city, while another person was arrested from Hatiara in the Ecopark police station area of Bidhannagar.
Aug 25, 2022, 17:50 PM IST
‘Only unfortunate success of Demonetisation was…’: Rahul Gandhi's jibe at Centre
Rahul Gandhi on Twitter tagged the screenshot of a media report which cited Reserve Bank of India's annual report to state that there was a 100 per cent increase in fake Rs 500 notes and 50 per cent increase in counterfeit Rs 2,000 currency notes.
May 29, 2022, 17:10 PM IST
Extreme poverty in India declined by 12.3 percentage points during 2011-19: World Bank
The World Bank paper said urban poverty rose by 2 percentage points in 2016 during the demonetisation event and fell sharply thereafter, reported PTI.
Apr 19, 2022, 07:10 AM IST
DNA Exclusive: Five years of Demonetisation - A look at how the move benefitted economy
Demonetisation helped boost Digital India. The country now has a very strong infrastructure for digital transactions.
Nov 08, 2021, 23:49 PM IST
DNA: How much corruption reduced after 5 years of demonetisation?
Money transactions in India have now become digital to a large extent, which is a good sign. In India, 5 years ago today, Prime Minister Narendra Modi had announced demonetisation, one of the major motives behind was to break the back of terrorism.
Nov 08, 2021, 23:24 PM IST
Demonetisation among worst policy blunders, PM Modi destroyed economy: Congress
On this day in 2016, the prime minister had announced the decision to ban currency notes of denomination Rs 500 and Rs 1,000.
Nov 08, 2021, 20:53 PM IST
Taal Thok Ke (Special Edition): What is the impact of demonetisation on black money?
November 8, 2021 marked five years since the Indian government decided to cancel the Legal Tender Status of Rs 1000 and Rs 500 denomination currency notes with a larger purpose to move India from a Tax Non-compliant society to a compliant society. The big issue of debate in 'Taal Thok Ke' today - What is the impact of demonetisation on black money?
Nov 08, 2021, 19:46 PM IST
Demonetisation made India lesser cash-based economy
November 8, 2021 marked five years since the Indian government decided to cancel the Legal Tender Status of Rs 1000 and Rs 500 denomination currency notes with a larger purpose to move India from a Tax Non-compliant society to a compliant society.
Nov 08, 2021, 16:26 PM IST
5 years of Demonetisation: Permanent increase in use of digital transactions, finds study
The Narendra Modi Government had decided to cancel the Legal Tender Status of Rs 1000 and Rs 500 denomination currency notes on 8th November 2016.
Nov 08, 2021, 14:33 PM IST
On fifth anniversary of demonetisation, Priyanka Gandhi calls 'notebandi' a 'disaster', slams Centre
On November 8, 2016, Prime Minister Narendra Modi announced on national television his government's decision to ban all currency notes of higher denomination of Rs 500 and Rs 1,000 from midnight on the same day.
Nov 08, 2021, 11:05 AM IST
