Demonetisation

Two septuagenarian sisters from Tirupur did petty jobs and hoarded money for 10 years, but are bewildered now that their savings, totalling Rs 46,000, are of little use as the government had demonetised Rs 1,000 and Rs 500 currency notes three years ago. (Photo: Representational Image/ File)

2 TN sisters stunned to discover Rs 46,000 of their savings for medical expenses are now banned notes

The sisters, who were doing petty jobs, were not aware of the demonetisation drive in November 2016, relatives said.

28 Nov 2019 10:02 AM

We will ensure India doesn’t forget demonetisation: Congress

She further added that three years on, demonetisation is perhaps the single most appropriate metaphor for the BJP’s “ill-conceived governance model”.

09 Nov 2019 1:57 AM

This rapid growth in the payment systems, inter-alia, has been facilitated by a series of measures taken by the Reserve Bank of India," the central bank said in a statement on furthering digital payments. (Representational image)

No levying of charges on NEFT payment from January: RBI to banks

RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

08 Nov 2019 5:26 PM

'Those behind this vicious attack have yet to be brought to justice,' Rahul said in a tweet. (Photo: File)

It's 3rd anniversary of demonetisation 'terror attack': Rahul attacks Centre

On November 8, 2016, the Centre had invalidated Rs 500 and Rs 1,000 notes and introduced new Rs 500 and Rs 2,000 notes.

08 Nov 2019 1:56 PM

Former economic affairs secretary Subhash Chandra Garg.

On DeMo anniversary, former FinMin official Garg says Rs 2,000 notes being hoarded

India has still a long way to go with more than 85 per cent payment transactions in the country still taking place in cash.

08 Nov 2019 11:37 AM

Congress leader Priyanka Gandhi Vadra today hit out at the Modi government for claiming that demonetisation was a "slayer of all evils", saying it proved to be a "disaster" that has all but destroyed the economy. (Photo: File)

'Anyone want to claim responsibilty': Priyanka calls demonetisation act as 'disaster'

On November 8, 2016, PM Modi announced to the nation that Rs 500 and Rs 1,000 currency notes would cease to be a legal tender.

08 Nov 2019 11:17 AM

'As a citizen and as a member of the responsible opposition, it pains me to see the Indian economy under siege. What is even more worrying is that the government is in complete denial,' Sonia Gandhi said. (Photo: File)

'Indian economy under seige, govt in denial': Sonia on RCEP agreement

Regional Comprehensive Economic Partnership agreement (RCEP) is the regional free trade agreement of 16 Asian countries.

02 Nov 2019 7:29 PM

The growth of the country’s Gross Domestic Product (GDP) declined to five per cent in the April-June quarter of the current financial year.

After ignoring warnings, govt can’t play hardball

utomobile sales are in decline for several months.

12 Oct 2019 12:00 AM

Fact is the slowdown is due to Demonetisation and poorly implemented GST - they must accept it & remedy it," the Congress said. (Photo: PTI/File)

Priyanka Gandhi slams govt over plans for '100 days celebration'

She made the remarks on Twitter, sharing a media report highlighting the problems being faced by the auto industry.

07 Sep 2019 3:18 PM

Manmohan Singh said it is particularly distressing that the manufacturing sector's growth is tottering at 0.6 per cent. (Photo: File)

State of economy deeply worrying: Manmohan Singh

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a prolonged slowdown'.

01 Sep 2019 11:07 AM

According to Jairam Ramesh, in 2003 the Chief Minister of Gujarat, now the Prime Minister had come to Planning Commission (now Niti Aayog) and faced uncomfortable questions on the state of health, education and social development in the state. (Photo: RSTV)

PM 'taking revenge' for his embarrassments by amending RTI: Jairam Ramesh

RBI had rejected because of two of its key justification -- elimination of black money and counterfeit notes.

26 Jul 2019 11:00 AM

Congress leader Rahul Gandhi on Friday said he is thankful to his opponents in the RSS and the BJP for providing him with opportunities to take his ideological battle against them to the public. (Photo: File)

Thankful to BJP-RSS for opportunities to take ideological battle to people: Rahul

Cong leaders had claimed that bank was involved in 'scam' to swap Rs 750 crore in scrapped notes with valid currency after demonetisation.

12 Jul 2019 3:14 PM

The demonetisation decision in the first term of the Modi government in 2016 had created a huge controversy. (Photo: Twitter/ ANI)

No study on effect of note-ban: FM Nirmala Sitharaman

This was disclosed by Finance Minister Nirmala Sitharaman in reply to a question by Congress member Digvijaya Singh in the Rajya Sabha.

02 Jul 2019 7:53 PM

Growth of digital transactions in terms of value has increased to 188.07 lakh crore in September 2018 from 112.27 lakh crore in November 2016.

Currency in circulation rises 22 pc in May over pre-demonetisation level

Notes in circulation as on Nov 4, 2016 were Rs 17,74,187 cr, which have now increased to Rs 21,71,385 cr as on May 31, 2019.

25 Jun 2019 7:16 PM

For farmers, the BJP in its manifesto had promised a new pension scheme for all small and marginal farmers in the country to ensure that they get social security on reaching the age of 60.

Agriculture, SME sectors govt’s top priority

The BJP had also promised to start a scheme on the lines of Kisan Credit Cards for merchants, who will be given merchant credit cards.

27 May 2019 4:07 AM

According to ED, accused Mohit Garg, Nitin Gupta, and Rajeev Singh Kushwaha used to collect demonetised form of currency from different persons and deposited them into the account of shell firms/ companies operated by Rajeev Singh Kushwaha.

ED attaches property worth over Rs 2 crore in Axis Bank demonetisation case

According to officials Mohit Garg and Rajeev Singh Kushwaha illegally earned a commission at 15 pc of total amount deposited.

13 May 2019 7:51 PM

Modi promised Indians that 'acche din' (good days) were coming. (Photo:AP)

Analyzing Narendra Modi's performance on the Indian economy

Prime Minister Narendra Modi has had mixed successes in delivering on his promises.

10 May 2019 12:04 PM

'When the Congress government comes to power, no farmer will be sent to jail for not repaying bank loans,' he said. (Photo: File)

If Cong comes to power, no farmer will be jailed for not repaying loans: Rahul in MP

Gandhi blamed the NDA government's decisions of demonetisation and implementation of GST for 'large-scale unemployment' in the country.

30 Apr 2019 2:31 PM

Prime Minister Narendra Modi (Photo: ANI)

Congress’ intent corrupt, leadership confused: Modi

Modi said that the demonetisation was opposed by hoarders of black money and their well wishers.

27 Apr 2019 1:20 AM

Gandhi said 'acche din ayenge' slogan has now been replaced by 'chowkidar chor hai'. (Photo: File)

'Ache din' now replaced with 'chowkidar chor hai': Rahul in Rajasthan

The Congress president said if his party is voted to power, GST will be simplified.

25 Apr 2019 1:40 PM