Demonetisation | The Asian Age

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‘Unusual’ cash deposits totalling Rs 1.6-1.7 trillion were made during the demonetisation period, says an RBI research paper. (Photo: PTI)

DeMo: What did the madness cost?

The sheer trauma of the event etches the day vividly in our memories.

08 Nov 2017 1:32 AM

Former Prime Minister Manmohan Singh. (Photo: ANI Twitter)

Demonetisation was ‘loot, plunder’, claims Manmohan Singh

Jaitley hits back, recalls 2G, coal scams; nationwide Opposition stir today.

08 Nov 2017 12:55 AM

Today, November 8, 2017, is being observed by various Opposition parties as a “Black Day” in protest over the demonetisation move exactly a year ago. (Representational image)

Opposition’s role: It’s not just about parties

The absence of a recognised Opposition of course doesn’t mean the erosion of the Opposition’s political space or that it has become irrelevant.

08 Nov 2017 12:25 AM

The reform cost around Rs 36,000 crores to print new notes but, more significantly, caused a GDP loss of Rs 3 lakh crores, that will never be recovered.

DeMo: What did we gain?

Indians’ notorious reluctance to pay unto Caesar his due will remain the greatest bugbear to any interventionist reform.

08 Nov 2017 12:17 AM

The loot is what happened in 2G scam, commonwealth games and allocation of coal blocks, whereas demonetisation was an economic exercise based on ethical and moral rationales, Jaitley told reporters in Delhi. (Photo: PTI/File)

Jaitley assails Manmohan, says note ban an ethical, moral drive

Taking on the Congress over the issue, Jaitley said the previous Congress governments never took any such big step against black money.

07 Nov 2017 6:42 PM

Finance Minister Arun Jaitley said on Tuesday that the impact of structural reforms is "behind us". (Photo: PTI)

Jaitley says impact of structural reforms 'behind us', economy looking up

Jaitley said India was a fast moving global economy for three years in a row and the time was opportune to undertake reforms.

07 Nov 2017 4:42 PM

Finance Minister Arun Jaitley took to social media to mark the one-year anniversary of demonetisation with his note 'A year After Demonetisation'. (Photo: PTI)

Jaitley presents his take on note ban with 'A Year After Demonetisation'

The Finance Minister said that demonetisation has created a 'cleaner, transparent and honest financial system'.

07 Nov 2017 1:44 PM

November 8, when Rs 1000 and old Rs 500 notes were demonetised, was a black day for both economy and democracy, former prime minister Manmohan Singh said. (Photo: Twitter | ANI)

GST, note-ban organised loot, legalised plunder: ex-PM

'The attitude of suspecting everyone to be a thief or anti-national, low level rhetoric is damaging to democratic discourse,' he said.

07 Nov 2017 1:42 PM

Addressing a gathering at Himachal Pradesh Congress vice president Rahul Gandhi said, 'The government implemented the GST in haste with the highest tax slab of 28 per cent and a very complicated procedure of filing returns which has ruined businesses.' (Photo: Twitter | @INCIndia)

Will totally change GST after coming to power in 2019, says Rahul Gandhi

Hitting at the Centre, Rahul Gandhi said, 'The prime duty of the Prime Minister should be job creation for the unemployed youths.'

07 Nov 2017 9:33 AM

Demonetisation has helped flush out black money, eliminate fake notes and reduce the currency in circulation, said the finance ministry. (Photo: PTI)

Note ban: Blow to black money, terrorism-funding, says FinMin

On November 8, 2016, Prime Minister Narendra Modi had announced scrapping of Rs 500 and Rs 1,000 notes.

07 Nov 2017 8:45 AM

Small jewellers in Zaveri bazaar still struggle to cope

With suppliers demanding cash payments, small businesses are facing a cash crunch while purchasing inventory.

07 Nov 2017 1:14 AM

Demonetisation will complete one year on November 8, but till now, the sector is unable to make progress.

Real Estate sees loss due to demonitisation

Even during Diwali, sales were less than 50 per cent than usual.

07 Nov 2017 1:12 AM

Union Minister for Finance and Corporate Affairs Arun Jaitley (Photo: PTI)

Top ministers will fan out to claim demonetisation ‘victory’

Jaitley had last week said that the BJP-led NDA will celebrate “Anti-Black Money Day” on November 8.

07 Nov 2017 12:44 AM

Deposits, which came into the banking sector, left banks with trillions of rupees in surplus funds, leading to an overall decline in money market rates. (Photo: PTI/File)

A year on, bankers say note ban has been good for them

RBI in June said as much as 99.1 per cent of the junked bills had returned to the banking system.

06 Nov 2017 8:33 PM

State Bank of India (SBI) Chairman Rajnish Kumar claimed that any negative impact of demonetisation is now 'behind us'. (Photo: PTI)

SBI Chairman claims negative effect of note ban is 'behind' us

On November 8 last year, the Centre had announced to demonetise 500- and 1000-rupee banknotes.

06 Nov 2017 3:50 PM

In one case, a company which had a negative opening balance on November 8 2016, deposited and withdrew Rs 2,484 crore post-demonetisation, it said. (Photo: PTI/FIle)

Deregistered companies deposited Rs 17,000 crore

Some 2.24 lakh companies have been struck-off by the corporate affairs ministry for remaining inactive for a period of two years or more.

06 Nov 2017 6:21 AM

Congress vice-president Rahul Gandhi lashed out at the BJP on Twitter. (Photo: PTI | File)

Quit if you can't control price hike, create jobs: Rahul to Modi

Congress vice-president Rahul Gandhi asked Modi to quit if it was unable to stop prices from rising and give jobs to the people.

05 Nov 2017 4:50 PM

In terms of value, the transactions were valued at Rs 70.57 billion in October 2017.

UPI transaction surged exponentially within year of DeMo

The number of payments through UPI has zoomed to 76.96 million at end-October 2017.

05 Nov 2017 1:39 PM

Congress Vice-President Rahul Gandhi (Photo: PTI)

BJP jittery in Guj: Will Rahul play cards right?

The Congress vice-president struck a chord as he attacked demonetisation and unemployment in Prime Minister Narendra Modi’s home state.

04 Nov 2017 12:57 AM

Shiv Sena chief Uddhav Thackeray called on West Bengal Chief Minister Mamata Banerjee at Mumbai. (Photo: ANI)

Uddhav Thackeray calls on WB CM, says both share same views on GST, note ban

Both also discussed possible joint 'sister cities' initiatives between Brihanmumbai Municipal Corporation and Kolkata Municipal Corporation.

02 Nov 2017 7:13 PM

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