5 arrested with old currency notes worth Rs 10 lakh in Rajasthan
India | February 17, 2019 19:06 ISTActing on a tip-off, a police team intercepted a car at Daulatpura check post and found 10 bundles of Rs 1,000 old currency notes in a bag.
Acting on a tip-off, a police team intercepted a car at Daulatpura check post and found 10 bundles of Rs 1,000 old currency notes in a bag.
Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to media report on Sunday.
PM Modi said that demonetisation has created an atmosphere of honesty and has expanded the tax net, while reducing the circulation of the currency.
The decision was announced by Nepal government's spokesperson and Minister for Information and Communications Gokul Prasad Baskota.
The report said the department has till now (updated till November 15) made a gross collection of Rs 6.63 lakh crore in the direct taxes kitty this fiscal.
Slamming the Centre over demonetisation, Gehlot said it was a black chapter and prime minister "shattered" the country's economy.
“I have seen a report which quoted Subramanian as saying that demonetisation was against elite. I don’t know why he used the word elite. It was a step against those who are corrupt and had stored ill-gotten wealth,” Rajiv Kumar said.
Addressing an election rally in Jhabua, Madhya Pradesh, PM Modi described demonetisation as 'bitter medicine' which his government used to bring back black money into banks.
Speaking to reporters after releasing BJP's manifesto in Bhopal ahead of the Madhya Pradesh Assembly Elections, Jaitley said that demonetisation has increased the tax return filings and also increased the revenue of the states and the Centre immensely.
Rahul Gandhi accused Prime Minister Narendra Modi of "robbing" the hard-earned money of the poor and giving it to a few rich.
In a letter, they said there was concern over the "unconscionable" and "unwarranted delay" in bringing out the audit reports on demonetisation and the Rafale fighter jet deal, and the reports should be tabled before Parliament in the Winter Session.
"By any account demonetisation was a catastrophe, an ingenious officially blessed money laundering exercise", Chidambaram said.
Addressing an audience at the University of California in Berkley on Friday, Rajan said for four years -- 2012 to 2016 -- India was growing at a faster pace before it was hit by two major headwinds.
Taking a swipe at Modi, Rahul said the demonetisation had caused great destruction of economy and rendered many people jobless.
They raised slogans against the Centre describing the exercise as an "anti-people" decision.
Terming the criticism, that almost the entire cash money got deposited in the banks post demonetisation, as 'ill-informed', Jaitley said confiscation of currency was not an objective of demonetisation.
'Why does Congress find merit in protesting against every anti-corruption measure of the Government of India? What do they fear?'
Jaitley pointed out that confiscation of currency was not an objective of Demonetisation, adding getting it into the formal economy and making the holders pay tax was the broader objective.
The government had scrapped Rs 500 and Rs 1,000 notes on November 8, 2016 and announced issuance of new Rs 500 and Rs 2,000 notes.
Growth reached 6.7 per cent in fiscal year 2017/18, with a significant acceleration in recent months, it said.
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