Demonetisation Drive
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Demonetisation helped increase revenue collections, says Arun Jaitley
Business | Nov 03, 2017, 02:12 PM ISTFinance Minister Arun Jaitley also said the number of taxpayers increased significantly from 4.72 crore in 2012-13 to 6.26 crore during 2016-17.
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Demonetisation caused 0.4 pc decline in GDP, GST only 0.1 pc: Surjit Bhalla
Business | Nov 03, 2017, 02:13 PM ISTDemonetisation affected the country's GDP growth rate by only 0.4 per cent, Surjit Bhalla, part-time member of the Economic Advisory Council, said today.
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Sushma Swaraj at UNGA: Demonetisation a courageous decision to challenge black money
World | Nov 03, 2017, 02:58 PM ISTPrime Minister Modi on November 8, 2016, demonetised Rs 500 and Rs 1,000 notes in a bid to clamp down on black money, fake currency menace, terror funding and corruption.
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Demonetisation was not required at all, says Manmohan Singh
National | Nov 03, 2017, 02:12 PM ISTPrime Minister Narendra Modi had announced on November 8 last year scrapping of Rs 500 and Rs 1000 currency notes.
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Amid slowdown concerns, PM Modi to meet Jaitley, officials to review economic situation
Sep 18, 2017, 11:57 PM ISTPrime Minister Narendra Modi will on Tuesday interact with Finance Minister Arun Jaitley and other top officials to take stock of the economic situation.
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Demonetisation hit newspapers due to fall in ads: INS
India | Nov 03, 2017, 03:02 PM ISTThe Indian Newspaper Society also condemned incidents of violence and attack on media offices and journalists, describing them as undisputedly serious threats to the freedom of press.
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70 pc people favour reintroduction of scrapped Rs 1,000 note: Survey
Sep 12, 2017, 08:36 PM ISTThe government had on last November 8 scrapped 1000 and 500 rupee notes from the economy in one go -- which accounted over 86 per cent of the total Rs 16.24 trillion value of banknotes in circulation as of March 2016.
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RBI using ‘sophisticated verification process’ instead of counting machines to check scrapped notes
Sep 11, 2017, 11:11 AM ISTRBI clarified it is using “sophisticated Currency Verification and Processing (CVPS)" machines for checking numerical accuracy and genuineness of the currency notes
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Demonetisation had no impact on GDP, slowdown temporary: Amit Shah
National | Nov 03, 2017, 03:03 PM ISTBJP President Amit Shah said the dip in GDP growth to 5.7 per cent is "temporary" and not linked to demonetisation
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Modi in Yangon: ‘Note ban was aimed at curbing black money, not afraid to take tough decisions’
World | Sep 06, 2017, 09:07 PM ISTPM Modi on Wednesday addressed the Indian diaspora at Yangon's Thuwanna Indoor Stadium in Myanmar
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Congress blames Modi's 'reckless' demonetisation move for low GDP growth
National | Nov 03, 2017, 03:03 PM ISTCongress said the slow GDP growth rate was because of the prime minister's "reckless" decision of demonetisation
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Deposits worth Rs 2.89L cr made after note ban under scanner: I-T
Aug 31, 2017, 07:21 PM ISTThe department added that 14,000 properties of over Rs 1 crore each are also under scrutiny as their owners have not filed income returns
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Fallout of demonetisation on predicted lines, says Arun Jaitley
Nov 03, 2017, 03:04 PM ISTFinance Minister Arun Jaitley today said the fallout of demonetisation was on predicted lines and the economy will benefit in medium and long term
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Aaj Ki Baat August 30 episode: 'How demonetization has helped the economy'
Aug 31, 2017, 11:18 AM ISTThe real motive behind demonetization was (1) bringing black money back to the banking system (2) expanding the tax base and (3) switching the economy to digital mode.
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Was demonetisation a scheme to convert black money into white, asks Chidambaram
National | Nov 03, 2017, 03:04 PM ISTFormer Finance Minister P. Chidambaram asked the government if demonetisation was a "scheme to convert black money into white"
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Demonetisation: Rs 15.28L cr of Rs 15.44L cr banned notes returned to system, says RBI
Nov 03, 2017, 03:05 PM ISTRBI on Wednesday said that Rs 15.28 lakh crore of the Rs 15.44 lakh cr banned notes returned to system after demonetisation.
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Why has RBI not yet given no. of scrapped notes, asks Opposition
National | Jul 25, 2017, 02:52 PM ISTRaising the issue during Zero Hour, Anand Sharma (Cong) said “even a child is delivered in nine months” but the country doesn’t know how many of the old and junked currency notes were returned.
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RBI to lease currency verification systems to weed out fake demonetised notes
Jul 23, 2017, 06:19 PM ISTThe RBI will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.
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Rs 11.23 crore fake currency detected post note ban: Jaitley
Jul 18, 2017, 06:47 PM ISTData available from the NCRB indicates that 1.58 lakh notes of fake currency, having a face value of Rs 11.23 crore, have been detected in 29 states post demonetisation until July 14.
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No grace period for depositing old notes, will defeat purpose of demonetisation: Centre tells SC
Nov 03, 2017, 03:06 PM ISTThe Centre today asserted in the Supreme Court that it was not inclined to grant any more grace period for depositing the scrapped Rs 500 and Rs 1,000 notes.