Demonetisation Move
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It means less cash, not no cash: Jaitley explains PM’s 'cashless' bid
Dec 25, 2016, 09:29 PM ISTCornering all criticism for turning India into a ‘cashless economy’, Union Finance Minister Arun Jaitley today explained that the term means use of less cash and not no cash. "Our bid to go cashless means
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No increase in cash withdrawal limits even after December 30
Dec 25, 2016, 04:07 PM ISTAs currency printing presses and the Reserve Bank of India have not been able to keep up with the demand of new currency notes, restrictions on withdrawal of cash from banks and ATMs are likely
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Law against 'benami' properties will soon be operationalised: PM in ‘Mann Ki Baat’
National | Dec 25, 2016, 02:16 PM ISTCarrying forward his war against corruption and black money post-demonetisation, Prime Minister Narendra Modi on Sunday that the government will soon operationalise a strong law to effectively deal with 'benami' properties and this was just
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PM Modi threw a firebomb in form of note ban, says Rahul Gandhi
National | Dec 24, 2016, 08:20 PM ISTLatest in the series of attacks at the central government's demonetisation decision, Congress Vice President Rahul Gandhi today said the move is "anti-poor", favours 50 corporate families and is a "firebomb on country's cash economy".
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PM Modi openly challenges corrupt to sustain before 125 crore Indians
National | Dec 24, 2016, 06:27 PM ISTSignalling the beginning of end of black money keepers in the country, Prime Minister Narendra Modi today challenged the corrupt to sustain in front of the 125 crore Indians. While addressing a rally at Mumbai’s
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India's demonetisation drive ‘immoral, theft of people's property’, says Forbes magazine
Dec 23, 2016, 08:00 PM ISTDubbing Prime Minister Narendra Modi's demonetisation move immoral, Steve Forbes, Editor-in-Chief of Forbes magazine, said the decision amounted to theft of people's property. "India's government perpetrated an unprecedented act that is not only dama
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Banks stop questioning depositors after fresh RBI directive
Dec 21, 2016, 09:04 PM ISTFollowing the RBI’s circular to banks exempting KYC-compliant accounts from scrutiny even if the deposited amount exceeded Rs 5000, banks today began accepting the junked Rs 500 and Rs 1000 notes without any questions. With
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30 pc drop in revenue post demonetisation, says Andhra minister
National | Dec 21, 2016, 08:37 PM ISTWith no end to the lack of promptly accessible cash and long queues of people looking to exchange notes, Andhra Pradesh Finance minister Yanamala Ramakrishnudu has said that the government’s decision to scrap Rs.500 and
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Rahul Gandhi tries to troll PM Modi on demonetisation with this picture, gets trolled instead
National | Dec 21, 2016, 07:29 PM ISTAmid growing resentment on the handling of demonetisation, Congress vice president Rahul Gandhi today tried to troll the Prime Minister Narendra Modi-led government over the scrapping of Rs 500 and Rs 1000 notes with a
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Currency worth Rs 5.92 lakh cr issued to public since note ban
Dec 21, 2016, 06:39 PM ISTThe Reserve Bank of India today said that various banks have issued currency worth over Rs 5.92 lakh crore to the public since the demonetisation of old high value notes that was announced by PM Narendra Modi on November 8.
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Congress mocks RBI as ‘Reverse Bank of India’ for changing ‘demonetisation’ norms 126 times since Nov 8
National | Dec 21, 2016, 04:00 PM ISTThe Congress party today blasted the Reserve Bank of India (RBI) for changing norms on ‘demonetisation’ 126 times since November 8, the day PM Narendra Modi announced ‘note ban’.
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Chandrababu Naidu reverses stand on PM Modi’s demonetisation move
National | Dec 20, 2016, 11:30 PM ISTAfter supporting demonetisation initially, Andhra Pradesh Chief Minister Chandrababu Naidu today appeared to be having a second thought saying this is not what they wished for and that the solution to problems due to the
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Amit Shah dubs Chandigarh win as people's stamp of approval on demonetisation
National | Dec 20, 2016, 05:48 PM ISTElated with BJP's win in Chandigarh Municipal Corporation polls, party president Amit Shah today said its victory in elections in different parts of the country following demonetisation shows popular mood and should serve as a
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Robert Vadra slams Modi govt for flip-flop on ‘demonetisation’, says both govt and RBI ‘clueless’
India | Dec 20, 2016, 12:01 PM ISTRobert Vadra, son-in-law of Congress President Sonia Gandhi, today launched a scathing attack on the Narendra Modi government for changing rules too often on the ‘demonetisation’ scheme.
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Demonetisation decimates Rs 20 lakh crore human trafficking industry, for now
India | Dec 19, 2016, 03:46 PM ISTThe human trafficking industry, one of India's biggest organised crime syndicate, has been severely affected by Prime Minister Narendra Modi's demonetisation drive. The process of trafficking women and girl child usually completes by November after
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Bank deposits in old notes over Rs 5000 only once till Dec 30: RBI
Dec 19, 2016, 01:51 PM ISTIn the latest move to curb the laundering of unaccounted cash into bank accounts, the Reserve Bank of India today said that deposits over Rs 5000 in old Rs 500 and Rs 1000 denominations can
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Notes in the air: Shredded Rs 1000 notes thrown in dustbin creates flutter in Tiruchirappalli
India | Dec 18, 2016, 10:32 PM ISTShredded 1,000 rupees notes, discarded in a dustbin in Tiruchirappalli, created curiosity among the locals on Sunday with the currencies flying in wind when a ragpicker attempted to pick junked items. Soon, curious men and
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'Demonetisation will make govt richer by Rs 2-3 lakh crore'
National | Dec 18, 2016, 10:10 PM ISTThe Central government will earn at least Rs 2 lakh crore to Rs 3 lakh crore in taxes due to Prime Minister Narendra Modi's demonetisation move, Defence Minister Manohar Parrikar said today. "A minimum of
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Axis Bank MD Shikha Sharma 'embarrassed and upset' over conduct of few employees
Dec 18, 2016, 06:26 PM ISTAxis Bank MD and CEO Shikha Sharma today said the bank has hired KPMG to conduct a forensic audit for enhanced due diligence and building more safeguards as she is "embarrassed and upset" over the
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Venezuela delays demonetisation move as banks fail to get new currency on time
World | Dec 18, 2016, 09:30 AM ISTVenezuelan President Nicolas Maduro has delayed the withdrawal of the 100-bolivar banknote until January 2 as banks had yet to receive the new tender, media reports said on Sunday.