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  It means less cash, not no cash: Jaitley explains PM’s 'cashless' bid

  December 25, 2016 21:29 IST

  Cornering 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

  December 25, 2016 16:07 IST

  As 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’

  Politics | December 25, 2016 14:16 IST

  Carrying 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

  Politics | December 24, 2016 20:20 IST

  Latest 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

  Politics | December 24, 2016 18:27 IST

  Signalling 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

  December 23, 2016 20:00 IST

  Dubbing 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

  December 21, 2016 21:04 IST

  Following 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

  Politics | December 21, 2016 20:37 IST

  With 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

  Politics | December 21, 2016 19:29 IST

  Amid 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

  December 21, 2016 18:39 IST

  The 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

  Politics | December 21, 2016 16:00 IST

  The 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

  Politics | December 20, 2016 23:30 IST

  After 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

  Politics | December 20, 2016 17:48 IST

  Elated 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 | December 20, 2016 12:01 IST

  Robert 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 | December 19, 2016 15:46 IST

  The 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

  December 19, 2016 13:51 IST

  In 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 | December 18, 2016 22:32 IST

  Shredded 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'

  Politics | December 18, 2016 22:10 IST

  The 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

  December 18, 2016 18:26 IST

  Axis 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 | December 18, 2016 9:30 IST

  Venezuelan 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.