Demonetisation Move
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Mann Ki Baat: PM Modi urges citizens to embrace e-banking, mobile banking
National | Nov 27, 2016, 01:37 PM ISTPrime Minister Narendra Modi on Sunday appealed the people, particularly the youths, to embrace e-banking and mobile banking for cashless transactions. "I need your support," Modi said in his monthly radio broadcast "Mann Ki Baat"
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After demonetisation of currency worth Rs 14L cr, only Rs 1.5L cr of new notes brought in: Report
Nov 27, 2016, 08:35 AM ISTFollowing the demonetisation of 500 and 1000 rupee notes worth over Rs 14 lakh crore, new notes worth only Rs 1.5 lakh crore have come into circulation so far.
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Mayawati accuses PM Modi of 'blackmailing citizens', says demonetisation politically motivated
National | Nov 26, 2016, 09:21 PM ISTBlasting the over "poor implementation" of the demonetisation of high value currency notes, Bahujan Samaj Party (BSP) chief Mayawati today accused Prime Minister Narendra Modi of "blackmailing citizens by getting emotional everytime". She also said
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Ratan Tata asks people of India to support PM Modi on ‘demonetisation’
Nov 26, 2016, 04:41 PM ISTNoted industrialist Ratan Tata today lauded Prime Minister Narendra Modi’s decision to ‘demonetise’ high-denomination currency notes and asked the countrymen to support his courageous initiative.
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Hanuman temple in Andhra Pradesh receives massive donations in Rs 500 and Rs 1000 notes
India | Nov 26, 2016, 03:22 PM ISTA Hanuman temple in Vijaywada city of Andhra Pradesh has received a whopping amount of Rs.1 crore and 5 lakh as donation in last one month after the central government scrapped high-denomination currencies.
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Unaccounted deposits in old notes to attract 50pc tax, four-year lock-in period
Nov 26, 2016, 10:30 AM ISTThe government is planning to levy a minimum of 50 per cent tax on unexplained bank deposits made using the scrapped currency notes up to December 30.
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Exchange of old Rs 500 and Rs 1,000 notes to continue at RBI counters
Nov 25, 2016, 11:51 AM ISTThe Reserve Bank of India (RBI) today said that the facility to exchange old Rs 500 and Rs 1,000 notes will continue to be available at its counters, but not at those of commercial banks.
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‘Demonetisation’ will destroy black money stashed over 70 years, Modi govt tells Supreme Court
India | Nov 24, 2016, 06:00 PM ISTThe central government today told the Supreme Court that the real intent behind ‘demonetisation’ is to fight ‘black money’ and ‘corruption’.
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On Narendra Modi app, over 90 pc respondents support PM’s demonetisation move
National | Nov 23, 2016, 09:02 PM ISTPrime Minister Narendra Modi on Wednesday claimed that over 90 per cent of the 5,00,000 people who participated in an online poll supported the Centre’s demonetisation move.
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Rs 21,000 crore deposited in Jan Dhan accounts post demonetisation
Nov 23, 2016, 06:37 PM ISTJan Dhan bank accounts, opened under the government’s financial inclusion scheme, have seen a spurt in transactions post demonetisation with a whopping Rs 21,000 crore being deposited to these accounts.
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Demonetisation: 268 pc rise in tax revenue for civic bodies in November, 47 municipalities mop in over Rs 13K cr
India | Nov 23, 2016, 04:19 PM ISTThe tax revenue of 47 municipalities this month is over two and a half times the amount collected in November last year as they continue to accept cash in demonetised Rs 500 and Rs 1000 notes.
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Demonetisation: Taking bribe is a 'necessity', says engineer with 'black money' stash
India | Nov 23, 2016, 03:56 PM ISTPrime Minister Narendra Modi’s ‘demonetisation’ move has shocked a number of corrupt government officials who had stashed ‘black money’ in their homes and other places.
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IT industry to benefit from ban on Rs 500 and Rs 1000 notes: NASSCOM
Nov 23, 2016, 12:53 PM ISTThe National Association of Software and Services Companies (NASSCOM) has said that the government’s ‘demonetisation’ move will benefit the Indian IT industry in a big way.
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ATM queues getting shorter, situation to normalise in another 20 days: Govt assures SC
India | Nov 23, 2016, 01:56 PM ISTMore than Rs 6 lakh crore have been deposited so far in banks after the announcement of the demonetisation move, the government told the Supreme Court today.
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By stopping the 'normal' of last 70 years, PM Modi has created a new 'normal': Arun Jaitley on note ban
National | Nov 22, 2016, 12:27 PM ISTUnion Finance Minister Arun Jaitley today lauded Prime Minister Narendra Modi for the demonetisation move, saying that it was a courageous step and one that had created a new normal by disrupting the normal for the past 70 years.
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Govt forms panel to assess status of demonetisation drive
Nov 22, 2016, 11:15 AM ISTThe government has constituted a committee comprising Additional Secretaries, Joint Secretaries and Directors to know the status of implementation of its recent decision to scrap Rs 500 and 1,000 notes.
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Using choppers and IAF planes, govt reduces time to transport cash to six days
India | Nov 21, 2016, 10:26 AM ISTThe government is working round the clock to reduce the transportation time of cash from printing to the main distribution centres from 21 to just six days.
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Demonetisation: Income Tax issues notices to those depositing huge cash, seeks ‘source’ of funds
Nov 19, 2016, 08:27 PM ISTTen days after demonetisation of Rs 500 and Rs 1,000 notes was announced, the Income Tax department has started cracking the whip on people depositing huge amount of cash using scrapped notes.
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Demonetisation to bring probity in politics, government: Rajnath Singh
National | Nov 19, 2016, 04:32 PM ISTUnion Home Minister Rajnath Singh today once again lauded Prime Minister Narendra Modi’s demonetisation policy saying the ‘action will bring probity in political and administrative works besides reducing the gap between rich and poor’.
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Demonetisation: Queues getting shorter at banks but long wait at ATMs continues
Nov 19, 2016, 02:54 PM ISTMany banks have now started witnessing shorter queues following some restrictions on exchange of scrapped Rs 500 and Rs 1,000 notes, but people were still seen waiting in frustration at ATMs due to cash scarcity.