"demonetisation"

The RBI had announced the withdrawal of Rs 2000 notes on May 19, 2023 and the circulation of notes has drastically come down from Rs 3.56 lakh crore to Rs 6,691 crore as of December 31, 2024

Viksit Bharat by 2047 is too distant a goal, for youth can’t wait too long for the fulfilment of ‘guarantees’

He also wondered why did the Prime Minister's "favourite allies" - Enforcement Directorate (ED), Income Tax (I-T), and Central Bureau of Investigation (CBI), were silent in this regard.

The lessons from Byju’s and Paytm crises are clear: Innovation must be wedded to integrity and expansion to ethical practice

In a set of Frequently Asked Questions (FAQs) on its website, the RBI said people can send the notes to any of its 19 issue offices from any post office.

Congress General Secretary Jairam Ramesh took a dig at Prime Minister Narendra Modi, tweeting that the Prime Minister's focus seems to be solely on favoring his selected capitalist associates.

Harish Rao listing out adverse impact of demonetisation before media at the BRS Legislative Party office, said demonetisation did not meet even one of its three core objectives

BJP-led Central government yet to accept that demonetisation had a disastrous impact on economy

Nirmala Sitharaman said in the Lok Sabha The mission of the government is to move towards a less cash economy to promote digital economy response to a question posed by MP N Uttam Kumar Reddy on demonetisation

The apex court’s ruling on demonetisation should not be interpreted as a judicial endorsement of the success of the note ban

Pronouncing the majority judgment, Justice Gavai said that the decision-making process cannot be faulted merely because the proposal emanated from the Central government.

Nanded: Congress MP Rahul Gandhi has slammed Prime Minister Narendra Modi saying his Demonetisation and hasty implementation of GST destroyed the economy and led to massive joblessness in the country. Addressing a huge rally during the Bharat Jodo Yatra (BJY) in Maharashtra’s Nanded on Thursday, Gandhi criticised Modi for the disastrous decision to demonetise Rs […]

Exactly six years ago, an out-of-the-blue announcement on demonetisation by Prime Minister Narendra Modi took the nation by surprise. It was packaged as a bold move to unearth black money, reduce counterfeit currency and choke terror funding. But it turned out to be India’s greatest economic disaster. As far as the merits of the move […]

New Delhi: Describing demonetisation as an “economic genocide” and a “criminal act”, opposition parties slammed the BJP-led Centre for its decision taken on this day in 2016 to scrap high-value currency notes. On November 8, 2016, Prime Minister Narendra Modi announced the demonetisation of the old Rs 1,000 and Rs 500 banknotes. The key objectives […]

Hyderabad: TRS (now BRS) working president and Industries Minister KT Rama Rao termed the demonetisation initiated by the Narendra Modi government on November 8 of 2016, a colossal failure that crippled the growing Indian economy. He demanded that Modi apologise to the people of the nation for this massive policy failure and take urgent measures […]

Mumbai: Currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move. At Rs 30.88 lakh crore, the currency with the public is 71.84 per cent higher than the level for the fortnight […]

New Delhi: The Supreme Court on Wednesday asked the Centre and the RBI to file comprehensive affidavits on the 2016 demonetisation decision and also keep the files ready in connection with Centre’s letter to the RBI, the decision of the RBI Board, and the demonetisation announcement. During the hearing, a five-judge bench, headed by Justice […]

A five-judge Constitution bench comprising Justices S. Abdul Nazeer, B.R. Gavai, A.S. Bopanna, V. Ramasubramanian, and B.V. Nagarathna, at the outset asked the petitioners' counsel, whether the issue survives now?

Despite the rapid growth in digital payments over the last few years, cash remains the king in India. As a proportion of the gross domestic product (GDP), Indians still hold a relatively large share of cash, one of the highest in the world. The Currency in Circulation (CiC), as a proportion of GDP, has grown […]

Hyderabad: Remember the days of demonetisation, when many of us heard and believed the news about nano-GPS chips being embedded into Rs 2000 notes to be true? Sony TV has now released a promo regarding the same. The ad targets the spread of fake news and misinformation and explains the importance of news verification. In […]