Demonetisation was aimed at removing black money and corruption, but undisclosed income keeps being unearthed from various parts of the country.
The stock exchange BSE has called off the merger of its unit at the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC), India International Exchange (India INX), with NSE International Exchange (NSE IX), a similar unit floated by rival National Stock Exchange (NSE), according to sources familiar with the development. BSE and NSE had been in discussions for the merger for over a year, but it has yielded no results, they said.
The specifics will also cover what's fit and proper to be a chest manager; the insurance and re-insurance aspects; and the new capital threshold, which is Rs 100 crore now.
The event will be significant for the Congress and Trinamool Congress leaderships, cementing the proximity during the winter session of Parliament.
What's the real reason behind ATMs running dry even in states that are not election-bound, wonders Nivedita Mookerji.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
Rs 14.5 lakh crore of Rs 500 and Rs 1,000 notes have been deposited as of 30/12.
Vivek Doval had filed a defamation case against Jairam Ramesh and Caravan Magazine for their alleged defamatory statements and articles against him. Additional Chief Metropolitan Magistrate Sachin Gupta heard the matter on Saturday.
The home ministry has deputed three top officials to be in touch with state governments to ensure security of banks, ATMs and cash transporting vehicles.
Sources say that there has been a lot of difference between the fake currency that used to be printed a year ago and what is available now, following the leak of the design. Investigations have revealed that the design may have been compromised through a D-company link, which is completely in charge of circulating fake currency in India.
The premises of Gurmeet Ram Rahim Singh's sect is spread over 800 acres and houses educational institutions, markets, hospital, stadium, recreational areas and houses.
As the 50-day deadline for completion of demonetisation process draws near, there is a growing consensus among bankers that the restrictions on withdrawal would have to continue even in the New Year so as to maintain orderly working at the banks.
A picture released by the federal agency showed bundles of seized Rs 500 currency notes along with a few in the denomination of Rs 2,000 and Rs 200 stacked together on a bed.
'Seven months he has been in jail for no reason.'
Prime Minister Narendra Modi on Sunday made a fresh push for reforms in global institutions, including the United Nations, asserting that the world's 'new realities' should be reflected in 'new global structure' as it is nature's law that those who don't change with times lose their relevance.
The former finance minister also criticised Prime Minister Narendra Modi over the words he chose to attack his predecessor Manmohan Singh, saying he should remember that the Chair he sat on was used by Pandit Jawaharlal Nehru and even Atal Bihari Vajpayee and hence he should use right language.
The Congress leader asked the government to not resort to further unorthodox, short-term economic measures that can cause any more uncertainty in the economy.
Shivakumar and his MP brother Suresh calling it a 'vindictive act' by the Bharatiya Janata Party-led government at the Centre to frame them.
He termed the Centre's decision to demonetise Rs 500 and Rs 1,000 notes as "surgical strike" on common man's "small savings" and not on "black marketeers".
Although the Opposition has been making a hue and cry over demonetisation, the BJP's programmes have been attracting crowds.
The issue of shortage of blank passport booklets leading to inordinate delay in issuance of passports figured in Rajya Sabha on Tuesday with members demanding immediate intervention of the government.
Attacking Modi, who is set to address the nation after end of the 50-day period he had sought from the people to ease their problems due to cash crunch, Congress's chief spokesperson Randeep Surjewala said that the PM is good at making announcements that are far from reality.
On average, about 60 cases were filed by the agency in 2019 and 2020, officials said.
The Delhi high court on Tuesday restrained the Aam Aadmi Party and several of its leaders from levelling "false" allegations against Lieutenant Governor Vinai Kumar Saxena and his family, after they claimed that he was involved in a Rs 1,400 crore scam.
Bharatiya Janata Party MLAs will continue their overnight protest at the Delhi assembly for the second consecutive day on Tuesday to demand the sacking of Aam Aadmi Party ministers over alleged corruption charges.
The Congress, which described the note ban decision as the "biggest scam" and "the largest government-abetted money laundering scheme", has asked all its state units to organise protests, processions and marches to mark the day.
Reserve Bank of India Governor Shaktikanta Das on Monday stressed on achieving 100 per cent self-sufficiency in banknote manufacturing in the near future. He was speaking after dedicating Varnika, the ink manufacturing unit of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), to the nation in Mysuru. BRBNMPL, a wholly-owned subsidiary of the RBI, has set up Varnika with an annual ink manufacturing capacity of 1,500 MT to enhance the security of banknotes.
'People are willing to face temporary inconvenience as they are determined to support PM Modi's crackdown on black money,' Commerce Minister Nirmala Sitharaman tells Archis Mohan.
He challenged political parties to face the polls with the issue.
The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund said in its regional economic outlook.
'During the transition process, we have some control over the withdrawals.' 'In terms of your wealth, the money in your deposit account is where it is.'
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
'The common man in India who doesn't have anything to hide will have to put up with this short period of discomfort.' 'It will not last more than 10 days at the most.'
Hours after the AAP announced its night-long sit-in against the Lieutenant Governor, BJP MLAs also started an overnight dharna on the assembly premises demanding the sacking of ministers Manish Sisodia and Satyendar Jain over alleged corruption.
Rare unanimity was witnessed as the members passed the Rights of Persons with Disabilities Bill, 2014.
While the government has the option of ensuring the passage of these Bills as money Bills, there are voices within the government advising discretion on the GST roll-out by April 1.
The protests will highlight the impact of the twin blows of demonetisation and GST
The WB CM visited three banks and several ATMs at Sarat Bose Road, Bhawanipore and Chowringhee and spoke to the people there. "These are all common people. Let the government nab the real culprits," Banerjee said.
The Supreme Court on Friday dubbed as a "serious issue" the long queues outside banks and post offices and expressed its reservation on the Centre's plea seeking a direction that no other court in the country should entertain petitions challenging the November 8 notification demonetising Rs 1,000 and Rs 500 currency notes.
India lost fastest growing major economy tag to China in the March quarter with a GDP growth of 6.1%
