One thing is certain: Demonetisation has broken the back of terror funding, says Colonel Anil A Athale.
'We feel EMI holidays should pick up now.' How travel companies are trying to win customers after demonetisation.
In the wake of Centre's decision to demonetise currency notes of Rs 1,000 and Rs 500, the organisers of the Pune International Marathon (PIM) have postponed the run and has been rescheduled for January 2017.
A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said the Constitution Bench would also deal with the individual plea of those who could not deposit their currency notes during the window period provided by the Reserve Bank of India.
'Our politicians solely depend on bureaucrats who are unaccountable and follow their own agenda.' 'Our politicians would dare not dream of establishing a DOGE,' argues Lieutenant General Prakash Katoch (retd).
Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.
"It is very dangerous in the 21st century to exclude people," said the Congress president.
In an attempt to put an end to speculations surrounding its demonetisation decision, the Narendra Modi government has released a series of infographics.
As the government attempts to find a truce with a united opposition, which has disrupted both the Houses of Parliament since the beginning of the Winter Session, Prime Minister Narendra Modi is likely to participate in the discussion on demonetisation in Rajya Sabha.
'High denomination cash notes which was 1.4 lakh crores of Rs 500 and Rs 1,000 notes in 2004 became Rs 15.5 lakh crores in 2016.' 'If it had been allowed, by 2022, it would have been Rs 34 lakh crores, and that would have been the end of the Indian economy.' 'Demonetisation was a huge hit on the head of the economy, but without the hit, you could not U-turn the economy.'
Parliament is expected to see yet another day of washout with an aggressive opposition insisting on Prime Minister Narendra Modi's presence in Parliament during the debate on demonetisation.
"This 'notebandi' is a positive step which will lead to benefits. It will happen," the JD-U president said, terming corruption and black money as a "big sin and festering wound" which must be eradicated.
The Supreme Court on Friday refused to tinker with the move to do away with the use of now-defunct high-value currency notes for public utilities, in government hospitals and for rail tickets.
'Investors hate uncertainty and the demonetisation move certainly creates that.'
'The more harder India pushes its nationalism on to its population, the further away we send Kashmiris.' 'We should understand that the unrest in that state cannot be solved by demonetisation. There are much deeper causes,' says Aakar Patel.
Stating that implementation of the demonetisation policy had its "share of challenges", Nooyi hoped that things will return to normal by the second quarter.
Kerala Chief Minister Pinarayi Vijayan, along with his ministers, sat on a dharna in front of the Reserve Bank of India office in Thiruvananthapuram protesting against the Centre's move to "destroy" the cooperative sector in the state under the cover of demonetisation process and also took pot shots at Prime Minister Narendra Modi.
While Zee managed single-digit growth in revenue, HT Media's income dipped marginally, reports Urvi Malvania/Business Standard.
India Inc said policymakers should take doable steps to revive fixed investments and production of capital goods
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.
FY17 GDP growth faces cash crunch heat
The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 7,581 crore at the close of business on June 28, 2024.
Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report.
The note ban is Modi's make-or-break gambit for 2019. Opposition leaders see a vulnerability and won't gift pre-eminence to the Congress, says Shekhar Gupta.
In Reserve Bank offices, 59 CVPS machines are used and each machine is operated by a set of five persons under a supervisor who supervises a cluster of machines
It has always been accepted in various apex court rulings that economic policy is not justiciable. It can intervene only if the legislation is seen to violate fundamental rights says Sukumar Mukhopadhyay.
Mr Pradhan's understanding of realpolitik and organisational dynamics makes him the ultimate party man, notes Aditi Phadnis.
He dismissed as "hollow claim" Prime Minister Narendra "Modi's propaganda" that things have started looking up
A Nielsen report found that biscuits, salty snacks, toilet soap, shampoo, washing powder and skin creams were reporting a sharp decline in sales due to demonetisation, reports Viveat Susan Pinto from Mumbai.
They alleged that the central bank has "failed miserably" in handling the situation post-demonetisation.
Falling sales since demonetisation has alarmed CEOs, who want to save cash till the economy recovers.
Microfinance portfolio of SFBs saw a muted growth of about 3% last year
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
Kharge's remarks came after Modi on Friday said the Congress stands "badly exposed" in front of people for promising to them what the party knows it will never be able to deliver.
The Chittoor MP's dress was split vertically with a white part having pictures of a wailing farmer and a worker while the other portion in black showed rich people rejoicing.
The annual cash offerings of the hundi in the just ended calendar year have even crossed Rs 1000 crore
Yechury said the prime minister was making statements after statements outside Parliament when it was in session but not inside and this 'amounts to utter contempt of Parliament'.
Mounting a blistering attack on Prime Minister Narendra Modi, Rahul Gandhi on Friday said the demonetisation drive launched by him was "firebombing of 99 per cent honest people" and not a "surgical strike".
In all the time he has spent in bank and ATM queues, these are the 10 arguments that were being thrown at him constantly by those supporting the demonetisation, says Syed Firdaus Ashraf.
