'A bit of foresight would have helped.' 'Isn't it common sense that this is sowing and wedding season?' 'The plan is indeed unquestionably revolutionary, but better preparedness could have avoided such teething troubles.'
In last two days, he has been able to receive Rs 600 to Rs 700 through the e-wallet service
The finance minister said while the 10 years of the United Progressive Alliance government were characterised by "policy paralysis", the Modi dispensation introduced structural reforms to make India a developed nation and give it a cleaner economy.
After adding 11.7 million workers in the October 2022-September 2023 period from the pandemic lows in April 2021-March 2022, total workers employed in the vast informal sector in India - at 109.6 million - still remains below the pre-pandemic period.
The agency's probe till now found that huge monies were transferred through RTGS transfers to some shell companies including a case where the director of such a firm was a petty labourer
Terming Prime Minister Narendra Modi's demonetisation move as "very bold", China's official media on Saturday said it was a "gamble" that would create a precedent irrespective of whether it succeeds or fails and China will draw lessons from its impact on corruption.
'Farmers are like living corpses in India.'
Pakistan may want to undertake a 'false flag' operation in J&K to divert attention from the situation in Balochistan and Khyber Pakhtunkhwa but infiltrating one SSG battalion into J&K and having two SSG battalions waiting to follow suit means war, which Pakistan cannot afford in its current economic crisis, notes Lieutenant General Prakash Katoch (retd).
While BJP members moved into aisles shouting slogans and demanding an apology from Azad, Congress members too rushed into the Well raising slogans demanding an apology from the prime minister.
'The BJP gets most of its contributions in cash.' 'Now they may show that donations are made in small amounts, less that Rs 20,000, but everyone knows this is just absurd.'
Cottage industries across India have suffered heavily because of the note ban. In the second of a six-part series, Sanjay Jog travels to Bhiwandi to examine how the power loom industry here is coping five weeks on.
Using the Mahabharat reference as a leitmotif, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday claimed that an atmosphere of fear prevails all around with a group of six trapping the entire country in a 'chakravyuh' he promised would be broken by the INDIA bloc.
Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation. Ghosh would retire from the services of the bank as MD and CEO upon completion of his current tenure on July 9, 2024, the bank said in a regulatory filing. "After leading the bank for almost a decade, including three consecutive tenures as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group level," Ghosh said in a letter addressed to the board.
'It is going to be as high as 50% in the coming one or two months and can be about 20% to 25% in the medium term.'
Moody's said implementation challenges, in addition to affecting growth and government revenues, will impact corporates by lowering sales volumes and cash flows.
We are certainly for digitisation. I do not have opinion about demonetisation. I still don't, says Bill Gates.
The number of poor people travelling by train has followed a similar trend since 2011.
'If errors of judgement have been made, there should be no shame in admitting these.' 'Correct the wrong done immediately.' 'The janata will love the government for admitting its mistake,' Shatrughan Sinha tells Subhash K Jha.
'The government should come back as a job creator as it did in the 1960s and the 1970s.'
The ultra groups are desperate ever since the Narendra Modi-led government had decided to demonetise Rs 500 and 1000 currency notes from the midnight of November 8 last, which had an adverse impact on the activities of naxal and extremists group in the state, Additional Director General, Jharkhand, R K Mallick said.
Kejriwal alleged that demonetisation was the "biggest scam" in Independent India's history while Banerjee said Modi should not run the country through "dictatorship".
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
On the third anniversary of the Bharatiya Janata Party-led National Democratic Alliance government, Modi thanked the 1.25 crore people of the country for standing by him in every decision his government took.
The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday. The facility will resume on Tuesday (April 2, 2024) at the 19 issue offices of the RBI, it added. "The facility of exchange/deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024 at the 19 issue offices of the Reserve Bank of India due to operations associated with the annual closing of accounts," it said.
The opposition disrupted the Rajya Sabha, stalling midway the discussion on demonetisation that started on Wednesday.
The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.
Of the over five lakh responses, only two per cent rated demonetisation as a 'very poor' move by the government.
Demonetisation has hit Indian sports as well with the second edition of Pro Wrestling League (PWL) being postponed from its original scheduled start of December 15.
What's the real reason behind ATMs running dry even in states that are not election-bound, wonders Nivedita Mookerji.
A week after Prime Minister Narendra Modi announced that the Rs 500 and Rs 1,000 notes are illegal tender, at least 33 people have been reported dead in demonetisation-related incidents.
Finance Minister Arun Jaitley should not drop the ball on continuing the battle against black money and move towards digital transactions to reduce the preponderance of cash in the economy, says A K Bhattacharya.
The communication was clear, transparent and worded in a manner that did not induce any fear in the minds of the people, point out A K Bhattacharya.
Housing prices could drop by up to 30% over 6 to 12 months after demonetisation.
Image used for representational purpose only. Photograph: Jayanta Dey/Reuters The Congress also said demonetisation has come a full circle and added that the Rs 2,000 note was a "band-aid to cover up the foolish decision of demonetising" Rs 500 and Rs 1,000 notes.
'Have a long way to go even as a small finance bank, both in terms of size, and in terms of fulfilling our aspirations for financial inclusion.'
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
A post in Humans of Bombay's Facebook page from a manager of a bank will give you an insight of what the bankers are going through and will urge you to cooperate with them.
James Wilson tracks down discrepancies in the much-hailed demonetisation policy and the subsequent statements of the government and the Reserve Bank of India.
Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.
"While it takes political courage to launch such a trailblazing and massive campaign; it actually takes far more wisdom to give it a happy ending," an article in the state-run Global Times said.
