PAC summons RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das.
Demonetisation impacted the smartphone market at almost all levels, including customer demand and stock movement in distribution channels.
The total number of returns filed as on August 5 stands at over 2.82 crore as against over 2.26 crore filed during the corresponding period of 2016-17
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
A bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud said, "We will examine both aspects (inconvenience and constitutional validity) of the matter. Come on Friday at 2 pm".
His about-turn in the farm laws proves that he sees everything in just one dimension: Politics. That helps sometimes. But not always, observes T C A Srinivasa-Raghavan.
'This is not Ahmedabad Gymkhana but people's house'
Kickstarting his party's 'Mission 2022' with a 'rath yatra,' Samajwadi Party chief Akhilesh Yadav on Tuesday hit out at the Bharatiya Janata Party, saying it has 'crushed farmers' and on return to power in Uttar Pradesh would 'crush the Constitution' as well.
While looking at consumer behaviour in the post demonetisation period, the research found that rural consumers were equally enthusiastic about cashless payments.
The Gujarati's intolerance for diversity can be seen in India's hard nationalism which is showing itself in Kashmir and the North East, observes Aakar Patel.
There's no place like home, but even for the affluent buying one in India is difficult. On top of that, the coronavirus pandemic-now in its eighteenth month-has made life uncertain. A hopeful thing is buying a house looks alluring as loan interest rates fall below 7 per cent, their multi-decadal lows. The slow decline in GDP growth after demonetisation, followed by the economic shock caused by Covid-19 waves, has hurt us unevenly.
HR Guru Mayank Rautela offers practical advice.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
It was reported that the new amnesty scheme would allow gold hoarders a chance to come clean on investment made using black money by declaring their possession and paying tax on it.
The 'thanksgiving and feedback' programme will also gauze public mood by asking them about the problems they face.
The Congress vice president took to Twitter asking the prime minister as to whom had he consulted before taking the decision and wondered as to why were "experts, economists and Reserve Bank of India not consulted".
He, however, did not make it clear what aspects he wanted Modi to admit as the "mistake"
The survey conducted jointly by Association for Democratic Reforms and UP Election Watch to study impact of demonetisation on poll expenses said, "Demonetisation will have no impact in the campaigning or the poll expense."
'There are a lot of positive things these reforms are bringing about and it is only a matter of some quarters before the growth rate picks up momentum.' 'Until then we need to be a little bit patient.'
"On demonetisation, across the board for pretty much all of industry, and CPG (Consumer Packaged Goods) in particular because it hit the individual retailer significantly, demonetisation had a significant impact on our India business in Q4," Nooyi said during an earnings call for Pepsi's fourth quarter that ended on December 2016.
The finance ministry on Friday informed a parliamentary committee that smuggling of fake currency has totally stopped post demonetisation and the tax department has seized Rs 515 crore in cash, including Rs 114 crore of new currency notes, up to January 10.
To mark the anniversary of note ban, the Congress was observing a 'black day'.
However, even 10 days after Modi took the nation by surprise by announcing demonetisation of Rs 500 and Rs 1000 currency notes, his rivals continued to aggressively target him
'The choice of chief minister after the win is a pointer to what issues really mattered at the polls.' 'Perhaps, demonetisation was an electoral side issue -- a reflection of the disconnect between commentators in the cities and the realities on the ground,' says Somasekhar Sundaresan.
'Make cash available now, don't put people into suffering.' 'You should not come to a situation where the operation was successful and the patient is dying.' 'What did not happen in India for several years, you cannot do in 50 days.' 'This is agony and pain.'
Continuing to target Prime Minister Narendra Modi on his second day of campaign in Tamil Nadu, Congress leader Rahul Gandhi on Sunday alleged Chinese troops have occupied Indian territory and the man with '56 inch-chest' cannot even utter the name of the neighbouring country.
Naidu on Wednesday said he has been supporting demonetisation, but added that problems arising out of the exercise "continue" as "we are going (about them) in a routine manner". "We have to take an innovative approach," he said, claiming that his remarks were "distorted by some".
While Bihar and J&K have the least proportion of bank account holders using debit cards at PoS machines, Telangana's record is the highest.
But his opponents are making a mistake. They shouldn't be smug, argues Vir Sanghvi.
"I am spending two hours daily to ease the problems caused by demonetisation. I am breaking my head daily but we are unable to find a solution to this problem," the CM said.
The country may become militarily impressive, pile on GDP and the durbar of the ruling party may fill with the wealthy indebted to the rulers for their riches. But the spontaneous camaraderie of a free people will diminish and with it, our shared ownership of the country, warns Shyam G Menon.
Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, data from Reserve Bank of India (RBI) showed. This trend has not been seen in nearly two decades, barring 2016 - the year of demonetisation.
Many traders say that after demonetisation cash in the market has drastically reduced
Terming demonetisation as an 'unplanned and unthought process', Vadra wrote, "The government seems to have reached its levels of desperation to overcome the initial blunder it created."
A combination of demonetisation, a poorly and hurriedly implemented GST, and more recently the "botched up" lockdown of the economy to control the spread of Covid has brought the economy to its knees.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
Both denominations are printed at the old rates
When asked whether Sonia will be present at the day-long convention, Congress spokesman Shaktisinh Gohil told reporters that Rahul had led the agitation against demonetisation and he would preside over it.
Likening the National Population Register and the National Register of Citizens with demonetisation, Congress leader Rahul Gandhi on Friday said these exercises are "tax" on the poor, who will suffer the same way they did after the note ban in November 2016. "Poor people will have to go to officers and show their documents and give bribe. They will have to give bribe if there is a slight mistake in their names. Crores of rupees will be pulled out of the pockets of the poor and will be given to the same 15 people. This is the truth. It is an attack on the people," he said.
Opposition parties are holding nation-wide protests against the currency ban on Monday as part of the Jan Aakrosh Diwas to agitate against demonetisation.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances