For the party's traditional vote bank -- traders -- demonetisation was a 'political betrayal.'
The PM has demonetised high currency notes to waive off Rs 1.14 lakh crore loans of industrialists and he is now planning for another waiver of Rs 8 lakh crore, he said.
Security forces killed at least 26 Naxalites in a fierce exchange in Bijapur district of Chhattisgarh, while four more were gunned down in Kanker district, the state's Deputy Chief Minister Vijay Sharma said on Friday. The encounter, which occurred on Thursday, took place while the Naxalites were gathered for a Tactical Counter Offensive Campaign (TCOC) meeting, a period observed between March and June. The Deputy CM hailed the operation as a major achievement against the Naxals.
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
In the fifth of a six-part series on the impact of demonetisation, Avishek Rakshit senses a storm brewing over the 850-odd tea gardens in the north eastern state, which have a weekly and fortnightly payment cycle.
He will highlight the pain suffered by public due to demonetisation.
"I want an attack on benami properties earned through illegal means for more effective results against black money," Kumar said.
He also criticised the Centre's ambitious Ahmedabad-Mumbai bullet train project and dubbed it an exercise in vanity.
US President Donald Trump has proposed a deal to China that would see the sale of TikTok's US operations to an American buyer in exchange for a reduction in tariffs on Chinese exports to the US. The proposal comes amid a trade war between the two countries and follows China's retaliation of Trump's tariffs on Chinese goods. Trump has also said that tariffs are a powerful economic tool and that he is determined to ensure fair trade between the US and China.
Business Standard checks out trade hubs across the country to assess the impact of demonetisation. The first of a six-part series takes a look at Tirupur.
China supplied more than $20 billion worth of arms to Pakistan. These include 20 J-10CE and JF-17 Block III fighter aircraft, Wing Loong drones, frigates, submarines, Hongqi HQ-9P surface-to-air missiles, 240 PL-15E air-to-air missiles, LY-80 air defence systems, ZDK early warning aircraft and other weapons.
As Prime Minister Narendra Modi defended the demonetisation move, the united opposition hit back at the government over common man's suffering.
The I-T Department had identified 1.8 million taxpayers in its Operation Clean through data mining and asked them to submit responses about the source of their deposits.
Protests by various parties could be seen as they demanded the Prime Minister Narendra Modi rolled back the demonetisation scheme.
Union Ministers Arun Jaitley and Venkaiah Naidu have also spoken to Thackeray.
The Supreme Court will hear on Friday a plea challenging a Bombay high court verdict upholding a Mumbai college's decision to ban hijabs, burqas and naqabs inside the campus.
While demonetisation will benefit the organised sector, the government has to find a way to channel the upcoming revenue buoyancy towards job creation to balance out job losses in the informal sector, says Akash Prakash.
Car sales likely to touch record 3-mn mark by the end of March.
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
'I'm not accepting the 'any act of terrorism is an act of war' threshold.' 'I don't think this is sustainable because if you do this four or five times in a short duration, it will lose its edge.'
Amid rising tensions between India and Pakistan, the US has called on both countries "not to escalate" the conflict. Secretary of State Marco Rubio is expected to speak with the foreign ministers of Pakistan and India as early as today or tomorrow. The US State Department said Washington is reaching out to both India and Pakistan "regarding the Kashmir situation" and telling them "not to escalate the situation."
In December 2016, RBI had granted additional 60 days for repayment of certain loans
Senior Congress leader Jairam Ramesh also asked the RBI to make public details of FDI inflows from Cayman islands since demonetisation.
Demand bounces back but uncertainty over GST rate for jewellery casts a shadow over future.
In the second of a four-part series, Business Standard checks out the currency press in Dewas to find target-based allowances have increased the monthly salary of employees from Rs 10,000 to Rs 30,000, at a time when notes are being printed 24x7.
Shah claimed that BJP was sensitive to the problems being faced by people queuing up outside the banks and ATMs but said they must realise that the step had hurt 'those sleeping over hoards of black money three thousand times more than the people on the streets'.
The Supreme Court on Friday held that the Prohibition of Child Marriage Act cannot be stunted by personal laws and that marriages involving children violate the free will to have a life partner of choice.
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."
'While people complain of the difficulties they are experiencing because of the lack of currency, they remain supportive so far of Mr Modi's initiative.' 'What the country should be concerned about is the prospect of a prime minister who is willing to sacrifice economic gain and risk large-scale job losses in exchange for personal popularity,'
Opposition parties disrupted the proceedings of the Parliament for the fourth consecutive day on Tuesday over the demonetisation issue.
Pronab Sen, the government's former chief statistician, says contrary to perception, GDP growth won't be drastically hit in the present quarter.
Universities and immigration authorities take student conduct seriously. Behaviour that is deemed unacceptable or dangerous can lead to legal consequences, including deportation, warns Dr Pananjay Tiwari, founder and director, Impel Overseas Education.
A Dhaka court has ordered the freezing of 31 bank accounts linked to ousted prime minister Sheikh Hasina, her family members and their associates over corruption allegations. The accounts, holding a total of Tk 394.6 crore (INR 281.2 crore approximately), belong to Hasina, her son Sajeeb Wazed Joy, daughter Saima Wazed Putul, sister Sheikh Rehana, nephew Radwan Mujib Siddiq Bobby and their related organizations. The Anti-Corruption Commission (ACC) claims Hasina and others are trying to transfer the money from these accounts, prompting the court to issue the freezing order.
Modi attended the House during Question Hour as Thursday is the day of questions listed against the PM's name.
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.
"They need to clarify that demonetisation means it is demonetisation for all. Same rules for everyone. If 500/1000 are illegal tender, then how are they trying to show that there is a division between common people and political parties?" Banerjee said in a series of tweets.
In a shot in the arm for the Bharatiya Janata Party and Shiromani Akali Dal ahead of Punjab assembly polls, their alliance on Tuesday defeated Congress in the Chandigarh municipal corporation election in which demonetisation had emerged as a key issue.
Asserting that the government has launched a "crusade" against corruption and black money by demonetisation, Prime Minister Narendra Modi on Tuesday sought opposition's cooperation while his rivals called the decision ill-prepared and hasty, causing "economic chaos".
Union Finance Minister Arun Jaitley today said demonetisation left Maoists in many parts of India and separatists in Jammu and Kashmir "fund starved".
"You (banks) can go get clarification from the apex court. If SC says there is no stay, then we will hear this matter. But till then it would not be proper for us to hear the petitions or grant any relief as the apex court is already seized of the issue," Justice Oka said.
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