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.
"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.
"We feel there is a scam behind this decision," Rahul said.
Mamata telephoned his party chief Uddhav Thackeray and sought Sena's support in "voicing the concerns of the common man".
Lead players in the poll-bound state are understood to be re-working their strategies on how to manage the campaign with less money with Rs 500 and Rs 1,000 notes becoming illegal tender in one stroke.
Breaking from opposition ranks, the JD-U chief had supported the demonetisation move taken by the PM.
How are the illiterate and aged coping with Modi's demonetisation, wonders Subir Roy.
Amid strong attack by Opposition over demonetisation, Prime Minister Narendra Modi on Thursday took to Twitter to assert that the "short term pain" will pave the way for "long term gains" and insisted that farmers, traders and labourers stand to gain from this step.
It's been 15 days since Prime Minister Narendra Modi sent ripples across the nation when he announced that Rs 500 and Rs 1000 notes would be demonetised immediately. Here are some of the protests that the country has witnessed since then.
SC asked AG to file an affidavit about the measures undertaken by the govt and RBI to minimise public inconvenience.
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.
Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.
Opposition members in the Lok Sabha on Monday blamed the Bharatiya Janata Party-led central government's policies for the price rise and accused it of ignoring the plight of common people, saying kitchens will soon "see a lockdown" if the Centre does not take corrective measures.
"It was a social event and we did not talk politics there," he said on his interaction with Modi.
Uddhav said there was no point in Modi becoming emotional at a time when people have tears in their eyes.
This mean that just Rs 10,720 crore of the junked currency did not return to the banking system.
Setting the mood for the assembly elections in Karnataka due next year, former Congress President Rahul Gandhi on Friday exhorted party leaders in the state to work together, as he set an ambitious target to win a minimum of 150 seats.
Prime Minister Narendra Modi and Bahujan Samaj Party chief Mayawati on Monday traded barbs with her party dubbed as 'Behenji Sampatti Party' and she punning on his initials calling him 'Mr Negative Dalit Man'.
Following demonetisation, the Reserve Bank had also introduced new Rs 500 and Rs 2,000 notes.
To mark the anniversary of note ban, the Congress was observing a 'black day'.
CREDAI-MCHI, a body of developers in Mumbai, has pegged the drop in sales booking at around 80 per cent in the February-March period this year. This is the second highest fall in residential sales in the past five years, after Q1, 2017, when the decline, due to the note ban, was 37 per cent.
'...because the party is based on the Constitution.'
Bahujan Samaj Party chief Mayawati on Sunday cautioned voters that neither an Samajwadi Party-Congress alliance nor a united SP can check Bharatiya Janata Party and that only her party would render a crushing blow to Modi government by defeating the saffron party in Uttar Pradesh so that it does not take "immature" steps like the note ban.
A scrutiny of the PM's statements in the last 12 weeks lays bare a stunning lack of homework for a policy that has affected each of the 1.25 billion people of India.
All the action in parliament LIVE!
The opposition leaders have decided to seek an apology from Prime Minister Narendra Modi for his remarks.
Taking a dig at Narendra Modi's demonetisation move, Uttar Pradesh Chief Minister Akhilesh Yadav termed cashless economy as a "bigger dream" than 'achche din' and said the note ban will be an issue in the upcoming assembly elections in the state.
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
Rahul dubbed PM as a 'super event planner', who had made 'perfect planning' to take the money from the poor to help the rich who owe as much as Rs 8 lakh crore to the banks.
The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
He also sought to know if Modi, during his recent meeting with Chinese President Xi Jinping, asked the latter about the 2017 Doklam standoff.
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
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.
WATCH LIVE! All the action in Parliament.
The startling report comes at a time when many analysts are concerned over almost all the key indicators heading south or even contracting, forcing the government to offer massive tax giveaways.
Sops for middle class, poor and farmers on cards.
A united Opposition is expected to move amendments to the motion of thanks for the President's address on how note ban was a mess.
Unemployment was worse only in the pre-demonetisation period, according to the data, at 9.6 per cent in August 2016.
Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered double-digit rise
Mayawati alleged that the prime minister had crossed all limits of decency in terming the Bahujan Samaj Party her personal property.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances