Tag: Demonetisation

Fake currency notes in Rs. 2000 denomination are in circulation in India after Demonetisation

Newsroom24x7 Network International syndicate of fake Indian currency notes and the Bangladesh connection Delhi Police nabs one international syndicate operative. He has supplied FICN amounting to Rs 20 million in Delhi and the adjoining states in last one year. The texture and printing of the currency notes that have been seized is of good quality

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RBI on demonetisation, decline in currency in circulation and surplus liquidity with banks

Newsroom24x7 Network Mumbai: Buoyed by festival demand and a bumper kharif harvest, a renewed pick-up in Currency in Circulation (CiC) was beginning to form in Q3-2016-17 when demonetisation abruptly stifled it. //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({}); Underscoring this point with regard to the trickling down of CIC in the aftermath of demonetisation, the Reserve

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President praises GST, demonetisation; lays emphasis on resolve for a New India

Newsroom24x7 Staff New Delhi: President of India Ram Nath Kovind today said that India will complete 75 years of Independence in the year 2022 and it is our national resolve to attain certain desired milestones for a New India by then. The President also reminded the nation about the illustrious leaders and the diverse generation that

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Credibility of Indian Economy has been restored during 3 years of NDA rule: Jaitley

Newsroom24x7 Staff New Delhi: Union Minster of Finance, Defence and Corporate Affairs Arun Jaitley today said that after the present NDA Government came to power at the Centre in May, 2014, it has been able to restore the credibility of the Indian Economy and also the image of the Government, which was at its rock-bottom

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The timing for demonetisation was perfect: Narendra Modi

Newsroom24x7 Staff New Delhi: Braving protests from the main opposition Congress side, Prime Minister Narendra Modi today emphatically stated in Lok Sabha that the timing for demonetisation (8 November last year) was perfect as the country’s economy was good. The Prime Minister was speaking on the Motion of Thanks on the President’s Address. It was

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Indian small auto borrowers face more short-term pressure

Newsroom24x7 Desk Demonetisation has disrupted economic activity – particularly in the informal sector – and is likely to have hit borrowers’ incomes.      — Fitch Ratings Hong Kong/Singapore: Demonetisation appears to have had a negative impact on Indian auto-loan repayments, based on collection reports from Fitch-rated securitisation transactions. Small auto-loan borrowers have been affected

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2016: Demonetisation, collapse of the steel frame of Indian bureaucracy, surgical strikes against Pakistan and Reservation in Promotion

Newsroom24x7 Desk  As 2016 was coming to a close, Prime Minister of India Narendra Modi shook the entire nation by announcing on November 8 the scrapping of the high denomination Rupee 500 and 1000 notes. Demonetisation, according to the Prime Minister, had been done to fight the scourge of black money and counterfeit currency and

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Delhi CM Arvind Kejriwal addresses huge crowd in Bhopal

Newsroom24x7 Staff Bhopal: Delhi Chief Minister and National Convener of Aam Aadmi Party (AAP) Arvind Kejriwal today started the campaign, two years ahead of Madhya Pradesh Assembly election to oust the Bharatiya Janata Party from power in this Central Indian State. Addressing a huge party rally at Chhola Dussehra Maidan here described the Madhya Pradesh

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Amounts exceeding ₹5000 in old notes can be deposited only once till 30 December

Newsroom24x7 Staff New Delhi: Five weeks after the Modi government announced the scrapping of the old ₹ 500 and ₹ 1000 notes, it has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30 December, 2016. The banks have been advised to conduct due diligence regarding the

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Mixed response to Opposition call for strike on demonetisation

Newsroom24x7 Staff New Delhi: The opposition parties today held a nationwide agitation against the decision of the Modi-led NDA government to stop the use of high level currency notes in the country. Altough it did not join the Opposition call for strike, the ruling Trinamool Congress in West Bengal led by chief Minister Mamata Banerjee

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Demonetisation: Rahul Gandhi, leaders of other parties protest outside Parliament

Newsroom24x7 Staff New Delhi: The proceedings in both the Houses of Parliament were stalled today as there were noisy scenes and protest in the well over the demonetisation of high value currency notes and Opposition members’ demand that Prime Minister Narendra Modi should be present during the discussion on the issue. Today, the Congress led

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Demonetisation will lead to “temporary delay of consumption, investment and loss in productivity”

Newsroom24x7 Staff New Delhi: Macroeconomic effects of the present cash crunch in India include a temporary delay of consumption and investment,  disrupted chains, farmers being unable to buy inputs, and some loss in productivity due to time lost to deal with cash issues.  There, according toThomas Rookmaaker, Director in Fitch’s Asia-Pacific Sovereigns Group , are

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Demonetisation is a case of organised loot and legalised plunder: Manmohan Singh

Newsroom24x7 Staff New Delhi: Former Prime Minister Manmohan Singh in a hard-hitting and erudite speech in Rajya Sabha today said that the Demonetisation of high currency notes by the Narandra Modi led Government at the Centre is a case of “organised loot and legalised plunder of the common people”. Singh said that the implementation of

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Shahdol by-election: Demonetisation and voters’ dilemma

Lalit Shastri Katni-Anuppur Highway (Madhya Pradesh): These are villagers in a crowded queue outside a bank on Katni – Anuppur highway in Madhya Pradesh. This area falls in the Shahdol Parliamentary constituency where polling for by-election will be held on 19 November. Most of those one talked to said they were waiting endlessly to withdraw

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