Demonetisation

IMF chief economist throws his weight behind Narendra Modi

Maurice Obstfeld, however, supports the RBI, saying the central bank's independence is a must for ensuring financial stability.

2 days ago

Demonetisation threw up political, economic puzzles: Arvind Subramanian

The former Chief Economic Advisor also said that the autonomy of RBI must be protected because the country will benefit from having strong institutions.

3 days ago

Fitch lowers Indian economy's growth estimate; says rupee will weaken in 2019

Fitch said widening current account deficit and increasingly challenging global economic conditions will cause the rupee's slide.

6 days ago

BJP not doing issue-based politics, says Ashok Gehlot

On demonetisation, Gehlot said it was a black chapter and the Prime Minister "shattered" the country's economy.

10 days ago

Demonetisation continues to haunt India as notes printed in 2016 becomes unusable

The scale of the problem is so huge that apart from the Rs 2,000 and Rs 500 notes, even the newer Rs 10 notes, which were issued this year have also started to become 'unusable'.

13 days ago

Madhya Pradesh elections: No substance in what PM Modi speaks, says Rahul Gandhi

The Congress leader said the Shivraj Singh Chouhan government in the state destroyed the education sector with Vyapam, the entrance examination, admission and recruitment scam unearthed in Madhya Pradesh in 2013.

19 days ago

Half of India's ATMs to close down by March 2019; is 'Digital India' ready?

The Confederation of ATM Industry (CATMi) has warned against another financial shock which may arrest the cash supply in the economy.

19 days ago

Chidambaram responds to PM Modi's challenge, lists non-Gandhi Congress presidents

On Friday, Modi had slammed Congress after MP Shashi Tharoor's remarks that a "chaiwala" (tea-seller) became the Prime Minister because of Jawaharlal Nehru's commitment to democracy.

25 days ago

PM Modi steps in to quell RBI-North Block spat

The Prime Minister may have met RBI chief Urjit Patel to defuse RBI-Finance Ministry dispute ahead of the announcement of the action plan to boost MSME sector.

29 days ago

RBI board had rejected govt's assertion that demonetisation would curb black money, fake currency

The minutes of RBI's central board, convened on 8 November, 2016, revealed that the directors also expressed concern about the short-term negative impact the exercise would have on the GDP.

Nov 9, 2018

Visa and Mastercard losing market share in India to indigenous UPI, RuPay card: Arun Jaitley

PM Modi has said when Indians use RuPay they were serving the country as its transaction fees stay within India and could help build roads, schools, and hospitals.

Nov 9, 2018

Demonetisation spurred Indian economy's digitisation but issues remain

Whatever the avowed objectives of the controversial demonetization, it did help the Digital India initiative. However, the weak internet infrastructure has affected the government efforts to bridge the digital divide.

Nov 9, 2018

Scars and wounds caused by demonetisation more visible with time: Manmohan Singh

Describing demonetisation as an "ill-fated" and "ill-thought" exercise, Singh said the havoc unleashed on the Indian economy and society is now evident to everyone.

Nov 8, 2018

Moody's predicts slowdown in economic growth for India in 2019

The agency attributed the reason to the fall in the domestic demand on higher borrowing cost due to rising interest rates

Nov 8, 2018

Arun Jaitley takes on demonetisation critics; calls it a key step to formalise economy

Congress has launched a campaign using hashtag '#DestructionByDemonetisation'. And responding to the campaign, the BJP has started a Twitter war by using hashtag #CorruptCongressFearDemo.

Nov 8, 2018

From Kejriwal to Manmohan, Opposition leaders train guns on BJP over demonetisation

On the second anniversary of the ban on Rs 500 and Rs 1,000 currency notes, the Congress called it a "black day" for the democracy and national economy, while the CPI-M termed it the "biggest scam in the history".

Nov 8, 2018

Demonetisation anniversary: Mamata Banerjee calls PM Modi's initiative a 'disaster'

"#DarkDay Today is the second anniversary of #DeMonetisation disaster. From the moment it was announced I said so," Mamata Banerjee tweeted on Thursday.

Nov 8, 2018

PM Modi's demonetisation drive a 'black day' for India's democracy, economy: Congress

On November 8, 2016, the Centre had declared Rs 500 and Rs 1,000 notes as non-legal and introduced new Rs 500 and Rs 2,000 notes.

Nov 8, 2018

Congress calls for nationwide protest on demonetisation anniversary

Manish Tewari said PM Modi should apologise to the people of India on November 8 (on the second anniversary) for his "Tughlaqian decree" of demonetising Rs 1,000 and Rs 500 notes last year.

Nov 6, 2018

PM Modi's development, job promises give way to temples and statues: Congress

Former Union minister P Chidambaram's latest jibe at the Bharatiya Janata Party comes at a time when the saffron brigade has been raising the pitch for the construction of a grand Ram temple in Ayodhya.

Nov 6, 2018