Demonetisation

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

Prime Minister Narendra Modi awarded Seoul Peace Prize 2018

For his contribution to international cooperation and fostering global economic growth PM Narendra Modi has been conferred with the Seoul Peace Prize for 2018.

Oct 24, 2018

As taxpayers increase by 70%, collections don't keep pace, down by 34%

Experts say many people who made disclosures under GST could have reluctantly filed their returns for the first time and could be hiding their real incomes.

Oct 22, 2018

Rupee fall, high non-performing assets still cause for concern: Former RBI governor Bimal Jalan

Talking about economic measures, he said the Narendra Modi-led government has launched several reforms, including the GST, Insolvency and Bankruptcy Code and direct benefit transfer scheme, which are good for the economy.

Oct 21, 2018

Rahul Gandhi on 'Modi's India': Let's write off Rs 3.16 lakh crore using common man's money

The Congress president also hit out at the BJP-led NDA government over a media report which, citing Reserve Bank of India (RBI) data, stated that public sector banks had written-off over seven times the recovery amount in the last four years.

Oct 1, 2018

India's economy continues on robust growth path amid falling rupee, soaring fuel prices: ADB

Growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices and a consolidation of India's growth rebound, it said.

Sep 26, 2018

Need to trust banking system to drive India's economy, says finance minister Arun Jaitley

He noted that the perception regarding the health of PSBs had become more positive as banks had posted positive results in terms of resolution, recovery, provisioning and credit growth.

Sep 25, 2018

Indian rupee has lost 11% value against US dollar in last one year, says IMF spokesperson

Gerry Rice said the IMF continues to assess the impact of demonetization on an ongoing basis. As with most things, there have been pluses and there have been minuses of demonetization, he said.

Sep 18, 2018

Digital currency is more cost effective than physical currency: Andhra CM

He also shared the update of capital city Amaravati's development and also blamed the central government for not giving funds and creating hurdles.

Sep 6, 2018

Rupee hits all-time low of 72.12, drops 37 paise against US dollar

Investors remained concerned over sustained foreign capital outflows and widening current account deficit in the wake of soaring crude oil prices.

Sep 6, 2018