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Tag "demonetisation"

Demonetisation, Aadhaar spurred digital payments growth : RBI

Demonetisation, Aadhaar spurred digital payments growth : RBI

🕔14:41, 9.Jun 2019

New Delhi, June 8 (IANS) After the demonetisation of Rs 500 and Rs 1000 notes in 2016 pushed digital payments, Aadhaar-enabled electronic know your customer (eKYC) resulted in an exponential growth of such payments in the country, according to a new

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Confiscation of cash was not the aim: Jaitley on note ban

Confiscation of cash was not the aim: Jaitley on note ban

🕔14:38, 8.Nov 2018

New Delhi, Nov 8  As the country completed two years of demonetisation, Finance Minister Arun Jaitley on Thursday said the objective was not to get the cash deposited in banks but to move towards a more formal economy that he

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Over 99% of demonetised notes back with RBI

Over 99% of demonetised notes back with RBI

🕔19:11, 29.Aug 2018

Mumbai, Aug 29 (IANS) Over 99 per cent of the Rs 15.3 lakh crore taken out of circulation through demonetisation in November 2016 has returned to the Reserve Bank of India (RBI), the central bank announced on Wednesday. The RBI’s annual

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Demonetisation, GST will bring long-term benefits: IMF

Demonetisation, GST will bring long-term benefits: IMF

🕔12:00, 23.Dec 2017

New Delhi, Dec 23  The disruptive impact of demonetisation announced last year is a temporary phenomenon and the scrapping of the high-value currency would bring “permanent and substantial benefits”, according to the International Monetary Fund (IMF). In an interview to

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Early to conclude economic recovery from note ban, GST impact: Manmohan Singh

Early to conclude economic recovery from note ban, GST impact: Manmohan Singh

🕔19:44, 2.Dec 2017

Surat, Dec 2 (IANS) Former Prime Minister Manmohan Singh on Saturday said it was too early to conclude that the economic slowdown has reversed as the 6.3 per cent growth rate in the July-September quarter did not take into account the

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Demonetisation, GST broke textile hub Surat’s legs, says Rahul Gandhi

Demonetisation, GST broke textile hub Surat’s legs, says Rahul Gandhi

🕔21:15, 8.Nov 2017

Gandhinagar, Nov 8 (IANS) Hitting out at the Narendra Modi government, Congress Vice President Rahul Gandhi on Wednesday said demonetization and the GST rollout have “broken the legs” of Surat, as he observed a “black day” in the textile and diamond

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Demonetisation: Most reactionary and illogical policy ever (Book Extract)

Demonetisation: Most reactionary and illogical policy ever (Book Extract)

🕔18:36, 7.Nov 2017

(‘Note-Bandi: Demonetisation and India’s Elusive Chase for Black Money’ is an upcoming book from Oxford University Press dedicated to the “memory of Indian citizens who lost their lives due to demonetisation”). Excerpts from the preface by R. Ramakumar. ‘Demonetisation’– the

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Demonetisation : Benefits not visible to some, but next gen would take pride in it : Jaitley

Demonetisation : Benefits not visible to some, but next gen would take pride in it : Jaitley

🕔18:27, 7.Nov 2017

New Delhi, Nov 7 (IANS) Referring to November 8, 2016 as a watershed moment in the history of the Indian economy, Finance Minister Arun Jaitley said on Tuesday one of the important objectives of demonetisation, which was to make the country

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Demonetisation not one-stop solution to end corruption : Jaitley

Demonetisation not one-stop solution to end corruption : Jaitley

🕔18:25, 7.Nov 2017

New Delhi, Nov 7 (IANS) Defending the governments decision to demonetise high value currency last year, Finance Minister Arun Jaitley on Tuesday said that demonetisation cannot be a one-stop solution to cleanse all corruption, but it did give a “new direction”

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Twin blow of demonetisation, GST, a complete disaster for economy: Manmohan Singh

Twin blow of demonetisation, GST, a complete disaster for economy: Manmohan Singh

🕔18:24, 7.Nov 2017

Ahmedabad, Nov 7 (IANS) Former Prime Minister Manmohan Singh on Tuesday said the “twin blow” of demonetisation and the “badly-designed” and “hastily-implemented” Goods and Services Tax (GST) was a “complete disaster” for India’s economy and asked Prime Minister Narendra Modi not

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Demonetisation: Modi government shoots itself in the foot (Note Ban Series)

Demonetisation: Modi government shoots itself in the foot (Note Ban Series)

🕔12:59, 22.Oct 2017

(Editors: This is part of a series to mark a year of the demonetisation announced on November 8, 2016). By Amulya Ganguli Much of the efforts of the Bharatiya Janata Party (BJP) leaders to explain away the current economic slowdown

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Demonetisation, GST played ‘big role’ in decline of economy : Yashwant Sinha

Demonetisation, GST played ‘big role’ in decline of economy : Yashwant Sinha

🕔15:23, 28.Sep 2017

New Delhi, Sep 28 (IANS) Stepping up his attack on the government’s management of the economy, senior BJP leader Yashwant Sinha on Thursday said the Finance Ministry failed to address the problem of non-performing assets (NPAs) and the opposition Congress cannot

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Note ban, GST a double whammy on GDP : Manmohan Singh

Note ban, GST a double whammy on GDP : Manmohan Singh

🕔19:13, 18.Sep 2017

New Delhi, Sep 18 (IANS) Both demonetisation and GST have affected India’s gross domestic product (GDP) growth adversely, former Prime Minister Manmohan Singh said on Monday. “Both demonetisation and GST have had some impact on GDP,” Manmohan Singh, who has earlier

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Demonetisation was a catastrophe: Marc Faber

Demonetisation was a catastrophe: Marc Faber

🕔11:30, 9.Sep 2017

New Delhi, Sep 9 Demonetisation was a catastrophe which couldn’t achieve the objectives it aimed for, Marc Faber, editor and publisher of economic and financial publication ‘The Gloom, Boom and Doom Report’, said on Friday. “We all know demonetisation has

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Demonetisation to have high short-term economic costs, Rajan cautioned government

Demonetisation to have high short-term economic costs, Rajan cautioned government

🕔09:45, 6.Sep 2017

New Delhi, Sep 6 The demonetisation tool used by the Indian government to drive out black money could have long-term benefits but its short-term economic costs would outweigh them, ex-Reserve Bank of India governor Raghuram Rajan feels. “I was asked

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Indian economy’s growth slows down in Q1 2017-18 at 5.7%

Indian economy’s growth slows down in Q1 2017-18 at 5.7%

🕔21:49, 31.Aug 2017

New Delhi, Aug 31 (IANS) A major decline in manufacturing and the lingering effects of demonetisation sharply pulled down India’s economic growth rate in the first quarter of the current fiscal ended June to 5.7 per cent, as compared to 7.9

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‘Demonetisation benefits visible in IT enforcements, tax filings’

‘Demonetisation benefits visible in IT enforcements, tax filings’

🕔21:21, 31.Aug 2017

New Delhi, Aug 31 (IANS) A day after the RBI’s report revealed that 99 per cent of demonetised currency had come back into the banking system, the Finance Ministry on Thursday claimed that the note ban’s benefits were clearly visible in

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Opposition attacks government on demonetisation, Congress calls it ‘biggest scam’

Opposition attacks government on demonetisation, Congress calls it ‘biggest scam’

🕔21:19, 31.Aug 2017

New Delhi, Aug 31 (IANS) The Opposition on Thursday stepped up its attack on the government over the RBI’s annual report that revealed low efficacy of demonetisation, with the Congress terming the move to junk high currency notes as the “biggest

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I-T identifies 5.56 lakh more people for high cash deposits during note ban

I-T identifies 5.56 lakh more people for high cash deposits during note ban

🕔21:38, 14.Jul 2017

New Delhi, July 14 (IANS) The Income Tax Department on Friday came out with the second list of 5.56 lakh account holders who will be asked to explain the high cash deposits, found inconsistent with their tax profiles, made during the

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Demonetisation picture to be clearer towards 2017-18 end: Chief Statistician (IANS Interview)

Demonetisation picture to be clearer towards 2017-18 end: Chief Statistician (IANS Interview)

🕔12:22, 14.Jun 2017

New Delhi, June 14 (IANS) While the jury is still out on whether last year’s demonetisation has harmed the Indian economy, the government’s Chief Statistician maintains that the picture will become clear in the current fiscal only after data from the

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