Tag: Demonetisation

Demonetisation - A Political Success

Demonetisation – A Political Success

Everyone has been going round and round in circles, quoting one economist or the other to either prove demonetisation was a success or a monumental failure. Many of us do not realize that we do not need any economist to prove whether demonetisation was a goalpost changing disaster or a[Read More…]

Demonetisation hit GDP by 2% points says a brief by leading economist Gita Gopinath

Demonetisation hit GDP by 2% points, says a research paper by leading economist Gita Gopinath

In a research paper co-authored by her, leading economist Gita Gopinath says that the Indian government’s decision of demonetisation affected the country’s economic growth by at least 2% points in the Q4(October-December) of 2016. The paper titled, Cash And The Economy: Evidence From India’s Demonetisation later talks about the severe implications[Read More…]

Demonetisation anniversary: Congress tears into Modi

New Delhi: Ridiculing Prime Minister Narendra Modi’s “knowledge of economics”, the Congress on Thursday ripped into him for the “reckless” decision of demonetisation that it said wrecked the economy and consumed many lives. On the second anniversary of the Modi’s 2016 decision to ban Rs 1,000 and Rs 500 notes,[Read More…]

RBI new rules for defective notes refund

RBI new rules for defective notes refund

Reserve Bank of India has introduced new rules for the mutilated notes refund. On Friday RBI issued an advisory to all its branches for the exchange of mutilated/defective notes. As per the new amendments to the Reserve Bank of India (note refund) rules 2009, the public can exchange mutilated notes in Mahatma[Read More…]

Kapil Sibal invites Tiranga TV scribes to discuss salary issues

‘Kamdar’ Modi destroyed India’s economy: Kapil Sibal

Senior Congress leader Kapil Sibal on Sunday hit back at Prime Minister Narendra Modi, saying the “so-called kamdar” had destroyed India’s economy with no jobs and no solutions to rising unemployment. Sibal’s comment comes in continuation of the war of words between the Bharatiya Janata Party (BJP) and the Congress, as Modi on Saturday lashed[Read More…]

Opinion: Rahul Gandhi has to choose his words with care

Opinion: Rahul Gandhi has to choose his words with care

By Amulya Ganguli Rahul Gandhi has had another of his escape-velocity-of-Jupiter moments. His reference to the massive gravitational force of the solar system’s largest planet was in the context of “explaining” how much velocity was required by a spacecraft to lift itself from the surface of Jupiter compared to what was[Read More…]

Who is RBI director Swaminathan Gurumurthy?

Who is new RBI director Swaminathan Gurumurthy?

Chartered Accountant and RSS idealogue Swaminathan Gurumurthy has been appointed as the new part-time, non-official directors on the central board of Reserve Bank of India. Gurumurthy, who is the co-convenor of RSS affiliate Swadeshi Jagaran Manch had gained recognition from his views on Swadeshi economics. Apart from CA, he is[Read More…]

Myanmar condemns false news of demonetisation

Myanmar condemns false news of demonetisation

Myanmar’s Presidential Office has denied that it has issued an executive order to demonetise banknotes, saying that legal action will be taken against perpetrators of the fake news, media reported on Wednesday. Director-General and Spokesman of the President’s Office U Zaw Htay refuted the false executive order proliferating on Facebook,[Read More…]

New Rs 100 note brings worry to ATM operators

New Rs 100 note brings worry to ATM operators

Earlier this week, Reserve Bank of India (RBI) announced launching a new series of 100-rupee notes. However, the move has brought along a fresh headache for the major companies engaged in the manufacture and supply of Automatic Teller Machines (ATMs) in the country. Like the new post-demonetisation Rs 2,000, Rs[Read More…]

Bihar Lok Sabha Elections 2019 dates: Constituency wise schedule of voting for General Elections

Nitish Kumar stand on 3C’s is a big farce

In national executive meet on Sunday, 8th July 2018 at national capital, New Delhi, the Janata Dal (United) sent a stern message to the Bharatiya Janata Party from its national executive meet, making it clear that it would not compromise on the 3Cs of communalism, crime and corruption even if[Read More…]

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