New Delhi: Hitting out at Prime Minister Narendra Modi who slammed opposition attempts at unity as based on hatred against him, Congress on Tuesday said he has a mindset of conflict and that in the larger interest of the nation, it was necessary to remove the BJP government. Accusing Modi[Read More…]
Tag: Demonetisation
Tejashwi mocks Nitish for questioning demonetisation benefits
Patna: RJD leader Tejashwi Yadav on Sunday mocked Bihar Chief Minister Nitish Kumar, saying the latter had supported demonetisation but was now questioning it, and soon he will describe demonetisation as the biggest scam of India. A day after Nitish Kumar questioned the benefits of the much-hyped demonetisation move to[Read More…]
Cash crunch: Rahul slams Modi for destroying banking system
Amethi: With ATMs suddenly running dry in several states, Congress President Rahul Gandhi on Tuesday slammed Prime Minister Narendra Modi for what he described as destroying India’s banking system by ushering in “acchhe din” for fugitive jewellers Nirav Modi and Mehul Choksi. Gandhi also criticised Modi for his silence on[Read More…]
Could not understand logic behind demonetisation: Narayana Murthy
Kolkata: Describing himself as “not an expert on economics”, Infosys co-founder and India’s IT industry doyen N R Narayana Murthy on Wednesday said he could not understand the logic behind the Narendra Modi government’s note ban move in November 2016, particularly when it remonetised the monetary system with same or even[Read More…]
Demonetisation was a greatest lie: Chidambaram
New Delhi: Congress leader and former Finance Minister P. Chidambaram on Sunday described demonetisation as the “greatest lie” and said it ended up destroying jobs. The Congress leader also accused the Centre of pushing people into poverty by implementing a flawed Goods and Services Tax (GST). “There cannot be a greater[Read More…]
Rs 60,000 cr affordable housing project in pipeline: Minister Hardeep Puri
New Delhi: Admitting that India’s urban infrastructure was under “extreme strain”, Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri has said the government was committed to bringing holistic transformation in the country’s infrastructure development, including providing 12 million houses in urban areas by 2022. Sanctioning at a[Read More…]
‘Note Pe Chot…’ neither in favour nor against demonetisation: Ajay
Mumbai: Actor Ajay Kkuundal says his forthcoming movie titled “Note Pe Chot 8/11”, which is based on demonetisation, is about how it affected the nation and does not favour or criticise Prime Minister Narendra Modi’s decision to withdraw high-denomination notes from circulation. “It was a decision taken by the government[Read More…]
Bombay HC to hear PIL on missing notes between printing press and RBI
Mumbai: A public interest litigation — probably holding the key to the historic demonetisation of November 8, 2016 — filed by RTI activist Manoranjan Roy will finally come up for hearing at Bombay High Court here on February 12. The PIL was filed in 2015, on the basis of RTI replies[Read More…]
Creating 75 lakh jobs impossible, simultaneous polls a jumla: Chidambaram
New Delhi: Picking holes with the latest Economic Survey tabled in Parliament, former Finance Minister P. Chidambaram said on Tuesday said that the Narendra Modi government’s claim to be able to create 75 lakh jobs by March is “outrageous” as it is “simply not possible” in India’s context. The Congress leader[Read More…]
‘Indian economy to grow by 7.3% in 2018-19, regain top spot’
The World Bank is estimating India’s economy to grow by 6.7 per cent during the current fiscal year, higher than the 6.5 per cent estimate by the Indian government. The Gross Domestic Product (GDP) growth is expected to rise to 7.3 per cent in 2018-19, making India again the world’s[Read More…]
Butterfinger Policy Making: striking parallels between demonetisation and surgical strike
Without any further ado, let us all acknowledge that India is going through a socio-political transition that has caught the nation off guard. Narendra Modi is a far from reticent PM; he continues to be a full-time BJP karyakartha, who actively participates in electoral enterprise and crafts his governance in[Read More…]
Demonetisation was a money laundering scheme: Rahul Gandhi
Congress Vice President Rahul Gandhi on Thursday termed demonetisation a money laundering scheme, and raked up the issue of BJP President Amit Shah’s son Jay Shah’s company recording massive turnover after the NDA government came to power. “Demonetisation was implemented suddenly, maybe he did not like the Rs 500 and[Read More…]
Why is ‘chowkidar’ of country silent on Jay Shah, Rahul attacks PM in Gujarat
Holding a massive unplanned road show in the Patidar-dominated and BJP bastion of Mehsana, Congress Vice President Rahul Gandhi on Monday evening targetted Prime Minister Narendra Modi, asking why is the ‘chowkidar’ or gatekeeper of the country silent on “immense and unbelievable profit” in Jay Shah’s company. During the last[Read More…]
Chidambaram attacks government on demonetisation
Former Finance Minister P. Chidambaram on Wednesday attacked the Modi government over demonetisation and questioned how it was being called an “ethical step” when jobs were destroyed and several businesses had closed down. In a series of tweets, the former Finance Minister attacked the government decision of banning Rs 500[Read More…]
Are those observing black day in favour of black money, asks Sitharaman
Union Defence Minister Nirmala Sitharaman on Wednesday wondered if the opposition parties are in favour of black money as they are observing the first anniversary of demonetisation as a black day. On this day last year, Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs 1,000 notes, which[Read More…]
Note ban was to change the way India spends: Jaitley
Mounting a powerful defence of the demonetisation measure designed to curb black money, Finance Minister Arun Jaitley on Tuesday said that as a disruptor of the status quo ante the note ban, along with other measures taken, has set in motion a process of changing the manner in which India[Read More…]
Demonetisation, GST blow a complete disaster for Indian economy: Manmohan Singh
Demonetisation & GST blow is a complete disaster for our economy and has broken the back of our small businesses, said former prime minister Manmohan Singh on Tuesday. “This twin (Demonetisation & GST) blow is a complete disaster for our economy, it has broken the back of our small businesses,”[Read More…]
No action against those who couldn’t deposit demonetised notes: Centre tells SC
On Friday, the government told the Supreme Court that no criminal action will be taken against people who could not deposit banned Rs 1000 and Rs 500 banknotes during demonetisation. However, the apex court allowed 14 petitioners to put their argument before a Constitution Bench. One of the petitioners named[Read More…]
World Bank rankings on ‘Ease of Doing Business’ not based on ground reality: Congress
The Congress on Wednesday said that World Bank’s “Ease of Doing Business” global rankings is “not based on ground reality” as it has not taken into account the impact of GST and demonetisation, and the survey is confined only to Mumbai and New Delhi. “We, as a party, are not[Read More…]
GST unleashes ‘tsunami of tax terrorism’ and ‘Jaitley say things are fine’: Rahul Gandhi
Congress vice-president, Rahul Gandhi once again slammed the government and described demonetisation and GST as Prime Minister Narendra Modi’s “double tap” fired to destroy the economy. He also hit out at finance minister, Arun Jaitley for his fiasco to offer a cure to tackle the misery that has led to[Read More…]
Demonetisation, GST may ruin wedding season business: ASSOCHAM
Demonetisation along with recently introduced Goods and Service Tax (GST) may impact the business of upcoming wedding season, which is starting from November, by 10-15 per cent, said industry chamber, ASSOCHAM on Monday. Wedding services like marriage hall booking, tent booking, confectionery services and photography are expected to get impacted.[Read More…]
AR Rahman releases song on demonetisation called ‘The Flying Lotus’
The first anniversary of demonetisation, one of the biggest economic exercises in India, is slowly approaching and music composer, AR Rahman, has a song to mark the occasion. He has released a 19-minute track, called The Flying Lotus, which is about demonetisation and its impact on society. He denies any[Read More…]
Demonetisation was suicide; govt have nothing to say now: Arun Shourie
Former union minister, Arun Shourie has likened demonetisation with suicide and slammed Narendra Modi government over sliding economic growth and increasing job losses. He also called the Modi government as “government of two-and-a-half persons”. “This is a government by ‘ilhaam’ (revelation). The Prime Minister has the ‘ilhaam’ one night that[Read More…]
‘I need to speak up now’: Yashwant Sinha on Indian economy
Senior Bharatiya Janata Party (BJP) leader and former finance minister, Yashwant Sinha, has spoken out against the way his party has weakened the economy of India. According to him, many leaders in the party know that the economy is in a downward spiral, but refuse to speak up because of[Read More…]
Under PMGKY, 21,000 people disclose black money worth Rs 4,900 cr: Official
Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said on Thursday. A top government official told PTI that the government has collected a tax of Rs[Read More…]