The goods and services tax, the bankruptcy code, PM-Kisan — key economic initiatives India has seen over the past 10 years. The last decade has also been marked by big social interventions, beginning with the financial inclusion drive launched soon after the NDA came to power in 2014. The results of these measures will serve … Read more
How can Telugu Desam Party (TDP) national president N. Chandrababu Naidu claim that he is responsible for the Reserve Bank of India (RBI) withdrawing the ₹2,000 denomination banknotes from circulation, wonders Minister of IT Gudivada Amarnath. Mr. Naidu’s tweet on May 20 (Saturday) that he had influenced Prime Minister Narendra Modi to do so showed … Read more
New Delhi: Withdrawal of Rs 2,000 currency notes is a ‘non-event’ and will have zero impact on the economy and monetary policy, former finance secretary Subhash Chandra Garg said on Saturday. The higher denomination currency note of Rs 2,000, he said, was pressed into service at the time of demonetisation in 2016 for ‘accidental reasons’ … Read more
Four judges on a Constitution Bench of the Supreme Court on January 2 found no flaw in the process adopted by the government to demonetise ₹500 and ₹ 1000 currency notes through a gazette notification on November 8, 2016. The sole woman judge, Justice B.V. Nagarathna, on the Bench however disagreed with the majority, saying … Read more
Congress president Mallikarjun Kharge attacked Prime Minister Narendra Modi on Monday over his government’s 2016 demonetisation move, saying the PM is yet to acknowledge this “epic failure” that led to the “fall of the economy”. Kharge’s remarks, a day before demonetisation’s sixth anniversary, came over a media report which said that the currency with the … Read more
Opposition parties on Monday hit out at the ruling BJP on the fifth anniversary of demonetisation, saying the decision led to loss of life and destroyed businesses. “Demonetisation did not bring back black money but the government gave benefits to some capitalists, thereby, harming farmers, labourers, small traders and working class people,” BSP national general … Read more
On the fifth anniversary of demonetisation, Congress leader Priyanka Gandhi Vadra on Monday termed it a “disaster” and asked if the step has been successful, why hasn’t corruption ended and black money returned to the country. On November 8, 2016, Prime Minister Narendra Modi announced on national television his government’s decision to ban all currency … Read more
New Delhi: The Congress‘s failure to recognise the end of its charismatic leadership was among the many reasons for its 2014 Lok Sabha polls defeat, according to former president Pranab Mukherjee who felt lack of extraordinary leaders reduced the establishment to a “government of averages”. Mukherjee made these comments in his memoir “The Presidential Years, … Read more
New Delhi: Congress leader Rahul Gandhi on Sunday slammed the government over demonetisation, alleging that Prime Minister Narendra Modi‘s move four years ago was aimed at helping a few of his “crony capitalist friends” and had “destroyed” the Indian economy. Gandhi and the Congress have been alleging that the 2016 demonetisation was not in the … Read more
NEW DELHI: Congress leader Rahul Gandhi on Monday accused the Modi government of destroying the informal sector of the economy and trying to enslave it. He charged that the government wants to break this sector and called upon the entire country to unite and fight against this. He cited demonetisation, “wrong” GST and the lockdown … Read more