How demonetisation affected Naga people—I

How demonetisation affected Naga people—I

A file photo of customers queuing up in front of a bank in Tizit, Mon district, to exchange demonetized notes on November 2016.   People went from disbelief, panic, drudgery to helping each other   Morung Express News Dimapur | November 7   SS is the youngest sibling in the family. Their father, a cultivator, […]

Demonetisation to purge system of prevalent ills: Jaitley

Lucknow, February 14 (IANS) Union Finance Minister Arun Jaitley on Tuesday defended the November 8 demonetisation, saying the Centre took the decision with a larger objective of cleansing the system of excessive cash.   The scrapping of the high-value currency notes was taken with the larger objective of ridding the system of excessive cash, which […]

Demonetisation put RBI’s reputation at risk: Chidambaram

Kolkata, January 28 (IANS) Echoing former Reserve Bank of India (RBI) Governor Y.V. Reddy, former Union Finance Minister P. Chidambaram said on Saturday that demonetisation has put the central bank’s reputation at great risk.   Asked whether the apex bank’s autonomy was over or not, he said, “On this issue, the answer is yes.”   […]

Demonetisation drive to favour country’s big gold jewellery store chains – WGC

Demonetisation drive to favour country’s big gold jewellery store chains – WGC

MUMBAI, January 24 (Reuters) – India’s drive to bring transparency to bullion trading, along with the rise of branded gold jewellery, could help major retailers raise their share of the world’s second-biggest gold market to 40 percent by 2020, the World Gold Council (WGC) said.   Somasundaram PR, managing director of the WGC’s Indian operations, […]

Trinamool blames Modi for ‘demonetisation deaths’, to meet President

New Delhi/Kolkata, January 10 (IANS) The Mamata Banerjee-led Trinamool Congress, which has been agitating seeking the ouster of Prime Minister Narendra Modi, on Tuesday held him responsible for over 120 deaths due to the note ban. The party said it will approach President Pranab Mukherjee to seekhis intervention.   At the conclusion of Trinamool’s three […]

Trinamool blames Modi for ‘demonetisation deaths’, to meet President

New Delhi/Kolkata, January 10 (IANS) The Mamata Banerjee-led Trinamool Congress, which has been agitating seeking the ouster of Prime Minister Narendra Modi, on Tuesday held him responsible for over 120 deaths due to the note ban. The party said it will approach President Pranab Mukherjee to seekhis intervention.   At the conclusion of Trinamool’s three […]

Indian economy suffering after note ban: New York Times

Indian economy suffering after note ban: New York Times

New York, January 10 (IANS) The Indian economy is suffering following demonetisation and a shortage of cash made life increasingly difficult for Indians, the New York Times has said.   Saying the scrapping of Rs 500 and Rs 1,000 notes “was atrociously planned and executed”, the daily said in an editorial on Monday that there […]

Demonetisation will be an important issue in assembly polls: Manmohan

New Delhi, January 9 (IANS) Former Prime Minister Manmohan Singh on Monday held that demonetisation has had a “very significant reverse effect on the country’s GDP” and will be an important issue in all states going to polls.   Releasing the Congress manifesto for the Punjab assembly polls here, he said the Narendra Modi government’s […]

Demonetisation a ‘historic’ decision towards poor’s welfare, says Jaitley

New Delhi, January 7 (IANS) Finance Minister Arun Jaitley on Saturday termed the November 8 demonetisation as a “historic” and “bold” move towards welfare of the poor, while serving as crippling blow to terror, fake currency note racket, and insurgency.   Jaitley, who presented the party’s economic resolution in the BJP national executive meet, also […]

Demonetisation hits December services growth

Mumbai, January 4 (IANS) The government’s demonetisation move provoked a downturn in the Indian service sector growth in December, with business activity contracting for the second consecutive month, revealed key macro-economic data on Wednesday.   Indian service providers continued to be impacted by the November 8 move with the Nikkei Services Purchasing Managers’ Index (PMI) […]

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