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'Among worst policy blunders': Jairam Ramesh on 5th year of demonetisation

  • The veteran Congress leader also claimed that demonetisation, along with a “rushed” goods and services tax, "destroyed the backbone of the Indian economy".
Senior Congress leader Jairam Ramesh.(ANI file photo)
Senior Congress leader Jairam Ramesh.(ANI file photo)
Published on Nov 08, 2021 03:44 PM IST
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Written by Shubhangi Gupta | Edited by Avik Roy, Hindustan Times, New Delhi

5 years of demonetisation: Understanding the political impact of note ban

One of the reasons why demonetisation worked out politically for the BJP was the faith in Prime Minister Narendra Modi’s personal integrity.
Standing in queues in front of crowded public bank branches in smaller bazaars and sitting in village tea shops, young men and old women, labourers and workers, across castes, had no money to spend and confronted an acute crisis in meeting daily needs. (HT file photo)
Standing in queues in front of crowded public bank branches in smaller bazaars and sitting in village tea shops, young men and old women, labourers and workers, across castes, had no money to spend and confronted an acute crisis in meeting daily needs. (HT file photo)
Updated on Nov 08, 2021 05:32 AM IST
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By, Hindustan Times, New Delhi

Five years since demonetisation: What has changed?

While demonetisation was subsequently described as a policy boost to promoting digital payments, the original policy had very different stated targets.
Queues and rush outside banks owing to demonetisation in New Delhi on December 14, 2016. (HT file photo)
Queues and rush outside banks owing to demonetisation in New Delhi on December 14, 2016. (HT file photo)
Updated on Nov 08, 2021 05:29 AM IST
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By, Hindustan Times, New Delhi

Paytm shares, in demand after IPO news, go past 21,000 in grey market: Report

Paytm - which faces competition from other digital payment companies like Google Pay and Walmart-owned PhonePe - had raised USD 1 billion (over 7,000 crore) in November 2019.
The Noida-based firm witnessed an astonishing rise after demonetisation in 2016(Sunil Ghosh/HT File Photo)
The Noida-based firm witnessed an astonishing rise after demonetisation in 2016(Sunil Ghosh/HT File Photo)
Published on Jun 01, 2021 04:45 PM IST
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By | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Unemployment high due to 'ill considered demonetisation': Manmohan Singh

"Unemployment is high and the informal sector is in shambles, a crisis precipitated by the ill considered demonetisation decision taken in 2016", Dr Singh said.
"Federalism and regular consultation with states, which was the cornerstone of Indias economic and political philosophy as enshrined in the Constitution, no longer finds favour with the present Central government," Manmohan Singh said.(HT File Photo)
Published on Mar 02, 2021 02:29 PM IST
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PTI | , Thiruvananthapuram
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