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"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)

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

PTI | , Thiruvananthapuram
PUBLISHED ON MAR 02, 2021 02:29 PM IST
"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.
Image for representation.(Getty Images/iStockphoto)
Image for representation.(Getty Images/iStockphoto)

‘Rajasthan man buys, worships banned notes to improve luck on tantric’s advice’: Police

Hindustan Times, Jaipur | By Jaykishan Sharma | Edited by Sparshita Saxena
UPDATED ON NOV 26, 2020 09:53 PM IST
Hanuman Singh, 35, was arrested with demonetised notes of Rs 5.20 lakh under section 151 of Code of Criminal Procedure (CrPC).
Banned currency notes of Rs 500.(PTI)
Banned currency notes of Rs 500.(PTI)

Shiv Sena slams BJP for celebrating four years of demonetisation

Hindustan Times, Mumbai | By Swapnil Rawal
PUBLISHED ON NOV 10, 2020 06:02 PM IST
Prime Minister Narendra Modi on Sunday defended the move, saying it reduced black money and increased transparency even as opposition parties called demonetisation a national tragedy
Rathore said more than 100 people lost their lives, the country faced huge difficulties, industries were affected and lakhs lost their jobs because of demonetisation.(HT File Photo)
Rathore said more than 100 people lost their lives, the country faced huge difficulties, industries were affected and lakhs lost their jobs because of demonetisation.(HT File Photo)

Demonetisation destroyed our economy: Himachal Congress chief

Hindustan Times/Shimla | By HT Correspondent, Shimla
UPDATED ON NOV 08, 2020 11:55 PM IST
Rathore said the Reserve Bank of India had revealed that 3,421 crore were spent for printing new currency notes in 2015-16 while around 7,965 crore were spent in 2016-17
PM Modi said that the move helped reduce black money, increase tax compliance and formalisation and gave a boost to transparency and that the outcomes have been beneficial for the country’s progress(PTI)
PM Modi said that the move helped reduce black money, increase tax compliance and formalisation and gave a boost to transparency and that the outcomes have been beneficial for the country’s progress(PTI)

News updates from Hindustan Times: PM Modi hails demonetisation on anniversary, Congress observes betrayal day and all the latest news

Hindustan Times | By hindustantimes.com
UPDATED ON NOV 08, 2020 09:05 PM IST
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Rajasthan CM Ashok Gehlot launched a scathing attack on the Centre over demonetisation and GST.(HT Photo)
Rajasthan CM Ashok Gehlot launched a scathing attack on the Centre over demonetisation and GST.(HT Photo)

Bring out white paper on demonetisation, GST, Gehlot tells PM

Hindustan Times, Jaipur | By HT Correspondent | Edited by Abhinav Sahay
UPDATED ON NOV 08, 2020 08:54 PM IST
Ashok Gehlot also accused the Centre of betraying the states over the shortfall in GST revenue share for the states.
Prime Minister Narendra Modi hailed his government’s demonetisation move four years ago, claiming that it gave a boost to transparency.(PTI)
Prime Minister Narendra Modi hailed his government’s demonetisation move four years ago, claiming that it gave a boost to transparency.(PTI)

DeMo anniversary: PM Modi hails move, Congress observes betrayal day

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Mallika Soni
UPDATED ON NOV 08, 2020 06:19 PM IST
On November 8, 2016, Prime Minister Modi announced the decision to ban all currency notes of higher denomination of Rs 500 and Rs 1,000 from midnight. The move came in for criticism from several quarters, and the opposition claimed it had harmed the economy.
From 2014, the Modi government embarked on transforming the economy and demonetisation was part of it to ensure government resources reach the poor and the downtrodden without corruption and leakage, BJP national spokesperson Rajeev Chandrasekhar said(PTI)
From 2014, the Modi government embarked on transforming the economy and demonetisation was part of it to ensure government resources reach the poor and the downtrodden without corruption and leakage, BJP national spokesperson Rajeev Chandrasekhar said(PTI)

Demonetisation cleaned up the economy, dealt body blow to black money: BJP

New Delhi | By Press Trust of India | Posted by Nilavro Ghosh
UPDATED ON NOV 08, 2020 05:19 PM IST
On November 8, 2016, Prime Minister Narendra Modi had announced the decision to ban all currency notes of higher denomination of Rs 500 and Rs 1,000 from midnight.
The conman, identified as Ajay Sharma, was arrested from his home at Sahibabad in Uttar Pradesh’s Ghaziabad on Sunday, a day after the food grain merchant from north Delhi’s Lahori Gate Naya Bazar filed a cheating complaint at the local police station, said deputy commissioner of police (north) Anto Alphonse. (HT Photo)
The conman, identified as Ajay Sharma, was arrested from his home at Sahibabad in Uttar Pradesh’s Ghaziabad on Sunday, a day after the food grain merchant from north Delhi’s Lahori Gate Naya Bazar filed a cheating complaint at the local police station, said deputy commissioner of police (north) Anto Alphonse. (HT Photo)

Using demonetisation ruse, man, 55, cheats Delhi trader of Rs 2 lakh

Hindustan Times, New Delhi | By Karn Pratap Singh
UPDATED ON SEP 15, 2020 11:25 AM IST
The alleged cheat offered to exchange Rs 2,000 notes with the Rs 1,000 notes by claiming that he has managed to procure bundles of the new Rs 1,000 notes, the police said on Tuesday.
Earlier, Rahul Gandhi had spoken on the India-China border conflict and the informal sector amid the coronavirus disease (Covid-19) outbreak.(PTI)
Earlier, Rahul Gandhi had spoken on the India-China border conflict and the informal sector amid the coronavirus disease (Covid-19) outbreak.(PTI)

Demonetisation an attack on India’s poor, farmers: Rahul Gandhi

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON SEP 03, 2020 11:41 AM IST
In his latest video series on the Indian economy, he claimed that the hidden agenda of demonetisation, which saw the scrapping of all Rs 500 and Rs 1,000 currency notes, was to “clear the ground”
Congress leader Rahul Gandhi slammed the government for the economic fallout.(Mohd Zakir/HT Photo)
Congress leader Rahul Gandhi slammed the government for the economic fallout.(Mohd Zakir/HT Photo)

‘Ruining’ of economy began with demonetisation, govt introduced erroneous policies: Rahul Gandhi

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON SEP 01, 2020 05:19 PM IST
Congress’ chief spokesperson Randeep Surjewala said in a tweet in Hindi, “Modi ji, at least now accept that what you hailed as masterstrokes were actually ‘disaster strokes’ -- demonetisation, faulty GST and lockdown.”
Rahul Gandhi has held a series of discussions on the Covid-19 situation in the country with public intellectuals and policy makers.(PTI File Photo)
Rahul Gandhi has held a series of discussions on the Covid-19 situation in the country with public intellectuals and policy makers.(PTI File Photo)

Gandhi lists 3 potential case studies at Harvard. It’s a dig at the Centre

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON JUL 06, 2020 10:46 AM IST
Gandhi and his Congress party have been attacking the government over the Covid-19 situation in the country, comparing its policies with those of the western countries.
Saiyami Kher stars in Netflix’s Choked, directed by Anurag Kashyap.
Saiyami Kher stars in Netflix’s Choked, directed by Anurag Kashyap.

Choked trailer: Anurag Kashyap cashes in on demonetisation in new Netflix film. Watch

Hindustan Times | By HT Entertainment Desk
UPDATED ON MAY 21, 2020 11:31 AM IST
Anurag Kashyap tackles demonetisation in his new Netflix film, Choked, starring Saiyami Kher and Roshan Matthew. Watch here.
A case has been filed against Gaya-based businessman, Motilal, for laundering illegal funds.(HT Archive)
A case has been filed against Gaya-based businessman, Motilal, for laundering illegal funds.(HT Archive)

ED files fresh charge sheet linked to 2016 demonetisation scheme in Patna

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
PUBLISHED ON MAY 02, 2020 06:42 PM IST
ED has also sought permission and moved a Patna court for confiscation of over Rs 8 crore worth assets, including a factory and an office premise.
Congress leader Rahul Gandhi. (ANI photo)
Congress leader Rahul Gandhi. (ANI photo)

‘More disastrous than...’: Rahul Gandhi sharpens attack on BJP over NRC, NPR

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 28, 2019 12:36 PM IST
The Congress party has stepped up its opposition to the Citizenship (Amendment) Act (CAA) and the proposed pan-India exercise to register the country’s citizens on the lines of Assam.
The Congress chief claimed that the Reserve Bank of India (RBI) had confirmed that 99.3% of all the devalued Rs 500 and Rs1000 currency notes have been re-deposited with zero windfall.(Photo: Twitter/ INCIndia)
The Congress chief claimed that the Reserve Bank of India (RBI) had confirmed that 99.3% of all the devalued Rs 500 and Rs1000 currency notes have been re-deposited with zero windfall.(Photo: Twitter/ INCIndia)

‘Tughlaki blunder’: Sonia Gandhi pans demonetisation on its 3rdanniversary

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON NOV 08, 2019 03:32 PM IST
Congress has termed the November 8, 2016 move by the Narendra-Modi-led NDA government invalidating Rs 500 and Rs 1,000 notes as ‘Tughlaki blunder of demonetisation’.
Congress leader Rahul Gandhi on the third anniversary of the announcement said that those behind the notes ban were yet to be ‘brought to justice’.(PTI File photo)
Congress leader Rahul Gandhi on the third anniversary of the announcement said that those behind the notes ban were yet to be ‘brought to justice’.(PTI File photo)

‘Demonetisation terror attack’: Congress leader Rahul Gandhi on 3 years of notes ban

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON NOV 08, 2019 12:01 PM IST
The Congress has been a strong critic of the notes ban maintaining that the move was aimed at benefiting a few industrialists and resulted in massive job losses in the informal sector. The party is currently on a 10-day nationwide agitation by over economic issues including demonetization.
The Youth Congress will protest outside the Reserve Bank of India in Delhi on the third anniversary of Demonetisation(AP Photo/File)
The Youth Congress will protest outside the Reserve Bank of India in Delhi on the third anniversary of Demonetisation(AP Photo/File)

Demonetisation ‘still a mystery’ even after 3 years, says Youth Congress

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON NOV 08, 2019 12:33 PM IST
Narendra Modi government had invalidated Rs 500 and Rs 1000 currency notes on November 8 in 2016 and said crackdown on black money was one of its main objectives. Its political opponents have maintained that the move was aimed to benefit a few industrialists and resulted in massive job losses in the informal sector.
Congress leader Priyanka Gandhi Vadra on Friday hit out at the Modi government for claiming that demonetisation was a “slayer of all evils”(Subhankar Chakraborty/HT PHOTO)
Congress leader Priyanka Gandhi Vadra on Friday hit out at the Modi government for claiming that demonetisation was a “slayer of all evils”(Subhankar Chakraborty/HT PHOTO)

Demonetisation proved to be disaster that all but destroyed economy: Priyanka

New Delhi | By Press Trust of India
UPDATED ON NOV 08, 2019 10:12 AM IST
On November 8, 2016, Prime Minister Narendra Modi announced to the nation that Rs 500 and Rs 1,000 currency notes would cease to be a legal tender.
Three years later, data released recently by NAS shows that Indian households were quick to accumulate significantly more cash after demonetisation.(AP Photo)
Three years later, data released recently by NAS shows that Indian households were quick to accumulate significantly more cash after demonetisation.(AP Photo)

Households were rebuilding cash stash even a year after demonetisation

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON NOV 06, 2019 09:08 AM IST
Between 2011-12 and 2015-16, the year before demonetisation, value of household savings in cash used to be between 9% and 12% of the total value of bank notes in circulation. This number was 26% in 2017-18.
The poorest 50 million Indian families still earn a meagre Rs 6,000 a month(REUTERS)
The poorest 50 million Indian families still earn a meagre Rs 6,000 a month(REUTERS)

India’s sick economy needs Nyay medication

By Praveen Chakravarty
PUBLISHED ON AUG 19, 2019 09:08 PM IST
The BJP government should not reject a good and timely idea purely on the basis of who came up with it
In a political environment where a Kashmiri Muslim’s sense of alienation has been heightened by rising Hindu majoritarianism, and the demonisation of the Muslim as the “other”, the move may only give radical Islamists another reason to feel aggrieved with the Indian State(PTI)
In a political environment where a Kashmiri Muslim’s sense of alienation has been heightened by rising Hindu majoritarianism, and the demonisation of the Muslim as the “other”, the move may only give radical Islamists another reason to feel aggrieved with the Indian State(PTI)

What demonetisation and 370 tell us about Modi-Shah, writes Rajdeep Sardesai

UPDATED ON AUG 16, 2019 07:18 AM IST
Both decisions were marked by secrecy, institutional subversion, and hurt those meant to benefit from it
The BJP’s performance in both urban and rural constituencies across the country prove that the 2016 invalidation of high-value banknotes and the 2017 introduction of GST did not have a negative impact on the party’s political prospects.(HT file photo)
The BJP’s performance in both urban and rural constituencies across the country prove that the 2016 invalidation of high-value banknotes and the 2017 introduction of GST did not have a negative impact on the party’s political prospects.(HT file photo)

Lok Sabha election results 2019: GST, demonetisation had no impact on the ground

Hindustan Times, New Delhi | By Kumar Uttam
UPDATED ON MAY 23, 2019 12:21 PM IST
Even though the Congress and other Opposition parties raised the two issues throughout the campaign, the results show that they failed to reap any political benefit out of it.
Rahul Gandhi also promised that he was willing to implement NYAY and other schemes promised by him, unlike BJP which had wasted the five years it got in cheating the people of the country.(ANI Photo)
Rahul Gandhi also promised that he was willing to implement NYAY and other schemes promised by him, unlike BJP which had wasted the five years it got in cheating the people of the country.(ANI Photo)

‘SPG told me…’: Rahul Gandhi takes a swipe at PM Modi on notes ban

Solan (Himachal Pradesh) | By Asian News International
UPDATED ON MAY 17, 2019 04:09 PM IST
Rahul Gandhi took a jibe at the PM for his statement regarding the Balakot airstrikes and added that Narendra Modi was living in his own dream world.
P Chidambaram said that after the conclusion of three phases of elections, which has covered 303 Lok Sabha seats, the Congress and its allies have a significant lead over the BJP-led National Democratic Alliance (NDA).(HT)
P Chidambaram said that after the conclusion of three phases of elections, which has covered 303 Lok Sabha seats, the Congress and its allies have a significant lead over the BJP-led National Democratic Alliance (NDA).(HT)

Lok Sabha elections 2019| Will probe demonetisation when we win: P Chidambaram

Mumbai | By HT Correspondent
UPDATED ON APR 28, 2019 07:12 AM IST
The former union minister was in Mumbai a day after PM Modi in an election rally in the city said he will put corrupt leaders in jail after getting re-elected in the general elections.
Congress president Rahul Gandhi at an election rally in Rae Bareli on Saturday.(Congress)
Congress president Rahul Gandhi at an election rally in Rae Bareli on Saturday.(Congress)

‘No one has done something so foolish as demonetisation’, says Rahul Gandhi

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 27, 2019 04:13 PM IST
Rahul Gandhi also accused PM Narendra Modi of snatching jobs from the youth of Rae Bareli and Amethi because his government did not ensure that the state-owned Hindustan Aeronautics Limited got the off-set contract in the Rafale aircraft deal with France.
Mamata Banerjee alleged that Modi had distributed liquor licenses to some handpicked people just ahead of the polls and said that the TMC government will unearth the scam and expose his “real face” to the people.(ANI)
Mamata Banerjee alleged that Modi had distributed liquor licenses to some handpicked people just ahead of the polls and said that the TMC government will unearth the scam and expose his “real face” to the people.(ANI)

Lok Sabha elections 2019: Mamata accuses Modi of buying votes with black money

Serampore (West Bengal) | By Press Trust of India
UPDATED ON APR 24, 2019 06:48 PM IST
Continuing her attack, Banerjee, who is among the severest critics of the saffron party, said that BJP “goons” are even organising processions with arms and sharp-edged weapons to vitiate the environment and unleash terror.
Demonetisation helped formalise India’s economy and it has been proved that the 2016 exercise invalidating high-value banknotes was a step in the right direction, Prime Minister Narendra Modi has said.(File Photo)
Demonetisation helped formalise India’s economy and it has been proved that the 2016 exercise invalidating high-value banknotes was a step in the right direction, Prime Minister Narendra Modi has said.(File Photo)

Lok Sabha elections 2019- Demonetisation right step, formalised economy: PM Narendra Modi

Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON APR 16, 2019 07:02 AM IST
Modi, who is seeking re-election in this summer’s general elections, also stressed his government’s efforts for the benefits of farmers as well as the middle class.
Rahul Gandhi accused PM Modi of using demonetisation as a ruse.(PTI file photo)
Rahul Gandhi accused PM Modi of using demonetisation as a ruse.(PTI file photo)

‘Demonetisation destroyed economy, NYAY will jumpstart it’, says Rahul Gandhi

By HT Correspondnet
UPDATED ON APR 13, 2019 08:43 PM IST
Congress president Rahul Gandhi said NYAY can jumpstart the economy which he claimed was destroyed by demonetisation.
BJP leader Girish Mahajan (centre) at release of the music of the film ‘Notebandi Sahi Hai’ last month.(HT Photo)
BJP leader Girish Mahajan (centre) at release of the music of the film ‘Notebandi Sahi Hai’ last month.(HT Photo)

Film on benefits of demonetisation ready for release in Maharashtra

Pune | By HT Correspondent
UPDATED ON APR 13, 2019 02:33 PM IST
The Marathi filmmaker Balasaheb Gore, who does not have any known films to his credit, said he plans to release ‘Notebandi Sahi Hai’ of 110 minutes on April 19.
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