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Latest from demonetisation

What Manmohan Singh said about Indian economy in one of his last interviews

Manmohan Singh, who served as prime minister for two terms from 2004 to 2014, has been credited with spearheading India's economic reform process

Manmohan Singh with Hillary Clinton and Joe Biden at a toast for 'Indo-American' friendship at a luncheon in Washington(PTI)

business

Published on Dec 27, 2024 09:52 AM IST

PTI |

RBI says 98.08% of ₹2,000 notes returned: What to do if you still haven't?

The RBI announced the withdrawal of ₹2,000 notes on May 19, 2023. It has since periodically published the status of the amount of such notes being returned

These <span class='webrupee'>₹</span>2,000 banknotes were originally introduced in November 2016 after the demonetisation of the <span class='webrupee'>₹</span>1,000 and <span class='webrupee'>₹</span>500 notes(Representational Image/Pixabay)

business

Published on Dec 03, 2024 03:27 PM IST

ByAbhyjith K. Ashokan

BJP govts at Centre, in U.P. working at cross purposes: Akhilesh

Akhilesh Yadav claims the BJP's governance is failing in Uttar Pradesh, criticizing their handling of demonetization and law and order issues.

SP chief Akhilesh Yadav celebrating the birthday of Khazanchi (the boy born in a bank in Kanpur during demonetisation. (HT photo)

cities

Updated on Nov 10, 2024 05:26 AM IST

ByHT Correspondent, Lucknow

Woman finds bundles of old ₹500 and ₹1,000 notes during Diwali cleaning

A woman discovered old ₹500 and ₹1,000 notes while cleaning for Diwali, shocking her as she had hidden the cash years ago, leaving viewers amazed.

A woman found old <span class='webrupee'>₹</span>500 and <span class='webrupee'>₹</span>1000 notes while cleaning for Diwali(Instagram/deeeptigaba)

trending

Published on Oct 31, 2024 10:34 AM IST

ByMahipal Singh Chouhan

Justice BV Nagarathna's tryst with dissent

Elevated to the Supreme Court in 2021, justice Nagarathna’s judgments in the top court reflect a deep-seated belief in the rule of law

Justice BV Nagarathna(Supreme Court of India/Wikimedia Commons)

analysis

Published on Jul 26, 2024 07:16 PM IST

ByUtkarsh Anand

India needs to move beyond the formalisation and welfare narratives

India never prohibited rural-urban migration and the interplay of democracy and demand for cheap labour in cities has allowed creation of enclaves for the poor.

Informal sector enterprises had a nominal value added of <span class='webrupee'>₹</span>11.5 lakh crore in 2015-16 and employed 111.2 million workers. (File photo)

opinion

Published on Jul 05, 2024 08:00 AM IST

ByRoshan Kishore

Policymaking gains from coalition politics

The positive effect coalitions can have on policy is usually missed due to the identification of policymaking entirely with the speed of decision-making

**EDS: IMAGE VIA PMO** New Delhi: Prime Minister Narendra Modi chairs the first meeting of his new Cabinet, attended by the newly-inducted ministers, at the prime minister's 7, Lok Kalyan Marg residence, in New Delhi, Monday, June 10, 2024. (PTI Photo)(PTI06_10_2024_000252B)(PTI)

opinion

Published on Jun 10, 2024 10:00 PM IST

ByNarendar Pani

₹1.20-crore fake currency haul: Key accused gets 5-year jail

NIA special court in Panchkula awarded 5 years and 15-day jail to the kingpin arrested with ₹1.20 crore counterfeit currency notes of denomination ₹2,000 from Gurugram in 2019 while his accomplice was awarded four years and 10-day jail term.

The National Investigation Agency (NIA) special court in Panchkula awarded 5 years and 15-day jail to the kingpin arrested with <span class='webrupee'>₹</span>1.20 crore counterfeit currency notes of denomination <span class='webrupee'>₹</span>2,000 from Gurugram in 2019 while his accomplice was awarded four years and 10-day jail term. (Representational image)

cities

Updated on Jun 08, 2024 07:48 AM IST

ByShailee Dogra, Panchkula

TMC faces BJP challenge in its Kolkata bastion

A predominantly urban seat, Kolkata South includes Banerjee’s constituency of Bhowanipur. Banerjee has also been a Parliament member from the area.

Kolkata, May 28 (ANI): West Bengal Chief Minister Mamata Banerjee greets people during a roadshow in support of Trinamool Congress (TMC) North Kolkata candidate, Sudip Banerjee for the Lok Sabha Polls, in Kolkata on Monday. (ANI Photo) (Utpal sarkar)

india news

Updated on May 28, 2024 08:02 PM IST

ByJoydeep Thakur

Tribunal tells ED to release ₹14cr assets attached in 2016 demonetisation case

ED attached assets worth ₹14.69 crores under PMLA in 2017 belonging to the accused who facing allegations of unauthorised currency conversion

The Pune office of CBI, which probed the original case, failed to crack the case and requested the special CBI court to close the case in 2019. (FILE PHOTO/PTI via Mint)

cities

Updated on Apr 26, 2024 02:37 PM IST

ByAbhishek Sharan

Justice BV Nagarathna on demonetisation, governors facing litigation by states

Justice BV Nagarathna asked if 98% of the currency came back to the system then what happened to the aim of eradicating black money.

Justice BV Nagarathna was the only dissenting judge in the Supreme Court's demonetisation verdict.

india news

Updated on Mar 31, 2024 04:59 AM IST

ByHT News Desk

Rahul claims India behind Pak in key metric, says 'Narendra Modi finished...'

Bharat Jodo Nyay Yatra: Rahul Gandhi spoke to ex-servicemen and Agniveers in Gwalior on Sunday.

Congress leader Rahul Gandhi addresses the party's 'Bharat Jodo Nyay Yatra', in Dholpur on Saturday. (AICC file photo)

india news

Updated on Mar 03, 2024 03:05 PM IST

ByVaibhav Tiwari

Congress will protect tribal rights: Rahul during yatra in Jharkhand

The Congress party stands for ‘Jal-Jungle-Jamin’ (water, forest and land) of the tribal people and education and employment of youngsters from the community, party leader Rahul Gandhi on Sunday said.

Congress leader Rahul Gandhi during the Bharat Jodo Nyay Yatra at Bank More in Dhanbad on Sunday. (ANI)

india news

Updated on Feb 05, 2024 08:34 AM IST

ByPraduman Choubey, Dhanbad

Top court delivers assortment of milestone verdicts

A run-down of the outgoing year will demonstrate that 2023 was as striking as any other year for the Supreme Court of India

In October, the top court, by a 3-2 majority, refused to recognise a fundamental right to marry and denied legal recognition to same-sex couples. (File)

india news

Published on Dec 31, 2023 03:26 PM IST

ByUtkarsh Anand, Abraham Thomas, New Delhi

‘Biggest assault on economy’: Congress slams demonetisation on 7th anniversary

Congress president Mallikarjun Kharge said people of India badly battered and bruised on that fateful night of November 8, are still searching for answers

Congress president Mallikarjun Kharge. (HT File Phoot)

india news

Published on Nov 08, 2023 03:57 PM IST

ByShriya Ganguly

MP: Demonetised notes worth ₹47 lakh seized in Gwalior

One person has been arrested in connection with the case.

The man was unable to give a satisfactory explanation about the demonetised notes.(Representative image/HT Photo)

india news

Published on Oct 23, 2023 08:55 PM IST

PTI |

Building the nation, delivering on promises

Prime Minister Narendra Modi's nine years in office have been significant in many ways

PM Modi has taken the country on the path of progress with a leadership style that is not based on inheritance but on merit(HT Photo)

opinion

Updated on Sep 19, 2023 12:22 AM IST

ByEknath Shinde

Akhilesh flays Centre over ‘exodus of country’s super-rich’

The Samajwadi Party president alleged that the government’s policies centred around only some select businessmen

Samajwadi Party national president Akhilesh Yadav. (HT file photo)

cities

Updated on Jun 16, 2023 11:26 PM IST

ByHT Correspondent, Lucknow

No urgent hearing on plea against exchange of ₹2000 notes without ID proof: SC

A Delhi high court bench of chief justice Satish Chandra Sharma and justice Subramonium Prasad had on May 29 held that the present case is not the case of demonetisation but the withdrawal of Rs.2000 denomination banknotes from circulation

The RBI on May 19 announced the withdrawal of Rs.2000 currency notes from circulation (Representative Photoi)

india news

Updated on Jun 01, 2023 12:50 PM IST

ByAbraham Thomas

Withdrawal of ₹2000 note only currency management exercise: RBI to Delhi HC

RBI had on May 19 announced the withdrawal of ₹2,000 currency notes from circulation. The central bank has asked banks to provide deposit and exchange facilities for ₹2,000 notes until September 30, 2023

RBI had on May 19 announced the withdrawal of <span class='webrupee'>₹</span>2,000 currency notes from circulation (Representative/File Photo)

india news

Updated on May 26, 2023 01:42 PM IST

ByRicha Banka

₹2,000 note move may have marginal impact

The decision to withdraw the banknotes will impact liquidity, bank deposits and policy rates. All eyes will be on the share of notes exchanged versus deposited

Even if 10-20% of the <span class='webrupee'>₹</span>2,000 notes are deposited, the banking system liquid-ity will improve by <span class='webrupee'>₹</span>35,000-70,000 crore. This would imply that the RBI is less likely to change its monetary policy stance in June (SANTOSH KUMAR/HT PHOTO)

opinion

Updated on May 24, 2023 07:12 PM IST

BySamiran Chakraborty

Scrapping of ₹2,000 notes will cause inflation, says Bhupinder Singh Hooda

Bhupinder Singh Hooda, former chief minister and leader of Opposition in Haryana, has opposed the withdrawal of ?2,000 notes and claimed it will increase inflation. Hooda also criticised the BJP-JJP government for failing to protect the interests of the state, and said the Congress is capable of doing so.

NSUI volunteers welcoming former CM Bhupinder Singh Hooda at Rohtak’s Assan village on Saturday.

cities

Updated on May 20, 2023 11:47 PM IST

ByHT Correspondent, Rohtak

Tamil Nadu CM Stalin attacks Centre after RBI withdraws ₹2000 notes

Opposition leaders have criticized the move of the RBI to withdraw ₹2000 currency notes from circulation.

Tamil Nadu chief minister MK Stalin (HT File Photo)

india news

Updated on May 20, 2023 05:37 PM IST

BySreelakshmi B

‘Almost nothing…': Swiss ambassador says black money isn't an issue anymore

The Swiss ambassador said that several batches of information exchanges took place between both countries and the issue related to black money isn't an issue anymore.

Swiss ambassador to India Ralf Heckner said he

india news

Updated on Jan 09, 2023 02:26 PM IST

BySnehashish Roy, New Delhi

Owaisi dares BJP to celebrate ‘Demonetisation Day’ after Supreme Court verdict

On Monday, the Supreme Court in a 4:1 verdict upheld the government's decision to invalidate high-value banknotes in November 2016 saying the decision-making process was not flawed.

india news

Published on Jan 02, 2023 08:59 PM IST

ByHT News Desk

Demonetisation verdict: Kiren Rijiju slams Congress for “misinforming” citizens

Rijiju said the grand old party has attempted to “twist the issue and misinfom people” which has been “exposed” after the judgement was passed.

Union minister Kiren Rijiju criticised former Union minister P Chidambaram for his statement on Supreme Court's verdict.(File)

india news

Updated on Jan 02, 2023 05:40 PM IST

BySnehashish Roy

Supreme Court affirms demonetisation, says no flaw in Centre's decision-making

The top court said the Centre had the power to demonetise all series of a bank note, adding the November 8, 2016 decision can't be said to be unreasonable nor was it hit by the doctrine of proportionality.

A bank staff member counts Indian 500 rupee notes to give to customers on November 24, 2016, in the wake of the demonetisation of old 500 and 1000 rupee notes

india news

Updated on Jan 02, 2023 12:00 PM IST

ByHT News Desk | Reported by Utkarsh Anand | Written by Aryan Prakash

Supreme Court’s constitution bench verdict on demonetisation today

Justice BR Gavai will render the verdict of the Supreme Court’s five-judge bench on January 2, the day the top court reopens after the winter recess

india news

Updated on Jan 02, 2023 08:38 AM IST

ByAbraham Thomas

Hardships faced can’t be seen as shortfall of demonetisation: Centre to SC

The petitioners had questioned whether the Government carried out any study linking demonetisation as an effective tool to achieve the objectives of curbing black money, terror financing or fake currency.

The Government undertook demonetisation under Section 26(2) of the Reserve Bank of India (RBI) Act, 1934 by getting a recommendation from the Central Board of RBI. (HT file)

india news

Updated on Dec 06, 2022 05:06 AM IST

ByAbraham Thomas

Won’t go into whether note ban objectives were met: Supreme Court

The Supreme Court on Thursday indicated that it would only look at whether the Centre’s demonetisation move of 2016 was in keeping with its powers under the RBI Act.

Won’t go into whether note ban objectives were met: SC

india news

Updated on Nov 25, 2022 09:12 AM IST

ByAbraham Thomas

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demonetisation news

Latest from demonetisation

Manmohan Singh, who served as prime minister for two terms from 2004 to 2014, has been credited with spearheading India's economic reform process

The RBI announced the withdrawal of ₹2,000 notes on May 19, 2023. It has since periodically published the status of the amount of such notes being returned

Akhilesh Yadav claims the BJP's governance is failing in Uttar Pradesh, criticizing their handling of demonetization and law and order issues.

A woman discovered old ₹500 and ₹1,000 notes while cleaning for Diwali, shocking her as she had hidden the cash years ago, leaving viewers amazed.

Elevated to the Supreme Court in 2021, justice Nagarathna’s judgments in the top court reflect a deep-seated belief in the rule of law

India never prohibited rural-urban migration and the interplay of democracy and demand for cheap labour in cities has allowed creation of enclaves for the poor.

The positive effect coalitions can have on policy is usually missed due to the identification of policymaking entirely with the speed of decision-making

NIA special court in Panchkula awarded 5 years and 15-day jail to the kingpin arrested with ₹1.20 crore counterfeit currency notes of denomination ₹2,000 from Gurugram in 2019 while his accomplice was awarded four years and 10-day jail term.

A predominantly urban seat, Kolkata South includes Banerjee’s constituency of Bhowanipur. Banerjee has also been a Parliament member from the area.

ED attached assets worth ₹14.69 crores under PMLA in 2017 belonging to the accused who facing allegations of unauthorised currency conversion

Justice BV Nagarathna asked if 98% of the currency came back to the system then what happened to the aim of eradicating black money.

Bharat Jodo Nyay Yatra: Rahul Gandhi spoke to ex-servicemen and Agniveers in Gwalior on Sunday.

The Congress party stands for ‘Jal-Jungle-Jamin’ (water, forest and land) of the tribal people and education and employment of youngsters from the community, party leader Rahul Gandhi on Sunday said.

A run-down of the outgoing year will demonstrate that 2023 was as striking as any other year for the Supreme Court of India

Congress president Mallikarjun Kharge said people of India badly battered and bruised on that fateful night of November 8, are still searching for answers

One person has been arrested in connection with the case.

Prime Minister Narendra Modi's nine years in office have been significant in many ways

The Samajwadi Party president alleged that the government’s policies centred around only some select businessmen

A Delhi high court bench of chief justice Satish Chandra Sharma and justice Subramonium Prasad had on May 29 held that the present case is not the case of demonetisation but the withdrawal of Rs.2000 denomination banknotes from circulation

RBI had on May 19 announced the withdrawal of ₹2,000 currency notes from circulation. The central bank has asked banks to provide deposit and exchange facilities for ₹2,000 notes until September 30, 2023

The decision to withdraw the banknotes will impact liquidity, bank deposits and policy rates. All eyes will be on the share of notes exchanged versus deposited

Opposition leaders have criticized the move of the RBI to withdraw ₹2000 currency notes from circulation.

The Swiss ambassador said that several batches of information exchanges took place between both countries and the issue related to black money isn't an issue anymore.

On Monday, the Supreme Court in a 4:1 verdict upheld the government's decision to invalidate high-value banknotes in November 2016 saying the decision-making process was not flawed.

Rijiju said the grand old party has attempted to “twist the issue and misinfom people” which has been “exposed” after the judgement was passed.

The top court said the Centre had the power to demonetise all series of a bank note, adding the November 8, 2016 decision can't be said to be unreasonable nor was it hit by the doctrine of proportionality.

Justice BR Gavai will render the verdict of the Supreme Court’s five-judge bench on January 2, the day the top court reopens after the winter recess

The petitioners had questioned whether the Government carried out any study linking demonetisation as an effective tool to achieve the objectives of curbing black money, terror financing or fake currency.

The Supreme Court on Thursday indicated that it would only look at whether the Centre’s demonetisation move of 2016 was in keeping with its powers under the RBI Act.

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