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Former finance minister P Chidambaram said demonetisation was an ingenious device used by the ruling BJP to help its friends to convert black money in to white money.(Anshuman Poyrekar/HT Photo)

Lok Sabha elections 2019: ‘Will probe note ban if elected’, says Congress

Hindustan Times, Mumbai | By HT Correspondent
UPDATED ON APR 27, 2019 11:55 PM IST
“Demonetisation was an ingenious device used by the BJP to help its friends to convert black money to white money. Unaccounted money has become accounted...,” Chidambaram said.
PM Modi said a campaign was launched when he started acting against black money and corruption and public was instigated by showing videos of people standing in queues outside banks.(PTI)
PM Modi said a campaign was launched when he started acting against black money and corruption and public was instigated by showing videos of people standing in queues outside banks.(PTI)

Lok Sabha elections 2019: Those close to Congress hit as home prices fell after note ban: PM Modi

Jabalpur | By Press Trust of India
PUBLISHED ON APR 26, 2019 06:13 PM IST
PM Modi also attacked the Congress over its record of governance in Madhya Pradesh in a short span of just a few months and also made a reference to recent tax raids in Delhi, which he has been terming as the “Tughlaq Road election scam”.
Congress leader and Punjab minister Navjot Singh Sidhu addressing an election rally for Lok Sabha polls in Katihar on Tuesday.(PTI)
Congress leader and Punjab minister Navjot Singh Sidhu addressing an election rally for Lok Sabha polls in Katihar on Tuesday.(PTI)

In Gujarat, Navjot Sidhu mocks PM Modi over notes ban, jan dhan accounts

Hindustan Times, Ahmedabad | By HT Correspondent
UPDATED ON MAY 02, 2020 01:18 AM IST
Punjab minister Navjot Singh Sidhu targeted PM Modi in his home state of Gujarat at an election rally citing demonetisation and the government’s push for opening of bank accounts and on yoga.
Lashing out at Prime Minister Narendra Modi over demonetisation and GST, Congress president Rahul Gandhi on Saturday dubbed him as an “incompetent man who listens to nobody”.(PTI)
Lashing out at Prime Minister Narendra Modi over demonetisation and GST, Congress president Rahul Gandhi on Saturday dubbed him as an “incompetent man who listens to nobody”.(PTI)

‘Incompetent, Listens to nobody’: Rahul Gandhi pans PM Modi over note ban

New Delhi | By Press Trust of India
UPDATED ON JAN 05, 2019 10:28 PM IST
Congress president Rahul Gandhi accused Prime Minister Narendra Modi of destroying India’s growth story through note ban and GST.
India-born Harvard professor Gita Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month.(economics.harvard.edu)
India-born Harvard professor Gita Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month.(economics.harvard.edu)

Note ban slowed down GDP by 2% points in Q4 2016, says economist Gita Gopinath

New Delhi | By Press Trust of India
UPDATED ON DEC 19, 2018 09:28 AM IST
Gita Gopinath co-authored the research paper titled ‘Cash And The Economy: Evidence From India’s Demonetisation’.
Vice president M Venkaiah Naidu addressing a gathering in Sitapura.(HT File Photo)
Vice president M Venkaiah Naidu addressing a gathering in Sitapura.(HT File Photo)

Govt reforms like GST bringing desired results, note ban served purpose: Venkaiah Naidu

Press Trust of India | By Press Trust of India
UPDATED ON DEC 16, 2018 11:46 PM IST
Defending the Prime Minister’s controversial note ban decision of November 2016, the vice president said the purpose of demonetisation has been achieved as the money that was kept under pillows and hidden in bathrooms has reached the banks.
Former Chief Election Commissioner OP Rawat(PTI File Photo)
Former Chief Election Commissioner OP Rawat(PTI File Photo)

Notes ban did not reduce black money used in elections, says OP Rawat, ex-chief election commissioner

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 03, 2018 01:41 PM IST
Compared to previous elections, there were more seizures of cash in the same states, OP Rawat said.
Former prime minister Manmohan Singh addresses a press conference, in Indore on November 21.(PTI Photo)
Former prime minister Manmohan Singh addresses a press conference, in Indore on November 21.(PTI Photo)

Corruption at peak: Manmohan Singh stings PM Narendra Modi on notes ban, CBI vs CBI

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON NOV 21, 2018 11:06 PM IST
At a press conference in Indore, Manmohan Singh said, “The rule of law is under attack. History shall never forgive our present generation if the situation is not changed.”
Former finance minister P Chidambaram today used Prime Minister Narendra Modi’s own “bitter medicine” words to hit back at him in two tweets.(HT File Photo)
Former finance minister P Chidambaram today used Prime Minister Narendra Modi’s own “bitter medicine” words to hit back at him in two tweets.(HT File Photo)

A bitter pill but..: Chidambaram gets back at PM on notes ban, with a twist

New Delhi | By HT Correspondent
UPDATED ON NOV 21, 2018 07:51 PM IST
On Tuesday, Prime Minister Narendra Modi had claimed that demonetisation was a bitter pill necessitated due to the spread of corruption during the Congress regime so that black money “stashed under beds” could be brought back into the country’s treasury.
Finance Minister Arun Jaitley(Reuters File Photo)
Finance Minister Arun Jaitley(Reuters File Photo)

Critics will exist, says finance minister Arun Jaitley on note ban, GST impact

Hindustan Times, Mumbai | By Vivina Vishwanathan
UPDATED ON NOV 12, 2018 12:30 AM IST
The remarks come a day after former RBI Governor Raghuram Rajan blamed the indirect taxation reform for derailing the India’s growth story.
Growth in the number of tax returns and income shown in ITRs in the up to Rs 5 lakh annual non-salary income category suffered a big deceleration.(Picture for representation)
Growth in the number of tax returns and income shown in ITRs in the up to Rs 5 lakh annual non-salary income category suffered a big deceleration.(Picture for representation)

Note ban helped formalise economy but hit small businesses

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON OCT 24, 2018 08:09 AM IST
Demonetisation generated tailwinds for formalisation of the economy. Income declared in income tax returns, as a share of India’s total Gross Value Added, increased significantly in 2016-17. But it also generated headwinds for small business incomes.
Asked if the current economic situation in the country was good, just over half (56%) of the respondents answered in the affirmative in 2018. Eight out of 10 had done so in 2017 despite the widespread disruption caused by note ban, brought in November 2016.(AFP/Picture for representation)
Asked if the current economic situation in the country was good, just over half (56%) of the respondents answered in the affirmative in 2018. Eight out of 10 had done so in 2017 despite the widespread disruption caused by note ban, brought in November 2016.(AFP/Picture for representation)

Confidence in economy falls among Indians, says Pew report

Hindustan Times, Washington | By Yashwant Raj
PUBLISHED ON SEP 19, 2018 10:54 PM IST
The confidence in their country’s economy among Indians has fallen by a 27% in last one year, according to the largest of the 27 nations surveyed by the Pew research centre.
The finance ministry said GST subsumed over a dozen local levies and transformed India into “one nation, one tax” and binds the country into an economic union.(PTI/Photo for representation)
The finance ministry said GST subsumed over a dozen local levies and transformed India into “one nation, one tax” and binds the country into an economic union.(PTI/Photo for representation)

First year of GST an example of taxpayers’ readiness to partner in tax reform: Finance ministry

New Delhi | By Press Trust of India
PUBLISHED ON JUN 30, 2018 02:25 PM IST
The government will celebrate July 1, 2018, as ‘GST Day’ to mark the first anniversary of the new indirect tax regime.
Four people were held from Chandkheda area in Ahmedabad with demonetised currency notes with a face value of Rs 99.99 lakh.(AP/Photo for representation)
Four people were held from Chandkheda area in Ahmedabad with demonetised currency notes with a face value of Rs 99.99 lakh.(AP/Photo for representation)

Four held in Ahmedabad with demonetised currency notes worth Rs 99.99 lakh

Press Trust of India, Ahmedabad | By Press Trust of India
PUBLISHED ON JUN 17, 2018 07:34 PM IST
Police said 12,800 demonetised notes of Rs 500 denomination and 3,599 scrapped notes of Rs 1,000 denomination, totalling Rs 99.99 lakh, were seized from Manjula Barot, Malhar Purohit, Rajesh Parmar and Gopal Pandey.
A "no cash" sign on an ATM machine in New Delhi. on Tuesday, people complained ATMs in several parts of the city had run out of cash.(AP Photo)
A "no cash" sign on an ATM machine in New Delhi. on Tuesday, people complained ATMs in several parts of the city had run out of cash.(AP Photo)

As ATMs run dry, SBI Research pegs cash shortfall at Rs 70,000 crore

Press Trust of India | By Press Trust of India
UPDATED ON APR 18, 2018 07:23 PM IST
A part of cash crunch at ATMs could be the introduction and acceleration in printing of Rs 200 notes, says SBI Research
A security guard sleeps near an 'out of service' ATM machine in Ahmedabad on Tuesday.(PTI Photo)
A security guard sleeps near an 'out of service' ATM machine in Ahmedabad on Tuesday.(PTI Photo)

Cash crunch at ATMs could be the after-effects of demonetisation

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON APR 18, 2018 02:59 PM IST
Analysis suggests shortage of cash in ATMs could be a result of persistence of tightness in overall money supply after demonetisation.
Prime Minister Narendra Modi speaks in Lok Sabha on February 7, 2017(PTI)
Prime Minister Narendra Modi speaks in Lok Sabha on February 7, 2017(PTI)

Demonetisation 100 days: It’s time Modi govt said note ban was a mistake

Hindustan Times | By Rajesh Mahapatra
UPDATED ON JUN 23, 2020 07:55 PM IST
On February 7, the PM spoke in Parliament on demonetisation. Given that this was the first time he spoke on the issue in the House, one expected the PM would support his claim with hard data and empirical evidence. Unfortunately, he didn’t. He didn’t because he can’t.
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