Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | &#039;Demonetisation of Notes Won&#039;t Help Curb Black Money&#039;    </title>
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-PTI





Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.





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-PTI





Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.





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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;One common demand from the public is that high denomination currency notes, particularly Rs 1,000 and Rs 500, should be demonetised&quot;, says a committee headed by the CBDT chairman in its report to the Finance Ministry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It said that &quot;in this connection, it is observed that demonetisation may not be a solution for tackling black money or economy, which is largely held in the form of benami properties, bullion and jewellery&quot;, the report says.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Further, demonetisation will only increase the cost as more currency notes may have to be printed for disbursing the same amount,&quot; it adds.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report says demonetisation &quot;may also have an adverse impact on the banking system, mainly logistic, issues like handling, and cash transportation may become difficult and also cause inconvenience to the general public as the disbursal or payments of wages/salaries to workers will become difficult.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The suggestion of withdrawing the big currency notes, however, has been turned down by top financial and economic brass of the Ministry which includes chiefs of agencies like the Enforcement Directorate (ED), Directorate Revenue Intelligence (DRI) and the Financial Intelligence Unit (FIU).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The other salient demands made by the public include bringing a voluntary disclosure scheme for black money hoarders and bringing a strong Lokpal Bill.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The feedback from the 'aam aadmi' was received by the Central Board of Direct Taxes (CBDT) which had appealed to the public to share its views on tackling the problem of illegal funds and addressing new measures to curb black economy.</div>                                                           
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        LATEST NEWS UPDATES | &#039;Demonetisation of Notes Won&#039;t Help Curb Black Money&#039;    </title>
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-PTI





Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.





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-PTI





Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.





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    <h1 class="cat-box-title">&#039;Demonetisation of Notes Won&#039;t Help Curb Black Money&#039;</h1>
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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;One common demand from the public is that high denomination currency notes, particularly Rs 1,000 and Rs 500, should be demonetised&quot;, says a committee headed by the CBDT chairman in its report to the Finance Ministry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It said that &quot;in this connection, it is observed that demonetisation may not be a solution for tackling black money or economy, which is largely held in the form of benami properties, bullion and jewellery&quot;, the report says.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Further, demonetisation will only increase the cost as more currency notes may have to be printed for disbursing the same amount,&quot; it adds.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report says demonetisation &quot;may also have an adverse impact on the banking system, mainly logistic, issues like handling, and cash transportation may become difficult and also cause inconvenience to the general public as the disbursal or payments of wages/salaries to workers will become difficult.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The suggestion of withdrawing the big currency notes, however, has been turned down by top financial and economic brass of the Ministry which includes chiefs of agencies like the Enforcement Directorate (ED), Directorate Revenue Intelligence (DRI) and the Financial Intelligence Unit (FIU).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The other salient demands made by the public include bringing a voluntary disclosure scheme for black money hoarders and bringing a strong Lokpal Bill.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The feedback from the 'aam aadmi' was received by the Central Board of Direct Taxes (CBDT) which had appealed to the public to share its views on tackling the problem of illegal funds and addressing new measures to curb black economy.</div>                                                           
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    <br><a href="http://news.outlookindia.com/items.aspx?artid=772204" class="re" target="_blank">Outlook, 16 August, 2012, http://news.outlookindia.com/items.aspx?artid=772204</a><div class="clear"></div>
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        LATEST NEWS UPDATES | &#039;Demonetisation of Notes Won&#039;t Help Curb Black Money&#039;    </title>
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-PTI





Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.





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-PTI





Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.





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    <h1 class="cat-box-title">&#039;Demonetisation of Notes Won&#039;t Help Curb Black Money&#039;</h1>
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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;One common demand from the public is that high denomination currency notes, particularly Rs 1,000 and Rs 500, should be demonetised&quot;, says a committee headed by the CBDT chairman in its report to the Finance Ministry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It said that &quot;in this connection, it is observed that demonetisation may not be a solution for tackling black money or economy, which is largely held in the form of benami properties, bullion and jewellery&quot;, the report says.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Further, demonetisation will only increase the cost as more currency notes may have to be printed for disbursing the same amount,&quot; it adds.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report says demonetisation &quot;may also have an adverse impact on the banking system, mainly logistic, issues like handling, and cash transportation may become difficult and also cause inconvenience to the general public as the disbursal or payments of wages/salaries to workers will become difficult.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The suggestion of withdrawing the big currency notes, however, has been turned down by top financial and economic brass of the Ministry which includes chiefs of agencies like the Enforcement Directorate (ED), Directorate Revenue Intelligence (DRI) and the Financial Intelligence Unit (FIU).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The other salient demands made by the public include bringing a voluntary disclosure scheme for black money hoarders and bringing a strong Lokpal Bill.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The feedback from the 'aam aadmi' was received by the Central Board of Direct Taxes (CBDT) which had appealed to the public to share its views on tackling the problem of illegal funds and addressing new measures to curb black economy.</div>                                                           
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    <br><a href="http://news.outlookindia.com/items.aspx?artid=772204" class="re" target="_blank">Outlook, 16 August, 2012, http://news.outlookindia.com/items.aspx?artid=772204</a><div class="clear"></div>
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Home हिन्दी

'Demonetisation of Notes Won't Help Curb Black Money'

Published on Aug 17, 2012   Modified on Aug 17, 2012

-PTI Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says. "One common demand from the public is that high denomination currency notes, particularly Rs 1,000 and Rs 500, should be demonetised", says a committee headed by the CBDT chairman in its report to the Finance Ministry. It said that "in this connection, it is observed that demonetisation may not be a solution for tackling black money or economy, which is largely held in the form of benami properties, bullion and jewellery", the report says. "Further, demonetisation will only increase the cost as more currency notes may have to be printed for disbursing the same amount," it adds. The report says demonetisation "may also have an adverse impact on the banking system, mainly logistic, issues like handling, and cash transportation may become difficult and also cause inconvenience to the general public as the disbursal or payments of wages/salaries to workers will become difficult." The suggestion of withdrawing the big currency notes, however, has been turned down by top financial and economic brass of the Ministry which includes chiefs of agencies like the Enforcement Directorate (ED), Directorate Revenue Intelligence (DRI) and the Financial Intelligence Unit (FIU). The other salient demands made by the public include bringing a voluntary disclosure scheme for black money hoarders and bringing a strong Lokpal Bill. The feedback from the 'aam aadmi' was received by the Central Board of Direct Taxes (CBDT) which had appealed to the public to share its views on tackling the problem of illegal funds and addressing new measures to curb black economy.

Outlook, 16 August, 2012, http://news.outlookindia.com/items.aspx?artid=772204

Tagged with: black money

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