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\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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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\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

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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The Narendra Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came into the banking system. Meanwhile fresh seizures of black money..."/>
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                            <p style="text-align:justify">-MoneyControl.com</p><p style="text-align:justify"><em>The Narendra Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came into the banking system. Meanwhile fresh seizures of black money continue.</em></p><p style="text-align:justify">On November 8, 2016, Prime Minister Narendra Modi appeared on national television and said that all Rs 500 and Rs 1,000 notes would become invalid at midnight. The announcement at 8 pm, aimed at flushing out black money &mdash; money hidden from the taxman &mdash; led to nearly 86 percent of the currency in circulation becoming invalid four hours later.</p><p style="text-align:justify">Modi&rsquo;s decision surprised some economists, who argued that only about 5 percent of back money is stashed in the form of hard cash. The remainder is in the form of other assets such as real estate and gold, they argued.</p><p style="text-align:justify">There were three main economic objectives behind demonetisation &mdash; fighting black money, fake notes and creating a cashless economy by pushing digital transactions. Among those targets, the biggest one was tackling black money. Black money refers to cash that is not accounted for in the banking system or cash for which tax has not been paid to the state.</p><p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ" title="https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">After 5 years of demonetisation, black money is very much around -Dinesh Unnikrishnan</h1>
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                            <p style="text-align:justify">-MoneyControl.com</p><p style="text-align:justify"><em>The Narendra Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came into the banking system. Meanwhile fresh seizures of black money continue.</em></p><p style="text-align:justify">On November 8, 2016, Prime Minister Narendra Modi appeared on national television and said that all Rs 500 and Rs 1,000 notes would become invalid at midnight. The announcement at 8 pm, aimed at flushing out black money &mdash; money hidden from the taxman &mdash; led to nearly 86 percent of the currency in circulation becoming invalid four hours later.</p><p style="text-align:justify">Modi&rsquo;s decision surprised some economists, who argued that only about 5 percent of back money is stashed in the form of hard cash. The remainder is in the form of other assets such as real estate and gold, they argued.</p><p style="text-align:justify">There were three main economic objectives behind demonetisation &mdash; fighting black money, fake notes and creating a cashless economy by pushing digital transactions. Among those targets, the biggest one was tackling black money. Black money refers to cash that is not accounted for in the banking system or cash for which tax has not been paid to the state.</p><p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ" title="https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">After 5 years of demonetisation, black money is very much around -Dinesh Unnikrishnan</h1>
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                            <p style="text-align:justify">-MoneyControl.com</p><p style="text-align:justify"><em>The Narendra Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came into the banking system. Meanwhile fresh seizures of black money continue.</em></p><p style="text-align:justify">On November 8, 2016, Prime Minister Narendra Modi appeared on national television and said that all Rs 500 and Rs 1,000 notes would become invalid at midnight. The announcement at 8 pm, aimed at flushing out black money &mdash; money hidden from the taxman &mdash; led to nearly 86 percent of the currency in circulation becoming invalid four hours later.</p><p style="text-align:justify">Modi&rsquo;s decision surprised some economists, who argued that only about 5 percent of back money is stashed in the form of hard cash. The remainder is in the form of other assets such as real estate and gold, they argued.</p><p style="text-align:justify">There were three main economic objectives behind demonetisation &mdash; fighting black money, fake notes and creating a cashless economy by pushing digital transactions. Among those targets, the biggest one was tackling black money. Black money refers to cash that is not accounted for in the banking system or cash for which tax has not been paid to the state.</p><p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ" title="https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ" class="re" target="_blank">MoneyControl.com, 9 November, 2021, https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ</a><div class="clear"></div>
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After 5 years of demonetisation, black money is very much around -Dinesh Unnikrishnan

Published on Nov 9, 2021   Modified on Nov 10, 2021

-MoneyControl.com The Narendra Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came into the banking system. Meanwhile fresh seizures of black money continue. On November 8, 2016, Prime Minister Narendra Modi appeared on national television and said that all Rs 500 and Rs 1,000 notes would become invalid at midnight. The announcement at 8 pm, aimed at flushing out black money — money hidden from the taxman — led to nearly 86 percent of the currency in circulation becoming invalid four hours later. Modi’s decision surprised some economists, who argued that only about 5 percent of back money is stashed in the form of hard cash. The remainder is in the form of other assets such as real estate and gold, they argued. There were three main economic objectives behind demonetisation — fighting black money, fake notes and creating a cashless economy by pushing digital transactions. Among those targets, the biggest one was tackling black money. Black money refers to cash that is not accounted for in the banking system or cash for which tax has not been paid to the state. Please click here to read more.

MoneyControl.com, 9 November, 2021, https://www.moneycontrol.com/news/business/after-5-years-of-demonetisation-black-money-is-very-much-around-7695611.html?fbclid=IwAR2CuYbWuPV60Q07j727hzk6lLBy8bu1HquQAtvZX1pUpqrwOrQPWX5f9bQ

Tagged with: Demonetisation Note Ban RBI data fake notes black money cash transactions Tax Revenue

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• Would the government have brushed aside the Reserve Bank of India if it had objected to demonetisation, Supreme Court asks Centre
• What Centre Told Supreme Court On Pleas Challenging Demonetisation

 

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