-The Financial Express A whopping 60% Indians said that black money in the country has not died; in fact, its circulation is going to only increase before the 2019 General Elections, a survey by LocalCircles showed. Two years of demonetisation: Two years ago, when 125 crore Indians glued to their television screens desperately awaiting a surprise address by the Prime Minister of India, little did they know that he was going to...
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Two years after demonetisation: A look at what has happened so far
-The Indian Express Two years after demonetisation came into effect on November 8, 2016, the BJP-led government continues to defend the move meant to "wipe out illegal money" while the Opposition terms the step as "ill-advised" and "Tughlaqi". Two years after demonetisation came into effect on November 8, 2016, the BJP-led government continues to defend the move meant to “wipe out illegal money” even as the Opposition terms the step as “ill-advised”...
More »No 'less cash' two years post Note ban
-The Hindu Cash in circulation and ATM withdrawals have only increased, RBI data shows Thursday, November 8, marks the second anniversary of the demonetisation exercise. It was on the same day in 2016 that Prime Minister Narendra Modi announced that ?1,000 and ?500 currency notes would no longer be legal tender. These notes constituted over 86% of the currency in circulation, then. One of the objectives of demonetisation was to move to a...
More »Explained: How 100 frauds hit banks -Rahul Tripathi
-The Indian Express CVC report analyses 100 major frauds on public sector banks, committed by borrowers from 13 sectors. Among them, an aviation firm that got loans based on its brand name in spite of a poor credit rating; and jewellers who allegedly inflated value of diamonds and submitted fake details on debtors. New Delhi: The Central Vigilance Commission (CVC) recently came out with a report that analyses the top 100 bank...
More »Demonetisation: A circus, clowns and a silver bullet -James Wilson
-National Herald Two years after the disastrous demonetisation, the Prime Minister and his Finance Minister—even the fawning media— no longer speak of the ‘Demonetisation Dividend’. There has been none Two years back, on November 8, at around 8.30 pm, the Prime Minister of India, with his characteristic love for drama, unleashed on the country what he had then claimed was the one silver bullet which would eliminate the triple evils of...
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