-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...

-The Indian Express On the latest justifications being given by the RBI, Franco asked “what was that economics he (Governor Patel) learnt to roll out a financial policy like Demonetisation troubling the entire population?” Chennai: Blaming the Reserve Bank of India Governor Urjit Patel for “misusing” the central bank to carry out demonetisation which “caused trouble to the common man”, D Thomas Franco, general secretary of All India Bank Officers Confederation has...

-PTI NEW DELHI: The Reserve Bank of India (RBI) is not using 'counting machines' for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have...

-The Times of India AHMEDABAD: When Prime Minister Narendra Modi announced demonetization on November 8, 2016, of his stated intentions for the move was to attack counterfeit notes. However, the rate of seizures of fake currency notes across the country has remained the same, even after Rs 500 and Rs 1,000 notes were declared illegal. The model state of Gujarat had the most seizures of Rs 2,000 notes after demonetization, figures...

-The Indian Express The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. New Delhi: The government’s currency paper printing presses have asked the Reserve Bank of India (RBI) for compensation or reimbursement to the tune of Rs 577...