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02 Jan 2023

'Why don't you celebrate Notebandi Divas?': Owaisi dares BJP after SC verdict

SC verdict on demonetisation: A 5-judge Constitutional Bench headed by Justice S A Nazeer today said there has to be restraint in matters of such a policy and the court cannot supplant the wisdom of the executive by a judicial review of its decision. However, Justice B V Nagarathna strongly differed from the majority judgment by invoking the RBI Act, saying the scrapping of high-value currency notes should have been done through legislation and not by a notification.

02 Jan 2023

‘Will Rahul say SORRY?’: BJP hails SC verdict on note ban as ‘HISTORIC'

SC verdict on demonetisation: Reacting to the SC verdict, former law minister and BJP leader Ravi Shankar Prasad asserted that the demonetisation done in 2016 proved to be the "biggest blow" to terrorism by curbing terror funding. “It boosted income tax and cleansed the economy,” he claimed.

02 Jan 2023

Demonetisation order unlawful, vitiated: Dissenting Supreme Court Judge

The Supreme Court today upheld the government's 2016 note ban decision which phased out old Rs 1,000 and Rs 500 currency notes by a 4:1 majority. Justice BV Nagarathna said that the process of banning Rs 1,000 and Rs 500 notes could not have been initiated by the Centre. She also said that if a note ban was to be done, it should have been initiated through an Act of Parliament and not by an executive notification.

12 Oct 2022

Aware of 'Lakshman Rekha' but will probe note ban: Supreme Court

SC wants the central government to "keep ready" the files about the decision to ban ₹ 500 and ₹ 1,000 notes — over 80 per cent of all notes then in circulation — announced in a sudden, late-evening address by PM Narendra Modi as an "anti-corruption" measure.

08 Nov 2021

Demonetisation among worst policy blunders, Modi destroyed economy: Congress

Congress leaders slammed Modi govt over demonetisation Today marked the fifth anniversary of note ban

19 Dec 2018

'Note ban slowed down GDP by 2 percentage points in Q4 2016'

India-born Harvard professor Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month.

16 Nov 2018

Economy would have collapsed but for demonetisation: S Gurumurthy

The government had demonetised old Rs 500 and Rs 1,000 notes on November 9, 2016.

12 Nov 2018

Don't need certificate from mother-son out on bail: PM Modi slams Rahul, Sonia

In a no-holds-barred attack on the Congress, its president Rahul Gandhi and his mother Sonia, PM Modi said the party's "politics begins and ends with one family".

30 Aug 2018

Purpose of note ban achieved, says Jaitley; Rahul says it helped PM's friends

Jaitley said that the larger purpose of demonetisation was to move India from a Tax Non-compliant society to a compliant society.

Reserve Bank of India

29 Aug 2018

99.3% of junked Rs 500, Rs 1,000 notes returned to banks: RBI

Post-demonetisation, RBI spent Rs 7,965 crore in 2016-17 on printing new Rs 500 and Rs 2,000 and other denomination notes, more than double the Rs 3,421 crore spent in the previous year.

26 Aug 2018

BJP stalls adoption of report critical of Centre's note-ban decision

The committee has several Congress heavyweights, including former prime minister Manmohan Singh.

11 Feb 2018

Bombay High Court to hear PIL on missing notes between printing press and RBI

A public interest litigation -- probably holding the key to the historic demonetisation of November 8, 2016 -- filed by RTI activist Manoranjan Roy will finally come up for hearing at Bombay High Court here on February 12.

11 Feb 2018

15 months after note ban, RBI still processing returned notes

New Delhi, Feb 11 (PTI) The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high value currency 15 months ago, are still being "processed for their arithmetical accuracy and genuineness".

29 Dec 2017

Note-ban, GST became possible due to PM Modi's leadership: Manohar Parrikar

Goa Chief Minister Manohar Parrikar said decisions such as demonetisation and the roll-out of the Goods and Services Tax could be implemented because of the "bold leadership" of Prime Minister Narendra Modi.

Gujarat assembly elections 2017

19 Dec 2017

Gujarat elections 2017: BJP wins trade centres, as GST, demonetisation turn damp squibs for Congress

BJP has won in regions with significant business clout Traders were said to be voting against GST and demonetisation Whether BJP's vote share in these regions has been affected will become clear only by the end of the day

11 Dec 2017

PM Modi takes on Rahul, says all GST issues resolved

Prime Minister on Monday took on the Congress for criticising his government over problems caused by the Goods and Services Tax and demonetisation.

07 Dec 2017

Fake 2,000-rupee note was out within 53 days of demonetisation!

The Rs 2,000 notes were part of the 281,839 fake notes of various denominations recovered from different locations across India.

05 Dec 2017

Akhilesh Yadav adopts Anantpurwa village in Kanpur rural

'Khajanchi' is the child born in a queue outside a bank soon after demonetisation.

01 Dec 2017

UP results reaffirm people's support for note ban, GST: Arun Jaitley

Finance Minister Arun Jaitley said that the results of Uttar Pradesh civic polls reaffirmed people's support for the GST which has made doing business "easier" for traders.

25 Nov 2017

Demonetisation drive was meant to cleanse the system: Hasmukh Adhia

The government's demonetisation drive was meant to cleanse the system and do away with black money, Finance Secretary Hasmukh Adhia said here on Saturday.

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