Tag Archives: Demonetisation
Maharashtra Verdict: Has Modi’s Demonetisation Gamble Paid Off?
The sweeping victories of the Bharatiya Janata Party (BJP) in Maharashtra's local elections mean that Prime Minister Narendra Modi has won his demonetisation gamble. Earlier, too, the BJP had come out on top in a series of civic elections across the country and returned more recently as a major c..
Hindi May Topple English On Social Media In India But Ignores Critical Issues
Hindi is set to topple English as the most popular language on social media in India in 2017 but this comes with a negative, a study on the occasion of International Mother Tongue Day has revealed. The negative: The trend also suggests that critical issues are overshadowed by nationalistic themes..
Demonetisation: Paytm Transcends Rs 5000 Cr Transactions In January
Spurred by demonetisation, online payments platform Paytm clocked Rs 5,000 crore worth of transactions in the month of January, Paytm's founder Vijay Shekhar Sharma said here today. "We clocked Rs 5,000 crore worth of transactions in January alone, that's 200 million transactions in volume terms,..
Demonetisation To Purge System Of Prevalent Ills: Jaitley
Union Finance Minister Arun Jaitley on Tuesday defended the November 8 demonetisation, saying the Centre took the decision with a larger objective of cleansing the system of excessive cash. The scrapping of the high-value currency notes was taken with the larger objective of ridding the system of..
Restrictions, Sufferings Post Note Ban Not Over: Mamata
Kolkata: Criticising the Prime Minister Narendra Modi-led central government's demonetisation move, West Bengal Chief Minister Mamata Banerjee on Wednesday said "restrictions and sufferings" were "not over" even after three months of the note ban. Her comment came after Modi defended the decision..
Post Demonetisation Jan Dhan Deposits Doubles In Gujarat
There has been an unprecedented rise in deposits in Jan Dhan accounts across the country since November 9, 2016. Gujarat has witnessed 93.95% growth the highest in the country in deposits made in Jan Dhan opened under Pradhan Mantri Jan Dhan Yojna (PMJDY). As per data tabled in Lok Sabha, Jan Dha..
Demonetisation Helps Online Forex Platform
Online foreign exchange marketplace ExTravelMoney has registered a double growth in transactions and a spike in user visits after the demonetisation move, said a company official on Friday. ExTravelMoney which had a moderate transaction volume of 1.5 crore a month saw a sudden increase in transac..
Jaitley Introduces Demonetisation Bill In Lok sabha
Finance Minister Arun Jaitley on Friday introduced a bill on demonetisation in the Lok Sabha to formally make the banning of Rs 500 and Rs 1,000 notes a law. The Specified Bank Notes (Cessation of Liabilities) Bill, 2017, seeks to replace the ordinance on demonetisation promulgated by the governm..
Budget 2017 Announced By Finance Minister Softens Demonetisation Blow
Softening the demonetisation blow, the Budget for 2017-18 today halved the tax to 5 per cent on incomes upto Rs 5 lakh but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastruct..
Apple’s CEO Tim Cook Comments On Demonetisation In India; Know Sales Of i-Phone In India Post Note Ban
Despite an acute shortage of cash and cut in discretionary spending because of demonetisation of Rs 500 and Rs 1,000 currency notes, iPhone maker Apple was able to post all-time record revenues in India for the quarter that ended December. Apple Chief Executive Officer (CEO) Tim Cook in a call wi..