- Tag results for demonetisation
Demonetisation was 'biggest scam' of Modi government, says Rahul Gandhi in poll-bound Madhya Pradesh
Gandhi attacked the government while addressing a public meeting here after carrying out a 15-km roadshow.
According to a press statement, the arrested persons have told the police that the distribution and exchange of demonetised notes are still being held by agents in Palakkad and Thrissur districts.
The Congress government will waive farmers' loans in ten days of coming to power, curb corruption and make the environment safe for women, Scindia said.
When PM Narendra Modi made the announcement on November 8, the duo was in talks with a bakery at Eranhipalam here, to scale up the company's operations.
Jan Dhan accounts had come into focus after demonetisation on November 8, 2016, when the deposits witnessed a meteoric rise, touching an approximate Rs 80,000 crore in April this year.
A number of businessmen in the city are now preferring a convenient transfer of funds, which takes place with a far lower commission than that charged by banks.
On November 8, 2016, Prime Minister Narendra Modi had announced the demonetisation of high-value currency notes.
Demonetisation was to move India from a tax non-copliant society to a compliant society, says Arun Jaitley
The Finance Minister noted that income tax collection had increased from Rs 6.38 lakh crore in 2013-14 to Rs 10.02 lakh crore in 2017-18.
Since the start of the year, the rupee has depreciated around 10 per cent, which, along with some other factors, have pushed petrol and diesel prices up.
Rajiv Kumar on Thursday said that no one ever said that the aim of demonetisation was to get back less money.
He said the Reserve Bank has twice released its reports stating that the demonetised notes Rs 500 and Rs 1,000 have been substantially deposited in the banks.
Household financial saving, the most important source of funds for investment in the economy too declined to 6.7 per cent of GNDI in 2016-17, down from 8.1 per cent in 2015-16 (Table II.1.1).
Rahul alleged that note ban was not a mistake and was deliberately forced upon people to 'destroy the poor' and 'help the crony capitalists change their black money to white'
Over 2.09 lakh non-income tax filers filed their returns and there was an 18 per cent increase in tax revenue, said Bharatiya Janata Party spokesperson Sambit Patra.
The Reserve Bank of India (RBI) today announced that 99.3 per cent of the scrapped Rs 500 and Rs 1,000 notes have returned to the system, prompting the Opposition to question the demonestisation.