Page 11 - Demonetisation

Demonetisation achieved its main aim of making India tax-compliant: Jaitley

His statement comes a day after RBI data revealed that almost all the scrapped notes were returned to banks

2G scam was loot, note ban is morally correct: Jaitley to Manmohan

Manmohan Singh called demonetisation an organised loot, legalised plunder, also terming it as a reckless exercise

Watershed moment in India's economic history: Jaitley on demonetisation

In a blog on Facebook, the finance minister wrote, 'Indians were forced to live with this attitude of 'chalta hai' with respect to corruption and black money'

Note ban was a shake-up, achieved its main objectives: Arun Jaitley

Finance Minister said the govt's Nov 8 exercise helped reduce reliance on cash and increase tax base

Lots of black money back in the system, says Jaitley a day after RBI report

The Finance Minister also backed the Modi government's drive to merge state-owned banks

It pays to be honest, I-T dept will go after evaders, says Arun Jaitley

He asserted that the government over the last 2-3 years has made tax evasion difficult

I told govt that note ban wasn't well-planned, thought out: Raghuram Rajan

"It would be a really die-hard government advocate who would say that the growth benefits of demonetisation were immediate," said the former RBI governor at Harvard

Raghuram Rajan on demonetisation: RBI cautioned Modi govt on consequences

Central bank's former chief made the remark during an interview that came out today

Note ban effect: Currency printing cost more than doubles to Rs 7,965 crore

Of Rs 15.44 lakh cr demonetised currency in circulation, about 99% came back to RBI as on June 30

Note ban: 5,800 shell companies under scanner for suspicious deposits

Over Rs 4,574 cr has been deposited since demonetisation in 13,140 bank accounts of these companies

CBDT directs I-T dept to finish issuing note ban notices in two months

The department had launched an 'Operation Clean Money' (OCM) to check black money post demonetisation

Demonetisation led to slowdown of economy and rise in unemployment: Chavan

None of the objectives of demonetisation, like eradication of black money, removal of fake notes in circulation and breaking the back of Naxal and terror activities, have been achieved, he said

Black money retrieved post note ban being used to benefit people: Amit Shah

Shah said number of total direct tax payers had doubled in the last three years from 37 mn to 64 mn

Demonetisation, GST fostered trademark protection awareness in India

Huge qualitative improvement seen in filing of trademark applications by firms, says senior official

Cash is king again

Even the well heeled in metros find it difficult to go completely digital. Cash withdrawals from ATMs are back at the same level as they were before demonetisation

Demonetisation: RBI says no data on 500- and 1,000-notes used at fuel pumps

Immediately after note ban, govt had allowed exchange of junked currency at banks, and its use as payment for 23 utility services, including fuel purchases

Demonetisation: Taxmen to target Rs 3 lakh cr unexplained cash deposits

If the tax department is able to identify Rs 3 lakh crore deposits as unaccounted cash, it will also vindicate NDA govt

Demonetisation, GST impact behind us, growth in sight: Arun Jaitley

Structural reforms like demonetisation and the roll out of the Goods and Services Tax would have had some consequences but they will help the economy in the long run, he added

True impact of invalidating high-value currency has increased tax base: FM

He said the ban on Rs 500 and Rs 1,000 along with the goods and services tax had expanded the tax base

GST, demonetisation, Swachh Bharat having desired impact, says Arun Jaitley

Said, 'we must not forget that we not only have a large population to service, we have a very young population to service'