Page 7 - Demonetisation

Realty sector getting back on its feet after demonetisation shock: JLL

Hyderabad topped the list with a 36 per cent sales penetration followed by Pune at 34 per cent

Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg

Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes

FasTag in fast lane after demonetisation

77% surge in enrolment for e-tolling after November 8

Slowdown due to Centre's failed economic policies, says Amit Mitra

India's GDP growth fell to 5 per cent in the first quarter of the current financial year and is estimated to have dipped further in the second quarter

NBFC crisis dragged loan growth to demonetisation lows in Q2: Credit Suisse

While the NBFC sector continues to face the heat, corporate banks seem to be on track to recovery

Demonetisation, 3 years on: Cash in circulation has grown 20% to Rs 22 trn

The RBI data on Friday showed the currency with the public grew 15.2 percent to Rs 21.59 lakh crore as of the fortnight to October 25, as against Rs 17.97 lakh crore on November 4, 2016.

Demonetisation, 3 years on: A look at impact on key sectors of the economy

With three years of data available to back or reject the various assertions and assumptions, Business Standard looks at the Modi govt's most disruptive economic measure, the 'note ban'

Demonetisation, 3 years later

Those behind note ban terror attack yet to be brought to justice: Rahul

Terming demonetisation as a "terror attack", Congress leader Rahul Gandhi on Friday said those behind the "vicious" assault have yet to be brought to justice. His attack on the government came on the third anniversary of demonetisation. On November 8, 2016, Prime Minister Narendra Modi announced to the nation that Rs 500 and Rs 1,000 currency notes would cease to be a legal tender. "It's 3 yrs since the Demonetisation terror attack that devastated the Indian economy, taking many lives, wiping out lakhs of small businesses & leaving millions of Indians unemployed," Gandhi said in a tweet. Those behind this "vicious attack" have yet to be brought to justice, the former Congress president said, using the hashtag 'DeMonetisation Disaster'. Congress' chief spokesperson Randeep Surjewala also hit out at Prime Minister Modi for the demonetisation move, describing him as "today's Tughlaq". "Sultan Muhammad bin Tughlaq rendered the country's currency useless in the year 1330. Today's ...

Economic disaster began with demonetisation; it ruined lives: Mamata

West Bengal Chief Minister Mamata Banerjee on Friday said the Centre's move to demonetise high- value currency notes on this day in 2016 was a futile exercise which had a negative impact on the country's economy. Banerjee, on the third anniversary of note ban, asserted that she knew from the very beginning that the decision would ruin millions of lives. "Today is the third anniversary of #DeMonetisationDisaster. Within minutes of announcement, I had said that it will ruin the economy and the lives of millions. Renowned economists, common people & all experts now agree. Figures from RBI have also shown it was a futile exercise," the chief minister tweeted. "Economic disaster started on that day and look where it has reached now. Banks stressed, economy in a complete slump. All affected. From farmers to the young generation to workers to traders, housewives... everyone is affected," she added. Banerjee, during her campaign for the Lok Sabha elections, earlier this ...

Rs 2,000 notes can be demonetised without disruption: Ex-DEA Secy S C Garg

The former IAS officer has, therefore, suggested to outlaw the high-value notes

Economic slowdown was the biggest negative impact of demonetisation: Survey

Around 32% of respondents believe note ban caused loss of earnings for many unorganised sector workers

Demonetisation effect: Spending on milk and milk products fell in 2017-18

The amount spent on milk and milk products (M&MP) dropped 10%. While households, hotels, and halwai shops spent Rs 6 trn on M&MP in 2016-17, consumption expenditure reduced to Rs 5.4 trn in 2017-18

Realty market sentiment in Q2 plummets to demonetisation level: Report

Further, the Future Sentiment Index dropped to an all-time low of 49 in Q3 2019 calendar year

1.25 bn Indians fought a decisive battle and won: Modi on demonetisation

PM Modi shared a video on his twitter handle highlighting the benefits of the note ban

Newly-weds, read carefully: How to make the most of tax relief on gifts

Any gift one receives during such occasions,either from close relatives or others, is not taxed

What govt can do to nab tax evaders without hurting honest taxpayers

At present, an individual gets tax benefit under Section 54 irrespective of the number of properties owned by him

From cigarettes to liquor, sweets & eggs, ttems most hit by demonetisation

Here is an account of how the Centre's demonetisation policy has impacted sales and production across sectors

Angry customers, difficult management: How bankers are coping with note ban

In the initial days of demonetisation, banks had taken the help of some retired staff, but the employees are on their own now

Note ban's failure won't hurt PM Modi, he's already changed the narrative

Modi has learnt never to engage with his opponents and a hapless Opposition is trying to keep up