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Passengers use smartphones at Mumbai Central railway station | Dhiraj Singh/Bloomberg

Modi’s demonetisation will be of use during the coronavirus lockdown

Modi govt's overnight, ill-conceived, egotistic decision that left lakhs of people jobless and paralysed India’s informal economy 3 yrs ago may just give some returns.
A queue of people stand outside a bank to exchange old notes in 2016 after the government announced the demonetisation scheme.

Deposits after demonetisation rose by Rs 6 trillion and yet bank credit fell, study shows

Canada-based economics professor's study finds that on the cost side, there is strong evidence that demonetisation reduced employment, especially in informal sector.
Representational image of Indian currency

Illegal cash transactions are on the rise, despite Modi govt’s anti-black money laws

Income tax department tells Parliament it has unearthed 1,421 cases worth Rs 2,101 crore in FY2019-20 so far, up from 1,110 cases involving Rs 1,015 crore for 2018-19.
Black Money

Centre receives first tranche of Swiss bank account details of Indian nationals

The information, provided under the new automatic information exchange pact, includes details of currently active accounts as well as those closed in 2018.
Nirmala Sitharaman addresses a press conference, in New Delhi | PTI

Modi govt looks to catch NRI tax evaders with retrospective change in Black Money Act

Changes proposed target individuals who were Indian residents while acquiring their undisclosed property overseas and earning unaccounted income.
A Swiss national flag hangs in view of the Swiss National Bank (SNB) in Bern, Switzerland

Why all funds deposited by Indians in Swiss banks are not black money

As India has ranked 74th in terms of money stashed by its residents in Swiss banks, ThePrint takes a look at the different legitimate ways of transferring funds overseas.
Supreme Court of India | Sonu Mehta/Hindustan Times via Getty Images

SC stays HC order disallowing black money law to operate retrospectively from July 2015

The Delhi HC in its interim order had stayed the Centre's notification to make black money law operational with effect from July 1, 2015.

Supreme Court seeks response from P Chidambaram’s family on Income Tax dept’s plea

The top court has refused to stay the Madras High Court order quashing criminal prosecution against the Chidambarams as requested by the Income Tax dept.

BJP didn’t make Rs 15 lakh promise in 2014 manifesto, says party leader Kalraj Mishra

The former Union minister said the opposition was misleading people, and clarified that BJP said if black money stashed abroad came back, an estimated Rs 15 lakh can be given per family.
Two thousand rupee banknotes (representational image) | Photo: Dhiraj Singh | Bloomberg

Rs 2,000 notes are disappearing, bankers suspect they’re being hoarded for elections

Shortage in Rs 2,000 currency notes possibly due to increased hoarding of high value banknotes, especially with approaching Lok Sabha elections.

On Camera

Representational photos | Hindu priests perform evening prayers at Dashashwamedh Ghat in Varanasi | Kanishka Sonthalia/Bloomberg

Want to preserve secularism in India? Well, preserve the Hindu ethos first

Secularism in the Indian context would mean maintaining equidistance from  all religions. Unfortunately, that equidistance never happened.
Mukesh Ambani at ThePrint Off the Cuff

Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest

Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.

Defence

Union Defence Minister Rajnath Singh | Photo: ANI

Artillery guns, assault rifles, AFVs — Here’s a list of 101 items MoD won’t import in future

Contracts worth almost Rs 4 lakh crore will be placed with the domestic industry within the next six to seven years.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.