The nuances of demonetisation, the amount of hard work put in and the course corrections done during the implementation are known only to the govt. It's time to tell Indians about it.
SC examined 6 issues in its demonetisation verdict. It ruled that RBI Act had 'inbuilt safeguard', said court didn't sit in ‘judgment over matters’ of economic policy.
An SC bench upholds Modi govt's 2016 decision to ban Rs 500 & Rs 1,000 currency notes with 4:1 majority. Says demonetisation notification passed test or doctrine of 'proportionality'.
Replying to a question in the Lok Sabha, finance minister Nirmala Sitharaman said both the volume and the value of notes in circulation have steadily gone up since the 2016 note ban
Survey, released by LocalCircles Friday, also found that contrary to Modi govt’s intentions Rs 2,000 note has made it easier for people to keep cash in stock.
India’s most trusted regulatory body, the Reserve Bank of India, has given the courts two opportunities to question its manner of taking significant decisions in the last two years.
On 8 November, 2016 the Prime Minister announced on television that 86 per cent of the money in circulation in the Indian economy stood demonetised. There are still unanswered questions about the legality of the entire exercise and even the process followed to arrive at the decision.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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