- Tag results for Demonetisation
India has witnessed several farmer agitations across the states as the policies adopted by the central government hardly met the grievances of the agricultural labourers.
Yogi said that demonetisation of high-value currency notes by Prime Minister Narendra Modi in November last year was inspired by B.R. Ambedkar.
Shashi Tharoor and Divya Spandana said that farmers have been badly affected in various ways due to the note ban and what we are facing now is its consequences.
An intense drive against black money might be taking place across the country since demonetisation. But the shadow economy is far from being wiped out.
The Minister of State for Finance was responding to a query on the total number of people who died during the demonetisation period.
Underlining that there are cost and benefits of the note ban move, the CEA said the cash circulation in the economy is easily measurable.
The limits were placed following the November 8 demonetisation of Rs 1,000 and Rs 500 notes.
The government's move to pull back high-value notes had "little impact" on India's growth and the economy will continue to grow at 7-8 per cent.
Finance Minister Arun Jaitley slammed the Congress for its "historic" blunders including opposing demonetisation.
The depositors include individuals, companies and cooperatives who had not declared the money in tax assessment in previous financial years.
Responding to supplementaries, the Minister however said it was difficult to give an exact figure on the number of deposited defunct Rs 500 and Rs 1,000 notes.
State-sponsored e-payment services are forcing the electronic payment firms to raise their game to hang on to their new customers.
According to a report by Capital Economics, consumer price inflation dropped in January to 3.2 per cent from 3.4 per cent in December, but is likely to rise in February.
A key Parliamentary panel is likely to submit its report on the impact of demonetisation next month after reviewing various submissions, including that by RBI Governor Urjit Patel.
The plea referred to the speech of Prime Minister Narendra Modi on November 8, 2016 and subsequent notification of RBI.