Addressing a press conference here, All India Congress Committee Spokesperson Ajay Upadhayay charged the BJP-led government that demonetisation and the GST had hit the unorganised sector most.
Uttaresh Venkateshwaran gets in conversation with Moneycontrol Deputy Executive Editor Ravi Krishnan to discuss the restructuring scheme, the impact of it and more.
The expenditure on printing of notes during 2015-16, the year prior to demonetisation, was Rs 3,421 crore.
The Bhartiya Reserve Bank Note Mudran (P) Limited, a wholly owned subsidiary of the Reserve Bank of India (RBI), claimed that the printing of currency and related activities cannot be shared with people as it will result in "proliferation of counterfeit currency and economic chaos, it observed.
"The government does not comment on the views and opinions of former RBI governors and economists on demonetisation and GST expressed before media/private agency etc," Jaitley said in a written reply to the House.
Chidambaram also hoped that Das stands up to the autonomy and rights of the RBI.
Reacting to media reports that a parliamentary panel has objected to diversion of clean energy funds to compensate states for the GST, Yechury alleged that the economy of the country has been destroyed by Prime Minster Narendra Modi and his associates.
GST’s design could have been simpler, with not more than three rates
"If you are taking out Rs 500 and Rs 1,000 notes, why would you introduce Rs 2,000 notes? " Uday Kotak asked.
R Baskar Babu, MD & CEO of Suryoday Small Finance Bank (SSFB), talks about the bank's nearly two-year journey, challenges and opportunities for small finance banks and whether they have been able to achieve the RBI's objectives.
"After this announcement, there were many incidents of seizure of cash by police and all those arrested were associated with the BJP. Not only this, but within 10 days to demonetisation, the new currency reached terrorists in Jammu and Kashmir," he told reporters here.
Subramanian in a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy' has criticised demonetisation as a massive, draconian, monetary shock that accelerated economic slide.
Subramanian calls demonetisation was a massive, draconian shock which rendered 86 percent of the currency in the system illegal
Former Chief Economic Advisor Arvind Subramanian, in his new book Of Counsel: The Challenges of the Modi-Jaitley Economy, attempts to explain why demonetisation was seen as a political success soon after its implementation.
Prasad hailed the central government for measures like demonetisation and GST and said 1.5 lakh people deposited Rs 5 lakh crore after demonetisation.
In this Moneycontrol podcast, we will discuss another ATM related crisis looming on the horizon.
Opposition unity is aimed at creating hindrances in the welfare schemes run by the prime minister, the BJP minister alleged
Union Agriculture Minister Radha Mohan Singh said that statistics show an increase in the purchase of seeds after demonetisation, compared to the previous year
As a result of the faulty implementation of the Goods and Services Tax (GST), the states earned Rs 78,929 crore less revenue since July 2017, which has been compensated by the Centre as per compensation law of the new indirect tax regime, he said.
According to the Budget Estimate, the government proposed to mop up Rs 7.4 lakh crore from the goods and services tax (GST) and Rs 2.6 lakh crore from Union excise duties.
Taking to Twitter, he cited a media report that claimed the agriculture ministry has admitted that demonetisation has hit the farmers hard.
Congress president Rahul Gandhi on November 16 criticised the government over demonetisation, saying it was the "biggest scam" of India
Addressing a campaign rally for the November 28 Madhya Pradesh Assembly polls, Gandhi said Modi does not talk about being a "chowkidar (watchman) of the country and of tackling corruption.
Replying to a question, he said it is unfortunate that economists and intellectuals have not taken the right position on demonetisation and GST.
The CAG's failure to present the audit reports on note ban and the Rafale deal in time "may be seen as a partisan action" and could create a "crisis of credibility" for the institution, the letter said.