The court asked the parties if the questions and issues raised in the case are merely academic in nature now.
The lieutenant governor's statement comes three days after the Delhi-ruling Aam Aadmi Party (AAP) accused him of corruption.
Referring to the economic crisis in Sri Lanka, the RBI article prepared by a team of economist under the guidance of Deputy Governor Michael Debabrata Patra had on Thursday stated that the five most indebted states — Punjab, Rajasthan, Bihar, Kerala and West Bengal — need to take corrective measures by cutting down expenditure on non-merit goods.
West Bengal Chief Minister Mamata Banerjee on Tuesday called for defeating the saffron camp in the 2024 general election and said BJP’s politics of hate and violence will find ”no entry” across the country.
The central bank detected 101.93 percent rise in fake notes of Rs 500 denomination, while fake notes of Rs 2,000 increased more than 54 percent during FY22.
While poverty rapidly declined during this period, there were two instances when a short-term reversal was observed: the period around the demonetisation drive in 2016 and the economic slowdown in 2019, the study suggested.
The SFIO is probing corporate governance violation charges against the former promoters of BPSL.
As against 3,363 million pieces (mpcs) of Rs 2,000 denomination banknotes in circulation on March 31, 2018, constituting 3.27 percent and 37.26 percent of NIC in terms of volume and value respectively; 2,233 mpcs were in circulation on November 26, 2021, constituting 1.75 percent and 15.11 percent of NIC in terms of volume and value, respectively
In post-DeMo Q4 2016-Q3 2021, sales of approximately 10.37 lakh units outstripped new launches that were at approximately 9.04 lakh units
It cannot be said that cash components have been entirely eliminated from the market. However, they have become a far less influential factor driving property purchases. Real estate experts say that a permanent solution involves revising circle rates frequently and promoting electronic registration of properties.
The Narendra Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came into the banking system. Meanwhile fresh seizures of black money continue.
Jairam Ramesh also claimed that the decision along with a rushed goods and services tax (GST) "destroyed the backbone of the Indian economy".
On November 8, 2016, Prime Minister Narendra Modi announced on national television his government’s decision to ban all currency notes of higher denomination of Rs 500 and Rs 1,000 from midnight on the same day.
Five years after the demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless payment modes.
Ruling on an appeal filed by an individual, the Agra bench of ITAT said the order would act as a precedent for all similar cases.
The central bank’s fresh notification means that the probes on illegal accumulation of new currency notes are not over even after four and half years of the 2016 demonetisation exercise.
Inaugurating a development summit virtually organised by the Rajiv Gandhi Institute of Development Studies, an economic think tank aligned to the Congress ideology in poll-bound Kerala, Singh said temporary measures by the Government of India and the Reserve Bank to paper over the credit problem cannot blind us to the looming credit crisis ahead that could affect the small and medium sector.
Gates praised India for building ambitious platforms for universal identification and digital payments which include the world’s largest biometric database and a system for sending rupees between any bank or smartphone app.
In the investigation, the accused said that he had purchased the currency from a man, named Nain Singh Rajpurohit by paying him Rs 1 lakh.
On November 8, 2016, Prime Minister Modi announced the decision to ban all currency notes of higher denomination of Rs 500 and Rs 1,000 from midnight.
There were three main objectives of demonetisation—fighting black money, flushing out fake notes and creating a cashless economy. Here is a status check.
What is truth about the real number of projects being stalled and the belief that prices of realty will definitely fall in the post-Covid era ?
The problems that the real estate sector is facing are its own creation
The coronavirus outbreak may lead to cash flow management issues in ongoing projects where a fall in collections may lead to a drop off in construction
The petitioner, Deepak Maratha, had challenged the amendment to the section 115 BBE IT Act 1961, introduced post-demonetisation, which levied the penalty on undisclosed income from previous 30 per cent to 60 percent.