Taking the nation by surprise, the Prime Minister tonight announced demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight, making the notes invalid in a major assault on black money, fake currency and corruption.
After the Budget Session began on a note of confrontation last week, the second week of the session is also unlikely to transact legislative business, barring essential financial exercise like the Union Budget
NDA constituent Shiv Sena, which has reservations over the land bill, on Tuesday joined a meeting of opposition parties to work out a strategy to thwart the proposed changes in the 2013 law which are up for consideration before a Joint Committee of Parliament.
CPI(M) central committee member Mohammed Salim today alleged that the Centre did not take action against chitfunds in West Bengal earlier because the Trinamool Congress was a former ally, while reiterating the demand for a CBI probe.