Demonetisation slashed cash transactions: NITI Aayog Vice CharimanA day after the RBI said that 99.3 per cent of the demonetised currency has returned to the banks, NITI Aayog Vice Chairman Rajiv Kumar on Thursday said the objective of the note ban exercise was not to have a large number of unreturned Rs 500 and 1,000 notes but to encourage digital payments and reduce cash transactions.
Jaitley hits back at Rahul, dubs his claims on demonetisation as fictionFinance Minister Arun Jaitley on Thursday hit back at Congress President Rahul Gandhi for his allegation that demonetisation helped "15-20 biggest crony capitalists", dubbing it as fictitious.
Nullifying non-deposited currency was not the only aim: Jaitley on demonetisationA day after the RBI revealed that 99.3 per cent of the demonetised currency was returned to the banks, Finance Minister Arun Jaitley on Thursday said the invalidation of the non-deposited currency was not the only objective of the noteban.
Demonetisation a scam to give your money to crony capitalists: Rahul GandhiTerming the demonetization a "scam", Congress President Rahul Gandhi on Thursday said the primary purpose behind the exercise was to help "15-20 biggest crony capitalists" whose loans have turned into NPAs.
Demonetisation has achieved its objectives: OfficialNotwithstanding the fact that only over Rs.10,000 crore of demonetised money did not come back to the RBI, government on Wednesday claimed that it has achieved the targets it had set in its decision, including checking black money, counterfeit currency and terror funding while encouraging digital transactions.
Bihar CM Nitish Kumar questions benefits of demonetisationBihar Chief Minister Nitish Kumar on Saturday questioned benefits of the much-hyped demonetisation move to common people and slammed banks that allegedly helped rich and powerful manage their cash during notebandi.
Centre denying benefits of low oil prices: Manmohan SinghFormer Prime Minister Manmohan Singh on Monday accused the Modi government of punishing the common man by not passing on the benefits of low international petroleum prices to the people.
Cash crunch: Govt blames 'unusual demands', says nothing to worryAmidst reports of a cash crunch and empty ATMs, Finance Minister Arun Jaitley on Tuesday sought to assuage fears, saying "there is more than adequate currency in circulation", even as the government blamed "unusual demand" for shortages in some areas.
Terror of demonetisation is back, says Rahul GandhiWith ATMs suddenly running dry in several states, Congress President Rahul Gandhi on Tuesday said the "terror" of demonetisation has returned to haunt the country, slamming Prime Minister Narendra Modi for what he described as destroying India's banking system.
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