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HomeDEMONETIZATION

DEMONETIZATION

Modi knows
Opinions

Modi alone knows best

Dec 3, 2021 - 8:19 am EST @theindpanorama 0

Propaganda claims PM doing everything for the good of country and its people Our existence should not depend on the mercy or compassion of the messiah. Instead, it requires the spirit of a creatively nuanced […]

Demonitisation
Featured

The cover-up: Demonetization was more pain than gain

Sep 1, 2017 - 4:56 am EDT @theindpanorama 0

If 99 per cent of the demonetized currency has returned to the banks, as the RBI has said, it means the fight against black money through demonetization was not properly thought through. The Prime Minister […]

Real-Estate
Indian Americans

Indian Americans among top investors in residential property in US

Jul 21, 2017 - 5:08 am EDT @theindpanorama 0

MUMBAI (TIP): A Times of India report published July 21 says that the pall of gloom owing to protectionist policies has not kept Indians residing in the US from investing in real estate. By purchasing […]

Cow slaughter pic
Featured

Debate Why Hinduwadis are obsessed with Cow?

Jul 21, 2017 - 4:32 am EDT @theindpanorama 0

Cow is not sacred and beef is not forbidden to Hindus, according to Vedas  The author finds no mention in Hindu scriptures about cow being referred to as “mother” or as “holy”. He finds no […]

Guest Comment
India

Getting it right: Demonetization was indeed a speed-breaker

Jun 5, 2017 - 3:12 pm EDT @theindpanorama 1

Putting up a brave face, Finance Minister Arun Jaitley has downplayed concerns over growth slowdown. Experts commenting on the economy growing at 6.1 per cent in the January-March quarter unanimously pin the blame on demonetization. While India has lost the […]

Chidambaram
India

India’s GDP takes a hit by 1.3 per cent

Jun 5, 2017 - 12:05 pm EDT @theindpanorama 0

Congress leader Chidambaram says figures prove Cong right on note ban NEW DELHI (TIP): Senior Congress leader P Chidambaram said, June 1, the new GDP growth figures had proved the Congress and the opposition right about the consequences of demonetization with the […]

intl payments
Business & Economics

NO SELF-CERTIFICATION? ACCOUNTS USED FOR OVERSEAS TRANSACTIONS TO BE BLOCKED

Apr 14, 2017 - 7:25 am EDT @theindpanorama 0

NEW DELHI (TIP): Bank accounts used for transfer of funds to and from other nations will have to provide additional details of transactions and identity by April 30 or get blocked, the income tax department […]

OP CLEAN MONEY
India

INCOME TAX DEPT LAUNCHES ‘OP CLEAN MONEY’-II; TO PROBE 60,000 PEOPLE

Apr 14, 2017 - 5:12 am EDT @theindpanorama 0

NEW DELHI (TIP): The Income Tax department will investigate over 60,000 individuals under the second phase of the ‘Operation Clean Money’ which was launched on Friday with a view to detecting black money generation post […]

demonetization
Business & Economics

RBI wants to circulate new Rs 200 notes through banks

Apr 7, 2017 - 8:29 am EDT @theindpanorama 0

NEW DELHI (TIP): The Reserve Bank of India (RBI) is likely to decide against circulating proposed new Rs 200 banknotes through ATMs to avoid another chaotic recalibration process similar to the one that followed the […]

High-value funds transferred
Business & Economics

High-value funds transferred electronically could also come under scrutiny

Mar 31, 2017 - 4:47 am EDT @theindpanorama 0

Large cash deposits in savings bank accounts of citizens have been under scrutiny after the government scrapped high-value banknotes from November 9, 2016 NEW DELHI (TIP): The taxmen or bank officials may question anyone receiving […]

Ravi Bhooplapur, Gobind Bathija, Nagendra Gupta Jagdish Sewhani, Sunil Jain. Animesh Goenka and others at BJP Victory celebration in New York
India

BJP Victory celebrated in New York

Mar 19, 2017 - 5:43 am EDT @theindpanorama 1

NEW YORK (TIP): Indian American community in New York celebrated victory of BJP in U.P., Uttarakhand and other states. Community leaders of various organizations joined in congratulating Modi for landslide victory. “Modi magic has worked […]

Demonetisation
Business & Economics

Demonetisation had a significant impact on India business in Q4: Indra Nooyi

Feb 18, 2017 - 9:45 am EST @theindpanorama 0

NEW DELHI (TIP): PepsiCo India may emerge from the setback caused by demonetisation only by the April-June quarter, global chief executive officer Indra Nooyi said, the seventh leader among consumer companies to voice concerns over […]

Finance Minister Arun Jaitley holding a briefcase of budget papers, with his colleagues and staff before going in to the Parliament to present the budget
Featured

Indian Union Budget 2017 Presented – Finance Minister unveils series of post-demonetization digital reforms

Feb 3, 2017 - 11:02 am EST @theindpanorama 0

NEW DELHI (TIP): In a pre-election Budget aimed at softening the demonetization blow, Finance Minister Arun Jaitley on February 1 halved the basic income tax rate to 5 per cent and lowered the rate for […]

Note-bandi will help curb corruption, fight terror
Business & Economics

Notebandi not enough to end corruption

Jan 6, 2017 - 5:05 pm EST @theindpanorama 0

The historic decision of Nov 9, 2016 to demonetize currency notes of Rs. 500/1000, which represents 86 %of the total currency in circulation, was ‘overdue’ since the last time in 1978. Many reports suggest that […]

Demonetization was a dishonest promise
Business & Economics

Demonetization was a dishonest promise

Jan 6, 2017 - 4:59 pm EST @theindpanorama 0

A cost-benefit analysis of demonetization needs to take into account the inconvenience caused and the millions of man days lost in queues and lay-offs. The honorable Prime Minister promised the people an India of their […]

NO RATE CUT FROM RBI
Business & Economics

Multiple deposits of scrapped notes allowed till Dec 30: RBI

Dec 23, 2016 - 7:40 pm EST @theindpanorama 0

MUMBAI (TIP): Reserve Bank of India on Thursday clarified that account-holders can make multiple cash deposits in withdrawn currencies till December 30. RBI had on Wednesday reversed an earlier directive requiring banks to question customers […]

demonetization
Featured

Misery in rural India: The government should listen to its own bureaucrats

Dec 2, 2016 - 4:19 pm EST @theindpanorama 0

If the government thought media was exaggerating the prevailing “cash chaos” and focusing excessively on urban India, its own officers’ report has confirmed that the situation is far worse in rural India. A team of […]

demonetization
Featured

The implications of demonetization and Trump’s win will be far-reaching

Nov 26, 2016 - 4:09 pm EST @theindpanorama 0

Trump’s election as US President and demonetization in India arrived like conjoined twins on November 9. Joseph Schumpeter’s phrase “creative destruction”, used in 1942 to characterize industrial evolution, is the hopeful outcome. Experts are divided […]

People line up outside State Bank of India to deposit and exchange banned currency notes for new ones at Gandhi Nagar in New Delhi.
Featured

Monetary Stalinism: Perils of tinkering with jameen, jorru and jeb

Nov 26, 2016 - 4:03 pm EST @theindpanorama 0

We do not want another ‘god’ as the political leader of our country…We must not only not have any more gods…we must also ‘devalue‘ the exaggerated importance that we have given to the office of […]

unaccounted-money
India

New scheme may impose 50% tax on unaccounted money

Nov 26, 2016 - 3:18 pm EST @theindpanorama 0

NEW DELHI (TIP): The  government is likely to introduce a disclosure scheme under which anyone with unaccounted income can come clean by paying 50% tax before December 30. A fourth of the amount remaining after […]

demonetization-black-money-jibe
India

Modi’s black-money jibe at Opposition roils Parliament

Nov 26, 2016 - 3:17 pm EST @theindpanorama 0

NEW DELHI (TIP): The political thrust and parry over the demonetization of high-value currency notes intensified on November 25 with Prime Minister Narendra Modi using the Constitution Day event to take on the Opposition for […]

demonetisation
India

DEMONETISATION COURAGEOUS EXPERIMENT, PROUD TO HAVE SUCH PM, SAYS AMAR SINGH

Nov 26, 2016 - 3:14 pm EST @theindpanorama 0

VARANASI (TIP): Samajwadi Party leader Amar Singh has hailed Prime Minister Narendra Modi‘s demonetisation move as a “courageous” experiment to eliminate black money, corruption and counterfeit currency. Though it was implemented without making “proper arrangement”, […]

demonetisation-hurts-sales-auto-industry-cuts-production
Business & Economics

Demonetisation hurts sales, auto industry cuts production

Nov 26, 2016 - 1:00 pm EST @theindpanorama 0

NEW DELHI (TIP): A decline in sales is prompting automobile companies to slash production as demonetisation has adversely impacted buyer sentiment and hit footfalls at showrooms. Few companies were willing to talk on record over […]

Ravi Batra
Featured

DEMONETIZATION: NRIs concerned over changing old currency notes

Nov 22, 2016 - 12:14 pm EST Ravi Batra 1

There has been a spate of mixed reactions from the NRIS living in America after India‘s Prime Minister Narendra Modi has imposed nation-wide ban on existing Rs. 500 and Rs. 1000 notes in a move […]

drama-as-farce
Featured

Cashless is painful: Address the panic in the street

Nov 19, 2016 - 12:14 pm EST @theindpanorama 0

Post-demonetization, the country is in a state of economic convulsion. To keep it from turning into a social seizure, the government has appealed to patriotic fervor, raising every notion from the soldier’s suffering to the […]

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