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India demonetisation News

29 Nov 2018

True feelings, finally: Congress targets Modi as Arvind Subramanian slams DeMo

The former CEA says he does not think anyone disputes that demonetisation slowed growth.

29 Nov 2018

Demonetisation a massive, draconian, monetary shock: Arvind Subramanian

Breaking his silence on the November 8, 2016 decision of Prime Minister Narendra Modi, he says that he does not have a strongly-backed empirical view apart from the fact that the welfare costs, especially on the informal sector, were substantial.

08 Nov 2018

FM justifies Demonetisation, says Indian economic system needed a shake-up

Refusing claims that almost the entire cash money got deposited in the banks, Jaitley in a Facebook post wrote that confiscation of currency was not an objective of Demonetisation.

PM Narendra Modi Live

27 Mar 2019

PM Modi's demonetisation speech on 8 November 2016: Read full text

Read the full text of Prime Minister’s address to the nation on 8 November 2016.

08 Nov 2017

PM Narendra Modi's full speech during which he announced demonetisation - Watch

Prime Minister Narendra Modi in a surprise televised announcement on the evening of November 8, 2016 said that the 500 and 1,000 rupee notes would cease to be legal tender.

07 Nov 2017

A year after demonetisation – Read Arun Jaitley's full post

Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs 1,000 notes on November 8 last year, in a surprise move.

India's economic momentum

11 Oct 2017

Cash disruption, GST uncertainties affected India's economic momentum: World Bank

A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia.

05 Oct 2017

Surge in digitisation an outcome of RJio not demonetisation: Paytm CEO

The jump in digitisation witnessed in India is not an outcome of demonetisation but because of Reliance Jio's onslaught on data prices, Paytm founder and CEO Vijay Shekhar Sharma said.

Prime Minister Modi

25 May 2017

PM Modi's demonetisation move gave Rs 5 lakh crore advantage to Indian economy: Report

PM Modi on November 8 last year had announced demonetisation of Rs 1,000 and Rs 500 notes in a major assault on black money, fake currency and corruption.

05 Dec 2016

India's services sector contracts on cash shortage; worst in 3 years

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector companies on a monthly basis, stood at 46.7 in November, down from 54.5 in October. A reading above 50 means the sector is expanding while a score below this mark signals contraction.

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