Free Press Journal
  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    The RBI points to very crucial chinks

    The latest annual report of the Reserve Bank of India (RBI) is quite candid about its assessment of demonetisation. More cash has come back into the system than had been envisaged earlier. The pace of increase in digital payments has slowed down. And while the RBI does not mention it, the absurdity of having e-commerce and digital payments under the IT ministry and not under the finance ministry continues to baffle experts.

  • Modi Hatao does not sell

    The national executive meeting of the BJP in the capital at the weekend underlined the gung-ho mood of the party. It seems that the leadership has decided that the coming parliamentary poll is as good as sewn up already. If the party president Amit Shah talked of not only winning the 2019 contest but ruling for the next fifty straight years, other leaders echoed him, sounding as if the BJP was invincible.

  • Demonetisation a disaster, discard Rs 2000 notes, says Andhra Pradesh CM Chandrababu Naidu

    Amaravati (Andhra Pradesh): Terming demonetisation as a disaster, Andhra Pradesh Chief Minister Chandrababu Naidu demanded the abolition of Rs. 2000 currency note. Addressing a party workshop on Wednesday, Naidu said that he had suggested that making digital currency is much cost effective than physical currency but the government could not properly implement it.

  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    RBI holds mirror to government on demonetisation

    Against all available evidence, the government continues to claim that demonetisation has met its objectives ‘quite substantially’. The Opposition, on the other hand, says demonetisation was a complete failure. Apart from causing a massive liquidity crunch which led to months of hardship, closure of businesses in unorganised sectors of economy and job losses to millions of workers, demonetisation, according to the Opposition, also brought down growth by 1.5 per cent of GDP.

  • People have more cash today than prior to demonetisation, says Chidambaram

    New Delhi:  Backing Congress President Rahul Gandhi’s assertion that demonetisation was the biggest scam in India, former Finance Minister P. Chidambaram on Friday said that people have more cash in hand today than prior to demonetisation.

  • What penance will Narendra Modi initiate for ‘failed’ note-ban, asks Shiv Sena

    Mumbai: In the wake of RBI’s report that said 99.3 per cent of the junked notes returned to the banking system, the Shiv Sena on Friday sought to know what penance Prime Minister Narendra Modi would undertake for plunging the country into “financial anarchy” through demonetisation.

  • Demonetisation has affected Gandhi family the most, says BJP

    New Delhi: The Bharatiya Janata Party (BJP) on Thursday said that the Congress president Rahul Gandhi is criticizing demonetisation because it was adversely affected by the currency swap. BJP spokesperson Sambit Patra while addressing a press conference here accused the Gandhi family of looting public money and said that the Congress is creating the brouhaha because all the money they looted became worthless post demonetisation.

  • rupee-notes

    DeMo achieved objectives quite substantially: Govt

    New Delhi : The government on Wednesday said demonetisation has achieved the objectives “quite substantially” as it helped curb black money flows, even as the RBI data showed that 99.3 per cent of junked notes came back to the banking system.

  • Demonetisation achieved its objectives quite substantially: Finance Ministry

    New Delhi: The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives “quite substantially”, even as the RBI report outlined that 99.3 per cent of junked notes came back to banks. Talking to reporters here, Economic Affairs Secretary S C Garg said objectives of the note ban, like checking black money, terror financing, promoting digital transaction and weeding out fake currency notes have been achieved.

  • BJP MPs stall adoption of contentious draft report on demonetization

    New Delhi : BJP MPs of a parliamentary panel, of which former prime minister Manmohan Singh is also a member, have stalled the adoption of its contentious draft report on demonetisation that is critical of the Modi government’s note-ban decision.

  • demonetisation atm

    Woman gives birth to a boy in ATM queue during demonetisation, her family to launch SP’s cycle yatra

    Lucknow: Keen to score a political point, Uttar Pradesh’s opposition Samajwadi Party has chosen the family of two-year-old Khajanchi, who was born outside an ATM shortly after the Centre’s demonetisation move, to flag-off its over 40-km ‘Haq aur Samman Yatra’ being carried out in the run-up to the 2019 Lok Sabha polls. And the family of another tiny-tot, Akhilesh, who was born on a state highway last year, will mark the closing of the

  • New currency unfriendly for visually-impaired citizens

    Mumbai: Despite meeting Reserve Bank of India (RBI) officials and writing to the central government, the visually impaired still feel unheard. After repeated reminders and mails, the authorities have not been able to make the new currency— Rs 2,000, Rs 500 and Rs 200— friendly for the visually-impaired.

  • BJP will get ‘demonetisation-like’ jolt in 2019 Lok Sabha elections: Shiv Sena

    Mumbai: The Shiv Sena on Thursday predicted that the Bharatiya Janata Party (BJP) will get a ‘demonetisation-like’ shock in the 2019 Lok Sabha elections. It said that winds of changed in favour of the opposition alliance were blowing in almost all the states and that people had “made up their minds since one-and-half years” to give a big jolt to the BJP.

  • Hyderabad firm with ghost address deposits Rs 3,178 cr

    Mumbai : Serious Fraud Investigation Office (SFIO) is probing a company that deposited and withdrew Rs 3,178 crore in the banks after the demonetisation and has ghost registered address at Erragadda in Hyderabad.

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