ter supporting demonetisation initially, Andhra Pradesh Chief Minister Chandrababu Naidu today appeared to be having a second thought saying this is not what they wished for and that the solution to problems due to the note ban remained elusive even after 40 days. Chandrababu, who significantly heads a 13-member committee appointed by the central government to look into demonetisation issues, warned that unless remedial measures are taken, people’s woes would […]

The maid who cooks for us seemed bemused, as if she could not make up her mind whether to be sad or happy. A little coaxing brought out the story. Her young married daughter had come to her distraught. She had been squirrelling away little bits from what her husband gave her every month to run the household. Over the last few years this had become what, to her, was […]

PM Modi says after notes ban, will clean up real estate Bihar Chief Minister had said this is essential Nitish Kumar is a rare opposition supporter of notes ban Prime Minister Narendra Modi today told his party that there will be no let-up in his mission to nail tax evaders : with high-denomination notes cancelled,  he said his next crackdown will be on benami or proxy-owned property.   When he […]

Mr Owaisi said the revolution that Mr Modi was dreaming to bring would never happen as it had pushed people into distress. AIMIM president Asaduddin Owaisi on Monday accused Prime Minister Narendra Modi of being a “tyrant”, who caused a havoc in every house through his demonetisation drive. Addressing a public meeting organised on the occasion of Milad-un-Nabi at the party headquarters at Darus-salam in the city, Mr Owaisi said […]

If demonetisation fails, I will take the blame, Modi had reportedly told the Cabinet. In the past month, there has been plenty of debate on the pros and cons of demonetisation, the most radical monetary reform since Prime Minister Narendra Modi came to power in 2014. However, what has remained buried under a shroud of mystery until now is the identity of the brains behind the policy. Now, in a […]

Experts said that the poor people will be impacted badly due to demonetization decision. The demonetisation move was going “to damage the economy in long term” and cash-less digital payment system “may not be helpful as being thought”, experts said on Monday. In a discussion on ‘State of the Indian Economy’, organised by India International Centre and Working Group on Alternative Strategies, the experts expressed serious concerns over efficacy of […]

As hundreds of people pour in to pay their last respect to Amma, as I begin to write my tribute to Jayalalithaa, myriad of images come to my mind, the graceful dancer, extremely successful filmstar, the gutsy politician, the woman who dared to successfully challenge a male bastion, a slightly autocratic leader but always the one who never lost her touch with people, with th masses. It is the crowd […]

The Narendra Modi government may not get the desired result post demonetisation of high-value notes as the banks have till now received about nearly Rs 10 lakh crore worth of scrapped notes, and numbers may surge with still three weeks to go for the deadline to deposit invalidated 500 and 1,000 rupee notes. According to a Times of India report, Centre estimated that demonetisation might flush out about Rs 3 […]

President-elect Donald Trump warned on Thursday that American companies would face “consequences” for outsourcing jobs abroad, as he touted his early success in persuading an air conditioner maker to keep about 1,000 jobs in the United States rather than move them to Mexico. “Companies are not going to leave the United States anymore without consequences. Not going to happen,” the Republican said on a visit to a Carrier Corp plant […]

The biggest tax reform in decades – the national Goods and Services Tax or GST – has been thoroughly jeopardized by the centre’s abrupt demonetization drive, said Amit Mitra today. As the Finance Minister of West Bengal, Mr Mitra is on the GST Council, which is drafting the rate and scope of the tax. He told NDTV that the April rollout of the tax seems unfeasible now and he will […]