New Delhi, July 6: The Enforcement Directorate has accused a former Congress MLA, Rajesh Jain of making illegal money transactions of nearly Rs 8 crore and using fake bank accounts at the time of demonetisation.
A year has gone by since the decision on demonetisation was made. Prime Minister Narendra Modi announced on November 8 2016 in an address to the nation that the Rs 500 and 1,000 notes would no longer be legal tender.
The National Investigation Agency has seized a whopping Rs 36 crore in demonetised currency while probing the Kashmir terror funding case. The money was seized from various quarters.
I had to do it, because Indira Gandhi did not, Prime Minister Narendra Modi said while defending the decision on demonetisation. Burning my effigies will not deter me from carrying out a fight against corruption and black money, Modi also said at a rally in the poll bound Himachal Pradesh.
In what is undoubtedly a major breakthrough in its fight against black money and shell companies, vital information has been received by Government of India from 13 banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year. It may be recalled that after being struck off, operation of the bank accounts of these 2,09,032 suspicious companies were restricted for discharge of their liabilities only.
The economy is on a downhill path, thanks to an adventure called demonetisation, said former Prime Minister of India, Dr Manmohan Singh. It was not required at all, either technically or economically, he added.
Former Prime Minister, Dr Manmohan Singh said that hasty implementation of GST and demonetisation had adversely impacted GDP growth.
Almost 99 per cent of the demonetised currency notes has returned to the banking system. This was an indication given by the RBI which put out data on its website. According to the data on the Rs 1,000 notes, almost 99 per cent of the currency in circulation came back into the banking system.
A plea has been filed in the Supreme Court seeking to allow the Sri Tirumala Tirupati Venkateshwara temple to exchange Rs 8.29 crore of demontised notes. The plea says that the notes donated by devotees in demonetised currency needs to be exchanged and hence a directive be issued to the government.
The new Rs 20 notes will soon be issued by the Reserve Bank of India. The new series notes will be similar to the ones already in circulation.