How the RBI Dodged RTI Appeals For Minutes Of Meeting On Demonetisation.

After two years of stubborn refusal to part with any details regarding the minutes of its board meeting on demonetisation, the RBI has demonstrated its sheer disdain for the RTI Act. While India’s leaders make a mockery of the constitution and the economy, the Reserve Bank of India made a mockery of the Right to […]

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PM Narendra Modi credits demonetisation for making homes affordable to youth

 Prime Minister Narendra Modi on Wednesday credited his government’s demonetisation decision for bringing down prices of houses and making them affordable for the aspiring youth He also said that if the previous governments had to do the work that he has done so far, they would have needed “25 more years” for it The prime […]

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PIL seeks to quash TN govt order on bus fare hike

 A public interest litigation (PIL) has been filed in the Madras High Court, seeking to quash an order of the Tamil Nadu government, hiking the bus fares from January 20. The petition, filed by one V Munikrishnan, is likely to come up for hearing tomorrow. Munikrishnan submitted that he came to know through the print […]

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Indian economy on ‘very solid track’: IMF chief Christine Lagarde

Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a “very solid track” in the mid-term. “Turning to India…we have slightly downgraded India; but we believe that India is for the medium and long-term on a […]

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‘Rs 5,400 cr worth of undisclosed income detected’

A whopping Rs 5,400 crore worth of “undisclosed income” has been detected by law-enforcing agencies till January 10 since demonetisation came into force last November, the government has told the Supreme Court. It also made references to “various malpractices” which came to fore post demonetisation, including the use of old currency notes for buying gold. […]

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Court dismisses banker’s anticipatory bail plea

A special court dismissed today the anticipatory bail plea of a private bank official, who was arrested by the Enforcement Directorate (ED) in connection with a fraud case post demonetisation, in a related cheating case. Special Judge Poonam Chaudhry denied the relief to 32-year-old Vineet Gupta, a branch manager in Axis Bank’s Kashmere Gate branch […]

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Demonetisation puts probe agencies in a fix

Probe agencies like CBI and NIA have found themselves in a piquant situation following demonetisation of old Rs 500 and Rs 1,000 notes, taking varying stands in different courts on whether to keep the seized crime money with them to safeguard evidence or deposit the currency to save them from becoming worthless. The dilemma is […]

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Demonetisation, Tatas, drugs ban kept Delhi HC busy in 2016

A large number of PILs on issues relating to demonetisation and litigations involving Tatas over management and operation of its JV airline AirAsia India and the iconic Taj Mansingh hotel in the heart of capital were among major financial and corporate cases handled by the Delhi High Court in 2016. The high court, which was […]

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Delhi HC adjourns sine die pleas against demonetisation

Delhi High Court today adjourned indefinitely the hearing on pleas challenging the Narendra Modi government’s demonetisation move after it was informed that the Supreme Court has stayed all proceedings pending before different courts on related issues. “The Supreme Court is seized of the issue and has also stayed the proceedings on pleas challenging the November […]

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Madras HC dismisses PIL against demonetisation

The Madras High Court today dismissed a PIL seeking a direction to the Union government to declare the notification on demonetisation as illegal and ultra vires to provisions of the Reserve Bank of India Act. When the PIL filed by Suchitra Vijayan, barrister-at-law, came up earlier, the court said counsel for the Union government had […]

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