Tag: Demonetisation

PM announces welfare schemes for expectant mothers, farmers, traders, and senior citizens

PM announces welfare schemes for expectant mothers, farmers, traders, and senior citizens

India, Politics
NEW DELHI:  Prime Minister Narendra Modi addressed the nation here today on various issues including demonetisation’s benefits and its impact on the society. In his 45 minutes speech, he spoke on the demonetisation, which he announced during his last address to the nation on November 8, with a view to curb the black money.  While addressing the nation he said that, since Diwali, our nation has been witness to a “shudhi yagna” (rite of purification).  He went on to say that, the 125 crore Indian showed the patience and discipline. Their patience and firmness will surely play a critical role in shaping the future of the nation for the years to come.  He thanked the country for their support in his demonetisation move. He also said that his effort is to make the banking operation normal as so
PM Narendra Modi to address the nation on 31 December

PM Narendra Modi to address the nation on 31 December

India, Politics
New Delhi (GN News) ---The Prime Minister of India is likely to address the nation on the last day of the year 2016. Earlier in his address to the nation on 8th November, the Prime Minister had announced the demonetization of ₹ 500 and ₹1000 notes.  Now the forthcoming Prime Minister's address to the nation has become a subject of curiosity and public debate. Nobody knows what the PM’s speech will be about on the eve of New Year, but from political circles to media have started speculating the theme of PM’s public address. The Majority of the experts are of the view that, this address may be a stock-taking of the demonetisation announced during his last address to the nation. PM Modi may make a big announcement on the benefit of demonetization, the market’s worsening situation and Benami p
Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016

Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016

Economy
New Delhi (PIB News) ---The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of the cancellation of the legal tender character of these notes. It is expected that, by now, most of the people would have deposited such old notes in their possession. Keeping this in view and to reduce the queues in the banks, it has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016. The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier. Amounts of Rs.5000 or less may continue to be deposited with banks in the customer’s account, as at pre
MPJ Urges Maharashtra Government to Provide Food Security to People Affected by Demonetisation

MPJ Urges Maharashtra Government to Provide Food Security to People Affected by Demonetisation

Economy
Mumbai--- Movement for Peace and Justice for Welfare(MPJ), a public movement working for the betterment of the society has demanded to provide food security to the people affected by the government’s move of demonetization. MPJ is of view that, the state of Maharashtra is in the grip of severe crisis due to the demonetisation. Muhammad Siraj, President of the organisation says that “there is a disaster like situation for the citizens in general and the people belonging to the economically weaker sections in particular. The life of daily wage earners has become miserable. The unorganised labourers are worst sufferer. They are losing jobs, as their employers have no cash to pay the wages. This demonetisation has put a big question mark on their existence, as the majority of these low wage ea