Explorer

Jan Man Dhan: 'Cash equals black money & vice versa is PM's biggest illusion,' says Singhvi

New Delhi: Cash equals black money and vice versa was Prime Minister Narendra Modi 's biggest illusion, said Congress' Abhishek Singhvi on Monday during Jan Man Dhan conclave of ABP News. One year of notes ban will going to be complete on 8th November and just before its completion, ABP News held an event Jan Man Dhan on how the country benefited from the demonetisation. Countering Congress, BJP's Sambit Patra said, "Money deposited in banks being investigated." Supporting demonetisation Patra added, "Number of POS machines have increased to 30 lakh from 15 lakh in one year" and added, "Stone pelting (after notes ban) is down by one-fourth." About Demonetisation: On '8 November 2016', the Government of India under PM Narendra Modi announced the demonetisation, commonly called notebandi, of all ₹500 and ₹1,000  banknotes of the Mahatma Gandhi Series. The Modi government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism. However, sudden nature of the announcement—and the prolonged cash shortages in the weeks that followed—created significant disruption throughout the Indian economy, threatening economic output.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Breaking News Live: PM Modi To Hold Roadshow In Palakkad On Tuesday
Breaking News Live: PM Modi To Hold Roadshow In Palakkad On Tuesday
Mumbai To Face 15% Water Cut Today, Says BMC — Here's Why
Mumbai To Face 15% Water Cut Today, Says BMC — Here's Why
Union Min Pashupati Paras Likely To Resign From Modi Cabinet After BJP Leaves Him Out Of NDA Seat-Sharing
Pashupati Paras Likely To Resign From Modi Cabinet After BJP Leaves Him Out Of NDA Seat-Sharing
'He Doesn't Like My Words, Twists Them': Rahul Gandhi After PM Modi's 'Shakti' Attack
'He Doesn't Like My Words, Twists Them': Rahul Gandhi After PM Modi's 'Shakti' Attack
Advertisement
for smartphones
and tablets

Videos

Electoral Bonds Case: By When Will The Parties Enjoy Donation Benefits? | ABP NewsElectoral Bonds Case: Will The Reality Behind Donations Be Out Soon? | ABP NewsElectoral Bonds Case: Will State Bank Of India Provide Supreme Court With Data? | ABP NewsElectoral Bonds Case: Is This The Matter Of Donation Or Some Electoral Power? | ABP News

Photogallery

Embed widget