He said, "Post-demonetisation that number went close to 54-55 per cent but it has now come back to 45-46 per cent".
Sharma wondered what the note ban decision had achieved as 99 per cent of the money had been returned, and accused the prime minister of "changing the narrative" on the issue. It was believed that the amount of currency which did not get back to the banking system may be termed as black money. "Shame on RBI which "recommended" demonetisation", the former finance minister said.
The major opposition party, Congress, that has always been opposing and criticizing the demonetization move has again took a swipe at central government by calling it a "debacle" and "failure". The study done by RBI shows that the rate of FICN detected per million pieces of notes processed at the currency chest level at 7.1 pieces for Rs. 500 denomination and 19.1 pieces for Rs. 1000 denomination, which were higher than the rate of detection at the Reserve Bank (5.5 pieces for Rs. 500 and 12.4 pieces for Rs. 1000).
However, government showcased it as one of the bold decision and BJP president Amit Shah had claimed, "In next 50 days not a penny of black money will remain in our banking system".
However, horrific is the manner in which demonetisation was unleashed on an unsuspecting country that trusted its leader, Narendra Modi, to take all the right decisions in their favour. He inflicted misery upon the people of India, wrecked the country's economy.
This is a fact that even his top bureaucrats who were responsible for drawing the demonetisation blueprint did not expect the entire cash to come back to the system. The poor suffered the most.
On being asked whether demonetisation succeeded in cracking down on black money, Jaitley replied, "It has brought a large scale of unaccounted wealth into the mainstream..."
Another stated aim of the demonetisation drive was to increase the tax base. "India can never forgive Modi govt for this anti-national act", he tweeted.
The absurdity of this argument now stands exposed.
"Utterly failed Demonetisation is nothing but a disaster in which 104 innocent people were killed while "Corrupt" made "Windfall Gains".
The Congress said the prime minister should apologise for demonetisation as it had inflicted "misery" on the people and dealt a "body blow" to the economy.
The Congress party on Friday slammed the government over demonetisation and asked Prime Minister Narendra Modi to stop spreading false propaganda, after the GDP of the country plunged to a three-year low.
The RBI annual report said that "subject to future corrections based on verification process when completed, " the estimated value of the banned notes it "received" was Rs15,28,000 crore. The RBI yesterday said about 99 per cent of Rs 15.44 lakh crore demonetised currency came back into the system.
In other words, they could always ensure that any shift from currency to bank deposits forced upon them by the government could be made to impinge to the required extent on their "white" transactions and not on their "black" transactions, so that their total business, taking both "white" and "black" operations together, was not affected.
In his Independence Day speech this year, Prime Minister Modi said that more than Rs 1.75 trillion deposited in banks after demonetisation was under the scanner.
Secretary General, to work to end the discrimination against Israel in some branches of your organization". Besides Israel and the Palestinian territories, Macron said the trip will include Lebanon and Jordan.
After opening preorders last Sunday, Microsoft now says the Xbox One X is the "fastest-selling Xbox pre-order ever". The partner retailers of Microsoft will soon drop the console when they run out of stock as well.
The U.S. -led coalition said Wednesday it struck a roadway being used by a Daesh convoy fleeing to territory it controls. Any strike will be in accordance with " the law of armed conflict ", Dillon said.
Temperatures were well above average in most of San Diego County Sunday amid a heat advisory from the National Weather Service . Highs in El Cajon and Escondido are expected to reach 102, which would match the records in both cities for the date.
Given that more than 50% of the company's revenues are generated by the iPhone, it's disturbing news, especially for shareholders. Their sources confirmed that the company will be unveiling three iPhones, one of which will be the highly anticipated iPhone 8 .
The two new lawsuits claim the ban violates the Fifth Amendment's due process clause and discriminates on the basis of sex. Army who has served for more than 12 years; the Human Rights Campaign; and the Seattle-based Gender Justice League .
Cabrera shoved Romine and traded punches, causing the team benches to clear and leading to several side incidents that broke out. Iglesias had three hits and drove in four runs, while Justin Upton and McCann hit solo homers for Detroit (55-71).
Increases in personal consumption expenditures (PCE) and in nonresidential fixed investment were larger than previously estimated. The economy grew 2.1% in the first half of 2017 but economists said it was unlikely growth this year would meet Trump's goal.
Those who have purchased tickets to the game can get a refund; if not, the money will still go to the relief fund. The Dallas Cowboys confirmed that Thursday's preseason finale with the Houston Texans has been canceled.
While he has power he watches his opponents and looks for weaknesses early and then goes for the power punch. Smaller bets are going on McGregor with UFC fans backing up their loyalty with their wallets.
In 2008, Hurricane Ike forced the Astros to shift a pair of games against the Cubs from Houston to Miller Park in Milwaukee. Plus, Rangers general manager Jon Daniels suggested it would have been unfair to fans with tickets to the September series.
Trump has been a vocal opponent of the deal, which he and his conservative supporters criticize as being too soft on Iran. An Israeli military strike may be the only option left to effectively derail Iran's nuclear program, former U.S.
Like other bravehearts, Ali climbed the colony's iron barricade and jumped into the water to rescue those trapped in the cars. The Fire Brigade and National Disaster Response Force teams arrived later and fished out vehicles with the help of cranes.
Last week, Uber said its sales reached $1.75 billion in the second quarter, up 17 per cent from the previous quarter. Khosrowshahi also revealed how Kalanick insisted that all of their phone calls were carried out over FaceTime.
Pat Cummins scored an unbeaten 33 down the order to inject some drama but it was not enough as Australia were all out for 244. He was also given a steady support from Australian skipper Steven Smith, who fell right after Warner's dismissal, for 37.
The military has conducted three tests in total, but during a test in June, the interceptor failed as a result of human error. Sailors aboard the destroyer USS John Paul Jones tracked it with radar and fired an interceptor missile to shoot it down.
It continued, "Mattis did not reverse Trump or defy him on the broader ban against new recruits who are transgender people". Now, with Mattis' directive in hand, the Pentagon has six months to prepare before the ban is implemented.
This is the closest any Android smartphone user can get to Android Oreo without rooting the phone or owning a compatible device. Inside of version 9.60 for Google Maps , Picture-in-Picture (PiP) support appears to be live for folks running Android 8.0.
But the USA delegation refrained from committing to a two-state solution - the primary focus of peace efforts for decades. "We want to work toward a peace that both sides can agree to and that both sides find sustainable.
They are seeking an end to Israeli settlement construction and also want the U.S.to support the creation of the Palestine state. Kushner heard out the Palestinian leader's demands and postponed any responses for the next meeting they have.
Most of the Jaguars' players say they are comfortable with either Henne or Bortles as the starter for the regular season. Asked how he thought the quarterback competition would turn out this upcoming week, Bortles said he had no idea.