LIVE NOW Updated: November 25, 2016, 9:53 PM IST
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No Cash Crunch, But it Has to Reach People's Hands, Says Govt

News18.com | Published: November 25, 2016, 9:04 AM IST
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Union Commerce Minister Nirmala Sitharaman, in an interview to CNN-News18, said that there is no cash crunch but the cash has to reach perople's hands. She also said it is because of this bold measure that the Indian economy is cleaner and globally the currency is fluctuating.

"People are slowly evolving towards technology such as e-wallets," said the minister.

She admitted the lack of small denomination notes hit the vegetable mandis, but things have changed with the 500 notes coming in. She further added that the labour-intensive sectors are a cause of concern as bank accounts need to be opened.

She urged the Opposition to come and debate.

Stay tuned for LIVE updates

Nov 25, 2016 8:02 pm (IST)

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Nov 25, 2016 6:56 pm (IST)

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We are constantly telling the opposition to come and debate, says Nirmala Sitharaman


Nov 25, 2016 5:54 pm (IST)

This is an essential step to make economy cleaner, says Nirmala Sitharaman


Nov 25, 2016 5:53 pm (IST)

Labour intensive sectors are a cause of concern as bank accounts need to be opened, says Nirmala Sitharaman


Nov 25, 2016 5:52 pm (IST)

The lack of sufficient small denomination notes hit the vegetable mandis, but things have changed now with 500 notes coming in, says Nirmala Sitharaman


Nov 25, 2016 5:36 pm (IST)

Leader of Congress in Lok Sabha, Mallikarjun Kharge accused the Prime Minister of "selective leakage" of demonetisation move to his own partymen, who converted their black money through property and other avenues.

 


Nov 25, 2016 5:31 pm (IST)

Nov 25, 2016 5:30 pm (IST)

Nov 25, 2016 4:58 pm (IST)

Nov 25, 2016 4:47 pm (IST)

Nov 25, 2016 4:47 pm (IST)

Nov 25, 2016 4:35 pm (IST)

Nov 25, 2016 4:22 pm (IST)

Nov 25, 2016 3:53 pm (IST)

Congress party today is standing with the people who have black money: Anurag Thakur


Nov 25, 2016 3:52 pm (IST)

Rahul’s attendance in LS is a mere 40%, and he is questioning Prime Minister Narendra Modi: Anurag Thakur


Nov 25, 2016 3:52 pm (IST)


I am challenging Rahul Gandhi for an open discussion on black money: Anurag Thakur


Nov 25, 2016 3:37 pm (IST)

New notes worth 25 lakhs looted in Bihar


Nov 25, 2016 3:28 pm (IST)


Guru Gobind ji Maharaj fought cruelty with bravery, gave msg of unity to the people. We have to inspire present generations to follow same: PM Modi


Nov 25, 2016 3:23 pm (IST)


PM Modi Pays Obeisance at Anandpur Sahib Gurdwara


Nov 25, 2016 3:17 pm (IST)

Nov 25, 2016 3:00 pm (IST)

Person carrying huge amount of old currency notes detained in Dimapur airport. He was coming by Air India flight from Kolkata. CISF detained him after input received from higher authorities. Dy Commissioner Income Tax, Guwahati and a team is questioning him inside Dimapur Airport.


Nov 25, 2016 2:56 pm (IST)


Just before Demonetisation BJP purchased properties worth crores in Bihar & other areas to turn black money into white: Rajeev Surjewala, Congress 


Nov 25, 2016 2:38 pm (IST)


Rajya Sabha adjourned till Monday minutes after it reconvened


Nov 25, 2016 2:34 pm (IST)


Opposition leaders reaches the well of the House and chant slogans in Rajya Sabha


Nov 25, 2016 2:31 pm (IST)

Rajya Sabha reconvenes amid uperoar


Nov 25, 2016 2:27 pm (IST)

Nov 25, 2016 2:22 pm (IST)


People are dying for their own money; this is the situation we want to discuss in the house with PM: Mallikarjun Kharge


Nov 25, 2016 2:19 pm (IST)


Not only opposition in fact PM laid allegations on half of the Parliament member: Mallikarjun Kharge


Nov 25, 2016 2:19 pm (IST)

We even requested the speaker to ask the PM to come in house and raise his concerns we will reply to his concerns too: Mallikarjun Kharge

 


Nov 25, 2016 2:17 pm (IST)

If PM Modi believes in democracy then he should come to the House and fulfill our demands: Mallikarjun Kharge.


Nov 25, 2016 2:11 pm (IST)

Nov 25, 2016 2:10 pm (IST)

Raghav Chadda hits on PM Modi in a Press Conference

PM has turned RBI into BJP spokesperson which has no credibility. 

We request the Modi Govt to pls tell us how many BJP leaders and ministers managed to turn their black money into white.

One senior central minister in the Modi Govt bought 300 acres of land in Haryana by paying in cash. Please tell us who has done it. 

PM Modi is responsible for reducing the credibility of RBI.


Nov 25, 2016 2:06 pm (IST)

Income Tax is also conducting a search at his residence of two managers of Axis Bank. I-T department is conducting these searches after two people were caught in Delhi with Rs3.5 cr (New Currency) in Delhi. In their statement, they have admitted that the conversion was done with the help of these two managers. Sources reveal that they took a commission for conversion in the form of gold bricks.


Nov 25, 2016 2:01 pm (IST)


Harish Salve to CNBC TV: Need To Fix Things That Create Corruption & Black Money, Need Administrative Reforms In Real Estate


Nov 25, 2016 2:01 pm (IST)

Banks target to recalibrate 12000 ATMs per day


Nov 25, 2016 2:00 pm (IST)


Income Tax is currently conducting a raid at the Kashmere Gate Branch of Axis Bank 


Nov 25, 2016 1:46 pm (IST)

Former RBI director Vipin Malik speaks to CNN-News18 on the issue of Two type of new Rs 500 notes

 

*Govt is using the best machines to print the notes. Whenever such imperfection is seen automatically machines throws out the paper.

* There are prescribed officers who see each note in the sheet if the machine slips the imperfection.

* There is zero intolerance for imperfection.

* If large number of notes are imperfect then there should be investigation and culprits should be punished.

* It’s a matter of deep concern.


Nov 25, 2016 1:41 pm (IST)

 

Govt is using the best machines to print the notes. Whenever such imperfection is seen automatically machines throws out the paper, says Former RBI director Vipin Malik to CNN-News18


Nov 25, 2016 1:20 pm (IST)

 It is an act of being coward to speak in the same premises of Parliament but not inside the House. He wants to give shield to black money people: Verrappa Moily


Nov 25, 2016 1:18 pm (IST)

Nov 25, 2016 1:07 pm (IST)

Nov 25, 2016 12:58 pm (IST)

Nov 25, 2016 12:51 pm (IST)


PM should come to the house and be a part of the debate. Earlier he use to smile and now he has been crying: Rahul Gandhi 


Nov 25, 2016 12:44 pm (IST)

 

PM Modi speaks on demonetisation

 

*  I want to stop the loot and harassment of middle class.

*  Pushes for Digital currency

*  You can make your mobile phone as your bank and wallet.

* Even if you do not have a single rupee in your pocket but if you have money in your account you can pay your bills without even touching your wallet.

* Schools, land purchasing, hospitals everyone asks some part to be paid in cash and some in cash.

* New currency slowly is coming in with the ban on old notes.

* People who have faced the problems for the support I have no words to express my gratitude for it.

* Those days are when we had to fill your pocket with money.

* Fake currency has destroyed the lives of our country youth.

* It was the demand of the time to curb the fake note issue.

* I request you all to stand with me in this movement.

 

 

 


Nov 25, 2016 12:38 pm (IST)


Lok Sabha adjourned till Monday after uproar in the House as Opposition storms the well demanding PM's apology over his remark.


Nov 25, 2016 12:32 pm (IST)

PM Modi inaugrate AIIMS in Bhatinda

*  For me, elections do not matter. I am more concerned about the welfare of the farmers.

* People need better social infrastructure for a better life. Central and Punjab Govt is working together for the betterment of social infrastructure.

 

* It is a result of our efforts that AIIMS is being built in Bhatinda. 

 

* We inaugurate our work in our own term. 

 

* Indian govt these days set a time limit for projects and some of them have even been completed before time.

 

* If you want to fight then fight against corruption, well-being of poor people but dont fight against India, Says Modi to Pakistan.

 

* Pakistan was rattled by surgical strike.

 

* When school in Peshawar was attacked every Indian was sad; People of Pakistan should tell their rulers to fight corruption,fake notes.

 

 

 

 

* My farmers have the right over the water that flows through Indus, will strive to get that water back.

 

* Pakistan should fight against corruption, not India

 

 

 

 


Nov 25, 2016 12:29 pm (IST)


PM Narendra Modi speaking at the inauguration of AIIMS in Bathinda (Punjab)


Nov 25, 2016 12:23 pm (IST)

RECALIBRATING ATMs MORE CASH


Nov 25, 2016 12:18 pm (IST)

SC Adjourns Demonetisation PILs to Dec 2

Supreme Court has adjourned the hearing of the demonetisation issue to December 2 when it will examine what steps need to be taken to reduce inconvenience to the people. The other issues to be examined by the apex court on that day include whether all the 24 PILs pending in various High Courts should be transferred to Delhi High Court and whether the RBI notification on demonetisation was constitutional or not. 


Nov 25, 2016 12:07 pm (IST)

PM has insulted the opposition and he should come and apologise for it, demands Ghulam Nabi Azad in Rajya Sabha


Nov 25, 2016 12:06 pm (IST)

Rajya Sabha adjourned till 2:30 pm minutes after reconvene


Nov 25, 2016 12:05 pm (IST)

PM's Jibe on Opposition creates row in Parliament


Nov 25, 2016 12:03 pm (IST)

Rajya Sabha reconvenes 


Nov 25, 2016 11:49 am (IST)

Nov 25, 2016 11:43 am (IST)

Person tries to jump off Lok Sabha building allegedly over the Demonetisation issue. He was trying to raise slogans but security officials shut his mouth.

 

 


Nov 25, 2016 11:35 am (IST)

Nov 25, 2016 11:23 am (IST)

Oppositions continuous sloganeering forces adjournment of both the House till noon


Nov 25, 2016 11:20 am (IST)

Meanwhile Finance Minister in Lok Sabha defends note ban


Nov 25, 2016 11:18 am (IST)

PM must apologise for his comment, demands Opposition


Nov 25, 2016 11:17 am (IST)

PM targeted the opposition unfairly, says Mayawati


Nov 25, 2016 11:14 am (IST)

Opposition continues to shout slogans during question hour in Lok Sabha


Nov 25, 2016 11:14 am (IST)

What kind of preparedness is this that two types of 500 notes are there, asks Pratap Singh Bajwa


Nov 25, 2016 11:13 am (IST)

How can PM allege that Opposition parties are in favour of black money; this is wrong: Ghulam Nabi Azad in RS


Nov 25, 2016 11:10 am (IST)

Members of the ruling party raise slogan against Opposition


Nov 25, 2016 11:08 am (IST)

In Lok Sabha, Opposition chants slogans as Question hour starts


Nov 25, 2016 11:08 am (IST)

Opposition demands PM's presenemnce in Rajya Sabha during demonetisation debate


Nov 25, 2016 11:06 am (IST)

Opposition creates ruckus protest in the Well of the House in RS


Nov 25, 2016 11:05 am (IST)

Opposition gears up for the Aakrosh Rally on November 28


Nov 25, 2016 11:03 am (IST)

Prime Minister Modi unlikely to attend Parliament today as the war on note-ban continues


Nov 25, 2016 11:01 am (IST)

Following is today's business in the Lok Sabha and the Rajya Sabha: 

Lok Sabha: 

Bills for consideration and passing: 

 

- The Mental Healthcare Bill, 2016.

 

- The Admiralty (Jurisdiction and 

 

Settlement of Maritime Claims) Bill, 

 

2016.

 

Private Members' Business 

Rajya Sabha: 

Private Members' Business 

Further discussion on demonetisation of 

currency; 

Bills for consideration and passing: 

 

- The Human Immunodeficiency Virus and 

 

Acquired Immune Deficiency Syndrome 

 

(Prevention and Control) Bill, 2014.

 

- The Employee's Compensation 

 

(Amendment) Bill, 2016.


Nov 25, 2016 10:44 am (IST)

Nov 25, 2016 10:35 am (IST)

Nov 25, 2016 10:34 am (IST)

Nov 25, 2016 10:34 am (IST)

Nov 25, 2016 10:28 am (IST)

Government ready for debate but Opposition is running away from it; this isn't right: Union Minister Ananth Kumar 

 


Nov 25, 2016 10:27 am (IST)


The opposition looks like they want to avoid a discussion on the issue: Anant Kumar


Nov 25, 2016 10:16 am (IST)

Nov 25, 2016 10:12 am (IST)

Nov 25, 2016 10:11 am (IST)


Cabinet has recommended 60% tax on unaccounted cash submitted in banks announcement of demonetisation


Nov 25, 2016 9:39 am (IST)

Nov 25, 2016 9:39 am (IST)

Nov 25, 2016 9:38 am (IST)

PM Modi releases 2 books on the eve of Constitution Day

* PM Modi releases 2 books - Updated Edition of Constitution of India & Making of the Constitution - to commemorate Constitution Day on Nov 26

 

* Without 26 November, we could not have celebrated 26 January

 

* It is important to be connected with the spirit of the Constitution

* Our January 26 (Republic Day) is incomplete without November 26 (Constitution Day)

 

* Our Constitution has a very special place in our lives

 

* Important to be connected with the spirit of the Constitution

 


Nov 25, 2016 9:28 am (IST)

PM Narendra Modi hits out at Opposition

* Some say the government wasn’t prepared for demonetisation. In reality, the government didn’t let them prepare for it and that’s why they are upset

 

* The nation today is fighting a war against corruption and black money    

 

* Comman citizen is a soldier in that fight.

 

* We need to bring in digital currency for a better future.

 

* I gave corrupt no time to save with black money.

 

We caught corrupt people unprepared.

 

* India has often ranked low in global rankings on corruption. We need to improve that.

 

* We have waged war against black money.

 

* Tax collection since Nov8 has increased.


Nov 25, 2016 9:25 am (IST)
Some say the government wasn’t prepared for demonetisation. In reality, the government didn’t let them prepare for it and that’s why they are upset: Modi

Nov 25, 2016 9:23 am (IST)

January 26 (Republic Day) is incomplete without November 26 (Constitution Day), says PM Modi


Nov 25, 2016 9:23 am (IST)

Nov 25, 2016 9:23 am (IST)

Nov 25, 2016 9:23 am (IST)

Nov 25, 2016 9:23 am (IST)

It is important to be connected with the spirit of the Constitution: PM Modi


Nov 25, 2016 9:22 am (IST)

Our Constitution has very special place in our lives; We remember Dr Ambedkar whenever we remember the Constitution: PM Modi


Nov 25, 2016 9:21 am (IST)

PM to address Public Meeting at Anandpur Sahib at 2:30 pm


Nov 25, 2016 9:21 am (IST)

Nov 25, 2016 9:20 am (IST)

November 26 was decided to be observed as Constitution Day to celebrate the Constitution and have greater awareness among the youth: PM Modi


Nov 25, 2016 9:19 am (IST)

He releases two books on Constitution


Nov 25, 2016 9:17 am (IST)

 

PM Narendra Modi at a book launch on Constitution


Nov 25, 2016 9:08 am (IST)

Opposition leaders' to hold a meeting will take place at 10 am in Parliament


Nov 25, 2016 9:02 am (IST)

Nov 25, 2016 8:44 am (IST)

 

Here, in brief, are the important decisions by the Centre

* Over the counter currency exchange for old notes stopped

* Current currency exemptions on essential items extended till December 15

* Only old Rs 500 notes for transactions under all the exempted categories

Prepaid mobile top up limited to Rs 500

* Purchase of Consumer Cooperative Stores limited to Rs. 5000

* Payment of School Fees upto Rs 2000 allowed in all govt schools -- central, state, municipal and other local bodies


Nov 25, 2016 8:43 am (IST)

Over the counter exchange of old currency notes of Rs 500 and Rs 1000 has been stopped with effect from Thursday midnight in light of “a declining trend” while the deadline to use these notes for essential services has been extended to December 15.