Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

TMC's Dinesh Trivedi Writes to Moily to Adopt DeMo Report on Last Day of Parliamentary Committee

Sources said Dinesh Trivedi in his letter said that RBI’s revelation on returned notes demands an answer as to why the Centre pushed through with the note ban.

News18.com

Updated:August 31, 2018, 3:53 PM IST
facebookTwitterskypewhatsapp
TMC's Dinesh Trivedi Writes to Moily to Adopt DeMo Report on Last Day of Parliamentary Committee
File photo of former Railway minister Dinesh Trivedi.
Loading...

New Delhi: With the term of the parliamentary standing committee on finance ending today, member and TMC leader Dinesh Trivedi wrote to chairman Veerappa Moily, demanding adoption of the RBI report that stated 99.30 percent of the demonetised notes came back into bank accounts.

Sources informed News 18 that Trivedi in his letter said that RBI’s revelation on returned notes demands an answer as to why the Centre pushed through with the note ban.

Of the Rs 15.41 lakh crore worth of Rs 500 and Rs 1,000 notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned. The "humungous task of processing and verification of specified bank notes (SBNs) was successfully achieved," it said.

The SBNs received were verified, counted and processed in the sophisticated high-speed currency verification and processing system (CVPS) for accuracy and genuineness and then shredded, it added.

SBNs refer to the demonetised old Rs 500 and Rs 1,000 notes.

RBI said the processing of SBNs has since been completed. "The total SBNs returned from circulation is Rs 15,310.73 billion."

Citing the report as proof, the Congress reiterated its allegations of demonetisation being a “Modi Made Disaster”. “RBI Report again proves that Demonetisation was ‘Modi Made Disaster’ of Epic Proportions! 99.30% of Demonetised Money Returns! PM Modi, in his 2017 Independence Day speech made tall claims of Rs 3 Lakh Cr coming back to the system! Modiji, will you apologise for that Lie now? (sic)” party spokesperson Randeep Singh Surjewala tweeted.

In a series of tweets, former finance minister P Chidambaram said a bulk of the black money might be in Nepal and Bhutan.

AAP leader and Delhi CM Arvind Kejriwal, too, questioned the gigantic exercise and demanded a white paper on the same.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results