PM hints at more action to unearth black money

November 12, 2016

Kobe, Nov 12: Hinting at more action to unearth black money, Prime Minister Narendra Modi today said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes.

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He assured honest people that they will not face any trouble."I would like to announce once again that after the end of this scheme, there is no guarantee that something new will not be introduced to punish you (thikane lagane ke liye)," Modi said.

He was addressing the Indian community at a reception here.

"I make it very clear that if anything unaccounted comes up, then I will check its records since Independence. Will deploy as many people as required for this. Honest people will not face any problem. No one will be spared. Those who know me, they are intelligent as well. They think it is better to offer it in Ganga than in banks," Modi said.

He was referring to reports of the demonetised Rs 500 and Rs 1,000 notes flowing in Ganga river.

Modi termed the demonetisation as "Swachhata Abhiyan" and hailed the undaunting spirit of people despite their hardship following its announcement on November 8.

"I salute my countrymen. People stood in line for four hours, six hours but accepted the decision in national interest the way people of Japan tackled the aftermath of the 2011 disaster," he said.

"I thought long and hard about the possible difficulties and it was also important to keep it a secret. It had to be done suddenly but I never thought I will receive blessings for this," he said.

Comments

Naren kotian
 - 
Sunday, 13 Nov 2016

Next step must be clamp down on benami property and clamp down on terrorist hawala network in kerala and coastal ... then clamp down on gold purchase by limiting it .next step must be electronic bills must for all transaction be it 5 rs or 5000rs . next step must be strict ban on cash in wholesale markets where jihadists try to run fake notes ... clamp down in border areas , he must clamp down on over invoice of export bills , strict monitoring of funds for NGOS , very strict monitoring on minoirty dominated schools and colleges , payment seats . these are few ... have emailed Modi office in detail as a common man .. lets see ...

Skazi
 - 
Saturday, 12 Nov 2016

Next step is to print expiry date on currency notes, which will stop black money problem permanently ,,

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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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Agencies
January 16,2020

New Delhi, Jan 16: The Arvind Kejriwal-led Delhi government on Thursday rejected the mercy plea of Mukesh, one of the convicts in the 2012 Nirbhaya case.

The mercy plea was then forwarded to Lieutenant Governor, who has now sent it to Union Ministry of Home Affairs.

The convicts were sentenced to death for raping a 23-year-old woman in a moving bus in the national capital on the intervening night of December 16-17, 2012.

The victim, who was later given the name Nirbhaya, had succumbed to injuries at a hospital in Singapore where she had been airlifted for medical treatment.

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News Network
April 18,2020

New Delhi, Apr 18: With 957 new cases of COVID-19 in the last 24 hours and 36 deaths, India's total count of coronavirus cases has surged to 14,792, said the Union Ministry of Health and Family Welfare on Saturday.

The total cases are inclusive of 2,014 cured and discharged patients, one migrated and 488 deaths. At present, there are 12,289 active COVID-19 cases in the country.

Lav Aggarwal, Joint Secretary, Ministry of Health and Family Welfare said that mortality rate due to COVID-19 in our country is around 3.3 per cent.

"An age-wise analysis will tell you that 14.4 per cent of deaths have been reported in the age group of 0-45 years. Between 45-60 years it is 10.3 percent, between 60-75 years it is 33.1 percent and for 75 years, and above it is 42.2 percent," Aggarwal said at a press conference here.

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