Tag Archives: Demonetization

Demonetization stopped black money: Narendra Modi

Rahul Gandhi blames the ban on the notes for “destroying” the economy, allowing Bangladesh to “overtake” India. On the fourth anniversary of the demonetization, Prime Minister Narendra Modi said on Sunday that the move helped reduce black money, increase tax compliance and formalize the economy. Former Congress Speaker Rahul Gandhi …

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The ban on notes was very beneficial

Prime Minister Modi said that demonetization had helped improve tax collection. New Delhi: Four years after announcing a surprise decision to replace nearly 86 percent of all India’s cash that sends shockwaves into the economy that has yet to fully recover, Prime Minister Narendra Modi on Sunday defended the move. …

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