black money – Manipur News

Promised Rs. 15 lakh per balance accounts missing, but 16000 fold profit rise for favourite son

By Garga Chatterjee The Union government Prime Minister Narendra Modi had exhorted hundreds of millions of citizens of the Indian Union to open bank accounts. This was after his pre-poll promise of putting 15 lakh Rupees in every citizen’s account by his capturing of black money. Many small deposit accounts were thus opened with bank […]

Massive rally marks BJP sponsored Anti-Black Money Day

Imphal, November 09 2017: Hundreds of BJP supporters turned out on the streets today to join a rally organized by BJP, Manipur State Unit as a part of the ongoing mass awareness programme against black money. The rally was flagged off by Works Minister Thongam Biswajit from Iboyaima Shumang Lila Shanglen, Palace Compound and it […]

Fragmented communities have come together under BJP rule, claims Biren ‘Development possible only when there is mutual trust’

Imphal, November 06 2017: Chief Minister N Biren has claimed that the fragmented communities of Manipur have once again come together under BJP’s vision of inclusive growth and united Manipur. He was speaking at a Yuva Sammelan held at Khundrakpam Lainingthou Panganba community hall today under the aegis of the BJP Manipur Pradesh Yuva Morcha […]

Protest against demonetisation of November 8, 2016 : 10 parties join hands to observe Black Day

Imphal, November 03 2017: Altogether 10 political parties have come together to observe Black Day on November 8 in protest against Prime Minister Narendra Modi’s announcement of November 8 last year which demonetised Rs 500 and Rs 1000 notes then in circulation. The Black Day observation which would feature a mass rally and a public […]

Viewpoint: Why Modi’s currency gamble was ‘epic failure’

India’s attempt to flush out undeclared wealth did not work, central bank figures show. The move, known as “demonetisation”, was a flagship policy of Prime Minister Narendra Modi. Economic analyst Vivek Kaul looks at what went wrong. The devil, as they say, is in the detail. On page 195 of this year’s Reserve Bank of […]

The story of Nagaland cop who turned Kerala billionaire

If MKR Pillai and Sreevalsam Business group based in Kulanada had not declared Rs 50 crore black money during post-demonetisation era, his unaccounted wealth would have remained hidden at least for few more years. Nagaland cop turned billionaire built Rs 4000 crore worth business empire. I-T raids unearthed huge money transactions through his family members’ […]

With Demonetisation 2016 yet to deliver clear-cut benefits, what next?

C Rammanohar Reddy One of the central arguments in this book is that whichever way one looks at it, Demonetisation 2016 was not a good idea. One, very little of black money is held in the form of cash, so demonetisation was not going to destroy much of the unaccounted wealth. Two, even if the […]

Fair to promote cashless payment on April 2

IMPHAL: As part of the Centre’s policy to promote cashless mode of payment, Digi-Dhan Mela will be organised at City Convention Centre, Palace Compound, on April 2, informed chief secretary Oinam Nabakishore Singh. Stating that the move for cashless mode of payment is aimed at achieving the dual objectives of promoting digital exchange and check circulation of black money, Nabakishore told newspersons on Friday that the state capital is […]

Read more / Original news source: http://kanglaonline.com/2017/04/fair-to-promote-cashless-payment-on-april-2/

100% penalty for cash transactions over ?3 lakh: Adhia

In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess of ₹3 lakh, beginning April 1, to settle any transaction. A ban on cash transaction of more than ₹3 lakh has been proposed in the Budget for 2017-18. In an interview to PTI, Revenue Secretary Hasmukh Adhia […]

In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess of ?3 lakh, beginning April 1, to settle any transaction. A ban on cash transaction of more than ?3 lakh has been proposed in the Budget for 2017-18. In an interview to PTI, Revenue Secretary Hasmukh Adhia […]

Benefits of demonetization

Free Thinker As far as the demonetization is concerned it has the moral high ground because this is an attempt to blast the black money, castrate corruption, kill counterfeit money and of course beget a cashless economy for more accountability & transparency. Fighting a war against the evils will certainly cause some collateral damages and […]

Read more / Original news source: http://kanglaonline.com/2016/12/benefits-of-demonetization/

Dear RBI, it’s not about hoarding notes, it’s about shortage of cash

Vivek Kaul In the press conference that followed the monetary policy on December 7, 2016, R Gandhi, one of the deputy governors of the Reserve Bank of India(RBI), said: “We reiterate that there is adequate supply of notes and hoarding of notes helps nobody’s cause.” The impression that the RBI is trying to create is […]

Why create new districts now when the Cong Govt has been sleeping for the past 15 years, asks BJP Ibobi follows divide and rule policy: Javadekar

IMPHAL, Dec 10: Union HRD Minister and BJP Manipur election in-charge Prakash Javadekar has accused Chief Minister O Ibobi of following a dangerous divide and rule policy in the State. Speaking to media persons at the Nityaipat Chuthek office of BJP Manipur Pradesh here today, Prakash Javadekar stated that the Congress Government created seven new […]

Demonetisation & what next?

Free Thinker The thrill of monetary equality dies when you suddenly realize that there are mountains of hidden bullions and unaccounted assets (immovable properties etc). According to a data published by CREDIT SUISSE GROUP AG based in Zurich indicates that 1% of the population is holding 58.4% of the total wealth of the country (mostly […]

Read more / Original news source: http://kanglaonline.com/2016/11/demonetisation-what-next/

Demonetisation & what next?

Read more / Original news source: http://kanglaonline.com/2016/11/demonetisation-what-next/

Queues, queues everywhere Targeting the common man

Queues reflect discipline, a sort of civilised behaviour where order is maintained. Viewed from this perspective, the people of Manipur may be said to have a high level of discipline. Not easy it is to stand in queues for hours on end just to get five litres of petrol. Sometimes such a queue may be […]

NaMonetisation – Will it really benefit the common people?

Samarjit Kambam Introduction Thangjing (popularly known as black diamond or fox nut or gorgon nut) is botanically known as Euryle ferox Salisb and belongs to the family Euryalaceae (Nymphaeceae). It a monotypic genus that is having only one species. It is considered as an aquatic cash crop in Manipur. The hobby of the present writer […]

Factoring demonetization

Is demonetization going to be a factor in the coming assembly elections in some states including Uttar Pradesh and Manipur? This is a major question haunting the political parties and political pundits in the last few days. Many had initially praised the Prime Minister Narendra Modi for his stated mission to weed out black money […]

Read more / Original news source: http://kanglaonline.com/2016/11/factoring-demonetization/

Demonetisation: What Caused This Havoc? Time or Approach?

Demonestisation affected people. Things were said and written in ‘for ‘and ‘against’ of it. Prime Minister announced it, made a sensation and havoc among public and went to Japan. His picture sitting in bullet train, one of the fastest speed trains, was tweeted while his country persons were made peoples’ rail before bank’s ATMs, to […]

BJP repeats Assam move in Nagaland, charges TR Zeliang govt with graft

As Prime Minister Narendra Modi declared demonetisation of old Rs 500 and Rs 1,000 notes as a measure to curb black money, BJP’s Nagaland unit went vocal against its long-time ally in the state government Naga People’s Front (NPF) alleging corruption in governance. The BJP leadership in Nagaland placed a memorandum in the hands of […]

Buying Rs 800 with Rs 1000 note Booming currency bazar

If necessity is the mother of invention then surely being cash starved can give a new dimension to the understanding of money laundering. Only here, one does not need to stash it in some tax haven abroad or in banks in some other countries, but keep it at some market shed such as at Khwairamband […]

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