Almost 50 lakh people in India lost their jobs between 2016 and 2018 – the post-demonetization years, according to a new report published by Azim Premji University’s Centre for Sustainable Employment.
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The government, while pointing out the success of demonetization in increasing tax compliance, said it added 1.06 crore new taxpayers in 2016-17, which is almost 25% more than that of the previous year. However, it also also a huge spike in the number of “stop filers” in 2016-17.
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While releasing her party manifesto at her Kalighat residence in south Kolkata, Mamata Banerjee also made an “appeal” to the prime minister, Narendra Modi, to engage in an open debate with an opposition leader ahead of the general election.
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The opposition sought to inject the November 2016 demonetization into the election discourse and released a video purportedly showing a BJP worker exchanging old notes in Gujarat on payment of a 40% commission. However, it did not vouch for the authenticity of the clip.
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Prime Minister Narendra Modi announced the demonetization of ₹500 and ₹1000 notes, which saw 86 per cent of high value currency going out of circulation, even before formal approval by the RBI central board. A query under the Right to Information Act revealed this.
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With only weeks to go before the Lok Sabha election, the much-awaited employment data for the post-demonetization period – July 2017 to June 2018, which had been withheld by the Modi government, has become public giving a bleak job scenario prevailing in India today.
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The report would have revealed the job losses in the country following Prime Minister Narendra Modi’s announcement of demonetization of Rs 500 and Rs 1000 banknotes, in November 2016.
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Meera Sanyal, top banker-turned-politician and social worker, died at her residence in Mumbai after losing her battle with cancer, on Friday. She was 57.
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Blaming the “faulty” policies of the Narendra Modi government at the Centre, chief minister of Andhra Pradesh N Chandrababu Naidu said the price of petrol would soon touch Rs 100 a litre and the US dollar will also cost the same against the Indian rupee.
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