1. Demonetisation anniversary Live: Uttarakhand CM dubs note ban as big economic reforms achievement

Demonetisation anniversary Live: Uttarakhand CM dubs note ban as big economic reforms achievement

Demonetisation anniversary Live: Prime Minister Narendra Modi on November 8, 2016, had announced a ban on Rs 500 and 1,000.

By: | New Delhi | Updated: November 8, 2017 8:32 PM
Demonetisation anniversary Live: Marathon organised by Congress in Chattisgarh to observe ‘black day’ on Note ban anniversary. (ANI)

Demonetisation anniversary Live: Prime Minister Narendra Modi on November 8, 2016, had announced a ban on Rs 500 and 1,000. Twelve months down the line, the much debated decision of demonetisation is completing its anniversary today. A vociferous opposition led by Congress has decided to mark the occasion as ‘black-day’. BJP is leaving no stone unturned to blunt the opposition attack by fielding a galaxy of Union Ministers and leaders. It has dubbed the anniversary as an ‘anti-black money day’. Finance Minister Arun Jaitley and Home Minister Rajnath Singh have tackled salvos fired by Congress Vice President Rahul Gandhi and former Prime Minister Manmohan Singh. Amit Shah is in Gujarat and will lead BJP’s counter-charge along with a host of other ministers in various cities. As comments pour in, we bring you all the latest updates.

Track Live updates for Demonetisation anniversary:

8: 25 pm: In the latest update on the demonetisation move, Uttarakhand CM Trivendra Singh Rawat has lauded the noteban move terming it a brave step which has proved to be a milestone.

6: 07 pm:  Sharad Pawar takes part in Congress protest after one year of the demonetisation in Delhi’s Connaught Place.

5:50 pm: Rajiv Kumar, NITI Aayog VC on demonetisation, “My belief was that until we take a huge step, corruption won’t come down.”

5:45 pm: Congress party is staging a widespread protest in the city of Hyderabad to mark the one year anniversary of the demonetisation, which the party is observing as a ‘Black Day’.

5: 12 pm: Chhattisgarh CM Dr. Raman Singh said, “Today is a black day only for hoarders and those who support black money. For rest of the country its a day of celebration.”

4: 53 pm: Jayant Sinha terms the demonetisation as a miracle, challenges West Bengal, chief minister Mamata Banerjee.

4: 44 pm: PM Modi said, “Black money transaction of about Rs. 4,000 crore out of 5,000 shell companies has been unearthed post demonetisation. A total of 3 lakh companies are under the scanner.”

4: 22 pm: BJP has released a new video which lauds the demonetisation move saying that the step helped overcome the menace of counterfeit notes.

4: 10 pm: Congress party workers staging a protest in Bhopal on the first anniversary of demonetisation.

3: 55 pm: BSP Chief Mayawati accused the Modi government of implementing the demonetisation drive in a “hasty” manner and said that the BJP should observe the day as “demonetisation forgiveness day” instead of “anti-black money day”, as per a report by The Indian Express.

3: 35 pm: BJP believes that the success of the demonetisation also lies in the surge in the digital payments leading to a less cash society.

3:02 pm: AAP Trade Wing protest on the completion of one year of demonetisation:

2:58 pm: The government’s demonetisation decision a year ago led to 58 per cent growth in digital transactions and an increase in the number of tax payers, Union minister Nitin Gadkari said today.

2:24 pm: Nand Lal (ex-Serviceman clicked in iconic #demonetization pic) praises the Government: Watch Video

1:42 pm: Also Read| Demonetisation Anniversary: Here’s what Omar Abdullah said about note ban on day Twitter rolled out 280-character limit

1:37 pm: Also Read|  Satya Nadella calls Demonetisation fantastic, says in long-term will bring down costs

1:36 pm: Rahul Gandhi has tweeted against #Demonetisation by using Nand Lal but Nand Lal has stated on record that he supports Modi Ji: Ravi Shankar Prasad on iconic photo of ex-serviceman crying in Demonitisation queue

1:21 pm: “Through increase in financial inclusion & formalisation of our economy, #Demonetisation empowered the poorest of poor,” Manohar Parrikar said in a tweet.

1:14 pm: Meanwhile, Rahul Gandhi in Surat said, ” GST with 5 slabs cannot work, we asked maximum slab to be put at 18% but we were not heard. The point is very simple, GST needs reforms.”

1:09 pm: Here’s what Maneka Gandhi said on this occassion:

1:08 pm: CBI Director has given top priority to investigation of #demonetisation related cases. He has directed various teams investigating cases to complete investigation in a time bound manner: CBI spokesperson Abhishek Dayal

1:05 pm: Multiple benefits of demonetization: from cheaper loans, to reduced real estate prices to increased revenue of Urban Local Bodies: Rajyavardhan Singh Rathore.

1:01 pm: Led the multi-party Black Day demonstration at Madurai today. We condemned the BJP-led central govt for the disastrous demonetisation program which was an assault on both the economy and on democratic traditions.

1:00 pm: Congress Vice President Rahul Gandhi on Wednesday called Prime Minister Narendra Modi a “democratically elected autocrat” as he attacked demonetisation and GST on the first anniversary of the note ban.

12:42 pm: Watch Video: Here’s what Rahul Gandhi said

12:37 pm: Taking a poetic dig at the government, Rahul Gandhi tweeted in Hindi that even a single tear spelt danger for the government and one has not seen an ocean coming out of the eyes, tagging a picture of some poor people crying while standing in queues.

12:29 pm: Demonetisation anniversary: 17 numbers that show if Modi’s idea failed or succeeded

12:25 pm: Demonetisation has moved the nation towards greater formalisation of the economy.

12:16 pm: Sheikh Chilli ke sapne dekh rahe hain Rahul Ji. India is becoming Congress-free, they are being driven out of states, one after the other: Piyush Goyal

12:16 pm: If Rahul Gandhi was in any other party he would’ve been shown the way out, wherever he steps in Congress loses elections: Ravi Shankar Prasad

12:07 pm: Also Read| Narendra Modi govt releases 7.12-min video film on benefits of demonetisation, reveals how note ban was ‘for poor, with honest

12:00 pm: Meanwhile, Rahul Gandhi has reached Surat. He will be addressing the traders there and will also participate in a protest marking the black day

11:41 am: Also Read|  Demonetisation anniversary: In black money crackdown, Income tax department to issue 1 lakh notices over suspicious cash deposits

11:39 am: According to ANI report, CBI has registered 77 cases & 7 preliminary enquiries during post #demonetisation relating to exchange of demonetised currency in various depts/agencies incl. banks, post offices, railways, insurance companies etc. Amount involved in these cases is around Rs. 395.19 Cr (approx).

11:26 am: Meanwhile, Karnataka: BJP and RSS workers protest at Bengaluru’s Town Hall against Tipu Jayanti celebrations.

11:25 am: How demonetisation killed the Indian Economy: India’s Industrial Production: Congress

11:13 am: Here’s was Lalu Prasad Yadav has to say:

11:08 am: So what if our currency notes were taken away last year, Twitter has given us all #280characters to mark the anniversary, says Omar Abdullah

11:06 am: Demonetisation executed on “NINO, Nothing In- Nothing Out” method therefore result is “Nothing”: Lalu Prasad Yadav

11:01 am: It is one thing for the government to come clean about making a mistake with demonetisation, & another to cover it up with lies to mislead India’s voters: Congress

10:46 am: Congress alleges objectives of demonetisation have changed more times than @narendramodi has said ‘Mitron’.

10:44 am: West Bengal Chief Minister Mamata Banerjee described demonetisation as “DeMoDisaster” and turned her Twitter display picture black, on the first anniversary of the event today. Banerjee had on Monday announced her decision to change the display picture on her Twitter account to ‘black’ on the first anniversary of demonetisation.

10:31 am: Biggest achievement is that terrorism has been badly hit & the stone pelters which were in thousands have reduced because their cash flow has been cut: Defence Minister Nirmala Sitharaman on one year anniversary of Demonetisation

10:28 am: This #BJPMoneyLaunderingDay, the nation remembers the 100 Indians who perished as a direct result of demonetisation. This eulogy is for those, who were not armed with qualifications or power to defend themselves from the government’s: Congress

10:21 am: Former Maharashtra chief minister Prithviraj Chavan has demanded a probe by a joint parliamentary committee to ascertain the “real intention” behind the Centre’s demonetisation exercise. The senior Congress leader also demanded a regulatory mechanism for the digital payment companies in the country.

10:19 am: India fights against → Black Money, Corruption, Counterfeit Currency, Naxalism and Terrorism, says BJP

10:18 am: Noteban hit ordinary Indians, small traders and labourers; it is also a fact that ordinary labourers working in India’s unorganised sector are far from digitalised yet: #Kerala FM Dr. T.M Thomas Isaac on

10:15 am: Defence Minister Nirmala Sitharaman at a signature campaign organised by Tamil Nadu BJP Youth Wing. #AntiBlackMoneyDay

10:12 am: “Modi’s currency gamble damaged Indian economy” says BBC. Is BBC a supporter of black money and corruption?: P Chidambaram

10:10 am: Black money eliminated says Govt. Let the Gujarat election campaign start and you will find the ‘eliminated’ black money: P Chidambaram

10:07 am: Watch Video: Demonetisation was for the poor? The families of these people who brutally lost their lives beg to differ.

10:01 am: The Congress, which described the note ban decision as the “biggest scam” and “the largest government-abetted money laundering scheme”, has asked all its state units to organise protests, processions and marches to mark the day.

9:59 am: Also Read| Demonetisation anniversary: 5 ways in which PM Narendra Modi’s move made India a better place for job creation

9:48 am: P Chidambaram addresses the nation in a series of tweets, here’s what he said:

9:42 am: Newer goalposts are being mounted to befool people on #BJPMoneyLaunderingDay, but Demonetisation is and will remain a Monumental Disaster: Randeep Surjewala

9:38 am: Black money has been there for a long time. Demonetisation has pushed India towards a transparent, formal economy: Piyush Goyal #AntiBlackMoneyDay

9:33 am: Also Read| What did you gain from demonetisation? Modi government explains

9:30 am: Uttar Pradesh: Bharatiya Janata Party workers in Varanasi celebrate the first anniversary of Demonetisation.

9:26 am: Congress Vice President Rahul Gandhi on his way to Surat in Gujarat on Wednesday, the first anniversary of the government’s demonetisation decision, which the party is observing as “Black Day”.

9:24 am: M.K. Stalin, DMK’s Working President, left for Madurai to participate in a protest as part of the Opposition’s “Black Day” campaign  there while his sister Kanimozhi, a Rajya Sabha member, will be present in Coimbatore.

9:23 am: The DMK will organise protests as part of the Opposition’s “Black Day” campaign on Wednesday against the Centre’s demonetisation decision, notwithstanding speculation that the BJP was cosying up to the regional party after Prime Minister Narendra Modi’s call on the ailing DMK President M. Karunanidhi.

9:12 am: “I am chosing not to answer it for the reason that it is not necessary for me to disclose all facts to which I myself am privy (to) in discussions within the government on a sensitive issue,” Jaitley said while responding to a query about former RBI Governor Raghuram Rajan’s criticism of demonetisation.

9:03 am: Taking a tough stance against stubble burning which was leading to health and environmental concerns, authorities in Haryana have booked over 1,000 farmers and imposed a fine of nearly Rs 12 lakh on them, a minister said on Tuesday.

8:55 am: Around 63 per cent respondents of a nationwide survey released on Tuesday said they witnessed people in “serious problems” due to the government’s sudden move announced on November 8 last year, while 65 per cent said they saw marriages being postponed because of the note ban. The report, done by ‘Anhad’ and 32 other civil society organisations, also contains the names of some of the persons who died in bank queues and due to other reasons attributable to scrapping of Rs 500 and Rs 1,000 notes, and also briefly describes their heart-wrenching ordeals, IANS reports.

8:54 am: A year into demonetisation, the opposition and the government on Tuesday exchanged verbal blows over the action with former Prime Minister Manmohan Singh calling it disastrous while Finance Minister Arun Jaitley rejected the charge saying there was an ethical and moral rationale behind the decision which had given a “new direction” to the economy, according to IANS.

8:53 am: The Prime Ministers Office put up a spirited defence of demonetisation on the eve of the first anniversary of the move, saying “multiple benefits” of spiking large currency notes included loans getting cheaper and real estate prices declining “significantly”.

8:44 am: The reasons my DP is black today, the 1st anniversary of the DeMo Disaster: Sashi Tharoor


8:39 am: Here’s what Congress leader Ajay Maken has to say on demonetisation:

8:35 am: Banks have lowered their lending rates by about 1 per cent post demonetisation, the Prime Minister’s Office on Tuesday said, citing “multiple benefits” of the scrapping of old high-value currency notes.

8:28 am: The Income Tax Department is set to issue notices to about one lakh entities and individuals, who deposited huge cash in banks post demonetisation and whose tax returns have been picked for detailed probe into suspected discrepancies, official sources said.

8:27 am: A day ahead of demonetisation anniversary, Defence Minister Nirmala Sitharaman elaborated on the benefits of the note ban order (when Rs 1,000 and Rs 500 notes were banned) that Prime Minister Narendra Modi had given on November 8, 2016, especially in aiding the fight against terrorists and their supporters.

8:26 am: This is what Suresh Prabhu tweeted:

8:23 am: This is what Rahul Gandhi tweeted:

8:21 am: I have turned my Twitter DP black #DeMoDisaster. Let us raise our voices: Mamata Banerjee

8:15 am: WATCH Video: Did Demonetisation Increase Tax Base? Not Really

8:11 am: Marathon organised by Congress in Chattisgarh to observe ‘black day’ on one year anniversary of #Demonetisation

8:09 am: Former Maharashtra chief minister Prithviraj Chavan today demanded a probe by a joint parliamentary committee to ascertain the “real intention” behind the Centre’s demonetisation exercise.

8:08 am: Congress vice president Rahul Gandhi will visit Surat today, the textile and diamond capital of the country, to participate in a candle-light vigil there as part of the Opposition parties’ “Black Day” protest.

8:03 am: The Modi government’s decision to scrap high value currency notes last year has been the biggest failure since Independence, the NCP said on Tuesday.

8:01 am: This is what Congress has to say on Demonetisation:

7:59 am: Read Also| Demonetisation anniversary: PM Modi takes on Opposition, thanks 125 crore Indians

7:58 am: Here are the benefits of demonetisation, encapsulated in this short film. Have a look: PM Modi

7:51 am: The number of small denomination notes in the circulation has gone up to 26% post demonetisation, an annual report of the Reserve Bank of India showed. According to the report, the percentage of small denomination notes, which was 14% of the total notes in circulation in the financial year 2015-2016, has gone up to 26% in the financial year 2016-2017.

7:50 am: On the eve of the first anniversary of demonetisation, Union minister Ravi Shankar Prasad claimed that flesh trade and trafficking of women had reduced substantially in the country due to the move.

7:44 am: Demonetisation Anniversary: BJP, Congress set stage for a face-off

7:43 am: Youth Congress protest outside RBI office in Delhi on one year of Demonetisation

7:42 am: Describing the note ban as “a watershed moment in the history of the Indian economy”, Jaitley said suspicious transactions of around Rs 1.6-1.7 lakh crore are now being probed, adding the tax administration and other enforcement agencies are using big data analytics to crack down on suspicious transactions. However, former prime minister Manmohan Singh led the Opposition attack, saying: “At a time when the economy has slowed down considerably, despite favourable global macroeconomic conditions, the fear of tax terrorism has eroded the confidence of businesses to invest.”

7:40 am: In a Facebook post and later addressing the media at the BJP headquarters, finance minister Arun Jaitley firmly defended the November 8, 2016, announcement to demonetise 87% of the currency in circulation, saying it encouraged formalisation of the economy and improved tax compliance in great measure.

7:37 am: Demonetisation is a tragedy. We stand with millions of honest Indians, whose lives & livelihoods were destroyed by PM’s thoughtless act

7:35 am: After the complete withdrawal of Rs 500 and Rs 1000 notes on December 28, 2016, the RBI report states that the currency with the public dropped by 50% initially but after 10 months of demonetisation, has now surged back to 89%.

7:33 am: I bow to the people of India for steadfastly supporting the several measures taken by the Government to eradicate corruption and black money.

7:30 am: What do you feel about the efforts to uproot corruption & black money. Tell me through this survey: PM Modi

7:22 am: Also Read| Demonetisation anniversary: FM Arun Jaitley dubs note ban as watershed moment

7:19 am: This is what BJP has to say about their Demonetisation move:

7:15 am: BJP to observe ‘anti-black money day’, opposition to mark ‘black day’, on the anniversary of #Demonetisation.

7:04 am: BJP leaders, including many Union ministers, will fan out across the country to highlight the “benefits” of demonetisation.

6:49 am: Haryana minister Anil Vij said only those parties “which have blackmoney left with them” will observe November 8, the first anniversary of demonetisation, as “black day”.

6:07 AM: Youth Congress protested outside RBI office in Delhi on one year of demonetisation last night.

5:55 AM: While BJP will celebrate anti-black money day, Opposition will mark black day on Wednesday.


Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top