'A government can't just take away public money, and the RBI can't extinguish its liability.''The RBI has to honour the value any time a person with legal and taxed money lays claim on the value,' Anup Roy points out. Many, including some in the government, are saying that the withdrawal of high value currency notes will lead to a windfall to the Centre through dividends earned from the Reserve Bank of India, but people familiar with the RBI balance sheet say that is unlikely the case. What ... Rediff.com, 2 weeks ago
Demonetisation unlikely to lead to windfall for govt: Experts - Smart Investor, 2 weeks ago
Demonetisation to lead to windfall for govt? Unlikely, say experts - Smart Investor, 3 weeks ago
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist, reports Archis Mohan. Black money is not just wads of notes Concerned at a 'sustained campaign' by political rivals to discredit the demonetisation of Rs 500 and Rs 1,000 notes, the Narendra Modi government and the Bharatiya Janata Party have launched a multi-pronged outreach. The spearhead of the campaign is Finance Minister Arun Jaitley and BJP President Amit Shah is the chief ...Rediff.com, 2 weeks ago
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