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23 Mar 2018, Edition - 983, Friday


  • JNU protests turn ugly after police use water cannons to stop protesters
  • RS results starts pouring in, Kumar Ketkar wins from Maharashtra
  • RS polls UPDATE: Anil Baluni wins from Uttarakhand, Saroj Pandey wins from Chattisgarh. Counting resumes in Karnataka
  • Australia has abolished the subclass 457 visa category popular among skilled overseas workers
  • Amid Parliament ruckus, Anna Hazare returns to the National Capital and begins indefinite hunger strike today.
  • In a major setback for the SP-BSP alliance, 3 independent MLAs pledge support to BJP in Uttar Pradesh Rajya Sabha elections
  • 3 independent MLAs pledge support to BJP in Uttar Pradesh Rajya Sabha elections
  • Patna: Denied stretcher, father carries the sick child in arms while kin hold the oxygen cylinder
  • Thane CDR Case: Police to move SC to challenge the Bombay HC order of Rizwan Siddiqui’s release
  • Opposition MLAs create ruckus after 20 AAP MLAs were allowed to sit inside the Delhi Assembly by the Speaker


Demonetisation: Money lying in various places has reached banks, says VP

Covai Post Network

Image credit : Illustrative Image

The purpose of demonetisation was to bring the unaccounted money into banks. “Money lying in various places has come to banks with a proper address,” Vice President Venkaiah Naidu said here on Wednesday.

He was speaking at the 160th anniversary celebrations of Cochin Chamber of Commerce and Industry.

More than 58 lakh people have joined the ranks of the Income Tax payees post demonetisation. “There will be more additions and once the tax net is widened, the tax rate will come down,” Naidu said.

The Vice President said India was the most favourable investment destination now in the world and there was a need to give a push to reforms with human face. “Soon after Independence the government started many factories and public sector undertakings. But a lot of change has happened and the Government had to bring in investments. Why should investors be discouraged to invest in a country where foreign direct investment is allowed. The people can get benefits only if the country becomes prosperous,” he said..

He urged to State Governments to encourage private investment. “The most important thing is to ensure ensure peace in the country which is essential for growth. Importance should be given to nurturing culture without any communal bias. Some people are misinterpreting religion and are creating division in the society,” the Vice President remarked.