Fri, Mar 24, 2017 | updated 11:30 AM IST

Govt.acts on collective citizen ask of changing currency to address accumulated black money

Updated: Nov 09, 2016 16:01 IST
New Delhi [India], Nov.9 (ANI-Businesswire India): The Government of India yesterday evening announced that it was moving the 500 and 1000 rupee notes from circulation effective today and they may be exchanged from post offices and banks starting Nov 10th till Dec 30th, 2016.

To the members of LocalCircles, India's leading community social media network this was a wish come true as the conversation on addressing domestic black money and corruption were building up since the last week of October.

There were repeated suggestions from citizens on eliminating the 500 and 1000 rupee notes as well as changing their colour. LocalCircles, earlier this week released the India Corruption Poll 2016 covering the state of corruption across India with detailed local and national polls outlining what citizens felt about corruption.

In this survey of 15,000+ citizens across 56 cities, 42 percent admitted paying a bribe last year. At the same time, 68 percent felt that India will see a significant reduction in corruption in the next five years.

Based on the chatter on the network, LocalCircles also conducted a poll to address the domestic black money and asked if the citizens supported changing the color of 500 and 1000 rupee notes. 78 percent citizens supported the scheme, 7% did not support and 15% said that they were unsure. Approximately 11,000 citizens participated in the poll. As a follow on, citizens were asked how such a scheme should be implemented and various meaningful inputs were suggested.

Some of the inputs were rolling out such a scheme suddenly, setting up a mechanism for notes exchange so accounted money can be deposited in the bank as well as creating a nation building account at banks where people with black money can deposit it anonymously. It was also proposed by the community that time till Dec 31st, 2016 should be given to deposit cash in the bank and the new notes should be introduced only after that.

In the early afternoon of Nov 8th, 2016, the poll was introduced on twitter to invite broader citizenry participation beyond LocalCircles members. To the positive surprise of LocalCircles and all the citizens who participated in the poll and discussions, it was heartening to see the Prime Minister announce this scheme via a special 8 pm announcement. The LocalCircles community whole heartedly appreciates how swiftly the Government has moved with this scheme and will continue to give its pulse checks and on ground feedback as the implementation proceeds forward. (ANI-Businesswire India)

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Ashoka University, a Liberal Arts University in India, hosted its first International Educators Conference 2017 on March 17, 2017. In line with the University's vision to emerge as a global institution and put India on the world education map, the focus of the conference was on India as a global higher education destination.

Full Story >>

New Delhi [India], Mar 23 (ANI): Siemens on Thursday announced receiving of an order worth approximately Rs. 187.4 crore from Bangladesh Rural Electrification Board (BREB), Dhaka.

Full Story >>

New Delhi [India], Mar 23 (ANI): Paytm has partnered with Booking.com to facilitate accommodation bookings on its online travel marketplace. Under this partnership, all domestic and international accommodations available on Booking.com will now be available on Paytm with unique promotions and offers.

Full Story >>

New Delhi [India], Mar 23 (ANI): The Central Board of Direct taxation on Thursday notified that the Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016 entered into force on February 27th, 2017 with notifications released to the Official Gazette here today.

Full Story >>

Curofy launches Curofy for web

Updated: Mar 23, 2017 15:21 IST

New Delhi [India], Mar 23 (ANI): Curofy, a networking platform that allows case discussions between doctors and provides them with latest medical news, with continuous feedback from the community and gauging the need for their audience, has launched it's web platform to give their users a complete and richer experience.

Full Story >>

Qbera launches operations in Bengaluru

Updated: Mar 23, 2017 15:21 IST

New Delhi [India], Mar 23 (ANI): Fintech start-up offering quick and hassle-free personal loans Qbera has launched its operations in Bengaluru.

Full Story >>

New Delhi [India], Mar 23 (ANI): Maneeza Ahuja has been appointed Branch Head for the Delhi branch of Percept/H with the additional responsibility of leading the North India portfolio of Percept One.

Full Story >>

New Delhi [India], Mar 23 (ANI): Keeping pace with the recent rise in crime rates inside Apartment Complexes, ADDA GateKeeper announces the launch of its "Panic Alert' feature. ADDA GateKeeper a security management software for Apartment Complexes.

Full Story >>

New Delhi [India], Mar 23 (ANI): ExportersIndia on Thursday announced 56 percent boost in its business exclusively via its mobile app.

Full Story >>

New Delhi [India], Mar 23 (ANI): Real estate startup Square Yards on Thursday announced the launch of an International property portal (global.squareyards.com) for enabling global cross border real estate investments.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): "The transformation in technology that we have seen in 20 years is more than what world saw in preceding 200 years."

Full Story >>

New Delhi [India], Mar 23 (ANI): In a feat of sorts, Droom, India's pioneering online automobile transactional marketplace today became India's largest hyper local marketplace by bringing a whopping number of 500 cities, under its aegis. The watershed moment came soon after the company announced that it has achieved 1 lakh auto dealers on its online platform.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): After the roaring success of DPT Feb edition that drew over 1200 entries, Adda52.com- India's largest poker site and Deltin Royale- India's largest and most luxurious casino have announced yet another exciting edition of the Detlin Poker Tournament (DPT). This time around, the tournament has upped the prize pool to a whopping Rs. 2.25 Crore and will be six days long starting from 19th April 2017.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): L&T Technology Services Limited, a leading global pure play engineering services company inaugurated its new center of excellence dedicated for a leading German Original Equipment Manufacturer (OEM) in Munich Germany, its fourth delivery center for the customer following R&D hubs in Mumbai, Bangalore and Mysore in India.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Volano Entertainment Pvt. Ltd., India's leading participative sports firm hosted an adrenaline-pumping event, the 'Swift Devils Circuit' in Delhi NCR which saw participation from over 8000 individuals. The event took place on Sunday - 19th March 2017 at Sector 98, Noida.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Indian's are big dreamers, but when it comes to financial planning they lag behind by a distance reveals Aviva Plan India Plan survey 2017, a one of its kind survey conducted by Aviva Life insurance. However, millennial are better financial planners, while women are catching up fast with men on financial awareness and planning.

Full Story >>

New Delhi [India], Mar 23 (ANI-NewsVoir): Chennais Amirta International Institute of Hotel Management, a globally reputed name in imparting hospitality education, has broke its last year record with its 2,587 students getting job offers in one go. The students were selected for different positions in hospitality sector during the grand job fair `Talent Track 2017' conducted recently (from 15th to 17th March) at its college premises at OMR. Around 180 star hotels and leading restaurants from various parts of the country partook in the fair.

Full Story >>

New Delhi [India], Mar 23 (ANI-NewsVoir): Today, Preethi Kitchen Appliances, an inseparable brand of any kitchen of the Indian women, walks the talk by launching the '500 kg Grinding Marathon'. Preethi is known for industry leading innovation, incomparable quality and life-long free service.

Full Story >>

New Delhi [India], Mar 22 (ANI): EdgeMakers, the San Francisco headquartered company that has developed the world's first comprehensive learning system for Innovation and the related discipline of Entrepreneurship that is implemented at leading schools across the world, today announced that it plans to work with 10,000 students across 200 schools in Delhi, Mumbai, Hyderabad and Bangalore.

Full Story >>

Lok Sabha passes Finance Bill

Updated: Mar 22, 2017 18:20 IST

New Delhi [India], Mar 22 (ANI): The Lok Sabha on Wednesday passed the Finance Bill after various amendments presented by Union Finance Minister Arun Jaitley.

Full Story >>