Mon, Mar 27, 2017 | updated 08:14 AM IST

Demonetisation was designed to target illicit cash proceeds from corruption and tax dodging: U.S.

Updated: Dec 01, 2016 12:31 IST

Washington D.C. [United States], Dec. 1 (ANI): The United States has said that the discontinuance of the 500 and 1,000 rupee notes by India was designed to target illicit cash proceeds from corruption and tax dodging.

Deputy Spokesperson of the U.S. State Department Mark C. Toner said, "This recent action followed on a series of steps that the Modi government took over the past two years to reduce black market money, and, I think, it also included a four-month amnesty for tax evaders in India, which resulted in, I think, the disclosure or declaration of billions of dollars in hidden assets."

Responding to a question about the impact on American citizens, Toner said that as it was an inconvenience for many Indians, it was an inconvenience for Americans who were also there.

He said that United States believes that it was an important and necessary step to crack down on illegal actions or illicit actions.

"American citizens who are working and living in India, I think have the proper information now to exchange those notes or to get new notes, and it's a little bit of an adjustment, just as it was an inconvenience, I'm sure, for many Indians, but I think a necessary one to address the corruption," Toner said.

On being asked that is the U.S. embassy providing any help to American citizens, Toner said, "In any case such as this, the embassy's role would be to simply inform American citizens residing or visiting in India of these changes and, again, how they can replace their notes and just the process into how to do that." (ANI)

London [U.K.], Mar. 27 (ANI): Joe Biden believes he could have won the Presidency in 2016, had he made it through a tough Democratic primary.

Full Story >>

London [U.K.], Mar. 27 (ANI): With just 48 hours before British Prime Minister Theresa May formally triggers article 50 - the official process for exiting the European Union (EU), Labour's Brexit spokesman Keir Starmer will set out six tests which any deal must pass, or face the opposition of Labour in the House of Commons.

Full Story >>

Iran imposes sanctions on 15 U.S. companies

Updated: Mar 27, 2017 06:23 IST

Tehran [Iran], Mar. 27 (ANI): Iran has imposed sanctions on 15 U.S. companies "supporting terrorism," according to local media reports.

Full Story >>

London [U.K.] India, Mar. 27 (ANI): The family of PC Keith Palmer, who was stabbed to death as he guarded the building by an attacker Khalid Masood when he drove through the Westminster bridge in a bid to enter the the Palace of Westminster, has thanked those who fought for his life and paid tribute to the "selfless bravery" of the officer.

Full Story >>

Kiev [Ukraine], Mar. 27 (ANI): A Ukrainian military helicopter crashed in the eastern region of the country on Sunday, killing all five people aboard after apparently hitting a power line, the army said.

Full Story >>

London [U.K.], Mar. 27 (ANI): British-born terrorist Khalid Masood, who killed five people and injured more than 50 in an attack on Westminster here, was known as a potential extremist in 2010, it emerged as the police made a fresh arrest in connect

Full Story >>

London [U.K.], Mar. 27 (ANI): United States President Donald Trump on Tuesday will sign an executive order to unveil former president Barack Obama's plan to curb global warming, the head of the Environmental Protection Agency said on Sunday, claiming the move would be "pro-growth and pro-environment."

Full Story >>

Moscow [Russia], Mar. 26 (ANI): Russia's main opposition leader Alexey Navalny has been detained amid a tense anti-corruption protest in the heart of Moscow, according to his tweets.

Full Story >>

Pyongyang [North Korea], Mar. 26 (ANI): The North Korean military on Sunday warned the United States and South Korea against any attempt to stage a "special operation" to hit its leadership and military installations, including the nuclear arms base.

Full Story >>

Washington D. C. [USA], Mar. 26 (ANI): U.S. President Donald Trump on Sunday criticized conservative Republicans for nixing the party's ObamaCare overhaul plan, saying, "Democrats are smiling" because the conservatives saved the struggling health care law and Planned Parenthood.

Full Story >>

Moscow [Russia], Mar. 26 (ANI): The Russian Foreign Ministry has expressed disappointment over the U.S. authorities' decision to introduce sanctions against eight more Russian companies.

Full Story >>

Geneva [Switzerland], Mar. 26 (ANI): United Nations envoy to Syria Staffan de Mistura has sent a letter to the three guarantor states of the Syria cease-fire - Russia, Turkey and Iran - urging them to undertake urgent efforts to uphold the cease-fire regime during the ongoing peace talks in Geneva.

Full Story >>

London [UK], Mar. 26 (ANI): The ban on carrying some selected electronic devices by the passengers in cabins of flights from certain countries in the Middle East and Africa by the United States and United Kingdom was put considering a previously undisclosed terrorists' plot involving explosives hidden in a electronic device.

Full Story >>

Houstan [USA], Mar. 26 (ANI): Ian Grillot, who was injured while trying to intervene during the Kansas shooting incident that killed Indian engineer Srinivas Kuchibhotla, was felicitated by Indian-Americans community in Houston.

Full Story >>

Islamabad [Pakistan], Mar. 26 (ANI): A new government report obtained by the Pakistani media has revealed that the major source of funding for terror and extremist groups in the country is crime including extortion, smuggling and kidnapping for ransom.

Full Story >>

Cincinnati [United States], Mar. 26 (ANI): At least one person has reportedly been killed and several others injured after a gunman opened fire at Cameo Night Club in Cincinnati, Ohio, local U.S. media reported.

Full Story >>

Washington [United States], Mar. 26 (ANI): Pakistan Ambassador to the United States Aizaz Ahmad Chaudhry has reiterated that Islamabad wants good relations with India, but every time the dialogue process is halted, it eventually helps the terrorists to have their way.

Full Story >>

Tokyo [Japan], Marc. 26 (ANI): NEC Corporation and Netcracker Technology have announced their participation in a trial with Nippon Telegraph and Telephone Corporation (NTT) to realize the "NetroSphere Concept" for developing future communication networks.

Full Story >>

Tokyo [Japan], Marc. 26 (ANI): NEC Corporation has announced its contribution to INTERPOL's Digital Security Challenge (DSC) cybercrime investigation training held at the INTERPOL Global Complex for Innovation in Singapore.

Full Story >>

Washington [United States], Mar. 26 (ANI): Pakistan's Ambassador in the United States Aizaz Ahmad Chaudhry has said that Islamabad's historic ties with China and its efforts to forge close ties with Russia will not have an adverse effect on its traditional partnership with the United States.

Full Story >>