A bank officer in Jammu displays a bunch of new ~2000 notes, while customers queue up to withdraw cash. Photo: PTI

Government will not gain if demonetisation succeeds in curbing black money

Gurbachan Singh: Note ban's counterintuitive effects

Business Standard

The new Rs 2000 note issued after the government declared that existing Rs 500 and Rs 1000 notes were no longer legal tender

Scrapping high-value currency notes is unlikely to make a major dent in the black money problem unless accompanied by structural reforms in the rest of the economy

Gurbachan Singh: Demonetisation: A closer look

You may not believe it but data show average real appreciation in residential property in urban India over 2007-14 was zero

Does a housing investment pay at all?

The legendary Sunil Gavaskar on Thursday criticised Virat Kohli for his heated altercation with young Australian debutant Sam Konstas, saying there was "no need" for the incident and the Indian star wouldn't want his legacy to be tarnished by such episode.
Kohli was fined 20 per cent of his match fee and awarded one demerit point for breaching Level 1 of the ICC Code of Conduct after he and Konstas bumped shoulders in the 10th over of the Australian innings on the opening day of the fourth Test here.
"Well I'm not sure what was the reason but there really was no need for that, we don't need to have this in any grade of cricket, certainly not at the highest level. You can play very very competitive cricket without getting physical," Gavaskar told India Today.
"I think we all want to remember Kohli as one of the greatest cricketers ever in the game and not as somebody who was fined whatever it is or censured by the ICC, we don't want to want to hear that.
"You don't want a legacy lef

Virat Kohli and Sam Konstas

Erling Haaland missed a penalty as Manchester City was held 1-1 by Everton in the Premier League on Thursday.
Haaland had the chance to set the four-time defending champion on course for only its second win in 13 games when stepping up for a 53rd minute spot kick at the Etihad Stadium. But he was denied by Everton goalkeeper Jordan Pickford as City's woeful recent run was extended.
Pep Guardiola's team has lost nine of its last 13 games in all competitions. The draw means City picked up only its fifth point in the league since the end of October.
Bernardo Silva's deflected shot gave City the lead in the 14th, but Iliman Ndiaye leveled the score in the 36th.
The result leaves City sixth in the standings and 11 points behind leader Liverpool, having played two games more.
Haaland missed penalty means the Norway international has only scored one in his last seven games. He headed in from the rebound, but the goal was ruled out for offside.
City's grip on its title was further loosen

Erling Haaland Premier League

Two-time Grand Slam champion Simona Halep pulled out of Australian Open qualifying and a tuneup tournament in Auckland, New Zealand, on Thursday because of pain in her knee and shoulder, the latest interruption of her comeback from a drug suspension.
Halep posted on social media that she was feeling poorly after participating in an exhibition event in Abu Dhabi.
After discussing with my team at length, we agreed it is sensible to delay the start of my season, Halep wrote. It's not what I wanted.
The 33-year-old Romanian said she is planning to next enter the Transylvania Open in her home country, where play begins Feb. 3.
Last week, Halep was granted a wild-card entry for qualifying in the Australian Open. She was the runner-up at Melbourne Park in 2018 and won major titles at the French Open later that year and at Wimbledon in 2019. She has been ranked as high as No. 1 but is currently 877th and hasn't played at any Grand Slam tournament since 2022 after missing all tournaments fo

Romania's Simona Halep reacts after beating Amanda Anisimova of the US in a women's singles quarterfinal match on day ten of the Wimbledon tennis championships in London (Photo: AP/PTI)

Romania's Simona Halep

Sam Konstas tore the MCC coaching manual to shreds with his brazen batting approach and flippant treatment of an intimidating Jasprit Bumrah, former India coach Ravi Shastri said on Thursday, adding that the Australian teenager reminded him of legendary Virender Sehwag.
Konstas, 19, grabbed eyeballs with his scintillating batting on Test debut. He had the Indian camp in disbelief with his bold ramp shots off Bumrah, one of the most revered fast bowlers in modern-day cricket.
"I don't think anyone's taken or treated Bumrah like that in any format of the game, let alone red-ball cricket," Shastri told Star Sports.
"For him to go out there with that swag and attempt some outrageous shotsit was something else. He tore that MCC coaching manual to shreds."
Shastri said at one point, it felt like "India had run out of ideas".
"They actually didn't know what hit them. Initially, he missed the first two shots, and there was a smile on the faces of the Indian players. They thought, If he ta

Sam Konstas

"It was just another day for him" but not for a filled-to-capacity MCG as 19-year-old Sam Konstas went after a modern-day pace great with the ferocity of a Greek warrior, refused to back down from a confrontation and showed utter disdain for the archaic defence-first approach against India.
It wouldn't be wrong to say that the sensation from Sydney, who is of Greek descent, made a debut to remember at the Boxing Day Test and created the impact that the Australian team management wanted from him.
"I reckon maybe 20-30 years ago, people were probably saying defend a lot, just about all day but I think for new generation, there are new shots," Konstas said after a 65-ball 60, that included a couple of audacious sixes in the peerless Jasprit Bumrah's first spell.
"It's exciting for me obviously, I like doing that, putting pressure back on the bowlers and hopefully it pays off in the next innings," not for once he sounded arrogant but the confidence was quite stunning to observe.
At the

Dr Singh, 92, was admitted to Aiims Delhi's emergency ward late Thursday and had been battling health issues for a while

Manmohan Singh

The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high living costs, if they opt for a 2020 tax system that strips exemptions like housing rentals

income tax

Markets Today LIVE: As markets in India and around the world reopen after the Christmas holiday, investors here are looking to ride the so-called Santa Clause rally driving Wall Street higher

The average daily trading volume (ADTV) for the futures and options segment climbed to a new record high of Rs 537 trillion in September, rising 7.2 per cent on a month-on-month basis. The ADTV for the cash segment, however, fell nearly 4 per cent to

Latest news updates: Catch all the latest news developments from across the world here

Shares of Vantage Knowledge Academy surged 4.98 per cent after the company announced plans to consider issuing bonus shares as well as interim dividend payment

Indian Share market, BSE, Stock market

Here are the best of Business Standard's opinion pieces for today

Amazon forest

The Directorate of Education on Monday asked schools in Delhi to prevent the enrolment of "illegal Bangladeshi migrants" by ensuring a strict document verification process during admission.
"Schools must ensure strict admission procedures, verification of students' documentation to prevent illegal Bangladeshi migrants' enrolment... implementation of greater scrutiny to detect and prevent unauthorised admissions of illegal Bangladeshi migrants, in particular," according to the circular.
It directed the heads of all government, government-aided and unaided recognised private schools to refer to the local police and the revenue authority any case where they have doubts.
The Directorate of Education further instructed the school heads to ensure that a careful process is followed to verify and handle all necessary documentation when enrolling the children of migrants.
The District Directorate of Education (districts/zones) were directed to submit weekly reports of all such cases to the 

Student, Study, School, Class, Students

Uttar Pradesh Chief Minister Yogi Adityanath on Monday said that at a time when many countries are at war, Prime Minister Narendra Modi is binding the world in the thread of peace, harmony and unity through the message of Lord Buddha.
Welcoming a delegation led by Governor of Japan's Yamanashi Province Kotaro Nagasaki at his official residence here, Adityanath described UP as a state of "Unlimited Potential".
An MoU was signed between the Uttar Pradesh government and Yamanashi Prefecture (Japan) for industrial cooperation, tourism and vocational education in the presence.
"The roots of strategic, cultural and global cooperation have been connected between the two countries for more than a millennium. Today, when many countries of the world are at war, Prime Minister Shri Narendra Modi is binding the world in the thread of peace, harmony and unity through the message of Lord Buddha," Adityanath said.
"The strong relations between Prime Minister Narendra Modi and former Prime Ministe

Yogi Adityanath, yogi, UP CM

President-elect Donald Trump has once again suggested he wants to revert the name of North America's tallest mountain  Alaska's Denali  to Mount McKinley, wading into a sensitive and decades-old conflict about what the peak should be called.
Former President Barack Obama changed the official name to Denali in 2015 to reflect the traditions of Alaska Natives as well as the preference of many Alaska residents. The federal government in recent years has endeavored to change place-names considered disrespectful to Native people.
Denali is an Athabascan word meaning the high one" or the great one. A prospector in 1896 dubbed the peak Mount McKinley after President William McKinley, who had never been to Alaska. That name was formally recognized by the U.S. government until Obama changed it over opposition from lawmakers in McKinley's home state of Ohio.
Trump suggested in 2016 that he might undo Obama's action, but he dropped that notion after Alaska's senators objected. He raised it aga

Donald Trump

The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the approval of Sapphire Media's resolution plan for acquiring Big 92.7 FM, owned by Reliance Broadcast Network Limited, dismissing a batch of appeals filed by Radio Mirchi, Orange FM, and others.The NCLAT Bench, comprising Chairperson Justice Ashok Bhushan and Technical Member Barun Mitra, concluded, "After considering the submissions, we find no grounds to interfere with the NCLT's order dated May 6, 2024, and consequently, the appeals are dismissed."Earlier, the National Company Law Tribunal (NCLT) cleared Sapphire Media's resolution plan in a ruling on May 6, 2024, with the plan being filed for approval by the resolution professional in NCLT Mumbai.The decision made by the National Company Law Tribunal (NCLT) was contested by the unsuccessful bidders, Abhijit Realtors  &  Infraventure and Creative Channel Advertising  &  Marketing, who filed a set of five appeals before the NCLAT. The appellants claimed ..

The meeting was chaired by the Prime Minister and attended by Finance Minister Nirmala Sitharaman, Chief Economic Adviser V Anantha Nageswaran, and NITI Aayog officials

Prime Minister Narendra Modi with Finance Minister Nirmala Sitharaman during a discussion with economists in New Delhi on Tuesday | Photo: PTI

This initiative aims to prepare India's workforce for the quantum revolution, positioning the nation as a global leader

quantum technology

REER represents the inflation-adjusted, trade-weighted average value of a currency against its trading partners

Rs, Rupee, Indian Currency

Delhi's women welfare and health departments warned the public against registrations for AAP's promised women and healthcare schemes, calling them non-existent and cautioning against potential fraud

Atishi marlena, Atishi, Delhi CM, Kejriwal, Arvind Kejriwal, Manish Sisodia, Manish

Nano urea sales dropped by a steep 43.2 per cent in FY24 from the previous year, despite production capacity rising by almost 59 per cent in that period

Gurbachan Singh

Gurbachan Singh

Page 3 - Gurbachan Singh

Gurbachan Singh: Note ban's counterintuitive effects

Demonetisation: A closer look

Does a housing investment pay at all?

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There really was no need for that, Kohli won't want such legacy: Gavaskar

Haaland misses penalty as Man City drop points in 1-1 draw with Everton

Halep withdraws from Australian Open 2025 qualifying round due to injury

IND vs AUS - Konstas tore MCC coaching manual to shreds: Ravi Shastri

IND vs AUS 4th Test: Konstas says assault on Bumrah was pre-meditated

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Former PM Manmohan Singh, architect of modern India's economy, passes away

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