Demonetisation Drive
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Demonetisation: Why did RBI change its stand on citizens depositing old currency till March 31, asks SC
Mar 21, 2017, 02:48 PM ISTThe Supreme Court today asked the central government to explain the reason behind the Reserve bank of India (RBI) changing its stand on citizens depositing old currency notes till March 31.
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Mukesh Ambani lauds PM Modi's demonetisation, digital drives
Mar 18, 2017, 03:31 PM ISTReliance Industries Chairman Mukesh Ambani on Saturday lauded Prime Minister Narendra Modi for his demonetisation move and digital drives.
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After demonetisation, Rs 6000 crore tax collected on unexplained cash deposits: SIT on black money
India | Mar 18, 2017, 09:42 AM ISTThe Special Investigation Team (SIT) on black money revealed on Friday that after demonetisation, the central government has collected around Rs 6,000 crore as tax on unexplained cash deposits so far.
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Know the cost of printing new Rs 500 and Rs 2,000 notes
Mar 16, 2017, 01:18 PM ISTAccording to the government’s reply in the Parliament on Wednesday, the cost of printing a new Rs 500 currency note is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for a Rs 2,000 note.
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Demonetisation: Intention was to make you alive to the situation, says SC to Centre
India | Mar 10, 2017, 07:14 PM ISTThe Supreme Court on Friday said that its order seeking the prompt replies from the Centre and the RBI on a plea against alleged tweaking of rules on exchange of demonetised currency was intended to
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Can't disclose if Jaitley was consulted on demonetisation: Finance Ministry
Mar 05, 2017, 11:39 AM ISTThe Finance Ministry has refused to disclose whether its boss Arun Jaitley was consulted before the announcement of demonetisation by Prime Minister Narendra Modi.
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Banned Indian notes in Nepal will be exchanged soon: Jaitley
Mar 04, 2017, 09:25 AM ISTFinance Minister Arun Jaitley on Friday said the currency notes scrapped by his country on November 8 last year but still in Nepal's financial system will be exchanged soon.
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Demonetisation a fundamental failure of policy design: Rahul Gandhi
National | Mar 04, 2017, 08:33 AM ISTCongress vice-president Rahul Gandhi has said the Narendra Modi government's decision to demonetise high-value currency notes was a "fundamental failure of policy design".
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All banks must enable mobile banking by March 31: Govt
Mar 04, 2017, 07:43 AM ISTThe government has asked all banks to provide mobile banking facility to all customers by the end of the current fiscal.
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Demonetisation to have positive impact on Indian economy: World Bank CEO
Mar 03, 2017, 07:54 AM ISTThe government’s decision to scrap old Rs 500 and Rs 1,000 notes, in an attempt to fight corruption and black money, will have a profound and positive impact on India’s economy, World Bank CEO Kristalina Georgoieva has said.
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EC asks BSP to explain money deposits post demonetisation
National | Mar 03, 2017, 06:49 AM ISTActing on a plea alleging that the Bahujan Samaj Party (BSP)deposited huge amounts of cash in its accounts post demonetisation, the Election Commission (EC) on Thursday sought response from the party.
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GDP number belies exaggerated claim of note ban impact: Arun Jaitley
Mar 01, 2017, 07:18 PM ISTFinance Minister Arun Jaitley today said a 7 per cent expansion in third quarter belies exaggerated claims of note ban impact on rural economy.
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‘Hard work more powerful than Harvard’: Modi’s veiled dig at Amartya Sen on note ban
National | Mar 01, 2017, 06:43 PM ISTPrime Minister Narendra Modi today took potshots at economists saying that hard work is more powerful than Harvard.
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Note ban pulls down Q3 GDP growth in India to 7 pc, full year growth retained at 7.1 pc
Feb 28, 2017, 10:10 PM ISTIndia's economy expanded by 7 per cent in the third quarter of this financial year.
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Black money crackdown: Govt has 7 lakh shell cos on its target
Feb 28, 2017, 11:26 AM ISTThe CBDT believes that deregistering of these 6-7 lakh ‘dormant’ firms will bring an end to "institutional money laundering" in the country
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Cash deposits of over Rs 5 lakh to attract I-T scrutiny
Feb 22, 2017, 09:03 AM ISTUnder 'Operation Clean Money', the Income Tax Department has decided to crack whip on those who fail to provide the details of cash deposits of Rs 5 lakh or more during the 50-day long demonetisation drive (November 8 to December 31, 2016).
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Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman
Feb 21, 2017, 11:16 PM ISTThe CBDT has refrained tax officials from issuing threat, warning or show-cause notice to taxpayers contacted by it under Operation Clean Money.
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RBI readies plan to launch new Rs 1,000 notes: Report
Feb 21, 2017, 02:16 PM ISTJust over three months after a mammoth demonetisation exercise undertaken by the government, the Centre and the Reserve Bank of India (RBI) are now believed to have come up with a new plan to launch a new series of Rs 1,000 notes.
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Weekly cash withdrawal limit for saving accounts hiked to Rs 50,000
Feb 20, 2017, 11:34 AM ISTStarting today, the cash withdrawal limit from saving accounts is set to go up to Rs 50,000 per week.
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Manipur: Demonetisation, blockade hit traders dealing with poll material
India | Feb 18, 2017, 06:01 PM ISTAmid the ongoing economic blockade in Manipur, the traders dealing with poll materials have been hit badly due to dearth of raw materials. “Every time during the elections, we bring in lot of raw materials