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  Demonetisation may lead to temporary slowdown of economy, warns President Mukherjee

  India | January 05, 2017 18:25 IST

  President Pranab Mukherjee on Wednesday warned that the Centre’s move to demonetise 86 per cent of total cash in circulation may lead to temporary slowdown of the economy.

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  Estimates of scrapped notes back with banks may be incorrect, still collecting data: RBI

  January 05, 2017 18:18 IST

  Reserve Bank of India on Thursday said such estimates may not be correct as it is still in the process of counting scrapped notes of Rs 500 and Rs 1000 which have been deposited to banks.

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  97 pc of scrapped notes deposited in banks: report

  January 04, 2017 20:51 IST

  Nearly 97 per cent of scrapped Rs 500 and Rs 100 notes have been deposited in the banks, a media report said today.

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  Assembly elections: BJP expects gains from note ban, Congress hopes for ‘free and fair’ polls

  Politics | January 04, 2017 19:54 IST

  The Congress on Wednesday urged the Election Commission to ensure free and fair polls while the BJP exuded confidence of victory due to the positive undercurrent post demonetisation.

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  Unable to exchange junked notes, woman goes topless in protest at RBI gate

  India | January 04, 2017 16:14 IST

  A frustrated poor woman who was unable to get a few junked currency notes exchanged became topless in front of the RBI’s regional office in the capital on Wednesday. The woman, who was with her

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  GST: states demand tax on high sea sales, higher compensation post-demonetisation

  January 03, 2017 21:49 IST

  States on Tuesday asked for more compensation to deal with revenue loss estimated at Rs. 90,000 crore post demonetisation and sought an increase in the number of items on which cess is to be levied for the purpose.

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  Home, corporate loans to be cheaper as banks cut lending rates after demonetisation

  January 03, 2017 0:03 IST

  As banks move to reduce benchmark lending rates after spurt in deposits following demonetisation, housing, auto and corporate loans are all set to become cheaper.

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  I-T lens on jewellers for sale of 4 tonnes of gold in two days after ‘note ban’

  January 02, 2017 14:28 IST

  A survey conducted by the Directorate General of Central Excise Intelligence (DGCEI) has found that over four tonnes of gold worth over Rs 1,250 crore was sold within 48 hours of the announcement of the ‘demonetisation’ drive.

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  Arvind Panagariya raises concern over harassment of taxpayers post-demonentisation: Report

  India | January 02, 2017 10:29 IST

  Arvind Panagariya, vice chairperson of Niti Aayog, is learnt to have written to the Prime Minister’s Office stressing on the need to specify rules to ensure that people, especially women, are not made to suffer for having deposited old notes

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  Can’t reveal if FM, CEA were consulted before demonetisation: RBI

  January 01, 2017 20:54 IST

  50 days after the decision to demonetise high-value currency notes of Rs 500 and Rs 1000 notes were announced by Prime Minister Narendra Modi on November 8, the Reserve Bank of India continues to maintain

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  Deposits in Jan Dhan accounts double to Rs 87,000 cr, over Rs 3,200 cr withdrawn in last fortnight

  January 01, 2017 13:00 IST

  The deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post-demonetisation.

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  PM Modi announces two new cheap housing schemes; steps to empower farmers, women, senior citizens

  Politics | December 31, 2016 20:27 IST

  Prime Minister Narendra Modi is addressing the nation on New Year’s eve. According to reports, the Prime Minister is expected to spell out the post-demonetisation roadmap.

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  Demonetisation: Deadline to deposit old notes in banks ends today

  December 30, 2016 10:45 IST

  The 50-day deadline to deposit the old Rs 500 and Rs 1,000 notes in banks comes to an end today. However, people will still have time to exchange the currency notes at designated RBI counters till March 31 after giving valid reasons for not depositin

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  Demonetisation will have transformative effect on Indian economy: RBI Governor

  December 30, 2016 9:18 IST

  RBI Governor Urjit Patel today said the demonetisation exercise will have "far reaching changes" towards a transformative effect on the economy going forward, despite some short-term disruptions and "public hardship".

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  Demonetization: Can it make India a cashless economy?

  December 29, 2016 19:39 IST

  If there is one thing that has gripped the attention and discourse across the country, it is demonetization. On November 8, Prime Minister Narendra Modi announced the government’s decision to scrap 500- and 1000-rupee notes.

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  RBI refuses to give reasons behind demonetisation

  December 29, 2016 17:05 IST

  Fifty days after the government’s decision of demonetisation, India's central banker Reserve Bank of India (RBI) declined to give reasons behind the scrapping of Rs 500 and 1000 old notes, saying that the purposes for

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  Note printing likely to drop by 6 million as workers at Salboni press refuse to work overtime

  India | December 29, 2016 9:14 IST

  A section of employees at West Bengal's Salboni currency printing press have decided to not work beyond nine hours shift citing health issues, a move that is likely to impact the printing of currency notes.

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  Old notes can be used for paying tax, penalty under PMGKY

  December 22, 2016 23:20 IST

  Government today clarified that payment towards tax, surcharge, penalty and deposit under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) can be made with demonetised high value notes.

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  Mamata declares war, announces TMC’s ‘Modi Hatao Desh Bachao’ campaign from Jan 1

  Politics | December 22, 2016 19:41 IST

  West Bengal Chief Minister Mamata Banerjee today announced the launch of Modi Hatao Desh Bachao campaign in all districts of West Bengal from January 1.

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  PM Modi snatching money from poor to waive off loans of rich: Rahul Gandhi

  Politics | December 21, 2016 16:48 IST

  Congress vice-president Rahul Gandhi on Wednesday targeted Prime Minister Narendra Modi over the demonetisation of Rs 500 and Rs 1000 notes saying that the move was aimed to waive off loans of rich people by taking money from the poor.