Demonetisation Effect
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Demonetisation ‘decision of the century’, will change nation’s mindset: Jitendra Singh
National | Nov 18, 2016, 10:23 AM ISTCalling demonetisation the "decision of the century", Minister of State in the PMO Jitendra Singh on Thursday said that it would not only streamline India's economy, but would also revolutionise the nation’s mindset
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Maharashtra: Thieves leave Rs 500, Rs 1,000 notes, stole change including coins
India | Nov 18, 2016, 06:15 AM ISTThieves and robbers also appear to be hit hard by the demonetisation drive of the central government. In two separate incidents in Nashik and Dhule districts of north Maharashtra, thieves and robbers did not even
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Demonetisation: Petrol pumps begin dispensing cash up to Rs 2,000 through cards
Nov 18, 2016, 07:35 PM ISTPublic sector oil companies have announced that cash will be dispensed at 2,500 petrol pumps across the country by using credit or debit cards on Point of Sale (POS) machines.
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Around 6 months needed to replenish Rs 500 notes, here is the math
Nov 17, 2016, 08:22 PM ISTWill the new notes of Rs 500 and Rs 2000 which replace the demonetised currency of Rs 500 and Rs 1000 find itself in circulation soon?
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Those opposing demonetisation exposing themselves: Amit Shah blasts opposition parties
National | Nov 17, 2016, 07:40 PM ISTComing down heavily on opposition parties for protesting against the demonetisation move, Bharatiya Janata Party (BJP) president Amit Shah today said that ‘those opposing the exercise were exposing themselves as anyone who is clean has no reason to q
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Note ban killed more people than Uri attacks, says Ghulam Nabi Azad; ruling MPs fume
National | Nov 17, 2016, 06:59 PM ISTRajya Sabha today witnessed a sharp clash after Leader of Opposition Ghulam Nabi Azad’s apparent comparison between the deaths during demonetisation crisis and the Uri terror attack casualties.
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Demonetisation: No question of rollback, Opposition trying to scuttle discussion, says government
National | Nov 17, 2016, 06:28 PM ISTUnion Finance Minister Arun Jaitley today rejected the demand of the Chief Ministers of Delhi and West Bengal to scrap the demonetisation decision and said that the ruckus by opposition parties in Parliament was a deliberate attempt to scuttle a cons
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Modi’s note ban has hit informal sector hard, could become ‘costly political joke’: Chinese media
World | Nov 17, 2016, 05:54 PM ISTTwo separate critiques of the move by Chinese experts question whether the decision to invalidate Rs 500 and Rs 1000 notes would in fact be enough to tackle unaccountable cash.
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As Kejriwal, Mamata knock at RBI's door, pro-Modi slogans raised in protest
National | Nov 17, 2016, 05:50 PM ISTDelhi Chief Minister Arvind Kejriwal, who addressed a rally against demonetisation at Azadpur Mandi and later turned up at the Reserve Bank of India office, faced protest at both venues with people raising slogans in favour of PM Modi.
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22,500 ATMs to be recalibrated today, no plans to bring new Rs 1,000 notes: Arun Jaitley
Nov 17, 2016, 04:11 PM ISTUnion Finance Minister Arun Jaitley today said that the government’s decision to reduce the exchange limit from Rs 4,500 to Rs 2,000 is aimed at stopping the misuse of this facility and funds as well.
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Demonetisation: Opposition finding excuses to scuttle debate, says Venkaiah Naidu
National | Nov 17, 2016, 04:01 PM ISTThe government today accused the opposition parties of finding excuses to scuttle a debate on demonetisation as it had boomeranged and gone against them.
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Signs of normalcy in parts of Kashmir; little panic on demonetisation move
India | Nov 17, 2016, 01:58 PM ISTSome shops opened while passenger vehicles plied in some areas of Srinagar and other towns of Kashmir today where banks witnessed heavy rush of customers due to demonetisation of Rs 500 and Rs 1,000 notes.
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Demonetisation: At Kejriwal’s rally in Delhi, pro-Modi slogans, black flags
National | Nov 17, 2016, 01:16 PM ISTIn an embarrassment of sorts for Delhi Chief Minister Arvind Kejriwal, scores of people protesting near the dais ahead of the AAP supremo’s rally against demonetisation at Azadpur Mandi in the national capital began raising slogans in favour of Prime
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Demonetisation: Opposition stalls Parliament over PM's response
National | Nov 17, 2016, 03:34 PM ISTAmid ongoing uproar over demonetisation, both houses in Parliament were adjourned repeatedly as a united opposition including the Congress, the Trinamool Congress and the Left parties, continued to protest and asked Prime Minister Narendra Modi
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Centre moves SC to stay proceedings against demonetisation in various courts
India | Nov 17, 2016, 12:29 PM ISTThe Centre today approached the Supreme Court seeking stay on the proceedings before various High Courts and other courts against its demonetisation decision.
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Relief for farmers, agri-traders and families celebrating wedding; exchange limit cut to Rs 2000
Nov 17, 2016, 02:29 PM ISTAmid unprecedented rush to banks and ATMs due to the massive cash crunch in the country, centre today announced another set of measures to ease out the problems faced by general public. Families can withdraw
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Doctor detained with Rs. 70 lakh cash in Rs. 100 denomination in Delhi
India | Nov 17, 2016, 10:17 AM ISTA paediatrician was detained Wednesday for allegedly possessing around Rs. 70 lakhs in Rs. 100 denominations in central Delhi's Paharganj area, police said. The doctor, identified as Nallal, was allegedly putting bundles of cash
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Demonetisation: To ease pressure, 12,500 ATMs being recalibrated every day
Nov 17, 2016, 08:54 AM ISTIn an attempt to make the country’s two lakh ATMs attuned to deliver new currency notes to the long queues, about 12,500 ATMs are being recalibrated every day to dispatch new Rs 500 and Rs 2,000 notes.
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Around 40 deaths reported since centre launched demonetisation drive
India | Nov 17, 2016, 07:52 AM ISTNearly 40 deaths – including suicides, cardiac arrests in long queues, hospital casualties and a murder in a fit of rage – in the past few days have been attributed to demonetisation.
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Demonetisation effect: SBI slashes FD rates on select maturities by 0.15 pc
Nov 17, 2016, 07:13 AM ISTWith huge inflow of cash due to the demonetisation drive of the government, State Bank of India (SBI) Wednesday slashed fixed deposit rates on select maturities by up to 0.15 percent. Term deposit of