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  New notes are going through back-doors while common man is cash-starved: Congress

  Politics | December 19, 2016 7:38 IST

  Dubbing Prime Minister Narendra Modi's demonetisation scheme as a "disastrous movement", Congress on Sunday targeted RBI saying people have "lost faith" in the "banking system" Senior Congress leader and party's chief spokesperson Anand Sharma allege

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  RBI has pumped in Rs 5.5 lakh cr in new currency post demonetisation

  December 18, 2016 7:42 IST

  India's central banking institution, the Reserve Bank of India (RBI) has supplied as much as Rs 5.50 lakh crore in new currency to the banking system so far and more currency will be infused in

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  Cash crunch woes will be largely over by Dec 30, Amit Shah tells Aap Ki Adalat

  Politics | December 17, 2016 14:30 IST

  BJP President Amit Shah has said that the 50-day deadline, ending December 30, was fixed after much "careful planning", and most of the cash crunch woes at ATMs and banks would be over by this deadline. Business in factories will be back to normal in

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  RBI speeds up efforts towards cashless economy, now lowers charges on debit card payments up to Rs 2,000

  December 17, 2016 9:04 IST

  In a bid to incentivise greater adoption of digital payment methods, the Reserve Bank of India (RBI) has announced special measures to be adopted between January 1 and March 31 next year.

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  ‘Indian IT sector has escaped demonetisation effects’

  December 16, 2016 6:51 IST

  India's information technology sector is one that has escaped the depressing impact that demonetisation has had on economic activity in the country, an IT corporate leader has said.

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  Rs 35 lakh in new notes seized from two Jaipur businessmen

  India | December 15, 2016 17:39 IST

  Rajasthan Police has arrested two Jaipur-based businessmen allegedly with Rs 35 lakh in new currency notes while they were exchanging old notes.

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  Bengaluru: Rs 2.25 crore in new Rs 2,000 notes, guarded by elderly woman's two dogs, seized

  India | December 15, 2016 6:35 IST

  The Income Tax (IT) department on Wednesday seized Rs 2.89 crore in unaccounted cash, mostly in new Rs 2,000 notes, from an upscale apartment at Yeshwanthpura, in northwestern Bengaluru. "Unexplained cash of Rs.2.89 crore,

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  Demonetisation woes: OPEC production cut will have adverse impact on Indian economy

  December 14, 2016 14:30 IST

  Even as the Indian economy struggles to cope with the fallout of demonetisation, the production cut announced by the Organisation of Petroleum Exporting Countries may further add to its woes. The Indian basket of crude

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  Demonetisation effect: Banks see Rs 1 lakh crore drop in loan growth in a fortnight

  December 14, 2016 11:58 IST

  With banks already struggling to cope up with bad loans, Centre's shock move to demonetise higher denomination notes has resulted in credit growth plunging by Rs 1 lakh crore in the fortnight that ended November

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  Furore over Rijiju controversy and currency ban in Parliament, LS adjourned for day

  Politics | December 14, 2016 12:42 IST

  With the government and the opposition at loggerheads over currency ban, parliament has witnessed near-total disruption in the winter session. Bracing for a showdown in Parliament, the BJP and Congress have instructed their members in

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  Over Rs 1 crore in Rs 2,000 notes seized in Thane, 3 held

  India | December 14, 2016 6:36 IST

  Police on Tuesday evening seized more than Rs. 1 crore in the new currency notes and detained three persons in Thane. Senior police inspector Nitin Thackeray who led the team which seized the notes from

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  India's November retail inflation falls to 3.63 pc amid cash crunch

  December 13, 2016 19:16 IST

  ndia's annual retail inflation eased last month to 3.63 per cent from 4.20 per cent in October and 5.41 per cent reported during the corresponding period last year.

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  Rs 33 lakh cash in 2,000-rupee notes seized in Navi Mumbai, five held

  India | December 13, 2016 16:07 IST

  In two separate cases, Maharashtra Police seized Rs 33 lakh cash in Rs 2,000 denomination from Navi Mumbai and Ulhasnagar in Thane Monday evening.

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  All CBSE affiliated schools to go cashless from January 2017

  India | December 13, 2016 14:03 IST

  After Prime Minister Narendra Modi’s appeal to promote cashless transactions in the country, the Central Board of Secondary Education (CBSE) has asked all schools affiliated with it to stop accepting student’s fee in cash from January 2017.

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  ‘Demonetisation’ likely to fetch government Rs 2.5 lakh crore, says BRICS bank chief

  December 13, 2016 21:45 IST

  BRICS bank President M V Kamath has said that Prime Minister Narendra Modi’s decision to demonetise Rs 100 and Rs 500 notes is likely to fetch the Indian government around Rs 2.5 lakh crore.

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  Demonetisation effect: 23% drop in rural hiring under MGNREGA scheme

  India | December 13, 2016 10:02 IST

  The huge cash crunch in the country following Prime Minister Narendra Modi's surprise announcement to demonetise higher currency notes has led to a sharp downfall in guarantee scheme jobs. The number of households getting work

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  Notebandi is nasbandi for anti-national elements, says Rajnath Singh

  Politics | December 11, 2016 20:46 IST

  Praising Prime Minister Narendra Modi’s decision of scrapping old notes of Rs 500 and Rs. 1000 notes, Home Minister Rajnath Singh today said notebandi decision has resulted in 'nasbandi' of anti-national elements and hoarders of

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  SBI to soon launch credit card with Rs 25,000 limit to tap low-income individuals

  December 11, 2016 18:15 IST

  At a time when cash crunch gripping the country these days, public sector bank SBI has decided to launch a credit card with a cap of Rs 25,000 for those at the lower strata of

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  Cash crunch may escalate during three-day bank holiday

  December 10, 2016 18:49 IST

  With three-day bank holiday starting today and a majority of ATMs still not functioning, the cash crunch in the country may escalate further leaving residents high and dry for want of cash during the weekend.

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  Over Rs 240 crore in new currency seized in raids post demonetisation: Report

  India | December 10, 2016 14:42 IST

  The ripples created by unexpected Prime Minister Narendra Modi’s move to demonetise Rs 500 and Rs 1,000 currency notes, continue to be felt across the nation even after a month of its announcement.