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  Banks brace for Rs 1000 cr loss due to waiver on debit cards usage fee: Report

  December 09, 2016 15:45 IST

  Days after the central government asked banks to waive the merchant discount rate (MDR) or transaction fee charged on debit card payments until 31 December, bankers on Friday said that such a move would only increase their losses.

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  PM Modi’s overnight currency ban can have severe economic ramifications: Manmohan Singh

  Politics | December 09, 2016 15:23 IST

  Former Prime Minister Manmohan Singh today came down heavily on the central government once again over demonetisation drive.

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  Post 50-day deadline, 'cashless' focus must stay: BJP

  Politics | December 09, 2016 8:54 IST

  Even after the 50-day deadline of Prime Minister Narendra Modi to end post-demonetisation hardships, the BJP would not like to revert to the pre-November 8 times of 'cash transactions', said a party spokesperson on Thursday.

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  70 per cent think demonetisation can help curb corruption: Survey

  India | December 09, 2016 8:28 IST

  As many as 70 percent of respondents in a survey conducted last month agree that Prime Minister Narendra Modi’s demonetisation initiative can help curb corruption in the long term.

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  Demonetisation: Supply adequate cash or face agitation, bank union warns RBI

  December 08, 2016 17:58 IST

  Facing hardship post Central government’s demonetisation move, a major banking sector union on Thursday asked the RBI to supply adequate cash to nationalised bank branches and ATMs or stop cash transactions, otherwise they may resort

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  ‘For God's sake, do your job’: President Mukherjee lambasts MPs for stalling Parliament

  Politics | December 08, 2016 19:35 IST

  With Parliament witnessing continuous adjournments due to uproar by opposition parties over demonetisation drive, President Pranab Mukherjee today said that the ‘disruption of the Parliament is not acceptable at all’.

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  Demonetisation ‘yagna’ against corruption, terrorism and black money: PM Modi

  Politics | December 08, 2016 15:16 IST

  Facing a flask from opposition parties, including the Congress, over demonetisation, Prime Minister Narendra Modi today said that Centre’s this move will benefit farmers, traders, labourers and middle-class families in long run. PM Modi posted

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  Whooping Rs 37,000 crore deposited in Jan Dhan accounts since note ban, inflows decline after govt warning

  December 08, 2016 14:14 IST

  The central government today said that the cash inflows into Jan Dhan accounts have come down significantly after it warned people not to allow their accounts to be misused for converting black money into white.

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  Demonetisation a bold step, will benefit in long-run: Assocham President Sunil Kanoria

  December 09, 2016 12:02 IST

  Leading industry chamber Assocham’s President Sunil Kanoria on Thursday said that Prime Minister Narendra Modi’s demonetisation move has started showing up its negative effect as people are now losing their jobs.

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  Opposition slams Centre for not mourning over 100 deaths due to demonetisation; RS adjourns

  Politics | December 08, 2016 13:49 IST

  Opposition parties, including the Congress, today accused the BJP-led NDA government of "shameless conduct" by refusing to mourn the death of over 100 persons due to hardships caused by demonetisation.

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  95 per cent of ATMs recalibrated, but only 35pc of them functioning post demonetisation: Report

  December 08, 2016 12:40 IST

  95 per cent of around 2.2 lakh Automated Teller Machines (ATMs) in India have been re-calibrated to dispense the new Rs 500 and Rs 2,000 notes.

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  ‘Paytm means pay to Modi’, says Rahul Gandhi; opposition stages ‘Black Day’ protest in Parliament

  Politics | December 08, 2016 12:23 IST

  The Congress-led opposition parties today staged a ‘black day’ protest near Gandhi statue in the Parliament against the government’s demonetisation policy.

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  Old notes worth Rs 12 lakh crore deposited so far: RBI

  December 07, 2016 18:56 IST

  The Reserve Bank of India (RBI) today informed that almost demonetised Rs 500 and Rs 1,000 notes worth 12 lakh crore have been deposited into banks since November 8, the day the demonetisation decision was announced.

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  MEA refers Russia’s protest over demonetisation to Finance Ministry

  Politics | December 07, 2016 15:12 IST

  The Ministry of External Affairs (MEA) today said that the letter of Russian Ambassador to India over the cash crunch has been referred to the Department of Economic Affairs, Ministry of Finance, and assured that all problems will be taken care of.

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  Expect all demonetised currency to come back to the system: FinMin

  December 07, 2016 16:39 IST

  Contrary to reports anticipating a windfall gain for the government, Revenue Secretary Hasmukh Adhia has said that the government expects the entire scrapped currency notes of Rs 500 and Rs 1,000 to come back to the banking system, following which th

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  Opposition obstructing Parliament for publicity, challenge them to begin debate: Arun Jailtey

  Politics | December 07, 2016 12:46 IST

  Finance Minister Arun Jaitley today dared the Opposition to begin the debate over demonetisation, an issue that has rocked Parliament since the Winter Session began on November 16.

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  Expelled Bengal BJP leader among seven held with Rs 33 lakh in Rs 2,000 notes

  Politics | December 07, 2016 12:34 IST

  A former West Bengal BJP leader along with six others were arrested with bundles of new Rs 2,000 notes worth Rs 33 lakh from here.

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  PM Modi hails ‘people’s support’ on demonetisation, slams opposition for obstructing debate in Parliament

  Politics | December 07, 2016 12:17 IST

  Prime Minister Narendra Modi today condemned the opposition parties for creating an impasse and obstructing a debate on major reforms including demonetisation in Parliament.

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  Policy rate unchanged at 6.25 pc; RBI cuts growth forecast to 7.1 pc

  December 07, 2016 23:22 IST

  The Reserve Bank of India (RBI) today kept the key lending rates at 6.25 per cent during the last monetary policy review of the calendar year 2016. The reverse repurchase rate now also automatically stands lowered to 5.75 per cent.

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  Cash, jewellery worth Rs 130 cr seized post demonetisation, 30 cases referred to ED

  December 06, 2016 19:45 IST

  Cash and jewellery worth Rs 130 crore have been seized and Rs 2,000 crore of undisclosed wealth has been admitted by taxpayers after demonetisation.