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  Cash circulation doubles from demonetisation low; hits record at over Rs 18 lakh crore

  Business | June 11, 2018 11:28 IST

  The figures for both 'currency with the public' and 'currency in circulation' have also exceeded the levels seen before the government's demonetisation decision on November 8, 2016, that saw nearly 86 per cent of the currency in circulation at that time being invalidated overnight by scrapping the then Rs 500/1,000 banknotes.

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  Nitish Kumar makes U-turn, questions benefits of demonetisation

  India | May 26, 2018 20:57 IST

  Slamming banks for allegedly helping rich and powerful manage their cash during the note-ban, the Bihar chief minister alleged that some powerful people shifted their cash from one place to another.

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  India fastest growing economy at 7.4 per cent in 2018: IMF

  Business | May 09, 2018 11:00 IST

  However, it added a note of caution: "In India, given increased inflation pressure, monetary policy should maintain a tightening bias."

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  Demonetisation led to all-time high amount of fake currency, suspicious transactions

  Business | April 20, 2018 16:35 IST

  The banks, including those in the private, public and cooperative sectors, and other financial institutions collectively generated 400 per cent more suspicious transaction reports (STRs) at over 4.73 lakh such dossiers during 2016-17.

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  'Printing presses operating 24x7, generating Rs 500, 200 notes'

  Business | April 19, 2018 13:44 IST

  Normally a currency printing cycle is of 15 days, meaning thereby the increased number of currencies which are being printed beginning this week would be available only towards the end of this month.   

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  Cash crunch crisis will be resolved by tomorrow: SBI chief Rajnish Kumar

  Business | April 19, 2018 13:39 IST

  Kumar said there are certain areas where there is a problem with running of ATMs and availability of cash of particular denomination.

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  Reality check of cash crunch in parts of India

  News | April 18, 2018 11:26 IST

  In fact, the first signs of a shortage came from Karnataka and Telangana,” Balasubramanian said. Parts of Uttar Pradesh, Madhya Pradesh and Ahmedabad in Gujarat are facing problems.

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  ATM cash crunch: Adequate currency in circulation, public should not panic, says Arun Jaitley

  News | April 18, 2018 10:27 IST

  Denying that there is any shortage of currency in circulation, Finance Minister Arun Jaitley said the "temporary shortage" in certain states is being "tackled quickly" and that there is "more than adequate" currency in circulation.

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  ATMs go dry across nation; govt says no currency shortage; RBI cites logistical issues

  Business | April 18, 2018 9:44 IST

  A statement from the Finance Ministry confirmed reports of cash shortages and some ATMs running dry or becoming non-functional in some parts of the country.

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  ATMs running out of cash remind me of demonetisation days: Mamata Banerjee

  National | April 17, 2018 14:19 IST

  Amid reports of ATMs running dry in several states, West Bengal Chief Minister Mamata Banerjee on Tuesday said it reminds her of the demonetisation days.  

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  Cash crunch returns as ATMs go dry in several states; FM Arun Jaitley says 'situation being tackled quickly'

  Business | April 17, 2018 14:03 IST

  A majority of ATMs in Bihar, Uttar Pradesh, Madhya Pradesh, Gujarat, Andhra Pradesh and Telangana have gone dry, forcing the people run from one ATM to another in search of cash.

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  'Rs 2,000 notes are vanishing', MP CM Shivraj Singh Chouhan alleges conspiracy

  India | April 16, 2018 21:51 IST

  Madhya Pradesh Chief Minister Shivraj Singh Chouhan today claimed that Rs 2,000 notes were vanishing from the market, and alleged that there was a “conspiracy” behind it.

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  Demonetisation was 'not a good idea', implementation was 'not well-planned': Raghuram Rajan

  Business | April 12, 2018 17:40 IST

  On November 8, 2016, the Centre banned Rs 500 and Rs 1,000 currency notes to curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activities and terrorism.  

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  Indian economy to grow at 7.3 per cent this fiscal, 7.6 per cent in 2019-20: ADB

  Business | April 11, 2018 10:19 IST

  The ADB's growth projection of 7.3 per cent this fiscal is in line with that of rating agency Fitch, but a tad lower than RBI's forecast of 7.4 per cent.  

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  Demonetisation succeeded in unearthing black money, preventing corruption: Arun Jaitley

  Business | March 22, 2018 19:19 IST

  In a written reply to the Rajya Sabha on Tuesday, Arun Jaitley informed that at the time of demonetisation, high denomination notes of Rs 500 and Rs 1,000 amounting to Rs 15.44 lakh crore were in circulation.

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  Demonetization was a greatest lie, only Congress can end crisis: Chidambaram

  India | March 18, 2018 17:29 IST

  "There cannot be a greater lie than demonetization," Chidambaram said after presenting the party's economic policy at the Congress plenary here.

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  Banned Rs 500, Rs 1000 notes are being shredded, briquetted: RBI

  Business | March 18, 2018 13:01 IST

  The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion.

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  No proposal under consideration to discontinue Rs 2,000 note: Government tells Parliament

  India | March 16, 2018 16:19 IST

  The government also informed the Lok Sabha that it had decided to conduct field trials of plastic currency notes of Rs 10 in five cites.

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  Indian economy seems to be on way to recovering from demonetisation disruptions: IMF

  Business | March 11, 2018 11:41 IST

  Calling this development a "welcome change", an IMF official said the growth prospects remain positive.

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  Watch video: Rahul Gandhi explains how he would've implemented demonetisation decision

  National | March 10, 2018 19:54 IST

  Congress president Rahul Gandhi, who donned the hat of a vocal opposition leader in last few months, has been targeting the government over demonetisation drive wherever he goes, be it within the country or overseas.