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  RBI to issue new Rs 50, Rs 20 notes, old notes to remain valid

  December 04, 2016 19:17 IST

  After releasing new Rs 500 and Rs 2000 currency notes, the Reserve Bank of India (RBI) will shortly issue new Rs 50 and Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005. "The design and

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  India’s cashless push could hit ATM business in coming years

  December 02, 2016 19:09 IST

  The government’s push towards a cashless society and curtailing the use of physical currency in the country could hit ATM businesses in India. Experts believe ATM players may find their business in a flux in

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  India's decision to demonetise Rs 500, Rs 1,000 notes likely to fail: Nobel winner Krugman

  India | December 02, 2016 18:11 IST

  American Nobel laureate and economist Paul Krugman on Friday described India's recent demonetisation move as being "unusual".

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  I-T dept warns people depositing unaccounted cash, may face max 7 year jail

  November 20, 2016 17:59 IST

  The income tax department has decided to impose charges under the newly enforced Benami Transactions Act against people depositing their unaccounted old currency in someone else's bank account. The act carries a penalty, prosecution and

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  Know why banks spraying perfume, insecticides on notes before disbursing

  November 19, 2016 17:25 IST

  Several banks in different parts of the country are disbursing Rs 100 notes after spraying perfume and insecticides as they have been receiving soiled notes that were suppose to be dumped after being taken out

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  Demonetisation: Delhi government directs private hospitals to accept cheques, drafts from patients

  India | November 18, 2016 16:57 IST

  In wake of growing grievances of a few hospitals in the national capital not accepting cheques in payment, the Arvind Kejriwal-led Delhi government has issued strict guidelines to all private hospitals to acknowledge cheques, request

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  Government refutes rumours of demonetising Rs 100/50 notes

  November 16, 2016 22:10 IST

  The government today put an and end to rumours doing the rounds about demonetisation of Rs 500 and 1000 notes, saying there is no such intention to scrap such notes. In a series of tweets,

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  Amid chaos, banks to remain closed today; ATMs will be functional

  November 14, 2016 12:12 IST

  Banks will be closed today on occasion of Gurupurab in Northern India including key cities like Delhi and Mumbai.

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  Demonetisation of currency: Baby dies in Mumbai after doctor 'refuses' treatment for cash

  India | November 12, 2016 19:57 IST

  Amid growing debates over government's decision to scrap ₹500 and ₹1000 notes, a newborn in Govandi, Mumbai allegedly died after a doctor refused to treat him as the parents could only pay the required amount

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  Pakistan on Modi’s path: Senator calls for demonetization of 1,000 and 5,000 rupee notes

  World | November 11, 2016 20:54 IST

  After Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from the flow, the Pakistani opposition party lawmaker has asked in the Senate to pull back 1,000 and 5,000 rupee notes

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  Elderly man dies while standing in queue to exchange Rs 500, Rs 1,000 notes in Mumbai

  India | November 11, 2016 16:49 IST

  A 73-year-old man died while standing in a queue to exchange Rs 500 and Rs 1,000 denominations in suburban Mulund this afternoon, police said. Vishwanath Vartak, a senior citizen, was standing in a queue outside

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  Over 3 lakh Twitter users unfollowed PM Modi soon after demonetisation announcement

  Politics | November 11, 2016 15:53 IST

  Soon after Prime Minister Narendra Modi announced scrapping of Rs 500 and Rs 1000 notes, more than 3 lakh Twitter users stopped following him. According to data available through the analytical service Twitter Counter, PM

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  Afghanistan favours PM Modi’s demonetisation decision

  November 10, 2016 23:49 IST

  Afghanistan on Thursday welcomed and supported Prime Minister Narendra Modi’s decision to demonetise Rs 500 and Rs 1,000 notes, saying the move will benefit the region. Afghan Ambassador to India Shaida Abdali said the move

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  Now, donations to temples, FDs in co-operative banks under govt scanner

  November 10, 2016 13:30 IST

  The minister, who did not wish to be named, said officials have apprised the state government that there has been a surge in donations to temples immediately after the announcement.

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  Currency ban effect: Robbers return Rs 500 notes snatched from labourer, slap him for not keeping Rs 100 notes

  India | November 10, 2016 12:20 IST

  In a bizarre incident, two robbers on a bike allegedly snatched Rs 1,500 from a labourer in Greater Noida on Tuesday night but were miffed when they found that the notes were in denominations of Rs 500.

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  Passengers face trouble at railway ticket counters due to demonetisation

  India | November 10, 2016 6:50 IST

  Railway passengers on Wednesday faced a harrowing time at the ticket counters of New Delhi Railway Station as the demonetization of Rs 500 and Rs 1,000 currency notes left most counters without any change and many passengers were denied tickets.

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  Demonetisation: Deposits above Rs 2.5 lakh to be taxed, 200% penalty on income mismatch

  November 09, 2016 23:26 IST

  The government has warned that cash deposits above Rs. 2.5 lakh threshold under the 50-day window could attract tax plus a 200 per cent penalty if there is an income mismatch.

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  Congress picks holes in demonetization, Chidambaram questions move to introduce Rs 2000 notes

  Politics | November 09, 2016 23:49 IST

  Congress on Wednesday sought to pick holes in the Modi government’s decision to demonetise Rs 500 and Rs 1000 currency notes.

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  ‘Why is govt making life so difficult for people?’ asks Robert Vadra after demonetisation of Rs 500 and Rs 1000 notes

  India | November 09, 2016 21:26 IST

  Robert Vadra today questioned motive behind Narendra Modi government’s decision to demonetise Rs 500 and Rs 1000 notes saying this was making life difficult for the people of India.

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  Demonetisation will help curb black money, increase economy’s size: Arun Jaitley

  November 09, 2016 19:49 IST

  Finance Minister Arun Jaitley today said that demonetisation of Rs 500 and Rs 1,000 notes will expand the size of economy and will curb black money.