Demonetization
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No plans to introduce currencies of new denomination: RBI
Mar 27, 2017, 06:50 AM ISTThe Reserve Bank of India currently has no plans of introducing new denomination currencies, a senior RBI official said on Sunday.
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Orphaned brother-sister write to PM Modi for exchange of Rs 96,500 in old notes
India | Mar 25, 2017, 08:24 PM ISTThe sudden discovery of Rs 96,500 cash in demonetised notes left by their late mother has created a difficult situation for an orphan brother-sister duo here.
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Note ban opens up new channels of corruption: Australian economist
Mar 20, 2017, 09:05 AM ISTDescribing demonetisation as an attempt 'akin to striking a rock with an egg', eminent Austrian economist Heinz D Kurz has said it is 'much too weak and misdirected an instrument' to root out corruption.
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Demonetisation improved India’s economic landscape: Jayant Sinha
Mar 07, 2017, 01:07 PM ISTMinister of State for Civil Aviation Jayant Sinha on Monday said the government's demonetisation decision has led to a dramatic improvement in India's economic landscape.
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Why people not allowed to deposit old notes till Mar 31: SC asks Centre
India | Mar 06, 2017, 02:57 PM ISTThe Supreme Court on Monday sought response from the Centre and the RBI on a plea alleging that people were not being allowed to deposit demonetised currency notes till March 31 as promised.
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Strike affects bank operations; cash, cheque transactions hit
Feb 28, 2017, 10:54 AM ISTAn umbrella body of nine bank unions has called a day-long strike to protest the government’s “anti-people banking reforms” and to press for compensation to employees for extra work done on account of demonetisation and booking loan defaulters.
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‘No plans to introduce new Rs 1,000 notes’, clarifies Eco Secy
Feb 22, 2017, 11:56 AM ISTEconomic Affairs Secretary Shaktikanta Das on Wednesday said that there are no plans to introduce new series of Rs 1,000 notes. "No plans to introduce Rs 1,000 notes. Focus is on production and supply
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‘Modi a dangerous man’, says Lalu Yadav as he campaigns for son-in-law in UP
National | Feb 09, 2017, 07:23 AM ISTFormer Bihar Chief Minister and Rashtriya Janta Dal (RJD) supremo Lalu Prasad Yadav on Wednesday termed Prime Minister Narendra Modi a "dangerous man" and cautioned people to be wary of him.
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No questions to those depositing up to Rs 2.5 lakh, clarifies I-T
Feb 07, 2017, 08:05 AM ISTProviding clarity on scrutiny of deposits made in banks post demonetisation, the Central Board of Direct Taxes (CBDT) on Monday said that no questions will be asked about deposits of up to Rs 2.5 lakh
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156 PSB officials suspended for involvement in post-notes ban irregularities
Feb 04, 2017, 01:24 PM ISTAs many as 156 senior officials of various state-owned banks have been suspended and 41 transferred after they were found involved in irregularities related to demonetisation, Parliament was informed today.
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Black money hoarders also hit by demonetisation: Economic Survey
Feb 01, 2017, 08:01 AM ISTEconomic Survey for 2017 presented on Tuesday said though India's lower middle class and rural population may have been the worst hit by move, black money holders also suffered in the process.
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I-T dept issues 87 notices under Benami Property Act
India | Jan 31, 2017, 06:53 AM ISTthe Income Tax department on Monday said it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under the newly enforced Benami Transactions Act which attracts a heavy penalty and rigorous jail term of a maximum 7 yea
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Deposits in Jan Dhan accounts rose by Rs 29,000 cr in a month post note ban
Jan 30, 2017, 10:17 AM ISTTotal deposits in Jan Dhan accounts surged by nearly Rs 29,000 crore in the period of a month since the November 8 announcement demonetising high value currency notes, according to the latest official data released here.
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BJP ready to accept UP polls as referendum on demonetisation: Amit Shah
National | Jan 30, 2017, 09:09 AM ISTBharatiya Janata Party (BJP) President Amit Shah on Sunday said the upcoming assembly elections in Uttar Pradesh "would not be a referendum on demonetisation policy, but if the opposition wanted to play it that way, then the BJP was game for it".
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Notes ban hits auto loan repayments, normalcy to return in 3 months: Fitch Ratings
Jan 27, 2017, 12:22 PM ISTGlobal credit rating agency Fitch Ratings on Friday said demonetisation has had a negative impact on repayment of Indian auto loans and that it would take a couple of months for collections to come back to normal levels.
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49 per cent want govt to reduce taxes to minimise demonetisation impact: Survey
Jan 27, 2017, 08:57 AM ISTForty-nine percent of the more than 100,000 respondents in a survey ahead of the Union budget for 2017-18 said the government should reduce taxes to minimise the impact of demonetisation.
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Demonetisation will have limited impact on Nepal, says IMF
Jan 24, 2017, 11:04 AM ISTThe IMF has said India's demonetisation would have limited impact on Nepal as it projected a 5.5 percent growth rate for the Himalayan country in the current fiscal year.
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Demonetisation will widen tax base, lower interest rates: FinMin tells Par panel
Jan 23, 2017, 11:04 AM ISTDemonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.
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Govt's rural push for cashless economy through ‘Aadhaar Pay’
Jan 23, 2017, 12:10 PM ISTIn an attempt to encourage poor and illiterate people in rural areas to make digital payments, the government is promoting Aadhaar Pay which ensures financial transactions by just using fingerprint.
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‘Budget Expectations 2017’: Need concrete steps towards improving digital infrastructure for growth
Jan 20, 2017, 01:48 PM ISTIndia's young adult population is increasingly at a higher risk of lifestyle diseases such as diabetes, heart disease, obesity, blood -pressure, stress and hyper-tension. Several companies that provide services in the preventive healthcare space have