Demonetization
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Report deposits above Rs 10 lakh a year: Govt tells banks
Jan 20, 2017, 07:09 AM ISTthe government has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.
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Govt mulls lowering limit for quoting PAN for cash transactions to Rs 30,000
Jan 19, 2017, 01:47 PM ISTIn a move aimed at pushing cashless transactions and expanding its ambit of bringing more transactions into the formal economy, the government is learnt to be considering a cut in the current limit of quoting PAN number for cash transactions.
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Congress launches nationwide campaign against note ban, stages protests at RBI offices
National | Jan 18, 2017, 03:00 PM ISTLaunching a nationwide campaign against the government’s demonetisation drive, Congress workers today staged protests at Reserve Bank of India (RBI) offices at several locations across the country.
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Too early to hold demonetisation responsible for FPI pullout from India: SEBI
Jan 18, 2017, 07:31 AM ISTCapital market regulator SEBI on Tuesday said It would be "too early" to hold the central government's demonetisation move responsible for the massive pullout of foreign portfolio investment from India during the October-December quarter
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Indian consumers most optimistic in Asia-Pacific region despite note ban: Report
Jan 17, 2017, 12:15 PM ISTIndian consumers remain the most optimistic in the Asia-Pacific region and their outlook on economy and stock market showed highest levels of confidence even after their government's recent demonetisation measure, a report said on Monday.
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RBI admits it has no data on scams in co-operative banks post-demonetisation
Jan 16, 2017, 02:59 PM ISTThe RBI has admitted that it has no details of any irregularities or scams in the exchange of the demonetised currency notes of Rs 500 and Rs 1,000 by the cooperative banks, a reply under RTI revealed on Monday.
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Car sales have gone up for Maruti Suzuki by 9-10 pc, says Chairman Bhargava
Jan 13, 2017, 09:09 AM ISTDespite a fall in demand after the Central government’s demonetisation move, sales of automobiles have not come down but has actually gone up for the company, said a Maruti Suzuki India Ltd Chairman R.C Bhargava.
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‘Note ban inefficient in curbing human trafficking’ says Satyarthi
India | Jan 12, 2017, 12:02 PM ISTNobel Laureate Kailash Satyarthi has expressed his disappointment saying that he had expected that demonetisation would restrain human trafficking but no significant effort has been seen yet.
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Demonetisation ‘atrociously planned’, little evidence it succeeded: NYT
Jan 11, 2017, 08:28 AM ISTIn a stinging criticism, a leading US daily has said the "atrociously planned and executed" demonetisation in India has made peoples life increasingly difficult
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Post demonetisation, World Bank drops India’s growth rate to 7 per cent
Jan 11, 2017, 06:22 AM ISTThe World Bank today decelerated India's growth for 2016-17 fiscal to a "still robust" 7 per cent from its previous estimate of 7.6 due to demonetisation
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I-T suspects Rs 3-4 lakh crore evaded income deposited in banks post note ban
Jan 10, 2017, 02:50 PM ISTThe government’s analysis of bank deposits post-demonetisation so far show an estimated Rs 3-4 lakh crore of tax-evaded income deposited in old notes during the 50-day window provided to get rid of junked Rs 500/1000 notes.
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India at ‘exciting but challenging time’, can become ‘economic powerhouse’: Viral Acharya
Jan 10, 2017, 01:00 PM ISTIndia, one of the world's fastest growing economies, is in an "exciting but challenging time" and has massive potential to become an "economic powerhouse", RBI's newly-appointed Deputy Governor and noted economist Viral Acharya said here.
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Note ban decision was taken after 'govt advice': RBI tells Parliamentary panel
Jan 10, 2017, 06:27 PM ISTEver since the announcement of scrapping of old Rs 500 and Rs 1,000 notes was done by Prime Minister Narendra Modi, the government has suggested that the decision came from the RBI.
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Tax collections soared in April-Nov period despite note ban: Jaitley
Jan 09, 2017, 04:19 PM ISTFinance Minister Arun Jaitley on Monday said that the tax collection has gone up in nine months from April 2016 to December 2016, indicating a robust gain despite demonetisation.
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Opinion poll shows BJP set to win UP with clear majority, 76 pc support ‘note ban’: Report
National | Jan 05, 2017, 01:27 PM ISTWith only a month left for Uttar Pradesh assembly elections, an opinion poll from an Indian weekly has suggested that the Bharatiya Janata Party may sweep to power in the politically-crucial state.
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Inspired by India, Australia may announce demonetisation to curb black money: Report
World | Jan 03, 2017, 08:32 AM ISTAustralia seems to be inspired with the move as it is also reportedly mulling over the idea of demonetising its highest denomination note.
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In post-demonetisation raids, I-T dept uncovered Rs 4,663 cr of ‘undisclosed income’: Report
Jan 03, 2017, 08:27 AM ISTIn a massive crackdown on black money hoarders across the country, the Income Tax Department has detected over Rs 4,663 crore of undisclosed income post the demonetisation of two high-value currencies by the government.
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Frequent rule changes was to stay ahead of our enemies, says PM Modi
National | Dec 30, 2016, 04:32 PM ISTPrime Minister Narendra Modi has strongly defended his move to demonetise higher currency denominations, calling it a "difficult" but apolitical decision
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In Nagaland, tribals’ accounts used for hoarding black money, guns sold for old notes: Report
India | Dec 28, 2016, 09:15 AM ISTIn yet another shocking revelation related to black money hoarding post demonetisation, it has been found that launderers and arms suppliers are pumping illegal wealth into tax-exempt bank accounts of local tribes and even as investments in guns in N
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With scrapped notes worth Rs 14 lakh cr back in system, RBI unlikely to generate big dividend
Dec 28, 2016, 12:22 PM ISTBanks have collected Rs 14 lakh crore of the Rs 15.4 lakh crore worth of Rs 500 and Rs 1,000 notes that were scrapped as a result of Prime Minister Narendra Modi’s November 8 declaration.