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  Report deposits above Rs 10 lakh a year: Govt tells banks

  January 20, 2017 7:09 IST

  the 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

  January 19, 2017 13:47 IST

  In 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

  Politics | January 18, 2017 15:00 IST

  Launching 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

  January 18, 2017 7:31 IST

  Capital 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

  January 17, 2017 12:15 IST

  Indian 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

  January 16, 2017 14:59 IST

  The 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

  January 13, 2017 9:09 IST

  Despite 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 | January 12, 2017 12:02 IST

  Nobel 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

  January 11, 2017 8:28 IST

  In 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

  January 11, 2017 6:22 IST

  The 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

  January 10, 2017 14:50 IST

  The 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

  January 10, 2017 13:00 IST

  India, 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

  January 10, 2017 18:27 IST

  Ever 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

  January 09, 2017 16:19 IST

  Finance 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

  Politics | January 05, 2017 13:27 IST

  With 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 | January 03, 2017 8:32 IST

  Australia 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

  January 03, 2017 8:27 IST

  In 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

  Politics | December 30, 2016 16:32 IST

  Prime 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 | December 28, 2016 9:15 IST

  In 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

  December 28, 2016 12:22 IST

  Banks 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.