Demonetization
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Demonetisation: This 70-yr-old chai waala is not impressed with PM Modi’s currency ban. Read why
India | November 28, 2016 14:11 ISTThe government’s overnight move to demonetise high-denomination currency notes came as a hit not only for black money hoarders, but also the common man who has been struggling to cope with the cash crunch
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63-year-old Mumbai man duped of Rs 57 lakh trying to exchange scrapped notes
India | November 28, 2016 12:54 ISTA 63-year-old man from south Mumbai was cheated of Rs 57.50 lakh while trying to exchange scrapped currency notes.
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Only those hiding black money were against demonetisation: BJP
National | November 28, 2016 10:47 ISTThe Puducherry unit of Bharatiya Janata party (BJP) today said those who were hoarding black money and evading income tax alone raised the banner of revolt against the Centre' move to combat corruption and fake currency, through demonetisation.
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Demonetisation has choked funding for terrorism, borders are now secure: Parrikar
National | November 28, 2016 6:58 ISTDemonetisation is a "surgical strike" by Prime Minister Narendra Modi on black money and it has choked the funding for terrorism and crime, Defence Minister Manohar Parrikar said here on Monday.
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Nitish Kumar backs demonetisation again, dismisses rumours of fissure in Bihar’s grand alliance
National | November 25, 2016 19:16 ISTFor the third time since the government announced its decision to scrap currency notes of Rs 500 and Rs 1,000, Bihar Chief Minister Nitish Kumar on Friday once again backed Prime Minister Narendra Modi’s decision
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When SP lawmaker left PM Modi in splits during note ban debate
National | November 24, 2016 18:19 ISTSamajwadi Party MP Naresh Agarwal, who spoke after Manmohan Singh, provided some humour in the Rajya Sabha during debate on demonetisation.
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Notes ban to fundamentally disturb financial action in the near term, says Moody's
November 24, 2016 17:04 ISTDemonetisation will prompt weaker growth in the short term and "significantly disrupt economic activity" but can be useful in boosting tax incomes and convert into quicker fiscal consolidation, Moody's Investors Service said on Thursday.
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Over 80 pc say they back PM Modi’s demonetisation policy: C-Voter survey
November 23, 2016 8:36 ISTA large part of population across the nation has favoured the government’s demonetisation policy to fight black money, according to a latest survey.
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Rs 8 lakh in exchange of Rs 10 lakh in old currency: Corrupt bankers turn ‘cash crunch’ into an opportunity
November 22, 2016 12:22 ISTEnforcement authorities have found that corrupt bank managers are allowing backdoor note exchanges and are charging a commission while at it.
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No Rs 2.5 lakh for marriages after Dec 30: RBI sets stiff riders for withdrawals for weddings
November 22, 2016 8:23 ISTRBI on Monday imposed stiff conditions for withdrawal of up to Rs 2.5 lakh in cash from bank accounts for marriages, stating that the money can be withdrawn only from the credit balance as on November 8
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Congress says introduction of new Rs 2,000 note illegal, accuses PM Modi of ‘financial anarchy’
National | November 21, 2016 21:44 ISTCongress leader Anand Sharma on Monday accused Prime Minister Narendra Modi of not following the law in issuing new banknotes
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Delhi HC to hear PIL against Rs 2,000 note tomorrow, Centre files transfer plea in Supreme Court
India | November 21, 2016 21:31 ISTDelhi High Court will tomorrow hear a PIL against the new Rs. 2,000 currency note that was issued after demonetisation of old notes of Rs 500 and Rs 1,000.
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Old notes worth Rs 5.44L cr deposited in banks post note ban: RBI
November 21, 2016 18:37 ISTBanks have received Rs 5.44 lakh crore worth of old high denomination currency, Rs 33,006 crore of which was exchanged with valid notes, the Reserve Bank of India informed today.
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Using choppers and IAF planes, govt reduces time to transport cash to six days
India | November 21, 2016 10:26 ISTThe government is working round the clock to reduce the transportation time of cash from printing to the main distribution centres from 21 to just six days.
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Demonetisation: Women rescued from human traffickers hit hard, NGO writes to PM
India | November 20, 2016 14:31 ISTModi’s demonetisation drive has hit hard the scores of women rescued from human traffickers in Goa as many of them hold no bank account, while restrictions imposed on their movement poses a challenge in getting defunct notes exchanged.
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Demonetisation will see boom in non-bank players like Paytm, FreeCharge: Assocham
November 20, 2016 13:16 ISTOne of the immediate fall outs of the demonetisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business.
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Rs 91 lakh seized from Maharashtra minister Subhash Deshmukh’s vehicle
National | November 18, 2016 9:59 ISTOpposition Congress and NCP today demanded the sacking of Maharashtra Cooperative Minister Subhash Deshmukh amid reports of seizure of Rs. 91 lakh from vehicle belonging to the minister.
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Crooks using Jan Dhan accounts to turn ‘black money’ into ‘white’: Report
November 18, 2016 8:34 ISTWhile the common man is struggling with cash crunch following the government’s revolutionary demonetisation move, some unscrupulous elements are busy finding bizarre methods to convert their black money into ‘legal tenders’.
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Demonetisation ‘decision of the century’, will change nation’s mindset: Jitendra Singh
National | November 18, 2016 10:23 ISTCalling demonetisation the "decision of the century", Minister of State in the PMO Jitendra Singh on Thursday said that it would not only streamline India's economy, but would also revolutionise the nation’s mindset
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Demonetisation: To ease pressure, 12,500 ATMs being recalibrated every day
November 17, 2016 8:54 ISTIn an attempt to make the country’s two lakh ATMs attuned to deliver new currency notes to the long queues, about 12,500 ATMs are being recalibrated every day to dispatch new Rs 500 and Rs 2,000 notes.
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