The RBI may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI Research report.
Estimated total employment during January-April 2017 was 405 million compared to 406.5 million during September-December 2016.
The opposition parties have worked out a joint strategy and would register their protest against the November 8, 2016, demonetisation decision, Leader of the Opposition in the Rajya Sabha Ghulam Nabi Azad said.
The Reserve Bank of India (RBI) has said it will soon put into circulation currency notes in Re 1 denomination though existing notes and coins will continue to be legal tender
The Reserve Bank (RBI) has been authorized to conduct field trials of plastic notes of Rs 10 that have a longer life span, the government said today. In a written reply in the Lok Sabha,
Union Finance Minister Arun Jaitley on Friday said that the Reserve Bank of India (RBI) has infused 12 lakh new currency notes in to the market. The RBI has informed that till February 24, a
After rumours that new notes started losing its colour, a man in UP has claimed something similar happened with him. The man said that the note which he withdrew from a SBI ATM lost its
As 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.
Finance Minister Arun Jaitley, during his budget speech on Wednesday, provided a glimpse into the number of demonetised notes deposited between November 8 and December 30, 2016, without giving the full picture. Is it because
The Income Tax department has identified 18 lakh people who deposited large amount of cash after Prime Minister Narendra Modi announced the decision to demonetise Rs 500 and Rs 1000 notes on November 8.
Total 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.
Shredded 1,000 rupees notes, discarded in a dustbin in Tiruchirappalli, created curiosity among the locals on Sunday with the currencies flying in wind when a ragpicker attempted to pick junked items. Soon, curious men and
To meet the demand for new currency following the cash recall exercise which has triggered a huge liquidity crunch, the Bank Note Press (BNP) at Dewas in Madhya Pradesh has roped in retired employees.
The Reserve Bank of India on Friday announced that the currency notes worth over Rs 4.27 lakh crore have been issued to public through banks and ATMs following the central government’s decision to demonetise Rs 500 and Rs 1,000 currency notes.
Finance Minister Arun Jaitley today cautioned people that mere depositing the old notes in banks will not help in converting the money from 'black to white' and tax liability would remain on unexplained funds. Less
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
Demonetisation 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.
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