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Demonetisation threw up political, economic puzzles: Arvind Subramanian
Mon, Dec 10, 2018
Subramanian, currently teaching at Harvard Kennedy School, and here for the launch of his book "Of Counsel: The Challenges of the Modi-Jaitley Economy", published by Penguin, referred to the chapter "The Two Puzzles of Demonetisation -- Political and Economic".
India a cashless economy? Digital transactions continue to rise, UPI gains popularity; know how digital payment industry see ache din
Fri, Nov 30, 2018
Not many regions especially the rural areas, have been comfortable in using digital portals. However, electronic payment system has been a success story for the NDA government.
Demonetisation a massive, draconian, monetary shock: Arvind Subramanian
Thu, Nov 29, 2018
Breaking his silence on the November 8, 2016 decision of PM Modi, Arvind Subramanian says that he does not have a strongly-backed empirical view apart from the fact that the welfare costs, especially on the informal sector, were substantial.
SBI, HDFC, ICICI, Axis, PNB, other bank's customers, you may face ATM cash crunch soon
Sat, Nov 24, 2018
The country may face massive cash crunch like post demonetisation period as half of India's ATMs could shut down by March 2019.
Two years of Demonetisation: Did India become a cashless economy? Impact of notebandi decoded
Thu, Nov 08, 2018
Two years ago on this day, 8th November, 2016, some must still remember how they stood in long bank ATM queues, desperately hoping to remove some cash - from their own accounts! Cash, that had suddenly been banned by an edict from PM Narendra Modi.
Demonetisation of Rs 500, Rs 1,000 notes anniversary: On Facebook, Arun Jaitley lists achievements; top 10 quotes
Thu, Nov 08, 2018
Today is the anniversary of demonetisation of old Rs 500 and Rs 1000 currency notes that constituted 86 per cent of the currency in circulation. In effect, Rs 500 and Rs 1000 notes were banned.
Demonetisation anniversary: Arun Jaitley defends PM Modi; read full text of Facebook blog
Thu, Nov 08, 2018
Demonetisation anniversary: While we continue to celebrate the festive season across India, yesterday was Diwali itself, it should be remembered that today is the day when demonetisation was announced, which undoubtedly left everyone thunderstruck and dealt a massive blow to your bank ATM card, cash in hand and a whole 86% of the country's currency chest.
Battle for Dignity or Power Play? It is RBI vs Govt; Urjit Patel, Viral Acharya at center stage
Tue, Oct 30, 2018
Government officials may blame RBI for talking about regulatory matters openly, but in a big relief for Governor Urjit Patel, the central bank’s union has taken up cudgels on his behalf.
Demonetisation of Rs 500, Rs 1000 currency notes failed to throw up black money
Thu, Aug 30, 2018
Demonetisation of Rs 500, Rs 1000 currency notes: About 99.3% of high value currency banned in Nov 2016 has returned, says RBI.
MSMEs export hit more by GST issues than note ban: Report
Sat, Aug 18, 2018
Micro, Small and Medium Enterprises (MSMEs), considered a powerful engine of the country's economic growth, are contributing around 40 per cent of the overall shipments from India.
Ready-to-move-in flats: DLF expects sales bookings may double this fiscal to Rs 2,250 cr
Mon, Aug 13, 2018
The country's largest realty firm had achieved bookings of only Rs 1,000 crore during 2017-18 as sales were suspended for six months to comply with the provisions of new real estate law RERA that came into force from May last year.
Centre to withdraw Rs 2,000 currency notes? Here is truth
Fri, Aug 10, 2018
Fear has been expressed in public repeatedly that the Rs 2,000 currency notes will be withdrawn. This has forced the government's hands now to reveal the real state of affairs.
RBI has wide ranging powers to deal with bad loans, other banking issues: Govt
Tue, Jul 24, 2018
Listing out RBI's powers to deal with banks, Minister of State for Finance Shiv Pratap Shukla said the central bank can inspect the lenders, examine on oath any officer, direct special audit and give directions to banks.
Have old Rs 10, Rs 50, Rs 100 notes? Why you should worry
Sun, Jul 22, 2018
The entry of these two new high denomination notes was a clear indication the transformation of entire currency chest.
New Rs 20 note coming now? Demonetisation sowed seeds of new Rs 10, Rs 50, Rs 100 notes
Sun, Jul 22, 2018
The similarities between Rs 500 and Rs 2000 notes are clear indication to why RBI had to give makeover to small denomination notes like Rs 10, Rs 50 and now Rs 100.
Is Rs 50 currency note in your pocket fake?
Wed, Jul 04, 2018
New currency notes were brought out in the wake of demonetisation in 2016. Old Rs 500 and Rs 1000 currency notes were banned. New Rs 500 and Rs 2000 notes were birthed.
From Demonetisation low, currency with public doubles, hits record at over Rs 18 lakh cr
Sun, Jun 10, 2018
Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data.
GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN
Tue, May 08, 2018
The Goods and Services Tax (GST), as well as protracted issues of corporate and bank balance sheet problems, pushed India's economic growth downward in 2017 but a gradual recovery is expected and the country's economy is forecast to grow at 7.2 per cent in 2018, according to a UN report.
Demonetisation type cash crunch hits ATMs; Arun Jaitley reacts, says shortage temporary
Tue, Apr 17, 2018
Demonetisation type cash crunch hits ATMs: West Bengal Chief Minister Mamata Banerjee said it reminds her of the demonetisation days. She wondered if a "financial emergency" is going on in the country.
India to grow 7.3% this financial year, 7.6% in FY2019: ADB
Thu, Apr 12, 2018
In its Asian Development Outlook (ADO), 2018, ADB said, Indian economy grew 6.6 percent in the last fiscal as it battled the lingering effects of demonetisation in 2016, businesses adjusting to Goods and Services Tax (GST) in 2017, and a subdued agriculture.