Sat, May 20, 2023
Rs 2,000 withdrawal from circulation: The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.
Fri, May 19, 2023
BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time.
Mon, Mar 20, 2023
The finance minister says banks make assessment of amount and denominational requirements for ATMs on the basis of past usage
Fri, Feb 22, 2019
Contrary to the popular belief, reports of three studies commissioned by the government say that 90-97.2% of the black money is inside the country while only 2.8-19% has been taken out of the country.
Wed, Jan 30, 2019
Prime Minister Narendra Modi on Wednesday credited the demonetisation exercise by his government for bringing down prices of houses and making them affordable for the youth.
Thu, Jan 17, 2019
With the country's GDP size increasing in quantitative terms, there could be need for more currency in the economy, a source said here Thursday.
Fri, Jan 04, 2019
Over two years after the launch of new Rs 2000 currency notes post the shock demonetisation decision, the government is said to have stopped printing them, according to a media report.
Tue, Jan 01, 2019
In an interview with ANI on the first day of the New Year, PM Narendra Modi spoke on a range of topics—from the Ram Mandir issue to Pakistan, surgical strikes and 2019 Lok Sabha elections.
Prime Minister Narendra Modi on Wednesday said that the demonetisation drive announced by him on November 8, 2016 was not a shock as the government had warned people having black money a year ago. Responding to criticism over surprise resignation of Urjit Patel as RBI Governor, PM Modi said that the former requested to resign on personal reasons, adding that there was no political pressure on him.
Wed, Dec 26, 2018
The year turned out to be an eventful one for the Indian real estate marked by the improvement in sales and its return to stability after the double blow of GST and demonetisation.
Tue, Dec 18, 2018
India-born Harvard professor Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month. The paper further said that districts experiencing more severe demonetisation had relative reductions in economic activity, faster adoption of alternative payment technologies and lower bank credit growth.
Mon, Dec 10, 2018
The outcome of the controversial demonetisation drive would have been "significantly better" if "simple things" like introducing Rs 2,000 currency notes were avoided, banker Uday Kotak has said.
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".
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.
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.
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.
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.
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: 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.
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.
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.
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.
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.
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