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Undisclosed income of Rs 71,941 crore found in 3 yrs: Govt to SC

Jaitley said the government has come out with laws to contain overseas black money as well as those dealing with domestic black money and cracking down on shell companies.

Demonetisation, GST to widen tax base, make cash dealing difficult: Jaitley

"During the period from November 9, 2016 to January 10, 2017, more than 1,100 searches and surveys were conducted by the I-T Department apart from issuing more than 5,100 verification notices in the cases of suspicious high value cash deposits or related activities," Minister of State for Finance Arjun Ram Meghwal told the Lok Sabha.

I-T Department unearths income of Rs 5,400 crore post-note ban

No more chances to deposit demonetised notes, Govt tells Supreme Court

Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'.

Only 7% rise in transactions through cards post Demonetistion

The Income Tax Department on Friday launched phase 2 of its Operation Clean Money. In the first phase, it had identified nearly 20 lakh people who deposited cash inconsistent with their incomes.&nbsp;

Operation Clean Money Phase 2: IT Department identifies 5.5 lakh more people for cash deposit scrutiny

RBI Governor Urjit Patel listed these reasons for not being able to decipher how many illegal notes have come back to the central bank. 
&nbsp;

Four reasons RBI Governor Urjit Patel gave for not counting demonetised notes

De-stocking on wholesale and CSD level in last days of June quarter, will impact overall earnings of&nbsp;FMCG&nbsp;companies. Margins will also face some pressure.&nbsp;

Q1FY18: After demonetisation, GST transition will impact FMCG sectors volume, margins and earnings

The central bank said that demonetisation is not one of the 27 grounds under which a customer can lodge a complaint with the Banking Ombudsman.

Demonetisation no ground for banking ombudsman to handle complaints: RBI

The new Rs 200&nbsp;note has a bluish tinge and has similar form factors as the Rs 2000 note.

From the looks of it, Rs 200 note might not be circulated via ATMs

Prime Minister Narendra Modi on November 8 had announced the ban on old Rs 500 and Rs 1000 notes with immediate effect. PM Modi had said that Rs 500 and Rs 1000 notes will no longer be a "legal tender" from November 9.

Demonetisation: SC asks RBI, govt to give one more chance to deposit old notes

According to Niti Aayog demonetisation increased by 55% in FY17 subsequent to demonetisation drive.&nbsp;In value terms, growth of digital payment stood at &nbsp;24.2% in&nbsp;FY17.&nbsp;

Digital payments rose last year more than the past five years, Niti Aayog says 

India's manufacturing PMI came in at 50.9 in June 2017 compared to May 2017. This is the third straight month of production growth ease in the country due to weak demand.

India's Nikkei Manufacturing PMI at four-month low in June 

&nbsp;DDA Housing Scheme will be launched by end of June 2017 offering about 13,000 houses this time.&nbsp;

DDA Housing Scheme 2017 to allot 13,000 houses; Compare best home loan rates offered by banks

The overall housing credit growth in India declined by 16% to&nbsp;Rs 14,400,00 crore in FY17 as compared to Rs 12,400,00 crore in FY16 on account of demonetisation in the second half of the last year, which resulted in decline in number of new project launches with investors deferring their purchase decisions.

Demonetisation Impact: Housing credit growth falls to 16% in FY17, says Icra 

Ministry of Finance has asked the district central co-operative banks to deposit old Rs 500 and Rs 1000 notes with RBI in a time period of 30 days.&nbsp;

Co-operative banks given 30 days time to deposit demonetised notes

Digital transaction push after the NDA government braved the decision to demonetise higher currency notes did not boost non-cash transactions. Motilal Oswal analysts provide analysis to support the numbers. 
&nbsp;

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Goods and Service Tax (GST) regime sited to come into effect in another two weeks will be a game changer for India in many ways, however analysts say that growth trends comparison will become harder to read.

GST to mask real growth trends in FMCG, says Credit Suisse

RBI has been issuing&nbsp;banknotes in Mahatma Gandhi series from time to time and now it had introduced a new batch of Rs 500 banknotes.&nbsp;

WATCH: What's new in RBI's new series of Rs 500 notes 

Delhi ahead Mumbai by Rs 21,000 crore in deposits after demonetisation move

demonetisation

The Reserve Bank of India said 98.37 per cent of Rs 2000 banknotes have been returned to the banking system since the denomination’s withdrawal in May 2023. Only Rs 5,817 crore worth of notes remain in circulation, though they continue to be legal tender.
 

Rs 2000 note phase-out nearly complete, says RBI; 98% of notes returned to banks — All you need to know

97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024.

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

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.

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

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. 

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

The finance minister says banks make assessment of amount and denominational requirements for ATMs on the basis of past usage

Finance Minister Nirmala Sitharaman says govt hasn't stopped banks from filling Rs 2000 notes in ATMs

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Demonetisation

Undisclosed income of Rs 71,941 crore found in 3 yrs: Govt to SC

Demonetisation, GST to widen tax base, make cash dealing difficult: Jaitley

I-T Department unearths income of Rs 5,400 crore post-note ban

No more chances to deposit demonetised notes, Govt tells Supreme Court

Only 7% rise in transactions through cards post Demonetistion

Operation Clean Money Phase 2: IT Department identifies 5.5 lakh more people for cash deposit scrutiny

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Top News

Costs of veg, non-veg thalis dip 13% in November amid easing vegetable prices: Crisil

'Apology and Regret': IndiGo CEO & COO state 5 factors that led to disruption—DGCA studying airline response

India-US Trade Deal: Rick Switzer-led delegation set to visit India this week

Maharatna PSU stock to buy: Brokerage turns bullish on BHEL, target indicates nearly 40% upside

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DGCA steps up safety oversight, tackles 19 airline violations in 2025