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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Wed, Mar 22, 2017
Nomura has projected India's gross domestic product (GDP) to slow to 6.7% in the January to March quarter of fiscal year 2016-17 (FY17).
Tue, Mar 21, 2017
The India M&E industry maintained a growth rate of 11.6% over the past five years on the back of strong economic fundamentals, coupled with the growth in domestic consumption, says the FICCI-KPMG report.
The company expects FY18 growth to be in the range of 8-10%, with double-digit growth in 2HFY18.
Sun, Mar 19, 2017
Kurz pointed out that whoever was informed about the demonetisation policy ahead of its introduction (sort of insider trading) could have used the information and laundered money.
Sat, Mar 18, 2017
India underwent demonetisation drive from Nov 8 to Dec 30 of high-valued Rs 500 and Rs 1,000 notes to cleanse the country of black money.
Fri, Mar 17, 2017
Corporate Affairs Minister Arjun Ram Meghwal told Parliament on Friday that Serious Fraud Investigation Office (SFIO) has found that chartered accountants and advocates helped 559 people launder Rs 3,790 crore in cash.
Thu, Mar 16, 2017
Demonetisation has worked as a blessing in disguise for us as we collect 100% repayment through Automated Clearing House (ACH) mode and not through cash, Finova Capital managing director and chief executive officer, Mohit Sahney told Zeebiz.com.
Four months since demonetisation and its impact has started to fade out. However, everything isn't gloom and doom as analysis show that there were a few sectors that gained from Prime Minister Narendra Modi's bold attempt to tackle black money and push India towards a less-cash economy.
Driven by low-priced data offers, mobile internet usage was up by 29 per cent in the period October-December 2016, over the previous quarter, a joint report by market research firm Kantar IMRB and Mobile Marketing Association (MMA) said on Thursday.
1. The new Honda WR-V car is based on the Jazz platform and it comes with both petrol and diesel variants
Wed, Mar 15, 2017
Analysts estimated that markets will take their own sweet time to recover post demonetisation.
Tue, Mar 14, 2017
Hatchbacks see a decline in sales from November onwards post demonetisation.
Consumer Price Index (CPI) inflation or retail inflation for the month of February stood at 3.65%, Ministry of Statistics and Programme Implementation (MOSPI) said on Tuesday.
Around this time last year analysts and currency experts were betting for Indian Rupee to be one of the worst performers globally. They expected Rupee to cross Rs 70 to a dollar by December 2016.
In January, the WPI inflation rose to a 30-month high of 5.2%.
Mon, Mar 13, 2017
In a two-stage process, the weekly withdrawal limit per account had been raised to Rs 50,000, from Rs 24,000, with effect from February 20, and all limits on ATM withdrawals were slated to cease from March 13.
The note ban-induced liquidity crisis has resulted in sales falling 11.3% between November and January. The conversion to BS-IV emission norms, which is coming into effect from April, also resulted in some inventory correction taking place across OEMs from February.
Sun, Mar 12, 2017
India is one of the largest gold importers in the world, and the imports mainly take care of demand from the jewellery industry.
The inclusion of low-priced glucose, milk and marie biscuits in GST will lead to shutting down of about 240 biscuit factories, warn manufacturers.
He however admitted that in Punjab, the two-term anti-incumbency had taken its toll.
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