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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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, 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Fear has been expressed in public repeatedly that the Rs 2,000 currency notes will be withdrawn.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.
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.
Sun, Jul 22, 2018
The entry of these two new high denomination notes was a clear indication the transformation of entire currency chest.
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.
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.
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.
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.
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.
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.
Wed, Apr 04, 2018
According to the data released by the Finance Ministry on Monday, 6.84 crore returns were filed during 2017-18, significantly higher than 5.43 crore filed in the previous fiscal.
Sun, Mar 25, 2018
Digital payment platforms: E-wallets came to the rescue of people when demonetisation struck and ATMs ran dry, and people have since adopted it as a part of their everyday lives. These e-wallets can be used to pay utility bills, pay at local stores, send and receive money anywhere and much more. Remember that KYC is mandatory for using e-wallets now as per RBI’s directive.
Wed, Mar 21, 2018
Murthy said he himself could not understand the logic behind the demonetisation move since he is not an expert on the subject.
Fri, Mar 16, 2018
Indian job market: Nearly 54 per cent of the companies surveyed said that compensation is likely to stay the same while 39 per cent said compensation is likely to grow this year. Less than 5 per cent said that it will see a decline, the report noted.
Thu, Mar 15, 2018
Realtors' apex body CREDAI demanded reduction in GST, easier bank financing for purchase of land to develop affordable housing and single-window clearance for approval of real estate projects to boost the sector.
Tue, Mar 13, 2018
Digital transactions in India: Mass adoption of e-payments and a thriving fintech scene, combined with regulatory policy, are set to propel India into a leading position in the global payments landscape, it said adding unified payments interface (UPI) transactions are a key driver of greater financial inclusion.
Wed, Feb 28, 2018
In some good news for the public, GDP growth in India came in at 6.3% in September - October 2017 (Q2FY18) quarter - higher compared to 5.7% in July - September 207 (Q1FY18) quarter.
Mon, Feb 26, 2018
It is being known that these NBFCs and co-operative banks were found converting banned Rs 500 and Rs 1000 notes during the demonetisation drive in November 2016.
Tue, Feb 20, 2018
Contrary to what preliminary RBI data indicated, the financial savings rate in fiscal year (FY) 2017 declined post- demonetisation even as the deposits in banks grew in droves, noted a report, adding the gains from deposits were not enough to compensate for the sharp fall in currency holdings dur
Sun, Feb 18, 2018
More than 70 per cent of the restaurant owners in the two cities believed GST is a positive decision for the industry, while 68 per cent businesses felt it will ease compliance since it is backed by technology.
Tue, Feb 13, 2018
A performance survey of somewhat 1,572 companies, excluding banks during Q3FY18, was carried out by CARE Ratings.
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