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Demonetisation

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

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

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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.

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

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

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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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.

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

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

Mon, Mar 20, 2023

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

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Government to allow deposits on one or more occasions in Garib Kalyan scheme

Government to allow deposits on one or more occasions in Garib Kalyan scheme

Tue, Feb 07, 2017

More than one deposit of undisclosed income can be deposited at the authorized banks. The deposit sum should not be less than 25% of declared undisclosed income.

XUV has many world class features which our competitors don't have: Vivek Nayer, Mahindra

XUV has many world class features which our competitors don't have: Vivek Nayer, Mahindra

Tue, Feb 07, 2017

Vivek Nayer speaks on their latest 'Live Young, Live Free' campaign, apart from ad spends, competition, marketing strategy and demonetisation.

RBI rate cut: Here's what the experts expect

RBI rate cut: Here's what the experts expect

Tue, Feb 07, 2017

In the last monthly policy, held on December 7, the central bank had kept key rates unchanged.

Rupee to weaken to record low over the coming year: Reuters poll

Rupee to weaken to record low over the coming year: Reuters poll

Tue, Feb 07, 2017

According to latest Reuters poll, India rupee is expected to sink to a record low in the coming year on expectations for a rise in the US dollar.

RBI seen cutting rates, but it will be a close call

RBI seen cutting rates, but it will be a close call

Tue, Feb 07, 2017

The fiscally prudent budget could comfort the RBI`s six-member monetary policy committee (MPC), and raise the prospect of a rate cut sooner rather than later, given price trends.

Rupee may break 66.2-68.7 range on note ban, oil prices: DBS

Rupee may break 66.2-68.7 range on note ban, oil prices: DBS

Tue, Feb 07, 2017

A 'resilient' Indian rupee has weathered the post-US election headwinds fairly well but the domestic currency may still break above its 66.2-68.7 range established since early 2016, says a DBS report.

Deposits of only more than Rs 2.5 lakh will be questioned: Income Tax Department

Deposits of only more than Rs 2.5 lakh will be questioned: Income Tax Department

Tue, Feb 07, 2017

Highlighting on the alert which is given on the income tax e-filing website, he said that already 2 lakh people have logged in on it.

Cash Crunch impact: Jubilant Foodworks' Q3 net profit down 32%

Cash Crunch impact: Jubilant Foodworks' Q3 net profit down 32%

Mon, Feb 06, 2017

Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co- Chairman, Jubilant FoodWorks Limited said, “Q3 has been a challenging quarter for the consumer sector on account of currency demonetisation. However, we were able to minimise the impact by offering multiple non cash payment options to customers and launch of new products which got excellent customer response.”

FPIs get back to buying mode, pump in Rs 2,300 cr in 3 days

FPIs get back to buying mode, pump in Rs 2,300 cr in 3 days

Sun, Feb 05, 2017

According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 1,246 crore in equities during February 1-3 and another Rs 1,098 crore in the debt segment, translating into a total inflow of Rs 2,344 crore.

RBI may hold rates this year after 25 bps cut next week:Nomura

RBI may hold rates this year after 25 bps cut next week:Nomura

Sun, Feb 05, 2017

According to Japanese financial services major Nomura, though the Reserve Bank might go for a policy easing on February 8, it would be a "close call" considering some global factors like higher oil prices and narrowing interest rate differentials.

Tractor sales plough through demonetisation in January; higher growth expected ahead

Tractor sales plough through demonetisation in January; higher growth expected ahead

Fri, Feb 03, 2017

Mahindra despite seeing a large 11.41% decline in domestic car sales in January managed to post a 6% growth in tractor sales.

Car companies shake off demonetisation; two-wheelers sales still struggle in January

Car companies shake off demonetisation; two-wheelers sales still struggle in January

Fri, Feb 03, 2017

This growth of cars was driven primarily by new launches from these companies which pushed their sales despite the tough economic scenario.

Arun Jaitley introduces demonetisation bill in Lok sabha

Arun Jaitley introduces demonetisation bill in Lok sabha

Fri, Feb 03, 2017

The Specified Bank Notes (Cessation of Liabilities) Bill, 2017, seeks to replace the ordinance on demonetisation promulgated by the government in December 2016.

Deposits in lakhs made post-note ban under tax scanner: Officials

Deposits in lakhs made post-note ban under tax scanner: Officials

Thu, Feb 02, 2017

The first phase data from the government`s "Operation Clean Money", launched earlier this week, has revealed deposits worth lakhs of crores in old notes made after demonetisation into accounts and are being scrutinised by Indian tax authorities, senior officials have said.

Note ban: Govt spent Rs 94 crore on ads to popularise e-payments

Note ban: Govt spent Rs 94 crore on ads to popularise e-payments

Thu, Feb 02, 2017

Nearly Rs 94 crore has been spent by the government for spreading awareness about digital payments and popularising less-cash economy post demonetisation, the Rajya Sabha was informed today.

Apple CEO Tim Cook says demonetisation move still an overhang, but a 'great move'

Apple CEO Tim Cook says demonetisation move still an overhang, but a 'great move'

Thu, Feb 02, 2017

Cook said that the demonetisation move is still an overhang and could get bad after a while.

Union Budget: Average deposits of Rs 3.31 crore made in 1.48 lakh accounts during demonetisation

Union Budget: Average deposits of Rs 3.31 crore made in 1.48 lakh accounts during demonetisation

Wed, Feb 01, 2017

Demonetisation revelations continued as the Union Budget was announced on Wednesday by Finance Minister Arun Jaitley.

Here are key highlights of Union Budget 2017

Here are key highlights of Union Budget 2017

Wed, Feb 01, 2017

Read the key highlights of India's Union Budget 2017-18 presented on February 1, 2017

Maruti Suzuki's domestic vehicles sales rises 26% in January

Maruti Suzuki's domestic vehicles sales rises 26% in January

Wed, Feb 01, 2017

Maruti Suzuki's passenger car growth however posted a double digit 17.7% growth in sales in January.

Union Budget 2017: Basic exemption limit on income tax could be increased to Rs 3.5 lakh

Union Budget 2017: Basic exemption limit on income tax could be increased to Rs 3.5 lakh

Wed, Feb 01, 2017

Besides the increase in the tax slabs there is also expected to be an increase in the exemptions under 80C.

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