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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Thu, Jan 26, 2017
Bankers have said that the Reserve Bank of India is likely to remove the weekly cash withdrawal limits for banks as well as ATMs by the end of February this year.
Wed, Jan 25, 2017
Reserve Bank of India (RBI) on Wednesday said that its 76th round of India'a Industrial Outlook Survey (IOS) indicated a decline in business sentiments. The survey elicited responses from 1221 manufacturing units and was conducted during October-December 2016.
With the government`s emphasis on a less-cash economy, stakeholders in the country`s digital space have sought incentives in the upcoming Union Budget on February 1.
The incentives would help to promote e-commerce -- an essential component of non-monetary transactions, they said.
Finance Minister Arun Jaitley in his Budget 2017 on February 1 may have to provide stimulus to the economy reeling under the 'Tsunami' of demonetisation, India Ratings and Research said on Wednesday.
Domestic markets closed at levels they were at before Prime Minister Narendra Modi announced demonetisation on November 8, 2016.
Find out what India's real estate players expect from the government's Budget 2017.
On December 13, Jaitley had hinted at making tax rates mores "reasonable" post demonetisation as more money coming into the system.
Tue, Jan 24, 2017
As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.
Smartphone sales in the top 50 Indian cities fell sharply by 30.5 % in November 2016 over the previous month, hit by double whammy of liquid cash crunch and cyclical softness post festive season, research firm IDC said today.
India`s drive to bring transparency to bullion trading, along with the rise of branded gold jewellery, could help major retailers raise their share of the world`s second-biggest gold market to 40% by 2020, the World Gold Council (WGC) said.
Galgali had asked RBI to provide details of the number or value of the fake currencies detected post-demonetisation.
Mon, Jan 23, 2017
The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget 2017 to promote growth of the industry.
Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies, TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.
Following the demonetisation move, the recast in direct tax moves is expected to give a boost the economy.
Home and personal care products major, Hindustan Unilever (HUL), may have its sales impacted due to demonetisation; however, as it prepares to announce its third quarter results today analysts cite another reason for its possible 2% decline in revenues.
Indirect tax receipts grew by an annual 14.2% in December.
Demonetisation will leave a negative impact on small and medium enterprises (SMEs), rural consumption and job creation while the large organised sectors stand to benefit in the long term, industry chamber Assocham said on Sunday.
Sun, Jan 22, 2017
India`s cash-driven agri sector continues to reel under the effects of demonetisation, with farmers growing fruits and vegetables suffering "huge losses," say farm leaders who want the Union budget to "compensate" them for these losses.
Expanding scrutiny of suspicious transactions post demonetisation, the government has begun analysing deposits in new accounts and loan repayments as well as transfers to e-wallets and advance remittance for imports during the last 10 days of deadline to turn in junked notes.
Japanese carmaker Toyota is expecting its vehicle sales in India to remain flat during the current year mainly on account of uncertainty in the market post demonetisation.
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