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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Mon, Jan 02, 2017
Sector-wise, banking sector was 68.74, or 0.33% down.
Sun, Jan 01, 2017
Whether views of the Chief Economic Advisor and the Finance Minister were taken before the sudden announcement of demonetisation of high-value currency notes by Prime Minister Narendra Modi on November 8, the Reserve Bank of India (RBI) feels this query cannot be answered under the Right to Infor
Private steel major Tata Steel on Sunday expressed confidence that the situation would be back to normal in the next quarter after the company's performance was impacted temporarily in November last owing to demonetisation.
Stock market trends this week will largely depend on domestic as well as global macro economic data prints, while expectation of tax sops in budget and weakness of dollar may add to the positive sentiment for the year ahead, experts say.
Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.
Prime Minister Narendra Modi after completion of 50-day demonetisation window announced a series of incentives to senior citizens, farmers, women, and small businesses during his New Year's Eve address to the nation on Saturday.
Prime Minister Narendra Modi in his televised speech on Saturday announced a series of incentives to the poor, farmers, women and small businesses in a New Year`s address, and defended his recent decision to abolish high denomination bank notes, according to Reuters report.
Prime Minister Narendra Modi announced a series of incentives to the poor, farmers, women and small businesses on Saturday in a New Year`s address, and defended his recent decision to abolish high denomination bank notes.
Sat, Dec 31, 2016
Prime Minister Narendra Modi today set out a stern warning of tough action against the "dishonest" people even as he announced a slew of sops for senior citizens, farmers, rural housing, women and small entrepreneurs to soften the blow of demonetisation.
Prime Minister Narendra Modi will be addressing the nation at 7:30 pm on December 31, 2016.
With sky-rocketing property prices and high home loan interest rates, first time home buyers faced hardships in buying homes in top metros of India in 2016 resulting in slowdown in demand and rise in unsold inventories but the new year is expected to bring some cheer for property buyers, say expe
The equity markets witnessed more volatility this year on the back of various events both in domestic and international, which led the investor dance on its tunes.
2016 has been a bumpy road for automobile companies in India.
While the year started at a low, it shifted gears in the months of July, August and September. These hopes, however, were dashed at the end of the year by the impact of demonetisation.
The Reserve Bank of India (RBI) on Friday has increased the daily cash withdrawal limit to Rs 4,500 per day from the earlier cap of Rs 2,500 per day starting from January 1 next year.
However, the weekly cash withdrawal limit of Rs 24,000 per week remains unchanged.
More than two-thirds of ATMs continued to run dry across the country till Friday as banks chose to distribute cash to customers through branches rather than refill machines that could be accessed by all debit card holders,
Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.
Fri, Dec 30, 2016
The transaction limit has been maintained at Rs 20,000 until a further announcement from the RBI.
The year of 2016 has been an eventful one for the Indian economy. While the parliament passed the GST Bill which is expected to boost growth, the demonetisation drive by Prime Minister Narendra Modi is expected to contract economy in the near-term.
The star-rated hotels in metros have registered a decline of about 5-7%.
At the end of the 50 day deadline to extinguish old notes, the Reserve Bank of India (RBI) on Friday said all banks must email the details of old currency notes received today.
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