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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Tue, Dec 27, 2016
The tax returns when compared with car sales throw astonishing numbers.
The IT department has send notices to car dealers asking them for information on the sales of luxury cars from November 8 onwards.
Just moments after PM Modi's demonetisation announcement Paytm jumped into action to come up with a marketing strategy that put them way ahead of other digital wallets.
Modi Government is planning to prepare an ordinance to impose penalties on anyone possessing old notes beyond December 30, 2016, PTI reported on Tuesday.
Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet NITI Aayog officials, economists and experts on Tuesday to get their views on the upcoming Budget 2017-18.
Mon, Dec 26, 2016
The 13-member committee is expected to meet on December 28 again.
This benefit does not accrue to those farmers who repay after one year of availing such loans.
The word "benami" means “without name”or “no name”.
Describing the currency being deposited in banks following last month`s demonetisation of high-value notes as money that has lost its earlier "anonymity", Finance Minister Arun Jaitley on Sunday said these funds now available with the banks have strengthened the Indian banking system.
Sun, Dec 25, 2016
The Reserve Bank of India (RBI) has refused to allow access to minutes of meetings held to decide on the issue of demonetisation of Rs 1,000 and Rs 500 notes announced by Prime Minister Narendra Modi on November 8.
India's CPI inflation is likely to average around 5.3% in 2017, up from 5.1% in 2016, but the Reserve Bank of India (RBI) might still cut repo rate by 25 basis points in the first quarter (Q1) of next year, says a Nomura report.
Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and Reserve Bank of India (RBI) have not been able to keep pace with the demand of new currency notes.
The demonetisation drive has eaten into the growth momentum of the biscuits sector, which has seen sales fall by up to 1.5 percentage points, according to market leader Parle Products.
Maruti Suzuki on Friday announced that it has bounced back from the impact of demonetisation in December by posting a growth in bookings of 7% till date. This after bookings had declined by 20% in November post demonetisation.
Prime Minister Narendra Modi during his last radio speech of this year in the 'Mann Ki Baat' programme on Sunday thanked people for enduring the "pain" caused by the government`s November 8 demonetisation decision that caused cash crunch in the country, IANS reported.
Reserve Bank of India's (RBI) all powerful central board is short of ten non-official directors and one Deputy Governor at a time when the apex bank is engaged in massive demonetisation and remonetisation exercises.
Union Finance Minsiter Arun Jaitley on Saturday said that the Goods and Services Tax (GST) Council has made "significant progress" on the provisions relating to the indirect tax regime and resolution of the "one difficult issue" of dual control or cross empowerment that deals with assessee jurisd
Prime Minister Narendra Modi on Saturday said that if the evils of corruption and black money had been tackled by the previous governments, he would not have been forced to take a tough decision like demonetisation.
Prime Minister Narendra Modi on Saturday warned of ruin for the dishonest after the expiry of December 30 deadline for depositing scrapped currency and said they should not underestimate the mood of the country against corruption.
Sat, Dec 24, 2016
Prime Minister Narendra Modi on Saturday hinted at unleashing more radical reforms, saying his government will not shy away from taking difficult decisions that are in national interest and admitted the note ban caused "short-term pain".
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