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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Sat, Dec 24, 2016
Prime Minister Narendra Modi, who is one a day long visit to Maharashtra state, on Saturday while inaugurating new campus of National Institute of Securities Markets (NISM) at Patalganga in Mumbai emphasised on the need for the stock markets participants to be well-informed about the markets prod
Country's largest carmaker Maruti Suzuki on Friday said bookings declined by 20% in the October-November period, compared to the same period last year, as cash crunch following scrapping of high-value notes led to fall in demand.
The all-powerful GST Council on Friday made a 'reasonable headway' on supporting legislations for the new indirect tax regime but its rollout from April 1 looked virtually impossible as it postponed discussion on the critical issue of administration and control of tax payers.
Fri, Dec 23, 2016
A container truck hired by Reserve Bank of India (RBI) to carry demonetised currency notes from Bhilai in Chhattisgarh to Nagpur, was stopped at Deori border check-post in Gondia district and penalised for overloading, by the Regional Transport Office (RTO).
Bhargava further said that while the rural sales of Maruti Suzuki in November were down 11%, in December it was up 18% so far.
People affected by the currency ban have continued to give PM Modi a big thumbs up for his decision to demonetise higher denominations on November 8.
With the existing cash crunch after demonetisation blues hit Indian markets, retailers and e-commerce platforms found a way around the mess.
Aggregate employment for the 2,112 sample companies increased from 5.63 million in FY15 to 5.72 million in FY16 resulting in growth of 1.6%. However, with demonetisation next year' s employment level could slow down considerably.
On December 7, during the monetary policy press conference, the Deputy Governor of RBI, R. Gandhi, informed the media that a total of Rs 4 trillion or Rs 4 lakh crore had been disbursed to the public in new currency notes till the day before.
Thu, Dec 22, 2016
The next monetary policy meet is on February 8.
So far, over Rs 14 lakh crore have been deposited, Reserve Bank of India (RBI) data shows.
Wed, Dec 21, 2016
In this period, the Reserve Bank has issued to the banks and their branches, for distribution to the public, a total of 22.6 billion pieces of notes of various denominations of which 20.4 billion pieces belonged to small denominations of ₹ 10, 20, 50 and 100s and 2.2 billion belonged to higher denominations of ₹ 2000 and ₹ 500.
In an attempt to curb people from converting black money into white, economists in their pre-budget consultative meeting with Finance Minister Arun Jaitley in New Delhi on Tuesday suggested the minister to bring certain type of agriculture income under tax net.
No questioning will be done for the tenders depositing old notes up to or less than Rs 5000 into bank accounts till the mentioned date
Mobikwik has added 1,50,000 retailers to its networks in the month of November.
After the government announced demonetisation of old notes of Rs 500 and Rs 1,000, the Reserve Bank of India (RBI) has fasten up its speed to produce new notes of Rs 500, Rs 1,000 and Rs 2,000 denomination in order to avoid cash shortage into the economy.
Government should make the best use of demonetisation and come out with a Budget full of out-of-box ideas, economists told Finance Minister Arun Jaitley in New Delhi.
Tue, Dec 20, 2016
Following this, RBI stated rules that said that the credit of old notes will be afforded only after questioning tenderer, on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier and receiving a satisfactory explanation.
Non-banking micro-finance company, Bharat Financial Inclusion Limited (BFIL), on Tuesday unveiled data that showed post demonetisation loan disbursement has witnessed a steady decline.
After demonetisation, Government of India is currently mooting several proposals to push the country towards being less-cash. Apart from giving discounts on using debit or credit cards, there is a possibility that using cash may be taxed, Aseem Manchanda reports.
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