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Demonetisation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Mon, Jun 03, 2024

97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024.

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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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

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PM Narendra Modi promises more reforms, says note ban short-term pain

PM Narendra Modi promises more reforms, says note ban short-term pain

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".

Here's full text of PM Narendra Modi's speech at NISM campus

Here's full text of PM Narendra Modi's speech at NISM campus

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

Maruti bookings slump 20% in October-November due to demonetisation

Maruti bookings slump 20% in October-November due to demonetisation

Sat, Dec 24, 2016

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.

GST Council makes headway on bills, stuck on taxpayer control

GST Council makes headway on bills, stuck on taxpayer control

Sat, Dec 24, 2016

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.

RBI's container carrying scrapped notes fined for overloading

RBI's container carrying scrapped notes fined for overloading

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).

Demonetisation blues over: Maruti Suzuki says sales rise 7% in December

Demonetisation blues over: Maruti Suzuki says sales rise 7% in December

Fri, Dec 23, 2016

Bhargava further said that while the rural sales of Maruti Suzuki in November were down 11%, in December it was up 18% so far.

Demonetisation: Approval rate remains high as 50-day window nears end

Demonetisation: Approval rate remains high as 50-day window nears end

Fri, Dec 23, 2016

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.

Here are 4 ways to get cash without standing in ATM, bank queues

Here are 4 ways to get cash without standing in ATM, bank queues

Fri, Dec 23, 2016

With the existing cash crunch after demonetisation blues hit Indian markets, retailers and e-commerce platforms found a way around the mess.

Employment edges higher in FY16, but demonetisation may slow it down

Employment edges higher in FY16, but demonetisation may slow it down

Fri, Dec 23, 2016

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.

RBI's latest currency disbursal figures: The math still doesn't add up

RBI's latest currency disbursal figures: The math still doesn't add up

Fri, Dec 23, 2016

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.

Dent on growth will be bigger than RBI's estimates: Nomura

Dent on growth will be bigger than RBI's estimates: Nomura

Thu, Dec 22, 2016

The next monetary policy meet is on February 8.

Money deposited in Jan Dhan accounts drop for the first time

Money deposited in Jan Dhan accounts drop for the first time

Thu, Dec 22, 2016

So far, over Rs 14 lakh crore have been deposited, Reserve Bank of India (RBI) data shows.

Nearly Rs 6 lakh crore withdrawn up to December 19, RBI says

Nearly Rs 6 lakh crore withdrawn up to December 19, RBI says

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.

Bring certain agricultural activities into income tax net: Experts tell Jaitley

Bring certain agricultural activities into income tax net: Experts tell Jaitley

Wed, Dec 21, 2016

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.

RBI's u-turn: Won't be questioned for depositing more than Rs 5000

RBI's u-turn: Won't be questioned for depositing more than Rs 5000

Wed, Dec 21, 2016

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

Now buy Amul Milk without paying cash!

Now buy Amul Milk without paying cash!

Wed, Dec 21, 2016

Mobikwik has added 1,50,000 retailers to its networks in the month of November.

Here's how much it costs RBI to print new notes of Rs 500, Rs 2,000

Here's how much it costs RBI to print new notes of Rs 500, Rs 2,000

Wed, Dec 21, 2016

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.

Economists pitch for 'out-of-box' Budget to FM Arun Jaitley

Economists pitch for 'out-of-box' Budget to FM Arun Jaitley

Wed, Dec 21, 2016

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.

Rs 5000 deposit: Won't have to explain 'delay' to bankers, Finance Minister Jaitley says

Rs 5000 deposit: Won't have to explain 'delay' to bankers, Finance Minister Jaitley says

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.

Loan disbursement continues to fall post demonetisation, says BFIL

Loan disbursement continues to fall post demonetisation, says BFIL

Tue, Dec 20, 2016

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.

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