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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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 17, 2016
Income Tax department (I-T) has issued around 3,000 notices to assessees for unmatched deposits in bank accounts, while it has seized a total of Rs 393 crore in cash and jewellery over the past five weeks.
Finance Minister Arun Jaitley on Saturday hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.
Acting on a complaint from digital wallet company Paytm, Central Bureau of Investigation (CBI) has registered a case against 15 customers of the company over allegations of cheating it to the tune of Rs 6.15 lakh.
To encourage digital transactions, the Reserve Bank of India (RBI) on Friday decided to slash MDR charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from January 1 to March 31.
Cash shortage following the demonetisation of high value currency notes will end by mid-January, NITI Aayog CEO Amitabh Kant said on Friday while hinting that cash handling would be dearer in future by way of a cess.
Fri, Dec 16, 2016
The Ministry said that while the searches have been carried out in 291 cases across the country, 295 cases have been covered by survey action.
In what has proven to be the ‘least productive session’ in parliament in 15 years, the issue of demonetisation disrupted the parliament repeatedly this winter.
This money deposited by you may have been received as gift or held by you as a reserve to meet exigencies.
As per RBI, in the month of November 2016, a total of 671.5 million transactions took place with a total value of Rs 94,004.2 billion.
With the availability of credit, it is easy for borrowers to refinance their debt.
Thu, Dec 15, 2016
The third largest luxury carmaker BMW India, which today launched the fourth model from its Mini stable here, hopes to have petrol variants for all its nearly a dozen models by next year.
He said notes seized from illegal accumulations are being put back into the circulation as soon as possible.
Amitabh Kant announced schemes which incentivise transactions as small as Rs 50 to Rs 3,000 to encourage digital payments.
IT officials also recovered over Rs 100 crore from 44 suspect accounts in an Axis Bank branch in Chandni Chowk area in Delhi.
The government on Thursday informed the Supreme Court that Indian banks have received Rs 13 lakh crore old notes in cash deposits after the demonetisation announcement on November 8.
In the month of April, the diesel exports were 20.61 lakh metric tonne.
In the fast moving consumer goods (FMCG) sector, wholesalers have a direct distribution of nearly 42% and have seen a considerable decline in sales after demonetisation of higher currency.
India`s scrapping of high-value bank notes last month has dragged down economic growth in neighbouring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.
Wed, Dec 14, 2016
RBI governor Urjit Patel will attend the central board meet.
The Indian Railways, which has a six billion passenger traffic every year, does 58% of its ticketing online, without cash.
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