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Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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.

TRENDING NOW

Reforms pave the way for India's stronger medium-term growth: Report

Reforms pave the way for India's stronger medium-term growth: Report

Mon, Jan 08, 2018

Key highlights:

Indian economy's four-year low data surprise experts, analysts

Indian economy's four-year low data surprise experts, analysts

Mon, Jan 08, 2018

GDP numbers stood at 6.3% in the second quarter of FY18 (Q2FY18) from 5.7% in the preceding quarter.

What will be India's advanced GDP numbers for FY18?

What will be India's advanced GDP numbers for FY18?

Fri, Jan 05, 2018

India’s GDP growth surged by 6.3% in the September quarter compared to 7.5% in the corresponding period of the previous year.

E-commerce sector rides on Digital India, note ban

E-commerce sector rides on Digital India, note ban

Sat, Dec 30, 2017

More than computer-based Internet penetration and broadband extension, the record growth of smartphones and the 4G network rollout made e-tailing popular even in secondary cities and towns across the country thanks to easy and quick access to information and data on products and services.

Prospective stocks of 2018

Prospective stocks of 2018

Wed, Dec 27, 2017

Based on the fundamentals, business prospects and management outlook, various market research firms have suggested some prospective stocks

From GST induced sales to 24 hours open shops; major changes in the retail space in 2017

From GST induced sales to 24 hours open shops; major changes in the retail space in 2017

Sat, Dec 23, 2017

A look back at the year 2017 that India's retail sector has had.

Disqualified directors of shell companies may soon get relief

Disqualified directors of shell companies may soon get relief

Wed, Dec 20, 2017

The government had struck off a total of 2,24,000 companies, thereby disqualifying about 3,09,000 directors.

FMCG, white goods makers pin hope on 2018 to erase woes of 2017

FMCG, white goods makers pin hope on 2018 to erase woes of 2017

Tue, Dec 19, 2017

The companies feel that prospects of good economic growth coupled with a revival in demand and consumption will help them overcome the hit they took on volumes and profits in 2017.

RBI spent about Rs 5,000 crore on printing new Rs 500 notes: MoS Finance

RBI spent about Rs 5,000 crore on printing new Rs 500 notes: MoS Finance

Mon, Dec 18, 2017

Introduction of this new currency and design has been brought in considering various factors like ease of transaction for common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.

FinMin shows strong macro-economic fundamentals, reforms for sustained growth in 2017

FinMin shows strong macro-economic fundamentals, reforms for sustained growth in 2017

Mon, Dec 18, 2017

Union Finance Ministry on Monday released its year end review showing strong macro-economic fundamentals and reforms for sustained growth for the year 2017-18.

Banks yet to pay CITs Rs 25 crore for note ban period, says CLA

Banks yet to pay CITs Rs 25 crore for note ban period, says CLA

Wed, Dec 13, 2017

The Cash Logistics Association (CLA) Secretary General U S Paliwal said that these companies provided additional services for evacuating old Rs 500 and Rs 1,000 notes from ATMs across the country and recalibration of about 1.5 lakh ATMs to dispense new notes of Rs 2,000 and Rs 500.

India's growth rate to accelerate to 7.2% in 2018, 7.4% in 2019: UN

India's growth rate to accelerate to 7.2% in 2018, 7.4% in 2019: UN

Tue, Dec 12, 2017

The report warned that for India "the anaemic performance of private investment remains a key macroeconomic concern." "Gross fixed capital formation as a share of GDP has declined from about 40 per cent in 2010 to less than 30 per cent in 2017," the report said.

India's GDP growth: Economists cut their forecasts

India's GDP growth: Economists cut their forecasts

Tue, Dec 05, 2017

Fitch alone is not disappointed by the country's current growth rate, CRISIL too has projected India's GDP at 6.8% with downside bias from previous 7% for FY18.

Shell Companies: SFIO to probe 18 cos for suspicious transactions post note ban

Shell Companies: SFIO to probe 18 cos for suspicious transactions post note ban

Sun, Dec 03, 2017

After striking off names of around 2.24 lakh companies from the official records for being inactive for long and disqualifying more than 3 lakh directors, the corporate affairs ministry is carrying out data mining to gather more details.

Double digit loan growth possible next year, says HDFC Bank

Double digit loan growth possible next year, says HDFC Bank

Sun, Dec 03, 2017

After clocking just under 10% growth for almost a year, credit expansion fell to under 5% starting November 2016. Since then it has been struggling to cross the double digit mark on sustained basis due to the impact of demonetisation and the implementation of Goods and Services Tax (GST).

FPIs inflow hit 8-month high in November; injects over Rs 19,700 crore

FPIs inflow hit 8-month high in November; injects over Rs 19,700 crore

Sun, Dec 03, 2017

The strong inflow could be largely attributed to the government's decision to recapitalise public-sector banks, which is expected to enhance lending and propel economic growth, said Morningstar India's senior analyst manager (research) Himanshu Srivastava.

Growth to pick up to 7.6% in second half of this fiscal: Crisil

Growth to pick up to 7.6% in second half of this fiscal: Crisil

Fri, Dec 01, 2017

The agency said "Gross value-added (GVA) growth, which measures the economy from the producer or supply side – and is supposed to be a better measure of economy activity – improved to 6.1% in Q2 from 5.6% in Q1, largely on account of revival in industrial activity."

India's economic growth may rebound as demonetisation, GST impact fades

India's economic growth may rebound as demonetisation, GST impact fades

Thu, Nov 30, 2017

Finance Minister Arun Jaitley said that India has standardised itself for a 7-8 per cent growth rate on the back of improving macroeconomic fundamentals.

Will India's GDP reverse course in Q2FY18?

Will India's GDP reverse course in Q2FY18?

Wed, Nov 29, 2017

Niti Aayog's Vice-Chairman Rajiv Kumar earlier expressed his confidence stating that India's economic growth in Q2FY18 is expected to soar between 7% and 7.5%. Considering an economist's forecast, this number was a higher projection.

LIC's Jeevan Akshay plan may be stopped from next month

LIC's Jeevan Akshay plan may be stopped from next month

Wed, Nov 29, 2017

To opt for Jeevan Akshay, a minimum age requirement is 30 years, while maximum is 65 years. A person can start this plan by making a minimum investment of Rs 1 lakh, however there is no maximum limit.

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