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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Wed, Dec 07, 2016
RBI has cut repo by 1.75% since January 2015.
Should RBI wait for two more months before cutting rates?
People queuing up outside the banks and ATM kiosks continued to be a common sight in most parts of the national capital on Tuesday -- 28th day since the high-denomination notes were demonetised.
Cashing in on the ongoing demonetisation drive across India, Amazon India is witnessing triple-digit growth in its sales as it has switched to various electronic payments platforms, said the company`s Vice President and Country Manager Amit Agarwal.
The Income Tax Department (I-T) has carried out investigations into over 400 cases post-demonetisation seizing as much as Rs 130 crore in cash and jewellery, an official statement said on Tuesday.
An intense cash shortage in India could force the central bank to cut interest rates to a six-year low on Wednesday as Prime Minister Narendra Modi`s currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains.
Tue, Dec 06, 2016
A total of 2,73,919 camps have been organised so far in which 24.54 lakh accounts have been opened.
Brands such as Paytm and Reliance Jio had received backlash from consumers for using the image of PM Modi for their ads without the consent of the government.
The six-member Monetary Policy Committee (MPC) began its deliberations on Tuesday amid widespread expectations of at least 0.25% (25-basis point) cut in the policy rate to cushion the impact of demonetisation.
Sunil Kataria says that demonetisation has resulted in the wholesale business coming to a standstill and has resulted in impacting nearly 40% of the FMCG sector revenues.
The Reserve Bank of India (RBI) is widely expected to cut interest rates on Wednesday as the economy reels from an unexpected clampdown on cash, but foreign investors will be looking for some assurance that new Reserve Bank Governor Urjit Patel has firm control over monetary policy.
The demonetisation move was going "to damage the economy in long-term" and cash-less digital payment system "may not be helpful as being thought", experts said on Monday.
Mon, Dec 05, 2016
Toyota announced a 3% rise in its prices by January 1, 2017.
Tractor sales are expected to take a hit in the short-term period due to demonetisation impacting farmers' seeds and fertiliser purchases.
Digital wallet service company, Paytm owned by One97 Communications Ltd, said on Monday that it will be converted into Paytm Payments Bank after the company is granted licenses by Reserve Bank of India.
The hike in price is due to the increase in raw material prices which it had been absorbing for a while.
As e-tailing sites and online cab booking services were heavily dependent on cash, it has taken a big hit in terms of the transactions.
Ministry of Commerce and Industry, on Monday revealed the details of gold imports in India over the past year and October’s imports which amounted to 99.62 tons valued at $3.5 billion.
On account of the cash crunch prevailing in India after PM Modi's decision to demonetise higher currency notes, Yes Bank announced on Monday a partnership with Ola cabs to set up mobile ATMs in 10 cities.
Two private bank officials were arrested in connection with the laundering of money during the demonetisation drive.
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