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Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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

Demonetisation: Finance Ministry allows farmers to buy seeds using old notes

Mon, Nov 21, 2016

The Ministry has ensured that the farmers will be suitably facilitated during the Rabi season.

Income Tax Dept may assess only 1% tax assesses on staff shortage

Income Tax Dept may assess only 1% tax assesses on staff shortage

Mon, Nov 21, 2016

The Income Tax department has come under tremendous pressure on account of shortage of staff and they may only focus on catching the big time tax evaders in the country.

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Mon, Nov 21, 2016

The government has acknowledged that the disruption would last weeks because of delays in note printing and technical problems with ATM machines, but Modi has made a plea for patience until Dec. 30. The government said it could not have printed new notes or recalibrated cash machines in advance for fear of the move leaking out.

Suspect cash: I-T dept warns violators will face maximum 7 year jail

Suspect cash: I-T dept warns violators will face maximum 7 year jail

Sun, Nov 20, 2016

Such instances where the suspicion is found to be true will be prosecuted under the Benami Property Transactions Act, 1988.

Five ways Indians are dodging 'black money' crackdown

Five ways Indians are dodging 'black money' crackdown

Sun, Nov 20, 2016

Some affluent buyers have reportedly been paying almost twice the market value for gold in old notes.

Liquidity to stay, interest rates may fall further: SBI

Liquidity to stay, interest rates may fall further: SBI

Sun, Nov 20, 2016

SBI's cash deposits have swollen by over Rs 1.27 lakh crore as on November 17.

Modi government has sent right signals to foreign investors: French Economist

Modi government has sent right signals to foreign investors: French Economist

Sun, Nov 20, 2016

He added that the brand 'Made in India' is weak, which does not help exports.

Demonetisation: Now, first pay and then get petrol in Goa

Demonetisation: Now, first pay and then get petrol in Goa

Sun, Nov 20, 2016

All the petrol pumps in Goa were committed to accept old currency notes till November 24 as notified by the government.

Demonetisation: Mutual Funds eye Rs 1.5 trillion inflows from HNIs, retail investors

Demonetisation: Mutual Funds eye Rs 1.5 trillion inflows from HNIs, retail investors

Sun, Nov 20, 2016

As of March-end 2015, individual (excluding corporates and institutions) deposit values in banks stood at around Rs 50.6 lakh crore.

GDP to fall post demonetisation, follow-up reforms key: HSBC

GDP to fall post demonetisation, follow-up reforms key: HSBC

Sun, Nov 20, 2016

HSBC's forex strategists see the rupee weakening versus the USD to 68.0 by end-2016 and 69.5 by end-2017.

Demonetisation: Are retailers forced to switch to non-cash mode

Demonetisation: Are retailers forced to switch to non-cash mode

Sun, Nov 20, 2016

The wallet-to-wallet transactions would also see a big growth, the report said.

Market review: Equities plunge as foreign investors take flight on demonetisation

Market review: Equities plunge as foreign investors take flight on demonetisation

Sat, Nov 19, 2016

Massive outflow of foreign funds, along with rupee depreciation and political bickering over the government`s recent demonetisation move, plunged the key Indian equity markets by around 2.50 % during the just-concluded week.

Everything you need to know about demonetisation in just 2 minutes

Everything you need to know about demonetisation in just 2 minutes

Sat, Nov 19, 2016

Following the government’s announcement on the currency ban of Rs 500 and Rs 1,000 notes, a series of new developments and improvisations were declared.

Demonetisation turns bitter for Bengal's famed sweet shops

Demonetisation turns bitter for Bengal's famed sweet shops

Sat, Nov 19, 2016

Bengal's sweet tooth is set to turn bitter as makers of the popular rosogolla (rasgulla) and sandesh have been left battered by the central government`s decision to ban Rs 500 and Rs 1,000 currency notes in a bid to weed out black money.

Banks to serve only their customers for exchange of notes tomorrow

Banks to serve only their customers for exchange of notes tomorrow

Fri, Nov 18, 2016

However, senior citizens are exempted and they can go to any bank branch to exchange notes tomorrow.

India's FY18 GDP growth cut to 5.8% on demonetisation impact: Report

India's FY18 GDP growth cut to 5.8% on demonetisation impact: Report

Fri, Nov 18, 2016

The GDP growth is expected to contract in the third quarted of this fiscal.

How to avoid cyber fraud in card transaction

How to avoid cyber fraud in card transaction

Fri, Nov 18, 2016

To secure the POS system, any Wi-Fi systems should be password-protected.

PM Modi's demonetisation drive may shave off 0.5% from India's GDP this year

PM Modi's demonetisation drive may shave off 0.5% from India's GDP this year

Fri, Nov 18, 2016

GVA or Gross Value Added is a measure of the value of all goods and services produced in an economy.

Demonetisation: India gold premiums surge to two-year highs on fears of import curb

Demonetisation: India gold premiums surge to two-year highs on fears of import curb

Fri, Nov 18, 2016

Gold premiums in India jumped to two-year highs this week as jewellers ramped up purchases on fears that the government might put curbs on imports after withdrawing higher-denomination notes from circulation in its fight against black money.

Cash crunch to hurt Indian palm oil imports

Cash crunch to hurt Indian palm oil imports

Fri, Nov 18, 2016

India's palm oil imports are expected to slip next month by up to a fifth, including from the top two producers Indonesia and Malaysia, as New Delhi`s removal of high-value rupee notes from circulation disrupts distribution systems and curbs demand.

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