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Note ban anniversary: RBI says still verifying returned notes
Sun, Oct 29, 2017
Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said.
'SMEs have fully absorbed demonetisation issues'
Sat, Oct 28, 2017
Co-founders of GlobalLinker, Sameer Vakil and Summi Gambhir talk about the impact of demonetisation and Goods and Services Tax (GST) on small businesses.
Samvat 2074: Sensex, Nifty to give double-digit growth?
Thu, Oct 19, 2017
Samvat 2073 was a great year for Indian markets adding over Rs 25 lakh crore to investor's portfolio. From the past-samvat, Sensex and Nifty has grown by 16% and 18% respectively.
Here's where GST, demonetisation took India's economy in one year of Diwali
Thu, Oct 19, 2017
Performance during Diwali festive season serves as a barometer of the health and strength of businesses and the Indian economy as a whole.
Lack of Diwali bonus due to GST adds to Diwali spending woes
Wed, Oct 18, 2017
Not only spending sentiments have come down this Diwali but also demand for various products which rooted for such festive season.
Are the new Rs 200 notes coming to ATMs near you?
Tue, Oct 17, 2017
The Rs 200 notes is introduced in lower end of denomination series as per RBI. So far, India has bank notes like Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000.
Certificate of Deposits fall below Rs 1 lakh crore for the first time in a decade
Mon, Oct 16, 2017
Performance in Certificate in deposits have decline by nearly 60% in September 2017. Such decline was on the back of weak credit growth from banks, surge in deposit base post demonetisation.
India should prioritise public banking sector reforms: IMF
Fri, Oct 13, 2017
The country's growth is expected to accelerate in the medium-term as temporary disruptions due to demonetisation and the Goods and Services Tax (GST) fade, the International Monetary Fund said in its Asia and Pacific Regional Economic Outlook Update.
India GDP: IMF's forecast not surprising; problems way beyond demonetisation, GST
Thu, Oct 12, 2017
IMF and many economists have forecasted India's GDP growth to range between 6.5% to below 7% for fiscal year 2017-18 (FY18)
Demonetisation, GST uncertainties affected India's economic momentum: World Bank
Wed, Oct 11, 2017
A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia. As a result, South Asia has fallen to second place after East Asia and the Pacific.
Back to nought: Cash is slowing eating away mobile wallets' party
Tue, Oct 10, 2017
Mobile user base growth slowed down to 9% in Q2 from a huge 23% growth in the Q1.
Rs 4500 crore deposited, withdrawn from suspected shell companies' accounts, Govt says
Fri, Oct 06, 2017
Banks started scanning last week all the account details of directors who were disqualified by the ministry of corporate affairs as part of alleged shell companies.
Govt expects rate cut from RBI in next monetary policy review
Mon, Oct 02, 2017
Several experts and industry bodies too have made a strong case for lowering of the key interest rate in view of subdued inflation and the urgency to propel economic growth.
Govt's digital payments push making banks suffer a loss of Rs 3,800 crore: SBI
Thu, Sep 28, 2017
The number of point of sale (PoS) terminals post demonetisation increased from 13.8 lakh in March, 2016 to 28.4 lakh in July, 2017.
GST, demonetisation impact waning in ad industry; boost expected from festive season
Wed, Sep 27, 2017
The ad growth is showing signs of a strong recovery with the onset of the festive season from mid-August.
Despite short-term hiccups, India will remain world’s most dynamic emerging economies: ADB
Tue, Sep 26, 2017
ADB in its report said that the forecast for the rest of FY2017 will be more bullish as private consumption is expected to pick up on the back of low inflation and anticipated wage hikes.
Economic stimulus on its way but where should it be spent?
Fri, Sep 22, 2017
India's GDP (Gross Domestic Product), which is a sum total of all goods and services produced in the country in a given period, dropped to a three-year low at 5.7% in three months ended June 2017.
Project Insight likely to be launched next month; 7 things you need to know
Wed, Sep 13, 2017
The tax department had last year signed a pact with L&T Infotech for implementation of Project Insight, which is designed to strengthen the non-intrusive information driven approach for improving tax compliance.
Direct tax collections: Did demonetisation, GST slow personal income tax growth?
Tue, Sep 12, 2017
Four months into this fiscal year and the direct tax collections may have increased but the percentage of personal income tax growth was less than half of the year ago period.
No counting machines, but sophisticated currency verification units being used for scrapped notes: RBI
Mon, Sep 11, 2017
Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have been scrapped)", the RBI clarified later this evening.