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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Fri, Sep 01, 2017
On November 08, PM Narendra Modi banned old Rs 500 and Rs 1000 with an objective to tackle black money, make India a cashless economy and expand the country's tax-base.
India's GDP for first quarter of financial year 2017-18 (Q1FY18) came in at 5.7% below market expectation of 6.6%. This has resulted in Indian economy at three-year low.
The advertising industry has been hit due to reforms ranging from the demonetisation to GST and even RERA, which have resulted in advertisers such as FMCG, Automobile companies cutting their ad spends.
On November 08, 2017, Prime Minister Narendra Modi announced the withdrawal of high-denomination currency notes like Rs 1000 and Rs 500 to tackle black money and terror financing.
Thu, Aug 31, 2017
What was the real purpose of demonetisation? Zeebiz attempts to answer your queries.
In Q4FY17, India's GDP numbers missed estimates and dropped to 6.1%. While Real GDP at constant (2011-12) prices for FY17 is estimated at Rs 121.90 lakh crore showing a growth rate of 7.1% over the year 2015-16 of Rs 113.81 lakh crore, as per CSO.
A day after the Reserve Bank said that almost all of the demonetised currency came back into the system, Jaitley said the fact that money got deposited in banks does not mean that all of it is legitimate money.
GDP numbers of first quarter of FY18 will be announced on August 31, analysts believe the growth will be better compared to previous quarter. However, the economy will see some impact of GST implementation.
Gross domestic product (GDP) is expected to have expanded 6.6 percent in the April-June quarter from a year earlier, according to economists polled by Reuters.
Wed, Aug 30, 2017
All but 1.4 per cent of the old Rs 1,000 notes have come back into the banking system post demonetisation, the Reserve Bank said today.
Last quarter of FY17 showcased that indicators of Gross Valua Added (GVA) have defied the impact of demonetisation. This time GST is in picture and analysts and economists feel Q1FY18 economy numbers may not escape its affect.
Mon, Aug 28, 2017
Government had demonetised the Rs 1000 notes last year. The new Rs 1000 notes may be out as early as December 2017.
Thu, Aug 24, 2017
FM Jaitley ruled out all allegation which stated that Rs 2,000 notes will be ban on August 23, 2017. However, Rs 200 and new Rs 50 notes will be out soon in the market.
Sun, Aug 20, 2017
Minister for electronics and information technology Ravi Shankar Prasad said, there were around Rs12,000 crore worth of digital transactions every year and the number of fraudulent transactions among these was low.
Fri, Aug 18, 2017
Clarification by the government regarding number of taxpayers added after demonetisation.
Thu, Aug 17, 2017
A total of seven banks have revised interest rates on savings bank account between 25 basis points - 100 basis points on various minimum balance.
Tue, Aug 15, 2017
In fourth speech as Prime Minister of the country, Narendra Modi spoke about demonetisation drive and continuous effort to fight with black money.
Mon, Aug 14, 2017
RBI in its circular on August 10, stated that the central board has approved to transfer surplus amounting to Rs 30,659 crore. This would be not even half of surplus it provided in FY16.
Sun, Aug 13, 2017
Here are some facts about the printing and other factors that went into the making of the new Rs 500 currency note as given by top officials involved in the issue.
Sat, Aug 12, 2017
Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.
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