new notes
RBI pumped in Rs 9.2 lakh crore worth of new notes so far into banking system: Source
Wed, Jan 18, 2017
The Reserve Bank of India (RBI) has injected Rs 9,20,000 crore ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary source quoted central bank governor Urjit Patel as saying on Wednesday.
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Post demonetisation, consumer demand likely to be normal by April-June quarter of 2017: CII
Fri, Jan 13, 2017
Terming demonetisation as a right long-term decision despite short-term "disruptions", CII President Naushad Forbes has said consumer demand is expected to return to full normalcy in April-June quarter after seeing a 20% fall in the 50-day period after the note ban.
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Income Tax detects Rs 4,807 crore black income; seizes Rs 112 crore new notes
Sun, Jan 08, 2017
Over Rs 4,807 crore of undisclosed income has been detected while Rs 112 crore worth new notes have been seized by the Income Tax department as part of its country-wide operations against black money hoarders post demonetisation.
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Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30
Sat, Dec 31, 2016
Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.
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Demonetisation: I-T dept raids house of Tamil Nadu's chief secretary Rama Mohana Rao
Wed, Dec 21, 2016
Income Tax (I-T) department officials on Wednesday raided the house of Tamil Nadu Chief Secretary P Rama Mohana Rao. "The raids have commenced at Tamil Nadu Chief Secretary`s residence," a senior Income Tax official told IANS.
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Here's how much it costs RBI to print new notes of Rs 500, Rs 2,000
Wed, Dec 21, 2016
After the government announced demonetisation of old notes of Rs 500 and Rs 1,000, the Reserve Bank of India (RBI) has fasten up its speed to produce new notes of Rs 500, Rs 1,000 and Rs 2,000 denomination in order to avoid cash shortage into the economy.
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