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Note Ban News
Demonetisation: Revealed! Who placed government's proposal to ban Rs 500, Rs 1000 notes before RBI Board?
Wed, Mar 13, 2019
Demonetisation, Note Ban: The government's proposal to ban Rs 500 and 1000 notes was placed by the then RBI Deputy Governor Rama Subramaniam Gandhi before its board, which resolved to back the move in "larger public interest" though some directors raised concerns about short-term negative impact
Demonetisation threw up political, economic puzzles: Arvind Subramanian
Mon, Dec 10, 2018
Subramanian, currently teaching at Harvard Kennedy School, and here for the launch of his book "Of Counsel: The Challenges of the Modi-Jaitley Economy", published by Penguin, referred to the chapter "The Two Puzzles of Demonetisation -- Political and Economic".
Demonetisation a massive, draconian, monetary shock: Arvind Subramanian
Thu, Nov 29, 2018
Breaking his silence on the November 8, 2016 decision of PM Modi, Arvind Subramanian says that he does not have a strongly-backed empirical view apart from the fact that the welfare costs, especially on the informal sector, were substantial.
GST, note ban fail to dent monthly registration of companies
Tue, Jan 30, 2018
Total number of companies registered in the country as of December 31, 2017, stood at 1,720,682
Startups look for booster dose in Union Budget
Wed, Jan 24, 2018
Startups feel many things left to be done by the government for them as they often hit the regulatory roadblocks under the heavy hand of archaic laws
Modi says 'development' top agenda for Budget, bats for simultaneous polls
Sat, Jan 20, 2018
PM Narendra Modi, in an exclusive interview with Zee News editor Sudhir Chaudhary yesterday, said that his government’s only agenda for the Budget is development.
Realty sector seeks infra status, tax rationalisation in upcoming Budget
Mon, Jan 15, 2018
Extending infra status to the sector will help developers raise funds at lower rates and, in turn, reduce their project costs
Electoral bonds to help government check black money in political funding
Wed, Jan 03, 2018
This move is aimed to make the political funding more transparent as presently all the funding are in the name of anonymous cash donations.
Banks yet to pay CITs Rs 25 crore for note ban period, says CLA
Wed, Dec 13, 2017
The Cash Logistics Association (CLA) Secretary General U S Paliwal said that these companies provided additional services for evacuating old Rs 500 and Rs 1,000 notes from ATMs across the country and recalibration of about 1.5 lakh ATMs to dispense new notes of Rs 2,000 and Rs 500.
RBI study claims major drop in cash payments after note-ban
Sat, Nov 25, 2017
The government had on November 8 last year surprisingly cancelled all the banknotes in the Rs 1,000 and 500 denominations, which was around 86% of the money in circulation, with multiple objectives.
300% jump in PAN applications post note ban: CBDT
Wed, Nov 15, 2017
There was a 300 per cent jump in the number of applications for PAN (Permanent Account Number) post demonetisation, the CBDT said today.
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.
'Weak investment demand bigger challenge than GST, noteban'
Wed, Sep 06, 2017
India's economic activity lost momentum in the June quarter and critics blamed GST as well as demonetisation for the slip, but its weak investment demand that is a bigger challenge, experts say.
Demonetisation may have hurt more than it helped
Sat, Sep 02, 2017
It will take time for the economists to figure out whether the fall in the growth rate to 5.7 per cent is the result of the disruption caused by demonetisation and the Goods and Services Tax (GST), but most of the common people will see a connection between the two steps and a slowing down of the
Nearly 99% of all demonetised Rs 1,000 notes returned, RBI says
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.
Post note ban, why were new Rs 500 notes late in coming?
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.
Demonetisation cut cash in economy by 20%: Economic Survey-II
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.
RBI to procure 50 note verifying machines
Sun, Jul 30, 2017
As per the Request for Proposal (RFP), the machines should be computer based and microprocessor controlled and capable of processing, counting, sorting and authenticating banknotes into 'fit for circulation', 'unfit for circulation', 'reject notes', 'suspect/forged notes', and 'emission-wise sorting on design and series', among other categories.
I-T Department unearths income of Rs 5,400 crore post-note ban
Sat, Jul 22, 2017
"During the period from November 9, 2016 to January 10, 2017, more than 1,100 searches and surveys were conducted by the I-T Department apart from issuing more than 5,100 verification notices in the cases of suspicious high value cash deposits or related activities," Minister of State for Finance Arjun Ram Meghwal told the Lok Sabha.
Delhi ahead Mumbai by Rs 21,000 crore in deposits after demonetisation move
Mon, Jun 12, 2017
Watch this segment to know the full story behind post-demonetisation collection. Mumbai behind Delhi in money collection.