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.
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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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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.
Sun, Jul 16, 2017
Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'.
Fri, Jul 14, 2017
The Income Tax Department on Friday launched phase 2 of its Operation Clean Money. In the first phase, it had identified nearly 20 lakh people who deposited cash inconsistent with their incomes.
Thu, Jul 13, 2017
RBI Governor Urjit Patel listed these reasons for not being able to decipher how many illegal notes have come back to the central bank.
Wed, Jul 12, 2017
De-stocking on wholesale and CSD level in last days of June quarter, will impact overall earnings of FMCG companies. Margins will also face some pressure.
Sun, Jul 09, 2017
The central bank said that demonetisation is not one of the 27 grounds under which a customer can lodge a complaint with the Banking Ombudsman.
Wed, Jul 05, 2017
The new Rs 200 note has a bluish tinge and has similar form factors as the Rs 2000 note.
Tue, Jul 04, 2017
Prime Minister Narendra Modi on November 8 had announced the ban on old Rs 500 and Rs 1000 notes with immediate effect. PM Modi had said that Rs 500 and Rs 1000 notes will no longer be a "legal tender" from November 9.
Mon, Jul 03, 2017
According to Niti Aayog demonetisation increased by 55% in FY17 subsequent to demonetisation drive. In value terms, growth of digital payment stood at 24.2% in FY17.
India's manufacturing PMI came in at 50.9 in June 2017 compared to May 2017. This is the third straight month of production growth ease in the country due to weak demand.
Wed, Jun 28, 2017
DDA Housing Scheme will be launched by end of June 2017 offering about 13,000 houses this time.
Wed, Jun 21, 2017
The overall housing credit growth in India declined by 16% to Rs 14,400,00 crore in FY17 as compared to Rs 12,400,00 crore in FY16 on account of demonetisation in the second half of the last year, which resulted in decline in number of new project launches with investors deferring their purchase decisions.
Ministry of Finance has asked the district central co-operative banks to deposit old Rs 500 and Rs 1000 notes with RBI in a time period of 30 days.
Tue, Jun 20, 2017
Digital transaction push after the NDA government braved the decision to demonetise higher currency notes did not boost non-cash transactions. Motilal Oswal analysts provide analysis to support the numbers.
Sat, Jun 17, 2017
Goods and Service Tax (GST) regime sited to come into effect in another two weeks will be a game changer for India in many ways, however analysts say that growth trends comparison will become harder to read.
Tue, Jun 13, 2017
RBI has been issuing banknotes in Mahatma Gandhi series from time to time and now it had introduced a new batch of Rs 500 banknotes.
Mon, Jun 12, 2017
Watch this segment to know the full story behind post-demonetisation collection. Mumbai behind Delhi in money collection.
Sat, Jun 10, 2017
Union Finance Minister Arun Jaitley today said the government was aware that demonetisation would cause a cash crunch in India but had envisaged long-term advantages like "great and substantial" movement towards digitisation of the economy.
Fri, Jun 09, 2017
Indian markets faced difficult times due to demonetisation. However, this has been heavily offset by economic reforms taken during the period Dec - till date.
Thu, Jun 08, 2017
The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.
Wed, Jun 07, 2017
Kanungo admitted that there could be shortage in some areas but said RBI is monitoring the situation on a regular basis and has made enough arrangements to replenish cash.
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