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Demonetisation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

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.

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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.

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From farm loan waivers to your EMIs, 10 things RBI said

From farm loan waivers to your EMIs, 10 things RBI said

Wed, Jun 07, 2017

RBI during its monetary policy meet on Wednesday touched upon several aspects right from inflation to farm loan waivers to 7th Pay Commission, among others. Here are 10 key things RBI said during its meet.

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Tue, Jun 06, 2017

Demand for farm loan waiver has increased in many states. It is expected that all states will write- off about $40 billion (Rs 2.6 lakh crore) of farm loans in the run up to 2019 general elections following the ruling BJP's UP and Maharashtra governments' waivers.

Despite demonetisation, Bengaluru, New Delhi & Mumbai record healthy growth in office rental in Q1: Knight Frank

Despite demonetisation, Bengaluru, New Delhi & Mumbai record healthy growth in office rental in Q1: Knight Frank

Tue, Jun 06, 2017

Highlights: 1. CBD area of Bengaluru registered 4.7% growth in the office rental space in Q1 of 2017 2. Connaught Place area of New Delhi recorded 4.3% growth in office rental in Q1

Spicejet net profit falls over 50% as demonetisation causes yields to drop

Spicejet net profit falls over 50% as demonetisation causes yields to drop

Sat, Jun 03, 2017

Spicejet Ltd reported an over 50% drop in its standalone net profit for the quarter ended March 31, 2017 on June 3, 2017. The company said that its net profit for the given quarter stood at Rs 41.6 crore as against Rs 107.87 crore in the same period of last year.

SpiceJet Q4 review: How will low fares, higher fuel cost and demonetisation impact?

SpiceJet Q4 review: How will low fares, higher fuel cost and demonetisation impact?

Sat, Jun 03, 2017

SpiceJet is set to announce its results for the fourth quarter ended March 31, 2017. Profitability of domestic airlines have suffered the brunt of low fares, high Aviation Turbine Fuel and demonetisation.

India's slower GDP nasty surprise, self-goal: Chinese media

India's slower GDP nasty surprise, self-goal: Chinese media

Fri, Jun 02, 2017

A state-run Chinese daily said today that India has suffered a setback and a "nasty surprise" in the "elephant versus dragon" race as its GDP growth slowed down in the January-April quarter helping China re-emerge as the fastest growing major economy.

What will India's FY18 GDP growth look like?

What will India's FY18 GDP growth look like?

Fri, Jun 02, 2017

Demonetisation may have impacted India's GDP growth for the fourth quarter ended March 31, 2017 but its effects may not be over so soon.

RBI should be looking at a repo rate cut in June policy, says Bhattacharya

RBI should be looking at a repo rate cut in June policy, says Bhattacharya

Fri, Jun 02, 2017

RBI is set to announce its second bi-monthly monetary policy for financial year 2017-18. SBI feels a rate cut from the central bank is a must.

GDP growth rate at 2 year low; RBI's action in next policy will be keenly watched

GDP growth rate at 2 year low; RBI's action in next policy will be keenly watched

Thu, Jun 01, 2017

India's GDP data for Q4FY17 dropped to a two year low. Now the next trigger would be RBI's action on Indian economy during second monetary policy meet.

Q4FY17 GDP at 6.1% but some sectors defied demonetisation impact

Q4FY17 GDP at 6.1% but some sectors defied demonetisation impact

Thu, Jun 01, 2017

India's GDP numbers were at 6.1% in Q4FY17 – indicating a strong demonetisation impact. Difference between nominal and real GVA reflects slowdown was due to higher deflator.

Govt has restored economic credibility of India, Arun Jaitley says

Govt has restored economic credibility of India, Arun Jaitley says

Thu, Jun 01, 2017

Finance Minister Arun Jaitley on Thursday said that the government has restored the economic credibility of India. Jaitley said that demonetisation created a new normal in economic system and that some slowdown was already seen in Indian economy before demonetisation.

MNP for banks if RBI has its way; will you gain from it?

MNP for banks if RBI has its way; will you gain from it?

Thu, Jun 01, 2017

Benefits of bank account portability would mean your account number would remain the same even if you change your bank. Banks, naturally, are not enthused by the idea but RBI is pushing for it.

Demonetisation dips Q-4 GDP growth rate to 6.1%, 7.1% expected for FY 17

Demonetisation dips Q-4 GDP growth rate to 6.1%, 7.1% expected for FY 17

Thu, Jun 01, 2017

Demonetisation dips Q-4 GDP growth rate to 6.1%, 7.1% expected for FY 17. Watch complete news story of News @ 7:00 PM for getting the detailed news updates!

Sensex falls 75 points, Nifty slips below 9,600-mark on weak macroeconomic data

Sensex falls 75 points, Nifty slips below 9,600-mark on weak macroeconomic data

Thu, Jun 01, 2017

The BSE Sensex fell over 75 points to 31,070 and the Nifty slipped below 9,600-mark in early trade on Thursday as participants trimmed their positions, triggered by lower gross domestic product (GDP) numbers and core infrastructure sectors growth.

Rupee gains 8 paise against dollar in early trade

Rupee gains 8 paise against dollar in early trade

Thu, Jun 01, 2017

The rupee gained another 8 paise to 64.43 against the US dollar on Thursday on account of increase in selling of the dollar by exporters and banks.

Debt continues to be key constraint for India, Moody's says

Debt continues to be key constraint for India, Moody's says

Thu, Jun 01, 2017

Moody's said, "India (Baa3 positive) is implementing a number of wide-ranging reforms and measures that, if effective, will broaden the tax base and anchor fiscal consolidation. Under such outcomes, the government's debt burden, a key constraint on India's credit profile, would ease gradually."

India loses fastest growing economy tag after sharp growth slowdown

India loses fastest growing economy tag after sharp growth slowdown

Thu, Jun 01, 2017

Annual economic growth at 6.1 percent in the January-March period was even lower than the lowest analyst estimate of 6.5 percent in a Reuters poll. Overall, the median forecast of 36 analysts was for a year-on-year growth of 7.1 percent.

Five things that will impact India's GDP data today

Five things that will impact India's GDP data today

Wed, May 31, 2017

Ministry of Statistics & Programme Implementation is set to unveil India's GDP (Gross Domestic Product) growth data for the fourth quarter ended on March 31 as well as for full financial year (FY17), today.

Will demonetisation impact India's GDP for the last quarter of FY17?

Will demonetisation impact India's GDP for the last quarter of FY17?

Wed, May 31, 2017

CSO will announce India's fourth quarter GDP on May 31, 2017. GDP numbers for October – December 2016 period stood at 7.1% as against GDP growth of 7.4% in Q2FY17 and 7.2% in Q1FY17.

Norms to protect customer in fraudulent transaction soon, says RBI deputy governor S S Mundra

Norms to protect customer in fraudulent transaction soon, says RBI deputy governor S S Mundra

Tue, May 30, 2017

RBI deputy governor S S Mundra while speaking at an event in Mumbai on Tuesday said that the central bank has received the feedback from the concerned stakeholders and final guidelines on limiting liability of customers in case on fraudulent banking transactions are expected to be issued shortly.

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