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Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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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'Countdown' has begun, I-T dept warns blackmoney holders ahead of Mar 31 deadline

'Countdown' has begun, I-T dept warns blackmoney holders ahead of Mar 31 deadline

Fri, Mar 24, 2017

in advertisements issued in leading national dailies, the department said that the "countdown" in this regard has begun and stash holders should declare their black money "or regret later".

India's GDP growth to slow to 6.7% in fourth quarter of FY17: Nomura

India's GDP growth to slow to 6.7% in fourth quarter of FY17: Nomura

Wed, Mar 22, 2017

Nomura has projected India's gross domestic product (GDP) to slow to 6.7% in the January to March quarter of fiscal year 2016-17 (FY17).

Media and Entertainment sector grows Rs 1.26 lakh crore in 2016: Report

Media and Entertainment sector grows Rs 1.26 lakh crore in 2016: Report

Tue, Mar 21, 2017

The India M&E industry maintained a growth rate of 11.6% over the past five years on the back of strong economic fundamentals, coupled with the growth in domestic consumption, says the FICCI-KPMG report.

Can the marriage season bring back bike sales for Hero MotoCorp?

Can the marriage season bring back bike sales for Hero MotoCorp?

Tue, Mar 21, 2017

The company expects FY18 growth to be in the range of 8-10%, with double-digit growth in 2HFY18.

Note ban opens up new channels of corruption: Economist

Note ban opens up new channels of corruption: Economist

Sun, Mar 19, 2017

Kurz pointed out that whoever was informed about the demonetisation policy ahead of its introduction (sort of insider trading) could have used the information and laundered money.

Mukesh Ambani lauds PM Modi's demonetisation, digital drives

Mukesh Ambani lauds PM Modi's demonetisation, digital drives

Sat, Mar 18, 2017

India underwent demonetisation drive from Nov 8 to Dec 30 of high-valued Rs 500 and Rs 1,000 notes to cleanse the country of black money.

Chartered accountants, advocates helped in laundering illicit cash worth Rs 3,790 crore, says Corporate Affairs Minister Arjun Ram Meghwal

Chartered accountants, advocates helped in laundering illicit cash worth Rs 3,790 crore, says Corporate Affairs Minister Arjun Ram Meghwal

Fri, Mar 17, 2017

Corporate Affairs Minister Arjun Ram Meghwal told Parliament on Friday that Serious Fraud Investigation Office (SFIO) has found that chartered accountants and advocates helped 559 people launder Rs 3,790 crore in cash.

Demonetisation Impact: Finova Capital targets to disburse loan worth Rs 100 crore to MSMEs in 2017; plans to recruit 500 people in 2 years

Demonetisation Impact: Finova Capital targets to disburse loan worth Rs 100 crore to MSMEs in 2017; plans to recruit 500 people in 2 years

Thu, Mar 16, 2017

Demonetisation has worked as a blessing in disguise for us as we collect 100% repayment through Automated Clearing House (ACH) mode and not through cash, Finova Capital managing director and chief executive officer, Mohit Sahney told Zeebiz.com.

Demonetisation had positive impact on sectors like metals, capital goods

Demonetisation had positive impact on sectors like metals, capital goods

Thu, Mar 16, 2017

Four months since demonetisation and its impact has started to fade out. However, everything isn't gloom and doom as analysis show that there were a few sectors that gained from Prime Minister Narendra Modi's bold attempt to tackle black money and push India towards a less-cash economy.

Mobile internet usage up 29% over previous quarter: Report

Mobile internet usage up 29% over previous quarter: Report

Thu, Mar 16, 2017

Driven by low-priced data offers, mobile internet usage was up by 29 per cent in the period October-December 2016, over the previous quarter, a joint report by market research firm Kantar IMRB and Mobile Marketing Association (MMA) said on Thursday.

Honda Cars India launches crossover WR-V starting at Rs 7.75 lakh

Honda Cars India launches crossover WR-V starting at Rs 7.75 lakh

Thu, Mar 16, 2017

Highlights: 1. The new Honda WR-V car is based on the Jazz platform and it comes with both petrol and diesel variants

Nifty crossing 9,100 was a 'one-time' show; US Fed rate hike a true test

Nifty crossing 9,100 was a 'one-time' show; US Fed rate hike a true test

Wed, Mar 15, 2017

Analysts estimated that markets will take their own sweet time to recover post demonetisation.

Hatchbacks are slowly falling out of favour with Indians

Hatchbacks are slowly falling out of favour with Indians

Tue, Mar 14, 2017

Hatchbacks see a decline in sales from November onwards post demonetisation.

Consumer Price Inflation rises first time in seven months, at 3.65% in February

Consumer Price Inflation rises first time in seven months, at 3.65% in February

Tue, Mar 14, 2017

Consumer Price Index (CPI) inflation or retail inflation for the month of February stood at 3.65%, Ministry of Statistics and Programme Implementation (MOSPI) said on Tuesday.

Analysts had expected Rupee to cross 70; it is now among best performers in Asia

Analysts had expected Rupee to cross 70; it is now among best performers in Asia

Tue, Mar 14, 2017

Around this time last year analysts and currency experts were betting for Indian Rupee to be one of the worst performers globally. They expected Rupee to cross Rs 70 to a dollar by December 2016.

Wholesale inflation set to rise for February?

Wholesale inflation set to rise for February?

Tue, Mar 14, 2017

In January, the WPI inflation rose to a 30-month high of 5.2%.

All cash withdrawal limits go back to pre-demonetisation era

All cash withdrawal limits go back to pre-demonetisation era

Mon, Mar 13, 2017

In a two-stage process, the weekly withdrawal limit per account had been raised to Rs 50,000, from Rs 24,000, with effect from February 20, and all limits on ATM withdrawals were slated to cease from March 13.

Two-wheeler sales to close FY17 with 7-8% growth: Report

Two-wheeler sales to close FY17 with 7-8% growth: Report

Mon, Mar 13, 2017

The note ban-induced liquidity crisis has resulted in sales falling 11.3% between November and January. The conversion to BS-IV emission norms, which is coming into effect from April, also resulted in some inventory correction taking place across OEMs from February.

Gold imports fall sharply post-demonetisation

Gold imports fall sharply post-demonetisation

Sun, Mar 12, 2017

India is one of the largest gold importers in the world, and the imports mainly take care of demand from the jewellery industry.

'Biscuit industry yet to recover from note ban impact'

'Biscuit industry yet to recover from note ban impact'

Sun, Mar 12, 2017

The inclusion of low-priced glucose, milk and marie biscuits in GST will lead to shutting down of about 240 biscuit factories, warn manufacturers.

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