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Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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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Union Budget 2017: Basic exemption limit on income tax could be increased to Rs 3.5 lakh

Union Budget 2017: Basic exemption limit on income tax could be increased to Rs 3.5 lakh

Wed, Feb 01, 2017

Besides the increase in the tax slabs there is also expected to be an increase in the exemptions under 80C.

Union Budget 2017: Expect reduction in corporate, personal tax levels

Union Budget 2017: Expect reduction in corporate, personal tax levels

Wed, Feb 01, 2017

There could also be a hike in the service tax rates to get get it in alignment with the GST rates.

130 million smartphones to be shipped in India in 2017, says CyberMedia Research

130 million smartphones to be shipped in India in 2017, says CyberMedia Research

Wed, Feb 01, 2017

India's smartphone market is expected to witness a growth of 15% to 130 million units this year, accounting for almost half of the total mobile phone sales in the country, a report by CyberMedia Research (CMR) said on Tuesday.

Economic Survey 2017: Demonetisation has put country's growth at stake

Economic Survey 2017: Demonetisation has put country's growth at stake

Tue, Jan 31, 2017

Economic Survey 2017 was presented in Parliament by Finance Minister Arun Jaitley ahead of Union Budget.

Economic Survey: Govt once again eyes RBI's excess capital

Economic Survey: Govt once again eyes RBI's excess capital

Tue, Jan 31, 2017

The Economic Survey 2016-17 said that excess capital with Reserve Bank of India (RBI) should be remitted to the Government.

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Tue, Jan 31, 2017

India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.

Income Tax Department launches Operation Clean Money to verify demonetisation data with tax payers' filings

Income Tax Department launches Operation Clean Money to verify demonetisation data with tax payers' filings

Tue, Jan 31, 2017

India's Income Tax Department has launched Operation Clean Money on Tuesday to verify deposited demonetised notes with tax payer's IT filings.

Bajaj Auto's net profit declines 5.5%; shares surge on better than expected results

Bajaj Auto's net profit declines 5.5%; shares surge on better than expected results

Tue, Jan 31, 2017

While the company saw a decline in its net revenues for the year, these were however higher than the market expectations. Demonetisation had an impact on its results.

Complete remonetisation in a month or two, says Arvind Subramanian

Complete remonetisation in a month or two, says Arvind Subramanian

Tue, Jan 31, 2017

The Economic Survey presented by Finance Minister, Arun Jaitley, in the Parliament on Tuesday said that India has shown ‘robust macroeconomic stability’ in the year gone by despite demonetisation and the GST bill.

Economic Survey: GST will create common Indian market, improve tax compliance, boost investment, says Govt

Economic Survey: GST will create common Indian market, improve tax compliance, boost investment, says Govt

Tue, Jan 31, 2017

The Economic Survey was presented in the House of Parliament on Tuesday spoke of a ‘robust macro-economic stability’ despite the Goods and Service Tax (GST) bill being passed and demonetisation of higher currency.

Here are key highlights of Economic Survey 2016-17

Here are key highlights of Economic Survey 2016-17

Tue, Jan 31, 2017

India's Economic Survey 2016-17 has projected the country's economy to recover back to normal to six-and three-fourth percent to seven-and-half percent for 2017-18.

GDP growth for FY18 projected at 6.75-7.5% post demonetisation: Economic Survey 2017

GDP growth for FY18 projected at 6.75-7.5% post demonetisation: Economic Survey 2017

Tue, Jan 31, 2017

The cash squeeze in the meantime will have significant implications for GDP, reducing 2016-17 growth by ¼ to ½ percentage points compared to the baseline of 7%, the Economic Survey said.

'Make in India' campaign comes back as Modi Govt readies for Budget 2017

'Make in India' campaign comes back as Modi Govt readies for Budget 2017

Tue, Jan 31, 2017

PM Modi's foreign visits over the past two years have exclusively focused on marketing India as a perfect destination to set up factories. The government rightly believes that manufacturing has to grow if India has to attain GDPs of 8% and above.

Economic Survey: Has the government spread enough JAM across India?

Economic Survey: Has the government spread enough JAM across India?

Tue, Jan 31, 2017

Jan Dhan, Aadhaar, Mobile have been in focus for a period of two years now and it was one of the central themes of last year’s economic survey.

Demonetisation to impact banks' asset quality: Fitch

Demonetisation to impact banks' asset quality: Fitch

Tue, Jan 31, 2017

Stressed-asset ratio for Indian bank predicted to increase to 12% for the current fiscal earlier, is expected to go up further.

Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh

Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh

Mon, Jan 30, 2017

Former prime minister and Congress leader Manmohan Singh on Monday released a document stating that the Indian economy is not in good shape.

RBI withdraws ATM cash limit from Feb 01

RBI withdraws ATM cash limit from Feb 01

Mon, Jan 30, 2017

While ATM cash withdrawal limit will be ending from February 01, 2017. However bank at their discretion can have their own operating limits as was the case before November 08, 2016, stated RBI.

India's credit growth projected to remain weak in range of 5-6% in FY17: ICRA

India's credit growth projected to remain weak in range of 5-6% in FY17: ICRA

Mon, Jan 30, 2017

ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

Mon, Jan 30, 2017

Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.

HDFC Q3 today; will demonetisation impact loan growth?

HDFC Q3 today; will demonetisation impact loan growth?

Mon, Jan 30, 2017

Analysts at Kotak Institutional Equities said, "We expect moderation in HDFC’s loan growth, 15% growth in AUMs (asset under management) as compared to 17% in 2QFY17. NIM will expand due to lowering of bulk borrowing costs. We do not expect any major rise in NPLs."

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