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Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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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India's December manufacturing PMI drops for the first time in one year as demonetisation bites

India's December manufacturing PMI drops for the first time in one year as demonetisation bites

Mon, Jan 02, 2017

India's manufacturing PMI (purchase manager's index) fell in December 2016 as demonetisation took its toll on the economy.

Equity indices open in green; SBI shares down 1%

Equity indices open in green; SBI shares down 1%

Mon, Jan 02, 2017

Sector-wise, banking sector was 68.74, or 0.33% down.

Can't give info if Arun Jaitley, Arvind Subramaniam consulted before demonetisation: RBI

Can't give info if Arun Jaitley, Arvind Subramaniam consulted before demonetisation: RBI

Sun, Jan 01, 2017

Whether views of the Chief Economic Advisor and the Finance Minister were taken before the sudden announcement of demonetisation of high-value currency notes by Prime Minister Narendra Modi on November 8, the Reserve Bank of India (RBI) feels this query cannot be answered under the Right to Infor

Demonetisation: Tata Steel hopes to get back normalcy soon

Demonetisation: Tata Steel hopes to get back normalcy soon

Sun, Jan 01, 2017

Private steel major Tata Steel on Sunday expressed confidence that the situation would be back to normal in the next quarter after the company's performance was impacted temporarily in November last owing to demonetisation.

Domestic, global macro data hold key for stocks this week

Domestic, global macro data hold key for stocks this week

Sun, Jan 01, 2017

Stock market trends this week will largely depend on domestic as well as global macro economic data prints, while expectation of tax sops in budget and weakness of dollar may add to the positive sentiment for the year ahead, experts say.

Jan Dhan account deposits double to Rs 87,000 crore in 45 days post demonetisation

Jan Dhan account deposits double to Rs 87,000 crore in 45 days post demonetisation

Sun, Jan 01, 2017

Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.

5 key highlights of PM Narendra Modi's new schemes, incentives announced on New Year's Eve

5 key highlights of PM Narendra Modi's new schemes, incentives announced on New Year's Eve

Sun, Jan 01, 2017

Prime Minister Narendra Modi after completion of 50-day demonetisation window announced a series of incentives to senior citizens, farmers, women, and small businesses during his New Year's Eve address to the nation on Saturday.

Here's full text of PM Narendra Modi's New Year's address to nation

Here's full text of PM Narendra Modi's New Year's address to nation

Sun, Jan 01, 2017

Prime Minister Narendra Modi in his televised speech on Saturday announced a series of incentives to the poor, farmers, women and small businesses in a New Year`s address, and defended his recent decision to abolish high denomination bank notes, according to Reuters report.

PM Narendra Modi defends cash ban, announces incentives during New Year's address to nation

PM Narendra Modi defends cash ban, announces incentives during New Year's address to nation

Sun, Jan 01, 2017

Prime Minister Narendra Modi announced a series of incentives to the poor, farmers, women and small businesses on Saturday in a New Year`s address, and defended his recent decision to abolish high denomination bank notes.

PM Modi warns of tough action against dishonest, announces sops

PM Modi warns of tough action against dishonest, announces sops

Sat, Dec 31, 2016

Prime Minister Narendra Modi today set out a stern warning of tough action against the "dishonest" people even as he announced a slew of sops for senior citizens, farmers, rural housing, women and small entrepreneurs to soften the blow of demonetisation.

December 31: PM Modi addresses the nation on demonetisation's success

Sat, Dec 31, 2016

Prime Minister Narendra Modi will be addressing the nation at 7:30 pm on December 31, 2016.

5 key things to look forward in real estate in 2017

5 key things to look forward in real estate in 2017

Sat, Dec 31, 2016

With sky-rocketing property prices and high home loan interest rates, first time home buyers faced hardships in buying homes in top metros of India in 2016 resulting in slowdown in demand and rise in unsold inventories but the new year is expected to bring some cheer for property buyers, say expe

The ups and downs of stock markets in 2016

The ups and downs of stock markets in 2016

Sat, Dec 31, 2016

The equity markets witnessed more volatility this year on the back of various events both in domestic and international, which led the investor dance on its tunes.

2016 had a few roadblocks for car sales in India

2016 had a few roadblocks for car sales in India

Sat, Dec 31, 2016

2016 has been a bumpy road for automobile companies in India. While the year started at a low, it shifted gears in the months of July, August and September. These hopes, however, were dashed at the end of the year by the impact of demonetisation.

Demonetisation: RBI enhances ATM withdrawal limit to Rs 4,500 per day from January 1

Demonetisation: RBI enhances ATM withdrawal limit to Rs 4,500 per day from January 1

Sat, Dec 31, 2016

The Reserve Bank of India (RBI) on Friday has increased the daily cash withdrawal limit to Rs 4,500 per day from the earlier cap of Rs 2,500 per day starting from January 1 next year. However, the weekly cash withdrawal limit of Rs 24,000 per week remains unchanged.

Only 30% of ATMs are functional as banks opt to distribute cash

Only 30% of ATMs are functional as banks opt to distribute cash

Sat, Dec 31, 2016

More than two-thirds of ATMs continued to run dry across the country till Friday as banks chose to distribute cash to customers through branches rather than refill machines that could be accessed by all debit card holders,

Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30

Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30

Sat, Dec 31, 2016

Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.

RBI extends deadline of Rs 20,000 transaction limit on e-wallet, prepaid card

RBI extends deadline of Rs 20,000 transaction limit on e-wallet, prepaid card

Fri, Dec 30, 2016

The transaction limit has been maintained at Rs 20,000 until a further announcement from the RBI.

From GST to Demonetisation: Six major events that rocked Indian economy in 2016

From GST to Demonetisation: Six major events that rocked Indian economy in 2016

Fri, Dec 30, 2016

The year of 2016 has been an eventful one for the Indian economy. While the parliament passed the GST Bill which is expected to boost growth, the demonetisation drive by Prime Minister Narendra Modi is expected to contract economy in the near-term.

No New Year's Eve party this year amid cash crunch

No New Year's Eve party this year amid cash crunch

Fri, Dec 30, 2016

The star-rated hotels in metros have registered a decline of about 5-7%.

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