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Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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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M-wallet retail spends may see 4-fold jump in near term: Study

M-wallet retail spends may see 4-fold jump in near term: Study

Tue, Dec 27, 2016

the mobile payment transaction volume in India is likely to grow at a CAGR of over 130%.

24 lakh people have income above Rs 10 lakh but 25 lakh cars bought every year

24 lakh people have income above Rs 10 lakh but 25 lakh cars bought every year

Tue, Dec 27, 2016

The tax returns when compared with car sales throw astonishing numbers.

Luxury cars sales likely to drop as IT dept asks dealers for sales numbers since demonetisation

Luxury cars sales likely to drop as IT dept asks dealers for sales numbers since demonetisation

Tue, Dec 27, 2016

The IT department has send notices to car dealers asking them for information on the sales of luxury cars from November 8 onwards.

How Paytm's quick marketing reflexes reaped demonetisation rewards

How Paytm's quick marketing reflexes reaped demonetisation rewards

Tue, Dec 27, 2016

Just moments after PM Modi's demonetisation announcement Paytm jumped into action to come up with a marketing strategy that put them way ahead of other digital wallets.

You won't be able to hold old Rs 500, Rs 1000 notes as souvenirs if Modi Govt has its way

You won't be able to hold old Rs 500, Rs 1000 notes as souvenirs if Modi Govt has its way

Tue, Dec 27, 2016

Modi Government is planning to prepare an ordinance to impose penalties on anyone possessing old notes beyond December 30, 2016, PTI reported on Tuesday.

Modi, Jaitley to hold pre-budget meeting with NITI Aayog, economists today

Modi, Jaitley to hold pre-budget meeting with NITI Aayog, economists today

Tue, Dec 27, 2016

Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet NITI Aayog officials, economists and experts on Tuesday to get their views on the upcoming Budget 2017-18.

Problems caused by demonetisation are easing: Chandrababu Naidu

Problems caused by demonetisation are easing: Chandrababu Naidu

Mon, Dec 26, 2016

The 13-member committee is expected to meet on December 28 again.

Govt gives additional grace period of 60 days to farmers to pay crop loan

Govt gives additional grace period of 60 days to farmers to pay crop loan

Mon, Dec 26, 2016

This benefit does not accrue to those farmers who repay after one year of availing such loans.

After demonetisation, PM Modi vows to tackle "Benami" property

After demonetisation, PM Modi vows to tackle "Benami" property

Mon, Dec 26, 2016

The word "benami" means “without name”or “no name”.

Money has lost its 'anonymity' after demonetisation, says FM Arun Jaitley

Money has lost its 'anonymity' after demonetisation, says FM Arun Jaitley

Mon, Dec 26, 2016

Describing the currency being deposited in banks following last month`s demonetisation of high-value notes as money that has lost its earlier "anonymity", Finance Minister Arun Jaitley on Sunday said these funds now available with the banks have strengthened the Indian banking system.

RBI refuses to disclose deliberations of its Board on demonetisation

RBI refuses to disclose deliberations of its Board on demonetisation

Sun, Dec 25, 2016

The Reserve Bank of India (RBI) has refused to allow access to minutes of meetings held to decide on the issue of demonetisation of Rs 1,000 and Rs 500 notes announced by Prime Minister Narendra Modi on November 8.

CPI inflation may average 5.3% in 2017; rate cut likely: Nomura

CPI inflation may average 5.3% in 2017; rate cut likely: Nomura

Sun, Dec 25, 2016

India's CPI inflation is likely to average around 5.3% in 2017, up from 5.1% in 2016, but the Reserve Bank of India (RBI) might still cut repo rate by 25 basis points in the first quarter (Q1) of next year, says a Nomura report.

Demonetisation: Restrictions on cash withdrawals may continue beyond December 30

Demonetisation: Restrictions on cash withdrawals may continue beyond December 30

Sun, Dec 25, 2016

Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and Reserve Bank of India (RBI) have not been able to keep pace with the demand of new currency notes.

Biscuit sales down post demonetisation, says Parle Products

Biscuit sales down post demonetisation, says Parle Products

Sun, Dec 25, 2016

The demonetisation drive has eaten into the growth momentum of the biscuits sector, which has seen sales fall by up to 1.5 percentage points, according to market leader Parle Products.

Maruti Suzuki's bookings rise 7% in December despite demonetisation; here's how

Maruti Suzuki's bookings rise 7% in December despite demonetisation; here's how

Sun, Dec 25, 2016

Maruti Suzuki on Friday announced that it has bounced back from the impact of demonetisation in December by posting a growth in bookings of 7% till date. This after bookings had declined by 20% in November post demonetisation.

Mann Ki Baat: Here are key things PM Narendra Modi said in last radio speech of 2016

Mann Ki Baat: Here are key things PM Narendra Modi said in last radio speech of 2016

Sun, Dec 25, 2016

Prime Minister Narendra Modi during his last radio speech of this year in the 'Mann Ki Baat' programme on Sunday thanked people for enduring the "pain" caused by the government`s November 8 demonetisation decision that caused cash crunch in the country, IANS reported.

10 director level posts vacant in Reserve Bank of India

10 director level posts vacant in Reserve Bank of India

Sun, Dec 25, 2016

Reserve Bank of India's (RBI) all powerful central board is short of ten non-official directors and one Deputy Governor at a time when the apex bank is engaged in massive demonetisation and remonetisation exercises.

Resolution to dual control issue not far off, says FM Arun Jaitley

Resolution to dual control issue not far off, says FM Arun Jaitley

Sun, Dec 25, 2016

Union Finance Minsiter Arun Jaitley on Saturday said that the Goods and Services Tax (GST) Council has made "significant progress" on the provisions relating to the indirect tax regime and resolution of the "one difficult issue" of dual control or cross empowerment that deals with assessee jurisd

I saved the country, says PM Narendra Modi on demonetisation

I saved the country, says PM Narendra Modi on demonetisation

Sun, Dec 25, 2016

Prime Minister Narendra Modi on Saturday said that if the evils of corruption and black money had been tackled by the previous governments, he would not have been forced to take a tough decision like demonetisation.

Demonetisation: Dishonest to face ruin after December 30, warns PM Narendra Modi

Demonetisation: Dishonest to face ruin after December 30, warns PM Narendra Modi

Sun, Dec 25, 2016

Prime Minister Narendra Modi on Saturday warned of ruin for the dishonest after the expiry of December 30 deadline for depositing scrapped currency and said they should not underestimate the mood of the country against corruption.

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