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.
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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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.
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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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.
Wed, Dec 14, 2016
The Indian Railways, which has a six billion passenger traffic every year, does 58% of its ticketing online, without cash.
After Thursday midnight, Rs 500 notes would no longer be allowed to be used for the list of exemptions the government had announced.
The slow replacement of the abolished bills has sparked a shortage of cash that has hit large parts of the economy.
Retail and wholesale inflation fell 3.63% and 3.15% respectively for the month of November 2016.
Increasing push in cashless transactions by the government has forced businesses and traders to operate in different ways. This has also boosted consumer spends through the digital mode.
Due to postpone in purchases in automobile and realty sector, there has been a slowdown in home loan and car loans.
Consumers are choosing to minimise discretionary spends after PM Modi's demonetisation move and that is what brought down inflation rates in November.
Tue, Dec 13, 2016
Jaitley said, "Future transaction would be substantially digital and once they are substantially digital, they would come in the tax net. Therefore, the future taxation level would be much higher than what is currently being collected."
E-commerce food delivery website announced its partnership with Yes Bank on Tuesday to start a home delivery service for cash.
The states may not be able to appreciably compress their revenue expenditure below the projected level.
Jaitley said, in 2004-14, the high denomination currency increased to 80% from 36% of total currency.
Singh on November 24 termed demonetisation as Monumental mismanagement while speaking in Rajya Sabha.
South Asia's growth is estimated at 7.3% in 2017.
One laddoo per family to ‘thank’ the people for their ‘patience,’ is what the the Delhi Bharatiya Janata Party troops will get cracking on to refresh Indian palates with a sweet taste after the bitter cash crunch swept pockets dry.
Local fruit and vegetable vendors are planning on shutting shop on account of the cash crunch that is prevailing due to the withdrawal of higher denomination currencies.
Unearthing a racket involved in illegal conversion of demonetised notes, the ED has arrested seven alleged middlemen and seized Rs 93 lakh in new currency in Karnataka as part of its money laundering probe.
Mon, Dec 12, 2016
36% of respondents rated the scheme as being poorly implemented against only 25% 3 weeks ago.
Petrol is currently sold at Rs 66.10 per litre in Delhi while a litre of diesel costs Rs 54.57.
Car companies for over the last three years have been hiking the prices in January to push sales in December. Will it work this year?
With people moving towards 'digitalisation', Kothari believes that sales of only coin on e-commerce sites will shoot up.
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