2000-rupee Notes
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80% Indians Are Depositing Rs 2,000 Notes, Not Exchanging Them: Report
About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said.
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Rs 141 Crore Worth New 500-and 2000-Rupee Notes Seized In Raids: Arun Jaitley
The Income Tax department, Enforcement Directorate and other government agencies have seized Rs 141.13 crore worth of new currency notes of Rs 2,000 and Rs 500 while acting in different parts of the country, Lok Sabha was informed today.
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5 Men Trying To Buy Phone Get Caught With Fake Notes Worth 57 Lakh In Kolkata
In what could be the biggest seizure of counterfeit notes since demonetisation, nearly Rs 57 lakhs in 2000-rupee notes were seized by the police in Kolkata today. Five people were arrested near Fancy Market in Khidderpore, where they were trying to buy a mobile phone with the fake notes.
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At Gujarat Sadhvi's Home, 24 Gold Bars, Over A Crore In 2000-Rupee Notes
A woman religious preacher or sadhvi in northern Gujarat has been arrested for an unpaid bill of 5 crores for gold biscuits that she bought in November.
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Bengaluru Government Engineers Had 5.7 Crores In New Notes, Taxmen Investigate How
Bengaluru-based government engineers Jayachandra and TN Chikkarayappa earned not more than Rs 10 lakh a year. Raids by taxmen on Thursday revealed the jaw-dropping extras they had acquired over time - a Lamborghini, Volvo, MV Agusta, Ducati 749, multiple luxury apartments, gold and Rs 5.7 crore in brand new 2000-rupee notes.
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Found In Ahmedabad Car: 500 Brand-New 2,000-Rupee Notes
Three members traveling in a Maruti Swift were stopped by the police in Gujarat. Within the car was 12.4 lakhs in cash, most of it in the new 2,000-rupee notes.
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Back From Bank, His Wallet Is 15-Kg Heavier. Here's How
After standing in the bank queue for four hours, 38-year-old Imtiaz Alam's pockets finally got heavy - quite literally. Out of notes, the bank gave him Rs 20,000 worth currency in 10 rupee coins.
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The Diary Of A Farmer Who Walked 70 Km To End Up With A 2000-Rupee Note
At 7am, Bihari Das is usually at work on the farm he owns in Bundelkhand in Central Uttar Pradesh. This morning, he headed in the opposite direction.
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'Government Is Not Stupid': Economist Bibek Debroy On Notes Ban
For those who say that the new Rs 2,000 note will fail at making it harder to hoard black or undeclared money, economist Bibek Debroy has a short answer: "Don't assume the government is stupid." He also has another health warning: "Do not assume that Indians are stupid. They will figure out ways of circumventing it (the new rules on notes), and wha...
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Anger And Scramble To Stash Cash In Black Money Squeeze: Foreign Media
Banks reopened to long lines and angry customers throughout India on Thursday after the government's surprise move to devalue high-denomination currency in an effort to fight corruption and so-called "black money."
-
Opinion: Modi's "Masterstroke" Has Great Timing, But Inherently Flawed
The PM seems to have mastered the political packaging and timing too, given the recent years of economic hardship. But in the media-driven euphoria, the finer question on whether this will actually help in curbing black money still remains open.
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Blog: Property Prices Will Bottom Out. So Should You Buy Or Sell?
The good news is that once the shakeout happens and black money is drawn out of the system, right-priced homes will be built for those who want to live in them.
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Opinion: Chaos Over Ban On Rs 500, Rs 1,000 Notes To Continue For Months
From young working class people, in the informal sector, to retired and aged folk who keep some cash with them - not huge amounts for bankers and tycoons, just a little, but quite a significant sum for the individuals concerned - have suffered. The government may pretend this will be over in a matter of days. My guess is it will take months and the...
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Opinion: Modi Has Just Bet He Can Change India's Social Behaviour
For Modi, this is not just a political or economic imperative; it is a colossal task of social engineering.
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Opinion: Modi's Big Gamble With Banning Rs 500 And Rs 1,000 Notes
Make no mistake: this is the beginning of Narendra Modi's re-election campaign. No more coasting along, no more promises he can't deliver on. Now he's going to focus on changing the subject from everything he hasn't been able to do since 2014.
-
80% Indians Are Depositing Rs 2,000 Notes, Not Exchanging Them: Report
About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said.
-
Rs 141 Crore Worth New 500-and 2000-Rupee Notes Seized In Raids: Arun Jaitley
The Income Tax department, Enforcement Directorate and other government agencies have seized Rs 141.13 crore worth of new currency notes of Rs 2,000 and Rs 500 while acting in different parts of the country, Lok Sabha was informed today.
-
5 Men Trying To Buy Phone Get Caught With Fake Notes Worth 57 Lakh In Kolkata
In what could be the biggest seizure of counterfeit notes since demonetisation, nearly Rs 57 lakhs in 2000-rupee notes were seized by the police in Kolkata today. Five people were arrested near Fancy Market in Khidderpore, where they were trying to buy a mobile phone with the fake notes.
-
At Gujarat Sadhvi's Home, 24 Gold Bars, Over A Crore In 2000-Rupee Notes
A woman religious preacher or sadhvi in northern Gujarat has been arrested for an unpaid bill of 5 crores for gold biscuits that she bought in November.
-
Bengaluru Government Engineers Had 5.7 Crores In New Notes, Taxmen Investigate How
Bengaluru-based government engineers Jayachandra and TN Chikkarayappa earned not more than Rs 10 lakh a year. Raids by taxmen on Thursday revealed the jaw-dropping extras they had acquired over time - a Lamborghini, Volvo, MV Agusta, Ducati 749, multiple luxury apartments, gold and Rs 5.7 crore in brand new 2000-rupee notes.
-
Found In Ahmedabad Car: 500 Brand-New 2,000-Rupee Notes
Three members traveling in a Maruti Swift were stopped by the police in Gujarat. Within the car was 12.4 lakhs in cash, most of it in the new 2,000-rupee notes.
-
Back From Bank, His Wallet Is 15-Kg Heavier. Here's How
After standing in the bank queue for four hours, 38-year-old Imtiaz Alam's pockets finally got heavy - quite literally. Out of notes, the bank gave him Rs 20,000 worth currency in 10 rupee coins.
-
The Diary Of A Farmer Who Walked 70 Km To End Up With A 2000-Rupee Note
At 7am, Bihari Das is usually at work on the farm he owns in Bundelkhand in Central Uttar Pradesh. This morning, he headed in the opposite direction.
-
'Government Is Not Stupid': Economist Bibek Debroy On Notes Ban
For those who say that the new Rs 2,000 note will fail at making it harder to hoard black or undeclared money, economist Bibek Debroy has a short answer: "Don't assume the government is stupid." He also has another health warning: "Do not assume that Indians are stupid. They will figure out ways of circumventing it (the new rules on notes), and wha...
-
Anger And Scramble To Stash Cash In Black Money Squeeze: Foreign Media
Banks reopened to long lines and angry customers throughout India on Thursday after the government's surprise move to devalue high-denomination currency in an effort to fight corruption and so-called "black money."
-
Opinion: Modi's "Masterstroke" Has Great Timing, But Inherently Flawed
The PM seems to have mastered the political packaging and timing too, given the recent years of economic hardship. But in the media-driven euphoria, the finer question on whether this will actually help in curbing black money still remains open.
-
Blog: Property Prices Will Bottom Out. So Should You Buy Or Sell?
The good news is that once the shakeout happens and black money is drawn out of the system, right-priced homes will be built for those who want to live in them.
-
Opinion: Chaos Over Ban On Rs 500, Rs 1,000 Notes To Continue For Months
From young working class people, in the informal sector, to retired and aged folk who keep some cash with them - not huge amounts for bankers and tycoons, just a little, but quite a significant sum for the individuals concerned - have suffered. The government may pretend this will be over in a matter of days. My guess is it will take months and the...
-
Opinion: Modi Has Just Bet He Can Change India's Social Behaviour
For Modi, this is not just a political or economic imperative; it is a colossal task of social engineering.
-
Opinion: Modi's Big Gamble With Banning Rs 500 And Rs 1,000 Notes
Make no mistake: this is the beginning of Narendra Modi's re-election campaign. No more coasting along, no more promises he can't deliver on. Now he's going to focus on changing the subject from everything he hasn't been able to do since 2014.
