500 Rupee Demonetisation
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Notes Ban Is "One Man Made Disaster For India," Says MK Stalin
DMK President MK Stalin and PMK Founder S Ramadoss on Thursday criticised the centre for banning Rs 500 and Rs 1,000 rupee notes in 2016.
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99.3% Of Rs Old Rs 500, Rs 1,000 Notes Returned To Banks After Demonetisation, Says RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned, said RBI.
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Cash Crunch: Government To Raise Printing Of 500 Rupees Notes
In the next couple of days, the government will have a supply of about Rs 2,500 crore worth of Rs 500 notes per day, said economic affairs secretary Subhash Chandra Garg
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99% Of Banned 1000, 500 Rupee Notes Returned, Says RBI
Prime Minister Narendra Modi last year in a surprise move banned Rs 500 and Rs 1,000 notes to counter black money, with the high denomination notes losing their legal tender status from midnight of November 8.
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It's Official. Bright Yellow Rs. 200 Notes From Today: 10 Features
New Rs 200 notes will be launched today, the Reserve Bank of India (RBI) announced today in a press release days after introducing new fluorescent blue Rs 50 banknotes. This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders. The gov...
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On Count of Banned Notes, Congress jibe: 'Child Delivered In 9 Months'
Opposition in the Rajya Sabha today sought to know why the Reserve Bank of India has not yet provided the number of demonetised 500 and 1000 rupee notes returned in the banking system, even after nine months of the note ban decision.
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Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
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GDP Numbers Not Politically Influenced, Says Arvind Subramanian
Many analysts were surprised that a slowdown in growth during the December quarter was not as bad as they had expected following the decision to outlaw 500 and 1,000 rupee banknotes.
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Revealed: The Cost Of Printing New 500, 2,000 Rupee Notes
The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.
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RBI Removes All Withdrawal Limits From Savings Bank Accounts, ATMs
In February, the weekly withdrawal limit per account was raised to Rs 50,000 from Rs 24,000.
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Notes In Circulation Drop To Rs 11.73 Lakh Crore, Post Demonetisation
Post demonetisation, the government has come up with new 500 and 2,000 rupee notes with added security features.
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Strong GDP Data Leaves Economists Scratching Their Heads
Government's decision last November to outlaw old 500 rupee and 1,000 rupee banknotes was widely expected to exact a heavy toll on an economy where most people are paid in cash and buy what they need with cash.
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Notes Ban Impact On Loan, Deposit Growth Significant: Moody's
The cancellation of legal tender of 500 and 1,000 rupee notes has led to a slowdown in economic activity that weighed on demand for credit among companies and retail borrowers during the October-December quarter, it said.
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1,000 Rupee Note Not Coming, Don't Overdraw From ATMs, Urges Shaktikanta Das
From February 20, the limits from cash withdrawal from savings bank accounts were increased to Rs 50,000 per week. And effective March 13, 2017, there will be no limits on cash withdrawal from savings bank accounts.
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No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
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Notes Ban Is "One Man Made Disaster For India," Says MK Stalin
DMK President MK Stalin and PMK Founder S Ramadoss on Thursday criticised the centre for banning Rs 500 and Rs 1,000 rupee notes in 2016.
-
99.3% Of Rs Old Rs 500, Rs 1,000 Notes Returned To Banks After Demonetisation, Says RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned, said RBI.
-
Cash Crunch: Government To Raise Printing Of 500 Rupees Notes
In the next couple of days, the government will have a supply of about Rs 2,500 crore worth of Rs 500 notes per day, said economic affairs secretary Subhash Chandra Garg
-
99% Of Banned 1000, 500 Rupee Notes Returned, Says RBI
Prime Minister Narendra Modi last year in a surprise move banned Rs 500 and Rs 1,000 notes to counter black money, with the high denomination notes losing their legal tender status from midnight of November 8.
-
It's Official. Bright Yellow Rs. 200 Notes From Today: 10 Features
New Rs 200 notes will be launched today, the Reserve Bank of India (RBI) announced today in a press release days after introducing new fluorescent blue Rs 50 banknotes. This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders. The gov...
-
On Count of Banned Notes, Congress jibe: 'Child Delivered In 9 Months'
Opposition in the Rajya Sabha today sought to know why the Reserve Bank of India has not yet provided the number of demonetised 500 and 1000 rupee notes returned in the banking system, even after nine months of the note ban decision.
-
Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
-
GDP Numbers Not Politically Influenced, Says Arvind Subramanian
Many analysts were surprised that a slowdown in growth during the December quarter was not as bad as they had expected following the decision to outlaw 500 and 1,000 rupee banknotes.
-
Revealed: The Cost Of Printing New 500, 2,000 Rupee Notes
The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.
-
RBI Removes All Withdrawal Limits From Savings Bank Accounts, ATMs
In February, the weekly withdrawal limit per account was raised to Rs 50,000 from Rs 24,000.
-
Notes In Circulation Drop To Rs 11.73 Lakh Crore, Post Demonetisation
Post demonetisation, the government has come up with new 500 and 2,000 rupee notes with added security features.
-
Strong GDP Data Leaves Economists Scratching Their Heads
Government's decision last November to outlaw old 500 rupee and 1,000 rupee banknotes was widely expected to exact a heavy toll on an economy where most people are paid in cash and buy what they need with cash.
-
Notes Ban Impact On Loan, Deposit Growth Significant: Moody's
The cancellation of legal tender of 500 and 1,000 rupee notes has led to a slowdown in economic activity that weighed on demand for credit among companies and retail borrowers during the October-December quarter, it said.
-
1,000 Rupee Note Not Coming, Don't Overdraw From ATMs, Urges Shaktikanta Das
From February 20, the limits from cash withdrawal from savings bank accounts were increased to Rs 50,000 per week. And effective March 13, 2017, there will be no limits on cash withdrawal from savings bank accounts.
-
No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
