Big Currency Ban

The Supreme Court today upheld the demonetisation of Rs 1,000 and Rs 500 currency notes. Justice BV Nagarathna dissented as the four other judges of the five-judge bench ruled in favour of the Centre's 2016 exercise.

The Supreme Court is likely to give its verdict today on petitions challenging the centre's decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore was wiped out of circulation overnight because of the move.

Banned notes worth crores, making up a "bed" of cash when stacked up, were found on Tuesday at a house in Uttar Pradesh's Kanpur. The cash had to be stuffed into five big steel trunks, gunny bags and cartons by officials of the Reserve Bank of India (RBI) and the UP police.

The cryptocurrency's price has been sliding consistently since past five days when it opened at $17,527.

Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.

The cash crisis has returned to haunt Kerala, threatening to disrupt withdrawal of salary and pensions by government employees across the state. The Kerala government on Tuesday declared that the state treasury had the money but not the currency notes that people needed. If the central bank does not step in, Finance Minister TM Thomas Isaac warned,...

Big deposits of Rs 500 and Rs 1000 notes in the days after Prime Minister Narendra Modi's currency ban are coming under the scanner with the use of a new government software. Swacch Dhan is inspired by Swaach Bharat -- if one was about Clean India, the other is about Clean Money, a reflection of the government's anti-corruption drive. The November ...

Finance Minister cited robust tax figures to counter naysayers who said that the economy took a big hit after the notes ban. The collection in central excise duty - which related to manufacturing - surged over 31 per cent in December 2016 alone, as compared to the December 2015 figures, he said.

The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...

Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...

This potential of windfall earnings from treasury gains comes at a time when banks are facing significant challenges, from bad assets to weak credit growth to capital requirement for new regulatory norms.

Gurudwaras offering Langar see sharp increase in visitors after the cash crunch.

In an angry Facebook post today, West Bengal Chief Minister Mamata Banerjee said "Demonetisation is a visionless policy," for which crores of workers are suffering, both in the unorganised sector and in big industries.

There have been over 200 searches across the country for black money since the notes ban and crores have been found in new 2,000-rupee notes that are not so easily available at banks and ATMs yet.

Following the demonetisation disaster, the BJP government has been undertaking a propaganda war on its citizens, determined to prove that demonetisation and the currency shortage are being welcomed across the country. This is a make-believe world, inhabited by BJP politicians and spokespersons, who have no idea of life outside the Lutyens' Delhi sh...

The Supreme Court today upheld the demonetisation of Rs 1,000 and Rs 500 currency notes. Justice BV Nagarathna dissented as the four other judges of the five-judge bench ruled in favour of the Centre's 2016 exercise.

The Supreme Court is likely to give its verdict today on petitions challenging the centre's decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore was wiped out of circulation overnight because of the move.

Banned notes worth crores, making up a "bed" of cash when stacked up, were found on Tuesday at a house in Uttar Pradesh's Kanpur. The cash had to be stuffed into five big steel trunks, gunny bags and cartons by officials of the Reserve Bank of India (RBI) and the UP police.

The cryptocurrency's price has been sliding consistently since past five days when it opened at $17,527.

Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.

The cash crisis has returned to haunt Kerala, threatening to disrupt withdrawal of salary and pensions by government employees across the state. The Kerala government on Tuesday declared that the state treasury had the money but not the currency notes that people needed. If the central bank does not step in, Finance Minister TM Thomas Isaac warned,...

Big deposits of Rs 500 and Rs 1000 notes in the days after Prime Minister Narendra Modi's currency ban are coming under the scanner with the use of a new government software. Swacch Dhan is inspired by Swaach Bharat -- if one was about Clean India, the other is about Clean Money, a reflection of the government's anti-corruption drive. The November ...

Finance Minister cited robust tax figures to counter naysayers who said that the economy took a big hit after the notes ban. The collection in central excise duty - which related to manufacturing - surged over 31 per cent in December 2016 alone, as compared to the December 2015 figures, he said.

The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...

Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...

This potential of windfall earnings from treasury gains comes at a time when banks are facing significant challenges, from bad assets to weak credit growth to capital requirement for new regulatory norms.

Gurudwaras offering Langar see sharp increase in visitors after the cash crunch.

In an angry Facebook post today, West Bengal Chief Minister Mamata Banerjee said "Demonetisation is a visionless policy," for which crores of workers are suffering, both in the unorganised sector and in big industries.

There have been over 200 searches across the country for black money since the notes ban and crores have been found in new 2,000-rupee notes that are not so easily available at banks and ATMs yet.

Following the demonetisation disaster, the BJP government has been undertaking a propaganda war on its citizens, determined to prove that demonetisation and the currency shortage are being welcomed across the country. This is a make-believe world, inhabited by BJP politicians and spokespersons, who have no idea of life outside the Lutyens' Delhi sh...