Currency Ban Effect
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Government Will Explore Blockchain for Digital Economy, Union Minister Says About India's Own Cryptocurrency
The government will explore the use of blockchain technology for digital economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. The latest comments come just days after the government listed a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” that is to provide a framework for creation ...
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Supreme Court Lifts RBI Ban On Trading In Cryptocurrency: 10 Points
The Supreme Court on Wednesday allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currencies such as Bitcoin. The development came as a major relief for the sector, as the RBI ban restricted lenders from facilitating banking transactions for cryptocurrency exchanges and trader...
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Real Effective Depreciation Of 6-7% In Rupee, Says IMF
Rupee Vs US Dollar: Economy is recovering from two transitory disruptions - Goods and Services Tax and notes ban, says IMF spokesperson Gerry Rice.
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'Night We Can Never Forget': Jewellers Recall 8 November, 2016
For jewelers in the world's second-largest gold market, business is yet to recover from the slump that followed India's decision to ban high-value currency notes a year ago.
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India Hasn't Taken Adequate Steps To Ensure Firms Obey Anti-Money Laundering Laws: US Report
The US has commented on Prime Minister Narendra Modi's demonetisation move, saying that while one of the purposes cited by him was to counter terrorist activity funded by counterfeit currency, India has yet to implement laws effectively on criminal convictions or take steps to ensure companies are adhering to anti-money laundering rules.
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Notes Ban No Ground For Banking Ombudsman To Handle Complaints: RBI
During the demonetisation period, people had to face various problems in form of restrictions on withdrawal of currency notes and exchanging of old Rs 500 and Rs 1,000 notes that were withdrawn with immediate effect from midnight of November 8, 2016.
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Overnight Queues At RBI Offices As Note Exchange Deadline Nears
People are leaving nothing to chance and lining up at the RBI office in the national capital from the night itself so that they get to deposit the currency next day.
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Possession Of More Than 10 Junked Notes Will Now Attract Fine
Holding of more than 10 notes of the junked Rs 500 and Rs 1,000 currency is now illegal, with a new law coming into effect after the President's assent.
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Banned Notes: Holders Of Overseas Indian Citizen Cards Express Concern
Many PIOs or persons of Indian Origin and OCIs or Overseas Citizens of India were under the impression that they could exchange their old currency until the end of March. But they were in for a shock when they realised that only NRIs were allowed to do so.
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OK Jaanu's Shraddha Kapoor Says She Feels 'Bad' If Her Films Fail
OK Jaanu's Shraddha Kapoor: "I hope that all films are successful. I hope people go and watch this film," Shraddha said
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This Kerala District Is Leading The Way In Digitally Countering Notes Ban Impact
While the CPM-led government in Kerala has been protesting against the impact of the centre's notes ban move, a district in the state is making huge progress in training locals about digital transactions to counter the cash crunch.
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Minimum 10,000 Fine For Possession Of More Than 10 Banned Notes: 10 Updates
An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...
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3 Arrested For Cheating Man Of 16 Lakh In Banned Notes In Delhi
Three people have been arrested for duping a Kolkata-based businessman of Rs 16 lakh on the pretext of getting his demonetised currency exchanged from a private bank in Delhi.
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After Notes Ban, New Law Against 'Benami' Properties Soon, Says PM Narendra Modi
In his last 'Mann Ki Baat' address this year, Prime Minister Narendra Modi said his government will soon bring in a strong law to effectively deal with 'benami' or proxy-owned properties. "This is just the beginning of our fight," he said, asserting that there is no going back on the fight against corruption and black money after the notes ban.
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Amid Cash Crunch, Langars At Delhi Gurudwaras Witness Big Jump In Visitors
Gurudwaras offering Langar see sharp increase in visitors after the cash crunch.
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Government Will Explore Blockchain for Digital Economy, Union Minister Says About India's Own Cryptocurrency
The government will explore the use of blockchain technology for digital economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. The latest comments come just days after the government listed a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” that is to provide a framework for creation ...
-
Supreme Court Lifts RBI Ban On Trading In Cryptocurrency: 10 Points
The Supreme Court on Wednesday allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currencies such as Bitcoin. The development came as a major relief for the sector, as the RBI ban restricted lenders from facilitating banking transactions for cryptocurrency exchanges and trader...
-
Real Effective Depreciation Of 6-7% In Rupee, Says IMF
Rupee Vs US Dollar: Economy is recovering from two transitory disruptions - Goods and Services Tax and notes ban, says IMF spokesperson Gerry Rice.
-
'Night We Can Never Forget': Jewellers Recall 8 November, 2016
For jewelers in the world's second-largest gold market, business is yet to recover from the slump that followed India's decision to ban high-value currency notes a year ago.
-
India Hasn't Taken Adequate Steps To Ensure Firms Obey Anti-Money Laundering Laws: US Report
The US has commented on Prime Minister Narendra Modi's demonetisation move, saying that while one of the purposes cited by him was to counter terrorist activity funded by counterfeit currency, India has yet to implement laws effectively on criminal convictions or take steps to ensure companies are adhering to anti-money laundering rules.
-
Notes Ban No Ground For Banking Ombudsman To Handle Complaints: RBI
During the demonetisation period, people had to face various problems in form of restrictions on withdrawal of currency notes and exchanging of old Rs 500 and Rs 1,000 notes that were withdrawn with immediate effect from midnight of November 8, 2016.
-
Overnight Queues At RBI Offices As Note Exchange Deadline Nears
People are leaving nothing to chance and lining up at the RBI office in the national capital from the night itself so that they get to deposit the currency next day.
-
Possession Of More Than 10 Junked Notes Will Now Attract Fine
Holding of more than 10 notes of the junked Rs 500 and Rs 1,000 currency is now illegal, with a new law coming into effect after the President's assent.
-
Banned Notes: Holders Of Overseas Indian Citizen Cards Express Concern
Many PIOs or persons of Indian Origin and OCIs or Overseas Citizens of India were under the impression that they could exchange their old currency until the end of March. But they were in for a shock when they realised that only NRIs were allowed to do so.
-
OK Jaanu's Shraddha Kapoor Says She Feels 'Bad' If Her Films Fail
OK Jaanu's Shraddha Kapoor: "I hope that all films are successful. I hope people go and watch this film," Shraddha said
-
This Kerala District Is Leading The Way In Digitally Countering Notes Ban Impact
While the CPM-led government in Kerala has been protesting against the impact of the centre's notes ban move, a district in the state is making huge progress in training locals about digital transactions to counter the cash crunch.
-
Minimum 10,000 Fine For Possession Of More Than 10 Banned Notes: 10 Updates
An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...
-
3 Arrested For Cheating Man Of 16 Lakh In Banned Notes In Delhi
Three people have been arrested for duping a Kolkata-based businessman of Rs 16 lakh on the pretext of getting his demonetised currency exchanged from a private bank in Delhi.
-
After Notes Ban, New Law Against 'Benami' Properties Soon, Says PM Narendra Modi
In his last 'Mann Ki Baat' address this year, Prime Minister Narendra Modi said his government will soon bring in a strong law to effectively deal with 'benami' or proxy-owned properties. "This is just the beginning of our fight," he said, asserting that there is no going back on the fight against corruption and black money after the notes ban.
-
Amid Cash Crunch, Langars At Delhi Gurudwaras Witness Big Jump In Visitors
Gurudwaras offering Langar see sharp increase in visitors after the cash crunch.
