Demonitisation Rbi
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Demonetisation Achieved Its Objectives Quite Substantially: Government
The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives "quite substantially", even as the RBI report outlined that 99.3 per cent of junked notes came back to banks.
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P Chidambaram Slams Centre Over RBI Report On Demonetisation
Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.
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A Year Since Note Ban, RBI Says Still Verifying Returned Notes
The returned Rs 500 and Rs 1,000 bills are being "processed in all earnest," the apex bank said.
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'Dialogue Shouldn't Be Governed By Idiocracy': Raghuram Rajan On Trolls
Former RBI Governor Raghuram Rajan had recently stated that he was never in favour of demonetisation and had warned the government about the repercussions.
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Never In Favour Of Demonetisation, Warned Of Damage: Raghuram Rajan In Book
"At no point during my term was the RBI asked to make a decision on demonetisation," the former RBI governor said.
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Large Deposits After Notes Ban Ends Anonymity Of Cash, Says Arun Jaitley
The RBI in its annual report yesterday said banks received Rs 15.28 lakh crore, or 99 per cent of the currency invalidated.
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'Shame On RBI': P Chidambaram On Figures Post Notes Ban
Former finance minister P Chidambaram today used the Reserve Bank of India figures to lash out at it, saying one per cent of the demonetised notes not coming back to the central bank was a "shame on RBI".
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RBI Will Take Time To Count Scrapped Notes Deposited In Banks: Arun Jaitley
The Reserve Bank had received the last tranche of scrapped currency notes of Rs 500 and Rs 1,000 in July.
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'Government Looking For Math Tutor': Rahul Gandhi Takes Swipe At Centre
The Congress took a swipe at the government for the central bank still counting currency notes banned last year, with Rahul Gandhi suggesting that the government needed lessons in mathematics. Former Finance Minister P Chidambaram too wondered why the bank wanted to buy more currency counting machines when it could lease them.
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Consider More Time For Changing Old Notes, Says Supreme Court
The Supreme Court asked the Central government and the RBI to consider granting people, with a legitimate reason, more time to to deposit old Rs 500 and 1,000 notes.
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Experts, Bankers Differ On Liability For Loss Of Locker Items
The RTI disclosure by the Reserve Bank of India (RBI) and 19 PSU banks had said that they were not liable for damage to the locker contents by any cause, including fire or natural calamities.
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Stock Of Rs 500, Rs 2000 Notes Was Ready Before Note Ban: RBI Governor Urjit Patel
The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.
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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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No Plans To Introduce 5,000, 10,000 Currency Notes: Government
Economic Affairs Secretary Shaktikanta Das had last month said that the government has no plans to re-introduce 1,000 rupee notes.
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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.
-
Demonetisation Achieved Its Objectives Quite Substantially: Government
The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives "quite substantially", even as the RBI report outlined that 99.3 per cent of junked notes came back to banks.
-
P Chidambaram Slams Centre Over RBI Report On Demonetisation
Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.
-
A Year Since Note Ban, RBI Says Still Verifying Returned Notes
The returned Rs 500 and Rs 1,000 bills are being "processed in all earnest," the apex bank said.
-
'Dialogue Shouldn't Be Governed By Idiocracy': Raghuram Rajan On Trolls
Former RBI Governor Raghuram Rajan had recently stated that he was never in favour of demonetisation and had warned the government about the repercussions.
-
Never In Favour Of Demonetisation, Warned Of Damage: Raghuram Rajan In Book
"At no point during my term was the RBI asked to make a decision on demonetisation," the former RBI governor said.
-
Large Deposits After Notes Ban Ends Anonymity Of Cash, Says Arun Jaitley
The RBI in its annual report yesterday said banks received Rs 15.28 lakh crore, or 99 per cent of the currency invalidated.
-
'Shame On RBI': P Chidambaram On Figures Post Notes Ban
Former finance minister P Chidambaram today used the Reserve Bank of India figures to lash out at it, saying one per cent of the demonetised notes not coming back to the central bank was a "shame on RBI".
-
RBI Will Take Time To Count Scrapped Notes Deposited In Banks: Arun Jaitley
The Reserve Bank had received the last tranche of scrapped currency notes of Rs 500 and Rs 1,000 in July.
-
'Government Looking For Math Tutor': Rahul Gandhi Takes Swipe At Centre
The Congress took a swipe at the government for the central bank still counting currency notes banned last year, with Rahul Gandhi suggesting that the government needed lessons in mathematics. Former Finance Minister P Chidambaram too wondered why the bank wanted to buy more currency counting machines when it could lease them.
-
Consider More Time For Changing Old Notes, Says Supreme Court
The Supreme Court asked the Central government and the RBI to consider granting people, with a legitimate reason, more time to to deposit old Rs 500 and 1,000 notes.
-
Experts, Bankers Differ On Liability For Loss Of Locker Items
The RTI disclosure by the Reserve Bank of India (RBI) and 19 PSU banks had said that they were not liable for damage to the locker contents by any cause, including fire or natural calamities.
-
Stock Of Rs 500, Rs 2000 Notes Was Ready Before Note Ban: RBI Governor Urjit Patel
The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.
-
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.
-
No Plans To Introduce 5,000, 10,000 Currency Notes: Government
Economic Affairs Secretary Shaktikanta Das had last month said that the government has no plans to re-introduce 1,000 rupee notes.
-
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.
