High-value Currency Ban

Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.

Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government

The last time it contracted for three consecutive months was from November 2016 following the ban of high-value currency notes, which severely hurt consumption.

Retail investors piled into mutual funds after the government ban on high-value currency bills in 2016 hurt returns from gold and property.

West Bengal Chief Minister Mamata Banerjee on Friday described the notes ban as a "futile exercise" and said the BJP-led central government's move to ban high-value currency notes on this day in 2016 ruined the country's economy.

The sudden move to ban high-value currency notes in 2016 was not a "jhatka" (shock) as people with black money were warned a year earlier, Prime Minister Narendra Modi said in an interview to news agency ANI on Tuesday, defending demonetisation.

Mobile wallets have become popular after a ban on high-value currency in late 2016 pushed people to pay digitally.

Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.

Indian Prime Minister Narendra Modi's efforts to weed out black money through a ban on high-value currency notes haven't yielded the desired results.

Rahul Gandhi, at an interaction with members of the Indian community in Malaysia, took a stinging swipe at Prime Minister Narendra Modi's sudden decision to demonetise high-value currency notes in 2016. The Congress president has been a consistent critic of the notes ban decision and the way it was implemented, forcing millions of Indians to stand ...

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.

Congress vice president Rahul Gandhi has severely criticised Prime Minister Narendra Modi's "unilateral" decision to ban high-value currency notes last year, and accused him of jeopardising the economy by "bypassing the Reserve Bank of India". In his column, published in the Financial Times exactly a year since the announcement of demonetisation, M...

If the government is to be believed, the ban on high-value currency led to a significant surge in India's tax base over the past year. To back this claim, the government has released a deluge of data. Including the claim that that there was a 25 per cent increase in tax returns in the April-August 2017 period, compared to the same period last year....

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

The PMI for India's dominant service industry dropped to a near four-year low of 45.9 in July from 53.1. June's reading had been the highest since Prime Minister Narendra Modi banned high-value currency notes in November.

Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.

Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government

The last time it contracted for three consecutive months was from November 2016 following the ban of high-value currency notes, which severely hurt consumption.

Retail investors piled into mutual funds after the government ban on high-value currency bills in 2016 hurt returns from gold and property.

West Bengal Chief Minister Mamata Banerjee on Friday described the notes ban as a "futile exercise" and said the BJP-led central government's move to ban high-value currency notes on this day in 2016 ruined the country's economy.

The sudden move to ban high-value currency notes in 2016 was not a "jhatka" (shock) as people with black money were warned a year earlier, Prime Minister Narendra Modi said in an interview to news agency ANI on Tuesday, defending demonetisation.

Mobile wallets have become popular after a ban on high-value currency in late 2016 pushed people to pay digitally.

Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.

Indian Prime Minister Narendra Modi's efforts to weed out black money through a ban on high-value currency notes haven't yielded the desired results.

Rahul Gandhi, at an interaction with members of the Indian community in Malaysia, took a stinging swipe at Prime Minister Narendra Modi's sudden decision to demonetise high-value currency notes in 2016. The Congress president has been a consistent critic of the notes ban decision and the way it was implemented, forcing millions of Indians to stand ...

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.

Congress vice president Rahul Gandhi has severely criticised Prime Minister Narendra Modi's "unilateral" decision to ban high-value currency notes last year, and accused him of jeopardising the economy by "bypassing the Reserve Bank of India". In his column, published in the Financial Times exactly a year since the announcement of demonetisation, M...

If the government is to be believed, the ban on high-value currency led to a significant surge in India's tax base over the past year. To back this claim, the government has released a deluge of data. Including the claim that that there was a 25 per cent increase in tax returns in the April-August 2017 period, compared to the same period last year....

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

The PMI for India's dominant service industry dropped to a near four-year low of 45.9 in July from 53.1. June's reading had been the highest since Prime Minister Narendra Modi banned high-value currency notes in November.