Legality Of Demonetisation
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Your Top 6 Questions On Withdrawal Of Rs 2,000 Notes Answered
The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.
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Are Rs 1,000 Notes Coming Back? RBI Governor's Reply
The Reserve Bank of India (RBI) does not have a plan to reintroduce Rs 1,000 bank notes to ease the impact following the withdrawal of Rs 2,000 notes, RBI governor Shaktikanta Das said today, calling reports on the subject "speculative".
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"Demonetisation Deeply Flawed, Outrageous": P Chidambaram To Supreme Court
Calling the demonetisation of Rs 500 and Rs 1000 currency notes "deeply flawed", senior lawyer P Chidambaram told the Supreme Court on Thursday the Union government cannot on its own initiate any proposal relating to legal tender.
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BJP Warns Legal Action Against Congress On Note-Exchange "Fake-Video"
The BJP on Wednesday said it will take legal action against the Congress for running a conspiracy-driven election campaign against it.
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Paradise Papers Leak On Hidden Wealth Has 714 Indian Names: 10 Points
Financial data leaked from two companies with tax havens across the world has revealed the hidden wealth of the rich and powerful, including from India. The data leak is from Bermuda's Appleby and Singapore's Asiaciti Trust, says the Indian Express newspaper, which has published the first of its investigative reports on the "Paradise Papers", the r...
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Bank Staff Not Paid For Notes Ban Overtime Threaten Legal Action
Bank employees who worked long hours during demonetisation say they have not been paid the money due to them for working overtime. Now a section of their unions has threatened to sue the banks and go on strike if they don't get the cash soon.
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'Notes Ban Will Hit Black Money': Nitish Kumar Stays Fan Amid Criticism
Bihar Chief Minister Nitish Kumar is still bullish on demonetisation as a winning strategy against black money, despite a central bank report saying that 99 per cent of all the cash voided by Prime Minister Narendra Modi last November is back in banks.
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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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Delhi Businessman Detained With Old Currency Worth Rs 4.23 Crore
A businessman in west Delhi has been detained with old currency worth Rs 4.23 crore, police said. The man was detained on Tuesday by the crime branch of Delhi police. He informed the police that two people, who claimed to be working with the Reserve Bank of India (RBI), had promised to convert his demonetised currency into legal money.
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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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Government To Find Black Money Hoarders Among 60 Lakh Who Made Deposits After Notes Ban
Armed with information about Rs 7 lakh crore deposits made by some 60 lakh individuals and companies, the government today warned of hauling up anyone unable to show legal means saying depositing black money in banks does not convert it into white.
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Reserve Bank Cleared Notes Ban Less Than 3 Hours Before PM Modi's Speech on Nov 8
The decision to withdraw the legal tender character of the 500 and 1000 rupee notes to the central government was taken at 5:30 p.m. on Nov. 8 at a board meeting, the RBI said in its responses.
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Ordinance To Nullify Government and RBI Liability On Demonetised Notes
In 1978, a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.
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Money Has Lost Its 'Anonymity' After Demonetisation: Finance Minister Arun Jaitley
On November 8, the government announced that currency notes of Rs 1,000 and Rs 500 were no longer legal tender, saying the move was aimed against black money, counterfeit currency and terror financing.
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On Notes Ban, Supreme Court Says 5 Judges To Decide If It's Legally Valid
Five senior most judges will decide whether the notes ban is legal and whether it is a violation of fundamental rights, the Supreme Court said today.
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Your Top 6 Questions On Withdrawal Of Rs 2,000 Notes Answered
The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.
-
Are Rs 1,000 Notes Coming Back? RBI Governor's Reply
The Reserve Bank of India (RBI) does not have a plan to reintroduce Rs 1,000 bank notes to ease the impact following the withdrawal of Rs 2,000 notes, RBI governor Shaktikanta Das said today, calling reports on the subject "speculative".
-
"Demonetisation Deeply Flawed, Outrageous": P Chidambaram To Supreme Court
Calling the demonetisation of Rs 500 and Rs 1000 currency notes "deeply flawed", senior lawyer P Chidambaram told the Supreme Court on Thursday the Union government cannot on its own initiate any proposal relating to legal tender.
-
BJP Warns Legal Action Against Congress On Note-Exchange "Fake-Video"
The BJP on Wednesday said it will take legal action against the Congress for running a conspiracy-driven election campaign against it.
-
Paradise Papers Leak On Hidden Wealth Has 714 Indian Names: 10 Points
Financial data leaked from two companies with tax havens across the world has revealed the hidden wealth of the rich and powerful, including from India. The data leak is from Bermuda's Appleby and Singapore's Asiaciti Trust, says the Indian Express newspaper, which has published the first of its investigative reports on the "Paradise Papers", the r...
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Bank Staff Not Paid For Notes Ban Overtime Threaten Legal Action
Bank employees who worked long hours during demonetisation say they have not been paid the money due to them for working overtime. Now a section of their unions has threatened to sue the banks and go on strike if they don't get the cash soon.
-
'Notes Ban Will Hit Black Money': Nitish Kumar Stays Fan Amid Criticism
Bihar Chief Minister Nitish Kumar is still bullish on demonetisation as a winning strategy against black money, despite a central bank report saying that 99 per cent of all the cash voided by Prime Minister Narendra Modi last November is back in banks.
-
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.
-
Delhi Businessman Detained With Old Currency Worth Rs 4.23 Crore
A businessman in west Delhi has been detained with old currency worth Rs 4.23 crore, police said. The man was detained on Tuesday by the crime branch of Delhi police. He informed the police that two people, who claimed to be working with the Reserve Bank of India (RBI), had promised to convert his demonetised currency into legal money.
-
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.
-
Government To Find Black Money Hoarders Among 60 Lakh Who Made Deposits After Notes Ban
Armed with information about Rs 7 lakh crore deposits made by some 60 lakh individuals and companies, the government today warned of hauling up anyone unable to show legal means saying depositing black money in banks does not convert it into white.
-
Reserve Bank Cleared Notes Ban Less Than 3 Hours Before PM Modi's Speech on Nov 8
The decision to withdraw the legal tender character of the 500 and 1000 rupee notes to the central government was taken at 5:30 p.m. on Nov. 8 at a board meeting, the RBI said in its responses.
-
Ordinance To Nullify Government and RBI Liability On Demonetised Notes
In 1978, a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.
-
Money Has Lost Its 'Anonymity' After Demonetisation: Finance Minister Arun Jaitley
On November 8, the government announced that currency notes of Rs 1,000 and Rs 500 were no longer legal tender, saying the move was aimed against black money, counterfeit currency and terror financing.
-
On Notes Ban, Supreme Court Says 5 Judges To Decide If It's Legally Valid
Five senior most judges will decide whether the notes ban is legal and whether it is a violation of fundamental rights, the Supreme Court said today.
