Notes Ban Effects
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RBI Had Objections To Notes Ban, Agreed In "Public Interest", Reveals RTI
The Reserve Bank of India (RBI) board had warned about the short-term negative effect of demonetization on growth and had noted that it would have no material impact on the campaign against black money.
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After Notes Ban, Fewer Companies Turning Up At Job Fairs: Gopal Rai
The Delhi government's mega job fairs have registered lesser numbers of participating companies and candidates being short-listed since 2017 due to the negative effect of demonetisation, Employment Minister Gopal Rai said on Tuesday.
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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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IMF Lists "Pluses And Minuses" Of Notes Ban, Explains Real Value Of Rupee
IMF spokesperson Gerry Rice said the International Monetary Fund continues to assess the impact of demonetisation on an ongoing basis.
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Growth Picking Up, Effect Of GST, Notes Ban Fading: Arvind Subramanian
The Economic Survey projects a growth rate of 6.75 per cent for the current fiscal year, higher than the Central Statistics Office's outlook of 6.5 per cent.
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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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A Year Since Notes Ban, Surat Textile Traders Say GST Brought Bigger Worries
For what was once a bustling trade centre and one of India's biggest textile hubs, it's hard to believe Surat's textile markets now bear a deserted look. Traders say it is because of the devastating effect of the Goods and Services Tax or GST coupled with a low business Diwali which resulted in an extended break.
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Slowdown Effect Of GST, Notes Ban Has Played Out: Arun Jaitley
Finance Minister Arun Jaitley today said the slowdown effect of demonetisation and GST roll-out on the Indian economy has played out and the country's growth is now headed towards being more balanced and sustainable.
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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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Economist Who Predicted Growth Slump Sees Lingering Pain From Notes Ban
Government data on Thursday showed consumption continued to fall under the impact of Prime Minister Narendra Modi's clampdown on cash and investment stayed sluggish.
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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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Note Ban May Continue To Result In A Economic Slowdown: SBI
Long-term impact of note ban on the economy and the banking sector is uncertain, SBI said.
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GDP Growth Seen Slowing To 7.2% In March Quarter, Recovery Ahead: Nomura
The effect of demonetisation is expected to slow GDP growth to 7.2 per cent in the January-March quarter of this year, Nomura said.
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6 Months Since Note Ban, Bhiwandi's Powerloom Workers Still Hesitate To Return
Thousands of powerloom workers were forced to return home after note ban as owners were unable to pay salaries due to cash crunch.
-
RBI Had Objections To Notes Ban, Agreed In "Public Interest", Reveals RTI
The Reserve Bank of India (RBI) board had warned about the short-term negative effect of demonetization on growth and had noted that it would have no material impact on the campaign against black money.
-
After Notes Ban, Fewer Companies Turning Up At Job Fairs: Gopal Rai
The Delhi government's mega job fairs have registered lesser numbers of participating companies and candidates being short-listed since 2017 due to the negative effect of demonetisation, Employment Minister Gopal Rai said on Tuesday.
-
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.
-
IMF Lists "Pluses And Minuses" Of Notes Ban, Explains Real Value Of Rupee
IMF spokesperson Gerry Rice said the International Monetary Fund continues to assess the impact of demonetisation on an ongoing basis.
-
Growth Picking Up, Effect Of GST, Notes Ban Fading: Arvind Subramanian
The Economic Survey projects a growth rate of 6.75 per cent for the current fiscal year, higher than the Central Statistics Office's outlook of 6.5 per cent.
-
'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.
-
A Year Since Notes Ban, Surat Textile Traders Say GST Brought Bigger Worries
For what was once a bustling trade centre and one of India's biggest textile hubs, it's hard to believe Surat's textile markets now bear a deserted look. Traders say it is because of the devastating effect of the Goods and Services Tax or GST coupled with a low business Diwali which resulted in an extended break.
-
Slowdown Effect Of GST, Notes Ban Has Played Out: Arun Jaitley
Finance Minister Arun Jaitley today said the slowdown effect of demonetisation and GST roll-out on the Indian economy has played out and the country's growth is now headed towards being more balanced and sustainable.
-
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.
-
Economist Who Predicted Growth Slump Sees Lingering Pain From Notes Ban
Government data on Thursday showed consumption continued to fall under the impact of Prime Minister Narendra Modi's clampdown on cash and investment stayed sluggish.
-
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.
-
Note Ban May Continue To Result In A Economic Slowdown: SBI
Long-term impact of note ban on the economy and the banking sector is uncertain, SBI said.
-
GDP Growth Seen Slowing To 7.2% In March Quarter, Recovery Ahead: Nomura
The effect of demonetisation is expected to slow GDP growth to 7.2 per cent in the January-March quarter of this year, Nomura said.
-
6 Months Since Note Ban, Bhiwandi's Powerloom Workers Still Hesitate To Return
Thousands of powerloom workers were forced to return home after note ban as owners were unable to pay salaries due to cash crunch.
