Old 500 Rupee Notes
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Notes Ban Led To Formalisation Of Economy, Expanded Tax Base: Arun Jaitley
The government had on November 8, 2016, announced ban on old 500 and 1000 rupee notes, to curb black money in the system.
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99.3% Of Rs Old Rs 500, Rs 1,000 Notes Returned To Banks After Demonetisation, Says RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned, said RBI.
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Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
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No Proposal To Withdraw New 2,000 Rupee Notes: Arun Jaitley
The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016.
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Government Notifies Law To Make Banned Note Possession Punishable
The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000.
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Strong GDP Data Leaves Economists Scratching Their Heads
Government's decision last November to outlaw old 500 rupee and 1,000 rupee banknotes was widely expected to exact a heavy toll on an economy where most people are paid in cash and buy what they need with cash.
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At SBI ATM In Delhi, Fake Rs 2,000 Notes By 'Children Bank of India'
A man in Delhi who withdrew four 2,000-rupee notes from an ATM was shocked to see, at a closer glance, that it had been issued by the "Children Bank Of India".
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Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
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Banks To Report Cash Deposits Above Rs 10 Lakh To Income Tax Department
Post demonetisation of old 500 and 1,000 rupee notes, the government had allowed the junked currency to be deposited in bank accounts during a 50-day window ending December 30, 2016.
-
Banks To Report Cash Deposits Above Rs 10 Lakh To Income Tax Department
Post demonetisation of old 500 and 1,000 rupee notes, the government had allowed the junked currency to be deposited in bank accounts during a 50-day window ending December 30, 2016.
-
3 Held With Old Currency Notes Worth Rs 31.65 Lakh In Ghaziabad
Three persons have been detained in Ghaziabad on Thursday with scrapped currency notes of Rs 500 and Rs 1,000 worth 31.65 lakh rupees, the city police said.
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How Much Currency Has Been Returned To Banks? RBI Says Wait For Our Figures
Six days after the December 30 deadline for banned 500 and 1,000 rupees to be deposited in commercial banks, the Reserve Bank of India said "it is still counting the returned notes."
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To Deposit Old Notes At RBI, You Need Documents From Airport: 10 Points
Those trying to deposit banned 500 and 1,000 rupee notes at the Reserve Bank of India (RBI) must have a stamped document from the airport to prove that they were abroad. A notice outside the RBI makes it clear that old notes will not be accepted from anyone except those who were not in the country after 500 and 1,000 notes were banned without warni...
-
As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
-
Banks Aim To Boost Credit Growth With Sharp Rate Cuts
Banks have received an estimated Rs 14.9 lakh crore ($219.30 billion) in old 500, and 1,000 rupees notes from depositors since Prime Minister Narendra Modi's government on November 8.
-
Notes Ban Led To Formalisation Of Economy, Expanded Tax Base: Arun Jaitley
The government had on November 8, 2016, announced ban on old 500 and 1000 rupee notes, to curb black money in the system.
-
99.3% Of Rs Old Rs 500, Rs 1,000 Notes Returned To Banks After Demonetisation, Says RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned, said RBI.
-
Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
-
No Proposal To Withdraw New 2,000 Rupee Notes: Arun Jaitley
The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016.
-
Government Notifies Law To Make Banned Note Possession Punishable
The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000.
-
Strong GDP Data Leaves Economists Scratching Their Heads
Government's decision last November to outlaw old 500 rupee and 1,000 rupee banknotes was widely expected to exact a heavy toll on an economy where most people are paid in cash and buy what they need with cash.
-
At SBI ATM In Delhi, Fake Rs 2,000 Notes By 'Children Bank of India'
A man in Delhi who withdrew four 2,000-rupee notes from an ATM was shocked to see, at a closer glance, that it had been issued by the "Children Bank Of India".
-
Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
-
Banks To Report Cash Deposits Above Rs 10 Lakh To Income Tax Department
Post demonetisation of old 500 and 1,000 rupee notes, the government had allowed the junked currency to be deposited in bank accounts during a 50-day window ending December 30, 2016.
-
Banks To Report Cash Deposits Above Rs 10 Lakh To Income Tax Department
Post demonetisation of old 500 and 1,000 rupee notes, the government had allowed the junked currency to be deposited in bank accounts during a 50-day window ending December 30, 2016.
-
3 Held With Old Currency Notes Worth Rs 31.65 Lakh In Ghaziabad
Three persons have been detained in Ghaziabad on Thursday with scrapped currency notes of Rs 500 and Rs 1,000 worth 31.65 lakh rupees, the city police said.
-
How Much Currency Has Been Returned To Banks? RBI Says Wait For Our Figures
Six days after the December 30 deadline for banned 500 and 1,000 rupees to be deposited in commercial banks, the Reserve Bank of India said "it is still counting the returned notes."
-
To Deposit Old Notes At RBI, You Need Documents From Airport: 10 Points
Those trying to deposit banned 500 and 1,000 rupee notes at the Reserve Bank of India (RBI) must have a stamped document from the airport to prove that they were abroad. A notice outside the RBI makes it clear that old notes will not be accepted from anyone except those who were not in the country after 500 and 1,000 notes were banned without warni...
-
As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
-
Banks Aim To Boost Credit Growth With Sharp Rate Cuts
Banks have received an estimated Rs 14.9 lakh crore ($219.30 billion) in old 500, and 1,000 rupees notes from depositors since Prime Minister Narendra Modi's government on November 8.
