Rbi On Demonetisation

The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.

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".

The Congress targeted the prime minister on Friday over the RBI announcement on the withdrawal of Rs 2,000 currency notes from circulation, saying the move was "typical of our self-styled vishwaguru" and his method of "first act, second think".

The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to put on record relevant records relating to the government's 2016 decision to demonetise currency notes of Rs 1,000 and Rs 500 denomination for its perusal.

The Reserve Bank of India and the Centre on Monday defended the Centre's decision to demonetise the old currency notes of Rs 500 and Rs 1,000 before the Supreme Court of India as it said that procedure was followed.

RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will help the nation move towards the ideal situation where low taxes are levied on a large base.

India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and mobile phone users.

Congress president Sonia Gandhi sent across a scorching message to the central government on the third anniversary of its demonetisation initiative today, promising to ensure that the people neither forgive nor forget the "Tughlaqi blunder" that had brought the nation's economy to its knees.

The Reserve Bank will soon introduce varnished banknotes of Rs 100 denomination on a field trial basis to increase the life of the banknotes and also look at ways to make them disabled-friendly in FY20.

Former RBI chief Raghuram Rajan said today that it was "worrying" that there was not enough focus in the country on joblessness. "There is a huge hunger for good jobs. Our job statistics have been poor for a long time," he said in an interview to NDTV on his new book "The Third Pillar".

The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.

Prime Minister Narendra Modi in an interview with news agency ANI talked about a host of issues including demonetisation, the surgical strikes in 2016, the upcoming general elections, the Ram temple and former RBI chief Urijit Patel's resignation. He said the general elections next year will be a fight between the people and the Mahagathbandhan

Attacking the Centre for appointing Shaktikanta Das as RBI Governor, the Congress today alleged that he would play to the tunes of the government and that choosing a bureaucrat who defended demonetisation, instead of an eminent economist, will diminish the institution.

Citing strong fundamentals, Reserve Bank of India (RBI) Governor Urjit Patel told a group of lawmakers on Tuesday that the impact of demonetisation was "transient" and the economy had registered a robust credit growth of 15 per cent this fiscal, sources told NDTV. The RBI chief, seen to be at odds with the government over a range of issues includin...

RBI Governor Urjit Patel on Tuesday appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues, sources said.

The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.

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".

The Congress targeted the prime minister on Friday over the RBI announcement on the withdrawal of Rs 2,000 currency notes from circulation, saying the move was "typical of our self-styled vishwaguru" and his method of "first act, second think".

The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to put on record relevant records relating to the government's 2016 decision to demonetise currency notes of Rs 1,000 and Rs 500 denomination for its perusal.

The Reserve Bank of India and the Centre on Monday defended the Centre's decision to demonetise the old currency notes of Rs 500 and Rs 1,000 before the Supreme Court of India as it said that procedure was followed.

RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will help the nation move towards the ideal situation where low taxes are levied on a large base.

India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and mobile phone users.

Congress president Sonia Gandhi sent across a scorching message to the central government on the third anniversary of its demonetisation initiative today, promising to ensure that the people neither forgive nor forget the "Tughlaqi blunder" that had brought the nation's economy to its knees.

The Reserve Bank will soon introduce varnished banknotes of Rs 100 denomination on a field trial basis to increase the life of the banknotes and also look at ways to make them disabled-friendly in FY20.

Former RBI chief Raghuram Rajan said today that it was "worrying" that there was not enough focus in the country on joblessness. "There is a huge hunger for good jobs. Our job statistics have been poor for a long time," he said in an interview to NDTV on his new book "The Third Pillar".

The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.

Prime Minister Narendra Modi in an interview with news agency ANI talked about a host of issues including demonetisation, the surgical strikes in 2016, the upcoming general elections, the Ram temple and former RBI chief Urijit Patel's resignation. He said the general elections next year will be a fight between the people and the Mahagathbandhan

Attacking the Centre for appointing Shaktikanta Das as RBI Governor, the Congress today alleged that he would play to the tunes of the government and that choosing a bureaucrat who defended demonetisation, instead of an eminent economist, will diminish the institution.

Citing strong fundamentals, Reserve Bank of India (RBI) Governor Urjit Patel told a group of lawmakers on Tuesday that the impact of demonetisation was "transient" and the economy had registered a robust credit growth of 15 per cent this fiscal, sources told NDTV. The RBI chief, seen to be at odds with the government over a range of issues includin...

RBI Governor Urjit Patel on Tuesday appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues, sources said.