Recall Currency Notes

Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system.

Delhi High Court asked the Centre and Delhi government to present their stand on a plea seeking recall of all currency notes above Rs 100, restricting cash transactions above Rs 10,000, among other measures.

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.

The Delhi High Court today reserved its verdict for December 2 on an application seeking recall of its earlier order dismissing a plea to remove the cap on daily withdrawal of money deposited in banks before the demonetisation decision.

Billed as a landmark move to curb tax evasion and corruption, the government's less than two week-old decision to recall 500 and 1000 rupee notes faces a graver challenge than the political bickering it has spawned.

Alvin Mendonca, drove past the Bengaluru palace ground this week on his way to work in Bengaluru, but unlike many other people, the ostentatious wedding of politician and mining baron Janardhana Reddy's daughter being held there did not have top of the mind recall for him. The media professional is worried about another wedding.

Arvind Kejriwal, among the most voluble critics of the ban on 500 and 1,000 rupee notes, has said "it is anti-national to support demonetisation in (its) current form."

Investors are trying to gauge the impact on company profits after PM Modi's surprise recall of high-value currency notes last week.

Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system.

Delhi High Court asked the Centre and Delhi government to present their stand on a plea seeking recall of all currency notes above Rs 100, restricting cash transactions above Rs 10,000, among other measures.

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.

The Delhi High Court today reserved its verdict for December 2 on an application seeking recall of its earlier order dismissing a plea to remove the cap on daily withdrawal of money deposited in banks before the demonetisation decision.

Billed as a landmark move to curb tax evasion and corruption, the government's less than two week-old decision to recall 500 and 1000 rupee notes faces a graver challenge than the political bickering it has spawned.

Alvin Mendonca, drove past the Bengaluru palace ground this week on his way to work in Bengaluru, but unlike many other people, the ostentatious wedding of politician and mining baron Janardhana Reddy's daughter being held there did not have top of the mind recall for him. The media professional is worried about another wedding.

Arvind Kejriwal, among the most voluble critics of the ban on 500 and 1,000 rupee notes, has said "it is anti-national to support demonetisation in (its) current form."

Investors are trying to gauge the impact on company profits after PM Modi's surprise recall of high-value currency notes last week.