Scrapping High Value Notes
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91 Lakh New Taxpayers Since Notes Ban, Says Government
Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...
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Note Ban Impact On GDP May Be Seen In This Quarter: RBI
The demonetisation of high value currency notes of Rs 500 and Rs 1,000 announced on November 8 led to scrapping of Rs 15.4 lakh crore from the system.
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Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
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Finance Minister Arun Jaitley Hints Not All Scrapped Currency Will Be Remonetised
As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.
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Chandrababu Naidu Meets RBI Brass, Chief Ministers' Panel Members Skip Meeting
Andhra Pradesh Chief Minister Chandrababu Naidu, head of Chief Ministers' panel on demonetisation, on Thursday met the Reserve Bank brass and top bankers in Mumbai to review the ground-level situation following the scrapping of high value notes, even as other chief ministers skipped the meeting.
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Banks Get About Rs 8.45 Lakh Crore Worth Of Scrapped Notes
People have exchanged and deposited about Rs 8.45 lakh crore worth of scrapped Rs 500/1,000 notes at different banks till November 27 following demonetisation of the high value currency.
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Mamata Banerjee Threatens To Demonstrate Outside PM Modi's Residence
West Bengal Chief Minister Mamata Banerjee today threatened to demonstrate outside Prime Minister Narendra Modi's residence against demonetisation vowing to dislodge him from the seat of power if the scrapping of high value currency notes is not withdrawn.
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Government Removes Excise Duty On Point of Sale Machine Manufacturing
There has been spurt in demand for POS machines on account of cash crunch following scrapping of high value currency notes by the government.
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Scrap Gold Supply To Halve As Cash Crunch Bites
Lower scrap supplies could force the south Asian country to raise imports, which will support global prices that are near their lowest level in five-and-a-half months.
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Two-Wheelers Sales To Be Affected By Demonetisation: ICRA
Rural markets account for about 60-65 per cent of the entry segment motorcycle sales.
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Notes Ban Hit Kashmir Protests, Says Centre. Opposition Disagrees.
The scrapping of high value currency notes has had an immediate, positive fallout in Kashmir, the Central government has indicated. Srinagar is slowly slipping into normalcy. The separatist sponsored strike call loses steam as the protesters throwing stones have gone off the road.
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Axis Bank Sees Reduction In Lending Rates Post-Demonetisation
Millions of harried people have been queuing up outside banks to either deposit the scrapped notes or withdraw accepted tender for meeting their daily expenses in a predominantly cash economy.
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Demonetisation: Cops In Gujarat To Assist Banks To Deal With Rush
Anticipating a huge rush in banks which are reopening today following scrapping of high value currency notes, the Gujarat police have been directed to extend help to such institutes in managing the crowd.
-
91 Lakh New Taxpayers Since Notes Ban, Says Government
Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...
-
Note Ban Impact On GDP May Be Seen In This Quarter: RBI
The demonetisation of high value currency notes of Rs 500 and Rs 1,000 announced on November 8 led to scrapping of Rs 15.4 lakh crore from the system.
-
Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
-
Finance Minister Arun Jaitley Hints Not All Scrapped Currency Will Be Remonetised
As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.
-
Chandrababu Naidu Meets RBI Brass, Chief Ministers' Panel Members Skip Meeting
Andhra Pradesh Chief Minister Chandrababu Naidu, head of Chief Ministers' panel on demonetisation, on Thursday met the Reserve Bank brass and top bankers in Mumbai to review the ground-level situation following the scrapping of high value notes, even as other chief ministers skipped the meeting.
-
Banks Get About Rs 8.45 Lakh Crore Worth Of Scrapped Notes
People have exchanged and deposited about Rs 8.45 lakh crore worth of scrapped Rs 500/1,000 notes at different banks till November 27 following demonetisation of the high value currency.
-
Mamata Banerjee Threatens To Demonstrate Outside PM Modi's Residence
West Bengal Chief Minister Mamata Banerjee today threatened to demonstrate outside Prime Minister Narendra Modi's residence against demonetisation vowing to dislodge him from the seat of power if the scrapping of high value currency notes is not withdrawn.
-
Government Removes Excise Duty On Point of Sale Machine Manufacturing
There has been spurt in demand for POS machines on account of cash crunch following scrapping of high value currency notes by the government.
-
Scrap Gold Supply To Halve As Cash Crunch Bites
Lower scrap supplies could force the south Asian country to raise imports, which will support global prices that are near their lowest level in five-and-a-half months.
-
Two-Wheelers Sales To Be Affected By Demonetisation: ICRA
Rural markets account for about 60-65 per cent of the entry segment motorcycle sales.
-
Notes Ban Hit Kashmir Protests, Says Centre. Opposition Disagrees.
The scrapping of high value currency notes has had an immediate, positive fallout in Kashmir, the Central government has indicated. Srinagar is slowly slipping into normalcy. The separatist sponsored strike call loses steam as the protesters throwing stones have gone off the road.
-
Axis Bank Sees Reduction In Lending Rates Post-Demonetisation
Millions of harried people have been queuing up outside banks to either deposit the scrapped notes or withdraw accepted tender for meeting their daily expenses in a predominantly cash economy.
-
Demonetisation: Cops In Gujarat To Assist Banks To Deal With Rush
Anticipating a huge rush in banks which are reopening today following scrapping of high value currency notes, the Gujarat police have been directed to extend help to such institutes in managing the crowd.
