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cash crunch

Beware! Your bank ATM will shut down soon! Know when, why and how

Beware! Your bank ATM will shut down soon! Know when, why and how

Wed, Nov 21, 2018

Currently, the country has approximately 2,38,000 installed ATMs, as per the latest publicly available figures.

Exclusive! On ATM cash crisis, 2600 entities under scanner; govt targets those responsible

Exclusive! On ATM cash crisis, 2600 entities under scanner; govt targets those responsible

Fri, Apr 20, 2018

ATM cash crunch: The FIU has upgraded its FINEX server in recent past, which will help it by sending alerts related to real-time transactions as well as suspicious transactions. In addition, the Income Tax department, which is in action has been raiding and surveying at several states that are suffering from the cash crisis.

Beat cash crunch at ATMs Rs 2,000 at a time: Here is how

Beat cash crunch at ATMs Rs 2,000 at a time: Here is how

Fri, Apr 20, 2018

To ease the cash crunch at ATMs that has caused pain to the public in some parts of the nation, SBI has launched a new initiative that allows people in smaller towns to withdraw cash through this rarely used method. Check it out:

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Demonetisation: Residential market witnesses worst fall in H2 2016, says Knight Frank India

Demonetisation: Residential market witnesses worst fall in H2 2016, says Knight Frank India

Tue, Jan 10, 2017

Residential market has witnessed a decline in the second half (H2) of 2016 on the back of the government's demonetisation move resulting in fall in sales volume and new launches in the fourth quarter (Q4) of 2016, said a latest report by Knight Frank India.

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Mon, Jan 09, 2017

Global brokerage Citigroup has lowered India's growth forecast to 6.8% for this fiscal from 7.2% earlier, as cash crunch has affected pick-up in consumption while uncertainty around demonetisation may further delay any recovery in private investments.

Parliamentary committee to question RBI governor on cash crunch

Parliamentary committee to question RBI governor on cash crunch

Sun, Jan 08, 2017

A parliamentary committee, probing the government`s decision to scrap high-value bank notes, has sent the country`s central bank governor a list of questions on the demonetisation process and asked him to appear before it on Jan. 20.

5 tips for buying property post-demonetisation

5 tips for buying property post-demonetisation

Fri, Jan 06, 2017

In a surprise move to curb black money, corruption and terrorism, prime minister Narendra Modi on November 8 announced scrapping of old currency notes of Rs 500 and Rs 1,000 as legal tender from circulation resulting in cash crunch and chaos aross various sectors including real estate.

Domestic, global macro data hold key for stocks this week

Domestic, global macro data hold key for stocks this week

Sun, Jan 01, 2017

Stock market trends this week will largely depend on domestic as well as global macro economic data prints, while expectation of tax sops in budget and weakness of dollar may add to the positive sentiment for the year ahead, experts say.

2016 had a few roadblocks for car sales in India

2016 had a few roadblocks for car sales in India

Sat, Dec 31, 2016

2016 has been a bumpy road for automobile companies in India. While the year started at a low, it shifted gears in the months of July, August and September. These hopes, however, were dashed at the end of the year by the impact of demonetisation.

Demonetisation: RBI enhances ATM withdrawal limit to Rs 4,500 per day from January 1

Demonetisation: RBI enhances ATM withdrawal limit to Rs 4,500 per day from January 1

Sat, Dec 31, 2016

The Reserve Bank of India (RBI) on Friday has increased the daily cash withdrawal limit to Rs 4,500 per day from the earlier cap of Rs 2,500 per day starting from January 1 next year. However, the weekly cash withdrawal limit of Rs 24,000 per week remains unchanged.

No New Year's Eve party this year amid cash crunch

No New Year's Eve party this year amid cash crunch

Fri, Dec 30, 2016

The star-rated hotels in metros have registered a decline of about 5-7%.

Modi, Jaitley to hold pre-budget meeting with NITI Aayog, economists today

Modi, Jaitley to hold pre-budget meeting with NITI Aayog, economists today

Tue, Dec 27, 2016

Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet NITI Aayog officials, economists and experts on Tuesday to get their views on the upcoming Budget 2017-18.

Volatility ahead of F&O expiry may keep markets on edge: Experts

Volatility ahead of F&O expiry may keep markets on edge: Experts

Sun, Dec 25, 2016

Markets may see volatile trading sessions amid derivatives expiry, while muted Foreign Institutional Investor (FII) activity and global markets will dictate market trend this week, say experts.

Demonetisation: Restrictions on cash withdrawals may continue beyond December 30

Demonetisation: Restrictions on cash withdrawals may continue beyond December 30

Sun, Dec 25, 2016

Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and Reserve Bank of India (RBI) have not been able to keep pace with the demand of new currency notes.

Mann Ki Baat: PM Narendra Modi thanks people for enduring demonetisation 'pain'

Mann Ki Baat: PM Narendra Modi thanks people for enduring demonetisation 'pain'

Sun, Dec 25, 2016

Prime Minister Narendra Modi on Sunday thanked people for enduring the "pain" caused by the government`s November 8 decision to spike Rs 500 and Rs 1,000 notes that has caused an unprecedented cash crunch across the country.

Maruti bookings slump 20% in October-November due to demonetisation

Maruti bookings slump 20% in October-November due to demonetisation

Sat, Dec 24, 2016

Country's largest carmaker Maruti Suzuki on Friday said bookings declined by 20% in the October-November period, compared to the same period last year, as cash crunch following scrapping of high-value notes led to fall in demand.

Demonetisation: Approval rate remains high as 50-day window nears end

Demonetisation: Approval rate remains high as 50-day window nears end

Fri, Dec 23, 2016

People affected by the currency ban have continued to give PM Modi a big thumbs up for his decision to demonetise higher denominations on November 8.

Here are 4 ways to get cash without standing in ATM, bank queues

Here are 4 ways to get cash without standing in ATM, bank queues

Fri, Dec 23, 2016

With the existing cash crunch after demonetisation blues hit Indian markets, retailers and e-commerce platforms found a way around the mess.

Hotel rates, airline tickets 30-35% cheaper in December due to cash crunch

Hotel rates, airline tickets 30-35% cheaper in December due to cash crunch

Tue, Dec 20, 2016

The cash crunch due to demonetisation has resulted in consumer sentiment going down and has resulted in a large decline in tourist bookings in December.

Demonetisation: Can normalcy return in the next two months?

Demonetisation: Can normalcy return in the next two months?

Mon, Dec 19, 2016

SBI believes that introduction of Rs 500 currency notes in large numbers will fill the much needed vacuum of serving as the medium of exchange in between Rs 100 and Rs 2000 rupee notes.

2017 may remain challenging for job seekers, pay hikes: Experts

2017 may remain challenging for job seekers, pay hikes: Experts

Sun, Dec 18, 2016

After a challenging year amid global headwinds and cash-crunch back home, the job market is heading for yet another gloomy year with employers already on 'wait and watch' mode and pay hikes indicating a weak trend, say experts.

Uttar Pradesh receives Rs 5,000 crore from RBI to meet cash crunch

Uttar Pradesh receives Rs 5,000 crore from RBI to meet cash crunch

Sat, Dec 17, 2016

The Reserve Bank of India (RBI) on Saturday flew in Rs 5,000 crore in a heavily guarded cargo plane to cash parched Uttar Pradesh (UP), an official said.

Demonetisation was not a hurried decision: Amit Shah

Demonetisation was not a hurried decision: Amit Shah

Sat, Dec 17, 2016

The decision of demonetising higher currency notes was not taken in a hurry, Bharatiya Janata Party (BJP) President Amit Shah has said, adding that the decision was taken in consultation with Reserve Bank of India (RBI).

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