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Demonetisation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Mon, Jun 03, 2024

97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024.

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

Sat, May 20, 2023

Rs 2,000 withdrawal from circulation: The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

Fri, May 19, 2023

BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time.

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Ready-to-move-in flats: DLF expects sales bookings may double this fiscal to Rs 2,250 cr

Ready-to-move-in flats: DLF expects sales bookings may double this fiscal to Rs 2,250 cr

Mon, Aug 13, 2018

The country's largest realty firm had achieved bookings of only Rs 1,000 crore during 2017-18 as sales were suspended for six months to comply with the provisions of new real estate law RERA that came into force from May last year.

Centre to withdraw Rs 2,000 currency notes? Here is truth

Centre to withdraw Rs 2,000 currency notes? Here is truth

Fri, Aug 10, 2018

Fear has been expressed in public repeatedly that the Rs 2,000 currency notes will be withdrawn. This has forced the government's hands now to reveal the real state of affairs.

RBI has wide ranging powers to deal with bad loans, other banking issues: Govt

RBI has wide ranging powers to deal with bad loans, other banking issues: Govt

Tue, Jul 24, 2018

Listing out RBI's powers to deal with banks, Minister of State for Finance Shiv Pratap Shukla said the central bank can inspect the lenders, examine on oath any officer, direct special audit and give directions to banks.

Have old Rs 10, Rs 50, Rs 100 notes? Why you should worry

Have old Rs 10, Rs 50, Rs 100 notes? Why you should worry

Sun, Jul 22, 2018

The entry of these two new high denomination notes was a clear indication the transformation of entire currency chest.

New Rs 20 note coming now? Demonetisation sowed seeds of new Rs 10, Rs 50, Rs 100 notes

New Rs 20 note coming now? Demonetisation sowed seeds of new Rs 10, Rs 50, Rs 100 notes

Sun, Jul 22, 2018

The similarities between Rs 500 and Rs 2000 notes are clear indication to why RBI had to give makeover to small denomination notes like Rs 10, Rs 50 and now Rs 100.

Is Rs 50 currency note in your pocket fake?

Is Rs 50 currency note in your pocket fake?

Wed, Jul 04, 2018

New currency notes were brought out in the wake of demonetisation in 2016. Old Rs 500 and Rs 1000 currency notes were banned. New Rs 500 and Rs 2000 notes were birthed.

From Demonetisation low, currency with public doubles, hits record at over Rs 18 lakh cr

From Demonetisation low, currency with public doubles, hits record at over Rs 18 lakh cr

Sun, Jun 10, 2018

Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data.

GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

Tue, May 08, 2018

The Goods and Services Tax (GST), as well as protracted issues of corporate and bank balance sheet problems, pushed India's economic growth downward in 2017 but a gradual recovery is expected and the country's economy is forecast to grow at 7.2 per cent in 2018, according to a UN report.

Demonetisation type cash crunch hits ATMs; Arun Jaitley reacts, says shortage temporary

Demonetisation type cash crunch hits ATMs; Arun Jaitley reacts, says shortage temporary

Tue, Apr 17, 2018

Demonetisation type cash crunch hits ATMs: West Bengal Chief Minister Mamata Banerjee said it reminds her of the demonetisation days. She wondered if a "financial emergency" is going on in the country.

India to grow 7.3% this financial year, 7.6% in FY2019: ADB

India to grow 7.3% this financial year, 7.6% in FY2019: ADB

Thu, Apr 12, 2018

In its Asian Development Outlook (ADO), 2018, ADB said, Indian economy grew 6.6 percent in the last fiscal as it battled the lingering effects of demonetisation in 2016, businesses adjusting to Goods and Services Tax (GST) in 2017, and a subdued agriculture.

Demonetisation, GST led to formalisation of economy: Arun Jaitley

Demonetisation, GST led to formalisation of economy: Arun Jaitley

Wed, Apr 04, 2018

According to the data released by the Finance Ministry on Monday, 6.84 crore returns were filed during 2017-18, significantly higher than 5.43 crore filed in the previous fiscal.

Digital payment: Know here all about popular platforms

Digital payment: Know here all about popular platforms

Sun, Mar 25, 2018

Digital payment platforms: E-wallets came to the rescue of people when demonetisation struck and ATMs ran dry, and people have since adopted it as a part of their everyday lives. These e-wallets can be used to pay utility bills, pay at local stores, send and receive money anywhere and much more. Remember that KYC is mandatory for using e-wallets now as per RBI’s directive.

On demonetisation, this is what Infosys co-founder Narayana Murthy said

On demonetisation, this is what Infosys co-founder Narayana Murthy said

Wed, Mar 21, 2018

Murthy said he himself could not understand the logic behind the demonetisation move since he is not an expert on the subject.

Great news! Big salary hikes, jobs coming for employees in India!

Great news! Big salary hikes, jobs coming for employees in India!

Fri, Mar 16, 2018

Indian job market: Nearly 54 per cent of the companies surveyed said that compensation is likely to stay the same while 39 per cent said compensation is likely to grow this year. Less than 5 per cent said that it will see a decline, the report noted.

Want to buy affordable home? After 'triple whammy', here is what it will take

Want to buy affordable home? After 'triple whammy', here is what it will take

Thu, Mar 15, 2018

Realtors' apex body CREDAI demanded reduction in GST, easier bank financing for purchase of land to develop affordable housing and single-window clearance for approval of real estate projects to boost the sector.

Digital transactions in India could be worth $1 trillion annually by 2025, says a report

Digital transactions in India could be worth $1 trillion annually by 2025, says a report

Tue, Mar 13, 2018

Digital transactions in India: Mass adoption of e-payments and a thriving fintech scene, combined with regulatory policy, are set to propel India into a leading position in the global payments landscape, it said adding unified payments interface (UPI) transactions are a key driver of greater financial inclusion.

GDP growth: Will Indian economy reach 7% rate? Surprise in store

GDP growth: Will Indian economy reach 7% rate? Surprise in store

Wed, Feb 28, 2018

In some good news for the public, GDP growth in India came in at 6.3% in September - October 2017 (Q2FY18) quarter - higher compared to 5.7% in July - September 207 (Q1FY18) quarter.

9,500 NBFCs seen as 'high risk' companies by Finance Ministry

9,500 NBFCs seen as 'high risk' companies by Finance Ministry

Mon, Feb 26, 2018

It is being known that these NBFCs and co-operative banks were found converting banned Rs 500 and Rs 1000 notes during the demonetisation drive in November 2016.

Who moved my savings? The conundrum of declining savings post-demonetisation

Who moved my savings? The conundrum of declining savings post-demonetisation

Tue, Feb 20, 2018

Contrary to what preliminary RBI data indicated, the financial savings rate in fiscal year (FY) 2017 declined post- demonetisation even as the deposits in banks grew in droves, noted a report, adding the gains from deposits were not enough to compensate for the sharp fall in currency holdings dur

Impact of GST on restaurant industry positive: Survey

Impact of GST on restaurant industry positive: Survey

Sun, Feb 18, 2018

More than 70 per cent of the restaurant owners in the two cities believed GST is a positive decision for the industry, while 68 per cent businesses felt it will ease compliance since it is backed by technology.

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