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Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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.

TRENDING NOW

Govt seeks nod to increase net spending by $5.2 billion in FY17

Govt seeks nod to increase net spending by $5.2 billion in FY17

Wed, Dec 07, 2016

Finance Minister Arun Jaitley sought parliamentary approval on Wednesday to increase net spending by $5.2 billion (nearly Rs 34,594.3 crore) in the current fiscal year that ends in March 2017.

RBI maintains status-quo on rates

RBI maintains status-quo on rates

Wed, Dec 07, 2016

RBI has cut repo by 1.75% since January 2015.

Should RBI hold on a rate cut today?

Should RBI hold on a rate cut today?

Wed, Dec 07, 2016

Should RBI wait for two more months before cutting rates?

28 Days of Demonetisation: No let-up in rush at banks, ATMs

28 Days of Demonetisation: No let-up in rush at banks, ATMs

Wed, Dec 07, 2016

People queuing up outside the banks and ATM kiosks continued to be a common sight in most parts of the national capital on Tuesday -- 28th day since the high-denomination notes were demonetised.

Demonetisation helps Amazon clock triple-digit growth: Amit Agarwal

Wed, Dec 07, 2016

Cashing in on the ongoing demonetisation drive across India, Amazon India is witnessing triple-digit growth in its sales as it has switched to various electronic payments platforms, said the company`s Vice President and Country Manager Amit Agarwal.

Demonetisation: I-T department seizes Rs 130 crore in cash & jewellery since Nov 8

Demonetisation: I-T department seizes Rs 130 crore in cash & jewellery since Nov 8

Wed, Dec 07, 2016

The Income Tax Department (I-T) has carried out investigations into over 400 cases post-demonetisation seizing as much as Rs 130 crore in cash and jewellery, an official statement said on Tuesday.

PM Modi's cash clampdown gamble may force RBI to cut rates today

PM Modi's cash clampdown gamble may force RBI to cut rates today

Wed, Dec 07, 2016

An intense cash shortage in India could force the central bank to cut interest rates to a six-year low on Wednesday as Prime Minister Narendra Modi`s currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains.

Government asks banks to install additional 10 lakh PoS

Government asks banks to install additional 10 lakh PoS

Tue, Dec 06, 2016

A total of 2,73,919 camps have been organised so far in which 24.54 lakh accounts have been opened.

Brownie points to backlash: When brands get it wrong in supporting govt initiatives

Brownie points to backlash: When brands get it wrong in supporting govt initiatives

Tue, Dec 06, 2016

Brands such as Paytm and Reliance Jio had received backlash from consumers for using the image of PM Modi for their ads without the consent of the government.

MPC meeting starts, may go for 0.25% rate cut

MPC meeting starts, may go for 0.25% rate cut

Tue, Dec 06, 2016

The six-member Monetary Policy Committee (MPC) began its deliberations on Tuesday amid widespread expectations of at least 0.25% (25-basis point) cut in the policy rate to cushion the impact of demonetisation.

We are not talking of cancellations, but postponing media spends: Sunil Kataria, GCPL

We are not talking of cancellations, but postponing media spends: Sunil Kataria, GCPL

Tue, Dec 06, 2016

Sunil Kataria says that demonetisation has resulted in the wholesale business coming to a standstill and has resulted in impacting nearly 40% of the FMCG sector revenues.

As Indian rate cut hopes grow, some warn of going too far

As Indian rate cut hopes grow, some warn of going too far

Tue, Dec 06, 2016

The Reserve Bank of India (RBI) is widely expected to cut interest rates on Wednesday as the economy reels from an unexpected clampdown on cash, but foreign investors will be looking for some assurance that new Reserve Bank Governor Urjit Patel has firm control over monetary policy.

Demonetisation to hurt India's economy in long-term: Experts

Demonetisation to hurt India's economy in long-term: Experts

Tue, Dec 06, 2016

The demonetisation move was going "to damage the economy in long-term" and cash-less digital payment system "may not be helpful as being thought", experts said on Monday.

Will Toyota's decision to hike prices impact it sales?

Will Toyota's decision to hike prices impact it sales?

Mon, Dec 05, 2016

Toyota announced a 3% rise in its prices by January 1, 2017.

Tractor sales to grow by 17% in FY17 if demand normalises

Tractor sales to grow by 17% in FY17 if demand normalises

Mon, Dec 05, 2016

Tractor sales are expected to take a hit in the short-term period due to demonetisation impacting farmers' seeds and fertiliser purchases.

Now your Paytm wallet will become your Paytm Payments Bank account

Now your Paytm wallet will become your Paytm Payments Bank account

Mon, Dec 05, 2016

Digital wallet service company, Paytm owned by One97 Communications Ltd, said on Monday that it will be converted into Paytm Payments Bank after the company is granted licenses by Reserve Bank of India.

Toyota announces price hike of 3% on its cars from January 2017

Toyota announces price hike of 3% on its cars from January 2017

Mon, Dec 05, 2016

The hike in price is due to the increase in raw material prices which it had been absorbing for a while.

E-tailing, taxi-hailing companies see a decline in transactions post demonetisation

E-tailing, taxi-hailing companies see a decline in transactions post demonetisation

Mon, Dec 05, 2016

As e-tailing sites and online cab booking services were heavily dependent on cash, it has taken a big hit in terms of the transactions.

India’s gold imports at 11-month high in October at over 99 tons

India’s gold imports at 11-month high in October at over 99 tons

Mon, Dec 05, 2016

Ministry of Commerce and Industry, on Monday revealed the details of gold imports in India over the past year and October’s imports which amounted to 99.62 tons valued at $3.5 billion.

Yes Bank partners with Ola to set up mobile ATMs in 10 cities

Yes Bank partners with Ola to set up mobile ATMs in 10 cities

Mon, Dec 05, 2016

On account of the cash crunch prevailing in India after PM Modi's decision to demonetise higher currency notes, Yes Bank announced on Monday a partnership with Ola cabs to set up mobile ATMs in 10 cities.

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