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Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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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Demonetisation: A timeline of flip-flops since November 8

Demonetisation: A timeline of flip-flops since November 8

Mon, Nov 28, 2016

Prime Minister Narendra Modi shocked the country on November 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86% of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has brought India`s cash economy to a virtual standstill.

Here are 9 things Urjit Patel said on demonetisation

Here are 9 things Urjit Patel said on demonetisation

Mon, Nov 28, 2016

From assuring constant supervision to reassuring honest taxpayers, and justifying demontization and why it was so chaotic, the RBI Governor finally opened up on demonetisation.

RBI allows banks to park old currency notes at district chests

RBI allows banks to park old currency notes at district chests

Mon, Nov 28, 2016

To decongest storage facility of banks of old Rs 500 and Rs 1,000 notes, RBI on Sunday allowed lenders to park such currencies at currency chests at the district level in view of mounting deposits due to the demonetisation drive.

RBI taking steps to ease genuine pain of citizens: Urjit Patel

RBI taking steps to ease genuine pain of citizens: Urjit Patel

Sun, Nov 27, 2016

Patel said that according to bankers the situation is getting better and in the metros things are stabilising but the remote locations are still feeling some pain.

Govt tries to assure MSME sector of no job losses due to demonetisation

Govt tries to assure MSME sector of no job losses due to demonetisation

Sun, Nov 27, 2016

The Union MSME minister assured that there will be no impact to the jobs in the sector.

Demonetisation will boost BJP's electoral fortune in UP, says party National Secretary

Demonetisation will boost BJP's electoral fortune in UP, says party National Secretary

Sun, Nov 27, 2016

"This is a big decision... It is BSP and SP that appear to be more worried by it," he Mahendra Singh, adding that people were minutely watching the panic situation of political parties.

Will PM Modi's demonetisation plan backfire?

Will PM Modi's demonetisation plan backfire?

Sun, Nov 27, 2016

Many economists say that the move will result in a slowing down of the economy in the near term.

Urjit Patel has sacrificed RBI's autonomy: Congress

Urjit Patel has sacrificed RBI's autonomy: Congress

Sat, Nov 26, 2016

Alleging that the Reserve Bank of India (RBI) was kept in the dark by the government about its surprise demonetisation move, the Congress on Saturday said the central bank's Governor Urjit Patel has sacrificed its autonomy.

Demonetisation among 3 most important economic reforms,says Ratan Tata

Demonetisation among 3 most important economic reforms,says Ratan Tata

Sat, Nov 26, 2016

After calling for special relief measures for poor hit by demonetisation, industrialist Ratan Tata on Saturday termed the move as one of the three most important economic reforms that will help fight black money.

Demonetisation impacts property deals, but raises hope of cheaper loans

Demonetisation impacts property deals, but raises hope of cheaper loans

Sat, Nov 26, 2016

Even as the sale of pre-owned houses and developer-built small properties have come to a standstill, the realty industry hopes the quantum of home loans will pick up after stability returns and eventually lift its fortunes.

Demonetisation to impact Q3,economy will come back to new normal: Sitharaman

Demonetisation to impact Q3,economy will come back to new normal: Sitharaman

Sat, Nov 26, 2016

The demonetisation of Rs 500 and Rs 1,000 notes will have an impact on growth in the current quarter but the economy will gradually come back to the 'new normal', Commerce and Industry Minister Nirmala Sitharaman said.

Demonetisation: 90% traders surveyed experience business decline

Demonetisation: 90% traders surveyed experience business decline

Fri, Nov 25, 2016

These include jewellers and those dealing in furniture, and sanitaryware, among other items, the survey said.

Supreme Court to hear challenge to demonetisation on December 2

Supreme Court to hear challenge to demonetisation on December 2

Fri, Nov 25, 2016

Seeking to know the ground reality, the court said that the hearing on the validity of the note ban could take place later.

Demonetisation: PC, mobile devices market to see slowdown in Q4 2016, says IDC India

Demonetisation: PC, mobile devices market to see slowdown in Q4 2016, says IDC India

Fri, Nov 25, 2016

The Government of India's ongoing demonetisation drive is likely to slow down personal computer (PC) and mobile devices market in the fourth quarter (Q4) of 2016 due to cash crunch in the country, said a global market intelligence and advisory company IDC India on Friday.

India's GDP growth will be better than China's: Fitch Ratings

India's GDP growth will be better than China's: Fitch Ratings

Fri, Nov 25, 2016

In October 2016, Fitch forecast 7.4% growth for the current fiscal for India.

Now, INOX Leisure ties up with SBI for dispensing cash

Now, INOX Leisure ties up with SBI for dispensing cash

Fri, Nov 25, 2016

The company added that the facility will be available across 17 properties starting today.

With demonetisation, we have postponed a revival in investments, CMIE CEO Vyas

With demonetisation, we have postponed a revival in investments, CMIE CEO Vyas

Fri, Nov 25, 2016

Consumer sentiments and unemployment rates took a leap for the positive as PM Modi announced the demonetisation of higher currency, Centre for Monitoring Indian Economy (CMIE) and BSE data show.

Paytm suspends 'App POS' on data security concerns

Paytm suspends 'App POS' on data security concerns

Fri, Nov 25, 2016

Paytm had said it expects 10 million app POS to be downloaded before the weekend.

GDP numbers don't matter, demonetisation to reap more positives, says economist Laveesh Bhandari

GDP numbers don't matter, demonetisation to reap more positives, says economist Laveesh Bhandari

Fri, Nov 25, 2016

The big debate on whether the government’s bold move of demonetisation has affected India’s GDP in a drastic way was taken up in the conference on consumer sentiments and unemployment rate at Bombay Stock Exchange on Thursday.

'Large cos don't react fast to problems like demonetisation'

'Large cos don't react fast to problems like demonetisation'

Fri, Nov 25, 2016

Large companies don't react quickly to problems like demonetisation and expect smart innovative people to address it, Hewlett Packard Enterprise Group India R&D President Naresh Shah said.

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