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.
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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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.
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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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.
Tue, Nov 14, 2017
Sushil Chandra, chairman, Central Board of Direct Taxes (CBDT) said despite closing of I-T returns filing time period, a number of entities and individuals failed to file their tax returns, as required under the 'Operation Clean Money' (OCM) initiated by the government to check black money post demonetisation.
Demonetisation move which was announced on November 08, 2016, to majorly curb black money and terror finance - led Indian real estate sector with heavy cash shortages and in return hampered their earnings.
Wed, Nov 08, 2017
November 08,2017, comes as a very special day for PM Narendra Modi and his government has it marks the one year anniversary of their biggest reform "Demonetisation" or commonly known as notebandi.
About 6,857.82 million notes of Rs 1000 and 17,165.06 million notes of Rs 500 valuing separately Rs 685,782 crore and Rs 858,253 crore respectively were scrapped
On November 08, 2016, Modi scrapped high denomination notes namely Rs 500 and Rs 1000 - accounting 86% of India's currency. This event has been a hot topic since then across the country.
Finance Minister Arun Jaitley on Tuesday declined to disclose all the facts that went into the decision to undertake demonetisation last year.
Tue, Nov 07, 2017
The government is working on launching the second phase of promoting digital payments from January, according to an official source.
"Demonetisation is not a one-stop solution to end corruption. It cannot be, but it did change the agenda. And that changed agenda is that we should go towards less-cash economy. Individual tax payers` number has increased, digital transactions have gone up and terror funding has squeezed," Jaitley said.
Before the country observes the one year anniversary of demonetisation on November 8 another case of fake notes being dispensed from an ATM has been noted.
Mon, Nov 06, 2017
Banks started scanning last week all the account details of directors who were disqualified by the ministry of corporate affairs as part of alleged shell companies.
Cash deposits worth over Rs 17,000 crore were made and later withdrawn post demonetisation by as many as 35,000 companies, which are now deregistered, the government said today.
Sun, Nov 05, 2017
Digital transactions through Unified Payments Interface (UPI) have surged exponentially 77 times within a year of the demonetisation drive.
Sat, Nov 04, 2017
Prime Minister Narendra Modi today hinted at a crackdown on 'benami' properties, and said the Congress is worried as such assets of its leaders will not be spared in his government's action.
Sun, Oct 29, 2017
Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said.
Sat, Oct 28, 2017
Co-founders of GlobalLinker, Sameer Vakil and Summi Gambhir talk about the impact of demonetisation and Goods and Services Tax (GST) on small businesses.
Thu, Oct 19, 2017
Samvat 2073 was a great year for Indian markets adding over Rs 25 lakh crore to investor's portfolio. From the past-samvat, Sensex and Nifty has grown by 16% and 18% respectively.
Performance during Diwali festive season serves as a barometer of the health and strength of businesses and the Indian economy as a whole.
Wed, Oct 18, 2017
Not only spending sentiments have come down this Diwali but also demand for various products which rooted for such festive season.
Tue, Oct 17, 2017
The Rs 200 notes is introduced in lower end of denomination series as per RBI. So far, India has bank notes like Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000.
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![1-year of Demonetisation: This move became "ache din" for mutual funds industry and Indian markets](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/11/08/25168-narendra-modi-ians.JPG?itok=V6jL7GjF&c=969935bdef84acb71467cd92a9d3aa8e "1-year of Demonetisation: This move became "ache din" for mutual funds industry and Indian markets")
