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RBI spent about Rs 5,000 crore on printing new Rs 500 notes: MoS Finance

RBI spent about Rs 5,000 crore on printing new Rs 500 notes: MoS Finance

Mon, Dec 18, 2017

Introduction of this new currency and design has been brought in considering various factors like ease of transaction for common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.

Demonetisation drive was meant to cleanse the system: Adhia

Demonetisation drive was meant to cleanse the system: Adhia

Sun, Nov 26, 2017

The Indian government on November 8, 2016 started the demonetisation drive by banning high denomination Rs 500 and Rs 1,000 currency notes.

Import of Chinese tyres has started to decline: ATMA

Import of Chinese tyres has started to decline: ATMA

Sun, Nov 26, 2017

"Now you can say the Chinese imports have become less than half. During the demonetisation month (November 2016), it dropped by 20 per cent. GST coupled with anti-dumping duty, it has started to sink further," ATMA chairman Satish Sharma told reporters here.

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Cheque, cash transactions moderate post demonetisation: RBI study

Cheque, cash transactions moderate post demonetisation: RBI study

Sat, Nov 25, 2017

Demonetisation were meant for flushing out black money, eliminate Fake Indian Currency Notes (FICN), to strike at the root of financing of terrorism and to give a big boost to digitalisation of payments to make India a less cash economy.

DeMo: Income Tax department to issue notices to suspicious cash depositors

DeMo: Income Tax department to issue notices to suspicious cash depositors

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.

Indian metro cities' witness decline in luxury home prices

Indian metro cities' witness decline in luxury home prices

Tue, Nov 14, 2017

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.

Exclusive Interview with Finance Minister Arun Jaitley on Demonetization

Exclusive Interview with Finance Minister Arun Jaitley on Demonetization

Wed, Nov 08, 2017

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

Key things Modi pointed out on 1-year of demonetisation

Key things Modi pointed out on 1-year of demonetisation

Wed, Nov 08, 2017

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

1-year of Demonetisation: This move became "ache din" for mutual funds industry and Indian markets

1-year of Demonetisation: This move became "ache din" for mutual funds industry and Indian markets

Wed, Nov 08, 2017

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.

Full Text: Here's what Arun Jaitley said on 1-year of Demonetisation

Full Text: Here's what Arun Jaitley said on 1-year of Demonetisation

Tue, Nov 07, 2017

In an overall analysis, Jaitley mentioned that it would not be wrong to say India has moved on to a much cleaner, transparent and honest financial system post demonetisation.

Demonetisation not one-stop solution to end corruption: Jaitley

Demonetisation not one-stop solution to end corruption: Jaitley

Tue, Nov 07, 2017

"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.

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