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Notes Ban

Can't disclose if Jaitley was consulted on notes ban: FinMin

Can't disclose if Jaitley was consulted on notes ban: FinMin

Sun, Mar 05, 2017

The Finance Ministry has taken refuge under the exemption clause of section 8(1)(a) of the Act to deny the information.

Note ban negative for auto asset backed loan in short-term: Moody's

Note ban negative for auto asset backed loan in short-term: Moody's

Mon, Feb 13, 2017

Moody's Investors Service on Monday said that the government's demonetisation decision will have negative impact on the performance of Indian auto asset backed loans in the short-term and the effect will last until March.

RBI pumped in Rs 9.2 lakh crore worth of new notes so far into banking system: Source

RBI pumped in Rs 9.2 lakh crore worth of new notes so far into banking system: Source

Wed, Jan 18, 2017

The Reserve Bank of India (RBI) has injected Rs 9,20,000 crore ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary source quoted central bank governor Urjit Patel as saying on Wednesday.

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'Used car sales dip 42% in November post notes ban, recover in December'

'Used car sales dip 42% in November post notes ban, recover in December'

Tue, Jan 10, 2017

Demonetisation led to over 42% drop in used car sales volumes in November as customers postponed purchases but the organised segment of the trade stands to gain in the long-term from the junking of old Rs 500 and Rs 1,000 banknotes, according to a study.

Demonetisation has hit biz, but the impact is temporary, says Tata Steel

Demonetisation has hit biz, but the impact is temporary, says Tata Steel

Wed, Dec 28, 2016

Private sector steel major Tata Steel on Tuesday said demonetisation has impacted its business, but exuded confidence that the situation would improve soon.

Notes Ban: Govt likely to come up with ordinance before Cabinet today

Notes Ban: Govt likely to come up with ordinance before Cabinet today

Wed, Dec 28, 2016

In an attempt to put an end to the liability of the government and the Reserve Bank of India (RBI) on the demonetised high value notes, the government is likely to come up with an ordinance before the Union Cabinet on Wednesday, PTI reported on Tuesday.

Coal imports may remain weak in December on notes ban, firm prices

Coal imports may remain weak in December on notes ban, firm prices

Sun, Dec 18, 2016

Coal imports, which dropped by 16% to 14 million tonnes (MT) in November, are likely to decline this month as well due to factors like demonetisation and higher prices in global markets.

I-T department sends 3,000 notices for high bank deposits post notes ban

I-T department sends 3,000 notices for high bank deposits post notes ban

Sat, Dec 17, 2016

Income Tax department (I-T) has issued around 3,000 notices to assessees for unmatched deposits in bank accounts, while it has seized a total of Rs 393 crore in cash and jewellery over the past five weeks.

Demonetisation biggest scam, needs to be investigated: P Chidambaram

Demonetisation biggest scam, needs to be investigated: P Chidambaram

Tue, Dec 13, 2016

Singh on November 24 termed demonetisation as Monumental mismanagement while speaking in Rajya Sabha.

India likely to miss April 1 deadline for GST

India likely to miss April 1 deadline for GST

Mon, Dec 12, 2016

India is likely to miss a self-imposed deadline to launch the Goods and Services Tax (GST) from April 1 next year after a meeting of federal and state officials ended on Sunday without deciding who would administer the tax.

NITI Aayog mulls Rs125-crore budget for lucky draws to boost e-payments

NITI Aayog mulls Rs125-crore budget for lucky draws to boost e-payments

Sun, Dec 11, 2016

Aimed at promoting digital transactions, government think tank NITI Aayog has proposed an award scheme with a budget of Rs 125 crore to incentivise people using electronic mode of payments through weekly and quarterly lucky draw contests.

SBI Card to launch Rs 25,000 limit credit cards soon

SBI Card to launch Rs 25,000 limit credit cards soon

Sun, Dec 11, 2016

To tap opportunities arising out of limited cash supply, SBI Card will soon launch a credit card with a cap of Rs 25,000 for those at the lower strata of the society, who have the capacity to pay but don't have cards, a top company official said.

Demonetisation to strengthen hands of poor, says PM Narendra Modi

Demonetisation to strengthen hands of poor, says PM Narendra Modi

Sat, Dec 10, 2016

Prime Minister Narendra Modi said on Saturday that the decision to ban old Rs 500 and 1,000 notes was taken to strengthen the hands of the nation`s poor.

70% corporate employees say note ban will curb corruption: EY

70% corporate employees say note ban will curb corruption: EY

Thu, Dec 08, 2016

94% of the respondents believe the private sector should be covered under the amendments proposed in the Prevention of Corruption Act.

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.

Prime Minister Narendra Modi defends clampdown on cash economy

Prime Minister Narendra Modi defends clampdown on cash economy

Sun, Dec 04, 2016

Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses, farmers and families suffering, saying it was necessary to keep inflation in check and ensure basic amenities for all.

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

Sat, Dec 03, 2016

Dispelling rumours that Finance Minister Arun Jaitley was unaware of demonetisation, Power Minister Piyush Goyal on Saturday said he knew it and kept it as secret despite being "very friendly and open".

Rs 2.5 lakh crore won't come back into banking system: SBI

Rs 2.5 lakh crore won't come back into banking system: SBI

Sat, Dec 03, 2016

State Bank of India (SBI) has estimated that money worth Rs 2.5 lakh crore may not come back into the banking system post demonetisation of high-value notes. On November 8, the government banned old banknotes of Rs 500 and Rs 1,000 worth over Rs 14 lakh crore from the economy.

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 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.

Public can continue to withdraw up to Rs 24,000 per week from bank accounts, ATMs: RBI

Public can continue to withdraw up to Rs 24,000 per week from bank accounts, ATMs: RBI

Sat, Nov 26, 2016

Public can continue to withdraw up to Rs 24,000 per week from their bank accounts, including withdrawals from ATM, the Reserve Bank of India (RBI) said on Friday.

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.

Use of old Rs 500 notes for mobile top ups to help users: COAI

Use of old Rs 500 notes for mobile top ups to help users: COAI

Fri, Nov 25, 2016

Cellular operators association of India (COAI) on Thursday said government's decision to allow old Rs 500 notes to be used for pre-paid mobile recharges will address difficulties being faced by consumers, and allow them to continue using mobile services without disruption.

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