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No more chances to deposit demonetised notes, Govt tells Supreme Court

No more chances to deposit demonetised notes, Govt tells Supreme Court

Tue, Jul 18, 2017

The Central government on Monday refused to give another opportunity to exchange demonetised currency notes of Rs 500 and 1,000 to those who couldn`t do it by the deadline of December 30, 2016, saying this would defeat the very objective of eliminating black money.

Demonetisation no ground for banking ombudsman to handle complaints: RBI

Demonetisation no ground for banking ombudsman to handle complaints: RBI

Sun, Jul 09, 2017

The central bank said that demonetisation is not one of the 27 grounds under which a customer can lodge a complaint with the Banking Ombudsman.

I-T begins action under Benami Act; issues 87 notices; attaches 42 assets worth crores

I-T begins action under Benami Act; issues 87 notices; attaches 42 assets worth crores

Tue, Jan 31, 2017

To slap the stringent provisions of the Benami Transactions Act was taken after analysing serious cases.

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Old Rs 500 notes' use ends at midnight of Dec 15, not Dec 14: FinMin

Old Rs 500 notes' use ends at midnight of Dec 15, not Dec 14: FinMin

Wed, Dec 14, 2016

After Thursday midnight, Rs 500 notes would no longer be allowed to be used for the list of exemptions the government had announced.

India's fuel demand rose 12% year-on-year in November

India's fuel demand rose 12% year-on-year in November

Tue, Dec 13, 2016

India`s fuel demand rose 12.1 % in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 16.64 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Banks must keep deposits record of scrapped, valid notes: Finance Ministry

Banks must keep deposits record of scrapped, valid notes: Finance Ministry

Mon, Dec 12, 2016

To avoid any malpractices, the government on Sunday asked all public sector banks to strictly maintain record of deposits made through both old Rs 500 and Rs 1,000 notes and other valid currencies.

15 tonnes of gold worth Rs 5,000 crore sold in 6 hours on November 8

15 tonnes of gold worth Rs 5,000 crore sold in 6 hours on November 8

Thu, Dec 08, 2016

The night that PM Narendra Modi announced the withdrawal of higher denominations was the night that saw nearly one-fifth of monthly gold sales that reached 15 tonnes.

Rs 11.85 lakh crore old notes have come back in the system, says RBI

Rs 11.85 lakh crore old notes have come back in the system, says RBI

Wed, Dec 07, 2016

While the Reserve Bank of India (RBI) on Wednesday did not change the existing Repo and reverse repro rate, Urjit Patel, RBI governor said that Rs 11.85 lakh crore has come back into the system.

Demonetisation: Govt suspended 27 bank officials for irregular activities

Demonetisation: Govt suspended 27 bank officials for irregular activities

Fri, Dec 02, 2016

The Ministry also warned individuals involved in unauthorised activities.

No old notes for fuel from Saturday, toll collection to resume

No old notes for fuel from Saturday, toll collection to resume

Thu, Dec 01, 2016

The government had last week extended the time period of use of invalid currency notes for making payment of public utility bills.

IRDAI warns insurers not to accept defunct Rs 500/1000 notes towards premium

IRDAI warns insurers not to accept defunct Rs 500/1000 notes towards premium

Tue, Nov 29, 2016

Irdai warned that insurers that they cannot accept old Rs 500 or Rs 1,000 notes for insurance premium.

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.

10 more days to use Rs 500, 1000 notes at Govt hospitals, petrol pumps

10 more days to use Rs 500, 1000 notes at Govt hospitals, petrol pumps

Mon, Nov 14, 2016

Finance Ministry on Sunday late night said that old currencies of Rs 500 and Rs 1,000 denominations will be accepted for another 10 days at government hospitals, petrol pumps and toll booths. Exchange of these notes at specified places was earlier allowed only up till November 11.

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