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cash crunch

Beware! Your bank ATM will shut down soon! Know when, why and how

Beware! Your bank ATM will shut down soon! Know when, why and how

Wed, Nov 21, 2018

Currently, the country has approximately 2,38,000 installed ATMs, as per the latest publicly available figures.

Exclusive! On ATM cash crisis, 2600 entities under scanner; govt targets those responsible

Exclusive! On ATM cash crisis, 2600 entities under scanner; govt targets those responsible

Fri, Apr 20, 2018

ATM cash crunch: The FIU has upgraded its FINEX server in recent past, which will help it by sending alerts related to real-time transactions as well as suspicious transactions. In addition, the Income Tax department, which is in action has been raiding and surveying at several states that are suffering from the cash crisis.

Beat cash crunch at ATMs Rs 2,000 at a time: Here is how

Beat cash crunch at ATMs Rs 2,000 at a time: Here is how

Fri, Apr 20, 2018

To ease the cash crunch at ATMs that has caused pain to the public in some parts of the nation, SBI has launched a new initiative that allows people in smaller towns to withdraw cash through this rarely used method. Check it out:

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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.

Notes Ban: Fitch cuts India's FY17 growth forecast to 6.9%

Notes Ban: Fitch cuts India's FY17 growth forecast to 6.9%

Tue, Nov 29, 2016

Fitch Ratings on Tuesday lowered India's gross domestic product (GDP) growth forecast for the current fiscal to 6.9% from 7.4%, saying there will be "temporary disruptions" to economic activity post demonetisation.

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.

Unaccounted deposits post demonetisation to attract 60% tax

Unaccounted deposits post demonetisation to attract 60% tax

Fri, Nov 25, 2016

The Cabinet on Thursday discussed amending laws to levy close to 60% income tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes.

Demonetisation: Jugaad start-ups find a convenient solution to long queues at ATMs

Demonetisation: Jugaad start-ups find a convenient solution to long queues at ATMs

Thu, Nov 24, 2016

These innovative start-ups have emerged during the demonetisation process to ease the troubles of people facing the cash crunch.

Modi's demonetisation process becomes nightmare for farmers in short-term

Modi's demonetisation process becomes nightmare for farmers in short-term

Thu, Nov 24, 2016

After conducting a discussion from many agriculture-dealing companies Ambit stated that given this is a relatively lean season as Kharif is behind and rabi is just starting, most companies haven’t yet rolled out any major help to dealers.

Truck sales growth to slowdown, ICRA believes

Truck sales growth to slowdown, ICRA believes

Wed, Nov 23, 2016

The impact of tight liquidity is likely to cripple the road logistics sector in the near-term and would prompt the transport community to put their vehicle replacement or addition plans on the back burner, added the report.

Brands go for cashless ads to attract cash-crunched consumers

Brands go for cashless ads to attract cash-crunched consumers

Wed, Nov 23, 2016

From banks to airlines, all are coming out with new ad campaigns to attracting the customers to buy their products or services using digital transactions.

Assocham pegs mobile-wallet business at Rs 30,000 crore in six years

Assocham pegs mobile-wallet business at Rs 30,000 crore in six years

Wed, Nov 23, 2016

Industry body Assschom believes that the demonetisation drive is likely to push a lot of people towards digital wallets for the good. It said that the mobile wallet market is likely to reach Rs 30,000 crore by 2022.

Shaktikanta Das says more initiatives to ease cash crunch, 82,000 ATMs recalibrated

Shaktikanta Das says more initiatives to ease cash crunch, 82,000 ATMs recalibrated

Wed, Nov 23, 2016

Department of Economic Affairs Secretary, Shaktikanta Das, on Wednesday spoke of the new initiatives taken by Reserve Bank of India (RBI) and the government to help smooth the ongoing battle of a cashless society on account of demonetisation.

Cash crunch puts brake on India's cotton exports; rivals to gain

Cash crunch puts brake on India's cotton exports; rivals to gain

Mon, Nov 21, 2016

Exports of 1 million bales of cotton from top producer India have been delayed after a government move to ban high-value currency notes prompted farmers, who prefer cash payments, to postpone sales, industry officials told Reuters.

Cash crunch may push demand for luxury products to revive only next year

Cash crunch may push demand for luxury products to revive only next year

Mon, Nov 21, 2016

Luxury products will bear the brunt of the recent demonetisation move by the government. The cash crunch has impacted the demand side and the supply chain of the economy, placing luxury commodities in a pretty tight situation.

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Mon, Nov 21, 2016

The government has acknowledged that the disruption would last weeks because of delays in note printing and technical problems with ATM machines, but Modi has made a plea for patience until Dec. 30. The government said it could not have printed new notes or recalibrated cash machines in advance for fear of the move leaking out.

Cash crunch to hurt Indian palm oil imports

Cash crunch to hurt Indian palm oil imports

Fri, Nov 18, 2016

India's palm oil imports are expected to slip next month by up to a fifth, including from the top two producers Indonesia and Malaysia, as New Delhi`s removal of high-value rupee notes from circulation disrupts distribution systems and curbs demand.

ATMs will be re-calibrated with new Rs 500, Rs 2,000 notes within 2 weeks: Arun Jaitley

ATMs will be re-calibrated with new Rs 500, Rs 2,000 notes within 2 weeks: Arun Jaitley

Sat, Nov 12, 2016

Finance Minister Arun Jaitley said that the total deposits in all banks must be around Rs 2-2.25 lakh crore after the demonetisation task started.

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