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Demonetisation

Rs 2000 notes to be banned or not? All doubts cleared! Check latest news, answer directly from Modi government

Rs 2000 notes to be banned or not? All doubts cleared! Check latest news, answer directly from Modi government

Sat, Dec 14, 2019

Are you also worried about the unconfirmed reports/rumours spreading in the market that Modi government may soon take big step to ban Rs 2000 notes?

Zero tolerance! After demonetisation and surgical strike, Modi govt is gearing up for this huge action - Must know for Indians

Zero tolerance! After demonetisation and surgical strike, Modi govt is gearing up for this huge action - Must know for Indians

Sat, Nov 16, 2019

Big action coming soon!

Good news for homebuyers! Finally, branded real estate developers beat non-branded entities

Good news for homebuyers! Finally, branded real estate developers beat non-branded entities

Tue, Jul 30, 2019

In H1 2019 near 1,39,480 units in the top 7 cities i.e. over 53% were launched by branded developers, and 47% by non-branded entities.

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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.

Two-wheeler February sales shows signs of gradual recover post demonetisation

Two-wheeler February sales shows signs of gradual recover post demonetisation

Sat, Mar 04, 2017

Domestic two-wheelers companies continued with the volume decline in the range of -5% to -6% YoY in February 2017 except Royal Enfield.

Benami Act violators to face double whammy of legal action: Income Tax Department

Benami Act violators to face double whammy of legal action: Income Tax Department

Fri, Mar 03, 2017

The Income Tax Department on Friday warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to seven years and such violators would also stand to be charged under the Income Tax Act (I-T Act).

China's technology firm LeEco fires 85% employees of Indian unit; may exit from India in next few months

China's technology firm LeEco fires 85% employees of Indian unit; may exit from India in next few months

Fri, Mar 03, 2017

China's technology company LeEco is reported to have fired 85% of its staff in India and may exit from its operations in the country in next few months.

Rs 70,000 crore black money detected so far: Justice Pasayat

Rs 70,000 crore black money detected so far: Justice Pasayat

Fri, Mar 03, 2017

"One of our proposals, on cash holding of Rs 15 lakh or more to be presumed as undisclosed, is under serious consideration of the central government," Justice Pasayat said, adding that on the SIT's recommendation the government has already declared that cash transaction beyond Rs 3 lakh will be treated as illegal and punishable under law.

To discourage cash transactions, HDFC Bank & others begin minimum levy of Rs 150 on cash deposits & withdrawals

To discourage cash transactions, HDFC Bank & others begin minimum levy of Rs 150 on cash deposits & withdrawals

Thu, Mar 02, 2017

To discourage cash transactions and boost the digital payments, banks like HDFC Bank and others have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

Gap between India's GDP and GVA widens further

Gap between India's GDP and GVA widens further

Thu, Mar 02, 2017

Teresa John of Nirmal Bang in a report said, “Our earlier estimates had assumed no significant difference between GVA and GDP as both had exhibited a converging trend in the earlier quarters. However, the CSO believes that higher indirect tax collection and lower subsidies have pushed up the indirect tax component of GDP, resulting in divergence between GVA and GDP. “

GDP numbers: How did cash-dominated sectors perform so well despite demonetisation?

GDP numbers: How did cash-dominated sectors perform so well despite demonetisation?

Thu, Mar 02, 2017

What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.

Banks look to charge withdrawals as cash crunch eases

Banks look to charge withdrawals as cash crunch eases

Thu, Mar 02, 2017

Prime Minister Narendra Modi-led Government is foucssed on making India a less-cash society. In this bid, the government has taken many initiatives to promote digital currency and dissuade citizens from using cash. The latest step in this direction is banks charging customers for withdrawing their own cash.

RBI data show that Indians are rushing to withdraw cash as demonetisation pain eases

RBI data show that Indians are rushing to withdraw cash as demonetisation pain eases

Wed, Mar 01, 2017

HDFC Bank in one of its report said, “With the surge in deposits growth from 9.8% in 1H-FY17 to around 13% in 2H-FY17, commercial banks in India are at the moment flush with liquidity. After a spurt in deposits post-demonetisation, there is now a trend-reversal underway.”

Demonetisation likely to be credit positive for India, Moody's says

Demonetisation likely to be credit positive for India, Moody's says

Wed, Mar 01, 2017

Progress on the pending Goods and Services Tax (GST) reform and Finance Minister Arun Jaitley's 2017 budget speech to parliament both underscore the government's commitment to reform in the wake of demonetisation.

Banks deposits soar 16% but credit fails to grow

Banks deposits soar 16% but credit fails to grow

Wed, Mar 01, 2017

RBI said, "On a year-on-year (y-o-y) basis, aggregate deposits grew at an accelerated pace in all population groups (except in metropolitan areas) and for all bank groups; on the other hand, however, bank credit decelerated across all population groups and bank groups."

India's Q3 GDP numbers may not have recorded true impact of demonetisation

India's Q3 GDP numbers may not have recorded true impact of demonetisation

Wed, Mar 01, 2017

State Bank of India (SBI) in its report said, “The Q3FY17 estimates are crucial in the sense that it should have given the impact of what happened in the economy during those two months of demonetisation.”

India's strong GDP data leaves economists scratching their heads

India's strong GDP data leaves economists scratching their heads

Wed, Mar 01, 2017

The strong data have also reignited the debate about the credibility as well as the quality of the official GDP data.

Demonetisation may lead to lower growth for cement sector, report says

Demonetisation may lead to lower growth for cement sector, report says

Tue, Feb 28, 2017

Analysts at India Ratings said, “The operating profitability of cement manufacturers in FY18 to be around the FY16 and estimated FY17 levels, due to stable demand growth, despite increase in input costs. Demand will be backed by an increase in government expenditure.”

10 lakh bankers go on strike today; will your salary credit be affected?

10 lakh bankers go on strike today; will your salary credit be affected?

Tue, Feb 28, 2017

About 10 lakh bankers have observed one-day strike across India on Tuesday to protest against the government's "anti-people banking reforms" and to press their demands to the government for compensation for the extra work done during the demonetisation period.

Demonetisation impact: Here's what experts say about India's GDP growth

Demonetisation impact: Here's what experts say about India's GDP growth

Tue, Feb 28, 2017

Soon after the announcement of the ban on Rs 500 and Rs 1000 notes, the experts and economists, who were expecting GDP around 7.6% revised the numbers to below 7%.

Magma Fincorp to sell non-performing assets up to Rs 600 crore

Magma Fincorp to sell non-performing assets up to Rs 600 crore

Mon, Feb 27, 2017

The management committee was authorised to take the decision on the proposed NPA sale.

Residential realty likely to witness weak sales, commercial & retail segment to record stable growth in 2017: Care Ratings

Residential realty likely to witness weak sales, commercial & retail segment to record stable growth in 2017: Care Ratings

Mon, Feb 27, 2017

Care Ratings has projected India's residential real estate sector to witness low sales in 2017 on back of buyers waiting for more interest rate cut from the Reserve Bank of India (RBI), deferral of house buying decision among IT professionals, among others.

CSO to unveil Q3 GDP estimate with note ban impact tomorrow

CSO to unveil Q3 GDP estimate with note ban impact tomorrow

Mon, Feb 27, 2017

The First Advance Estimates of National Income, 2016-17, did not take into account the impact of demonetisation.

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