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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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Economic Survey: Has the government spread enough JAM across India?

Economic Survey: Has the government spread enough JAM across India?

Tue, Jan 31, 2017

Jan Dhan, Aadhaar, Mobile have been in focus for a period of two years now and it was one of the central themes of last year’s economic survey.

Demonetisation to impact banks' asset quality: Fitch

Demonetisation to impact banks' asset quality: Fitch

Tue, Jan 31, 2017

Stressed-asset ratio for Indian bank predicted to increase to 12% for the current fiscal earlier, is expected to go up further.

Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh

Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh

Mon, Jan 30, 2017

Former prime minister and Congress leader Manmohan Singh on Monday released a document stating that the Indian economy is not in good shape.

RBI withdraws ATM cash limit from Feb 01

RBI withdraws ATM cash limit from Feb 01

Mon, Jan 30, 2017

While ATM cash withdrawal limit will be ending from February 01, 2017. However bank at their discretion can have their own operating limits as was the case before November 08, 2016, stated RBI.

India's credit growth projected to remain weak in range of 5-6% in FY17: ICRA

India's credit growth projected to remain weak in range of 5-6% in FY17: ICRA

Mon, Jan 30, 2017

ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

Mon, Jan 30, 2017

Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.

HDFC Q3 today; will demonetisation impact loan growth?

HDFC Q3 today; will demonetisation impact loan growth?

Mon, Jan 30, 2017

Analysts at Kotak Institutional Equities said, "We expect moderation in HDFC’s loan growth, 15% growth in AUMs (asset under management) as compared to 17% in 2QFY17. NIM will expand due to lowering of bulk borrowing costs. We do not expect any major rise in NPLs."

Jan Dhan deposits rose Rs 29,000 crore in month post-note ban

Jan Dhan deposits rose Rs 29,000 crore in month post-note ban

Mon, Jan 30, 2017

Deposits in Jan Dhan accounts have grown by more than 50% since the demonetisation announcement.

Himalya International unhurt by note ban, clocks 80% growth in December quarter

Himalya International unhurt by note ban, clocks 80% growth in December quarter

Sun, Jan 29, 2017

Himalya International Ltd, a diversified food processing company, today said the "tumultuous phase" of demonetisation did not have any impact on the firm as it posted an 80 per cent growth in the December quarter against the corresponding period a year ago.

Tax dept leans on 'Big Data' to mark out multiple PAN holders

Tax dept leans on 'Big Data' to mark out multiple PAN holders

Sun, Jan 29, 2017

To plug tax loopholes, the I-T department will use Big Data analytics to track down evaders by collecting information such as common address, mobile number and e-mail to establish relationship between their multiple PANs.

RBI may push back AQR exercise by few months on Demonetisation impact

RBI may push back AQR exercise by few months on Demonetisation impact

Sun, Jan 29, 2017

The Reserve Bank is expected to extend the deadline for asset quality review (AQR) of lenders by a few months because of the unusual situation in the financial sector following demonetisation, bankers said.

Trumponomics, cash ban take Foreign Portfolio Invt outflow to Rs 5,600 crore in Jan

Trumponomics, cash ban take Foreign Portfolio Invt outflow to Rs 5,600 crore in Jan

Sun, Jan 29, 2017

Foreign investors have pulled out a little over Rs 5,600 crore from the Indian capital market so far this month, concerned about "lower prospects" of economic growth compared with other emerging markets.

L&T Q3 net up 39% at Rs 972 crore, company says note ban 'a disruptor'

L&T Q3 net up 39% at Rs 972 crore, company says note ban 'a disruptor'

Sat, Jan 28, 2017

Larsen & Toubro (L&T), which today reported a 38.85 % jump in its consolidated net profit at Rs 972 crore for the December quarter, said the government's "cashless economy" efforts have caused "disruption" and its impact on business is yet to be assessed.

Movement towards digital transactions to continue: Modi

Movement towards digital transactions to continue: Modi

Sat, Jan 28, 2017

Prime Minister Narendra Modi on Saturday said India would continue moving towards digital transactions to make the country a less cash society -- an initiative following the spiking of old 500 and 1,000 rupee notes.

Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates

Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates

Fri, Jan 27, 2017

IT companies expect the government to announce support for research and development (R&D) practices, Digital India, tax rebates and concessions for new-age technological innovations, among others in Budget 2017.

Budget 2017: Infra, housing to be in focus; see top stock picks

Budget 2017: Infra, housing to be in focus; see top stock picks

Fri, Jan 27, 2017

Analysts believe that this Union Budget 2017 will focus on reviving infrastructure and housing sector to offset the impact of demonetisation.

Rural wage growth defies demonetisation, rises to 7.3% in November: Nomura

Rural wage growth defies demonetisation, rises to 7.3% in November: Nomura

Fri, Jan 27, 2017

India's nominal rural agricultural wages growth rises to 7.3% in November on the back of hike in minimum wages announced by the government in September last year.

From reviving consumption to creating jobs: These are 5 key themes of Modi's Budget 2017

From reviving consumption to creating jobs: These are 5 key themes of Modi's Budget 2017

Fri, Jan 27, 2017

Budget 2017 will be based on five key themes right from reviving the capex cycle, rural economy to creating jobs.

Enrolment doubled post demonetisation; 111 crore Indians now have Aadhaar numbers

Enrolment doubled post demonetisation; 111 crore Indians now have Aadhaar numbers

Fri, Jan 27, 2017

111 crore out of 125 crore Indians now have Aadhaar numbers, Ravi Shankar Prasad, Minister of Electronics & IT and Law & Justice said in New Delhi today.

Colgate Palmolive's Q3 net profit declines by 23%

Colgate Palmolive's Q3 net profit declines by 23%

Fri, Jan 27, 2017

Issam Bachaalani, Managing Director at Colgate-Palmolive (India) said, “In the awake of the liquidity crunch during the quarter, we took proactive measures to support our business partners to ensure ease of business. We extended credit to our customers, provided additional incentives, accelerated processing of trade claims and advanced payments to our supply chain partners to address liquidity issues.”

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