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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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Fruit, veggie vendors may shut shop as cash crunch continues

Fruit, veggie vendors may shut shop as cash crunch continues

Tue, Dec 13, 2016

Local fruit and vegetable vendors are planning on shutting shop on account of the cash crunch that is prevailing due to the withdrawal of higher denomination currencies.

ED arrests 7 middlemen; seizes Rs 93 lakh new notes in Karnataka

ED arrests 7 middlemen; seizes Rs 93 lakh new notes in Karnataka

Tue, Dec 13, 2016

Unearthing a racket involved in illegal conversion of demonetised notes, the ED has arrested seven alleged middlemen and seized Rs 93 lakh in new currency in Karnataka as part of its money laundering probe.

Support for demonetisation declining among citizens: Survey

Support for demonetisation declining among citizens: Survey

Mon, Dec 12, 2016

36% of respondents rated the scheme as being poorly implemented against only 25% 3 weeks ago.

Discount on petrol, diesel buy via digital mode from midnight

Discount on petrol, diesel buy via digital mode from midnight

Mon, Dec 12, 2016

Petrol is currently sold at Rs 66.10 per litre in Delhi while a litre of diesel costs Rs 54.57.

Carmakers announce price hike in hope of recovering demonetisation sales drop

Carmakers announce price hike in hope of recovering demonetisation sales drop

Mon, Dec 12, 2016

Car companies for over the last three years have been hiking the prices in January to push sales in December. Will it work this year?

Will gold remain most trusted metal after demonetisation?

Will gold remain most trusted metal after demonetisation?

Mon, Dec 12, 2016

With people moving towards 'digitalisation', Kothari believes that sales of only coin on e-commerce sites will shoot up.

Axis Bank calls banking licence report "false"

Axis Bank calls banking licence report "false"

Mon, Dec 12, 2016

On Friday, the Income Tax department had unearthed 44 fake accounts during a raid at an Axis Bank branch.

Mercedes hits currency recall speed bump, lowers sales target

Mercedes hits currency recall speed bump, lowers sales target

Mon, Dec 12, 2016

The automaker always looks for double-digit growth, provided there are no disruptive surprises.

Bajaj Finance's two-wheeler loan collection drop by a fifth in November

Bajaj Finance's two-wheeler loan collection drop by a fifth in November

Mon, Dec 12, 2016

Last month, the passenger car sales stood at 1,73,606 units which was just 495 cars more than the same month of last year.

Is Modi's demonetisation killing Modi's Make in India programme?

Is Modi's demonetisation killing Modi's Make in India programme?

Mon, Dec 12, 2016

Self-advocated PM Narendra Modi's 'Make in India' campaign maybe endangered with his latest move to demonetise higher currency as manufacturers' future investment plans are now looking bleak.

Headed Home: Workers abandon building sites after cash crackdown

Headed Home: Workers abandon building sites after cash crackdown

Mon, Dec 12, 2016

Hundreds of thousands of construction workers have returned home since Prime Minister Narendra Modi abolished high-denomination banknotes, leaving some building sites across the country facing costly delays.

Fortune favoured only a few new cars as demonetisation strikes

Fortune favoured only a few new cars as demonetisation strikes

Mon, Dec 12, 2016

While VW Ameo saw a high 48.8% decline in month-on-month sales during November, Renault Kwid's sales slumped by 19.9%. Even Maruti Suzuki's top selling new car Vitara Brezza posted a 3.4% decline in sales during November. Tata Motors' Tiago saw a smaller 1.6% decline in sales during the month. Datsun RediGo too saw a 37.7% decline in sales.

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.

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.

GST Council meeting commences in the shadow of demonetisation

GST Council meeting commences in the shadow of demonetisation

Sun, Dec 11, 2016

The sixth meeting of the Goods and Services Tax (GST) Council commenced in New Delhi on Sunday in the shadow of demonetisation, whose fallout has put a serious question mark on implementing GST by the central government`s targeted deadline of April 1, next year.

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.

23% Jan Dhan accounts still without balance; deposit surge abates

23% Jan Dhan accounts still without balance; deposit surge abates

Sun, Dec 11, 2016

Despite a huge surge in total deposits in Jan Dhan accounts following demonetisation, about one-fifth of these still continue to have no balance.

Government to amend RBI Act to annul old Rs 500, Rs 1000 currency notes

Government to amend RBI Act to annul old Rs 500, Rs 1000 currency notes

Sun, Dec 11, 2016

The government is likely to amend the Reserve Bank of India (RBI) Act to extinguish the validity of Rs 500 and Rs 1,000 notes printed before November 9 and a reference to this effect would be made in the upcoming Budget 2017-18.

Demonetisation: I-T dept seizes Rs 2.6 crore in new notes among Rs 13.5 crore from raids at Delhi law firm

Demonetisation: I-T dept seizes Rs 2.6 crore in new notes among Rs 13.5 crore from raids at Delhi law firm

Sun, Dec 11, 2016

The total amount of seizure in the raid by the city police at a law firm in southeast Delhi's Greater Kailash-I area on Sunday neared Rs 13.5 crore, of which Rs 2.6 crore was in new banknotes released after demonetisation, a senior police 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.

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