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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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Food Tech, Hyperlocal Grocery witness significant growth in online payments in Nov: RedSeer

Food Tech, Hyperlocal Grocery witness significant growth in online payments in Nov: RedSeer

Sat, Dec 03, 2016

After the Government of India demonetised old banknotes of Rs 500 and Rs 1,000, Food Tech and Hyperlocal Grocery sectors have witnessed a significant growth in their online transactions in November on account of their dependency on cashless transactions, said a Bengaluru-based research and adviso

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

Sat, Dec 03, 2016

Dispelling rumours that Finance Minister Arun Jaitley was unaware of demonetisation, Power Minister Piyush Goyal on Saturday said he knew it and kept it as secret despite being "very friendly and open".

RuPay card usage jumps nearly 119% in first week of demonetisation

RuPay card usage jumps nearly 119% in first week of demonetisation

Sat, Dec 03, 2016

RuPay card usage jumped by over 118.6% in the week following demonetisation that took effect from November 8 mid-night while the overall debit and credit card transactions recorded an increase of 70.5%.

Rs 2.5 lakh crore won't come back into banking system: SBI

Rs 2.5 lakh crore won't come back into banking system: SBI

Sat, Dec 03, 2016

State Bank of India (SBI) has estimated that money worth Rs 2.5 lakh crore may not come back into the banking system post demonetisation of high-value notes. On November 8, the government banned old banknotes of Rs 500 and Rs 1,000 worth over Rs 14 lakh crore from the economy.

RBI to announce monetary policy decision on December 7

RBI to announce monetary policy decision on December 7

Sat, Dec 03, 2016

The Reserve Bank of India (RBI) will come out with monetary policy review, the first after demonetisation of old Rs 500 and Rs 1,000 notes, on Wednesday amid expectations of interest rate cut.

RBI may hike interest rate by 50 bps on December 7: HDFC's Keki Mistry

RBI may hike interest rate by 50 bps on December 7: HDFC's Keki Mistry

Sat, Dec 03, 2016

At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may increase the main interest rate by 50 basis points (bps), feels Keki Mistry, Vice Chairman and CEO of HDFC.

Cash crunch to ease by December 30; no GST delay: Arun Jaitley

Cash crunch to ease by December 30; no GST delay: Arun Jaitley

Sat, Dec 03, 2016

Indian Finance Minister Arun Jaitley said on Friday that a cash crunch following the scrapping of high-value banknotes would ease by December 30 with the release of new Rs 500 and Rs 2,000 notes.

RBI seen cutting rates as demonetisation rattles economy: Reuters poll

RBI seen cutting rates as demonetisation rattles economy: Reuters poll

Sat, Dec 03, 2016

The Reserve Bank of India (RBI) is expected to cut interest rates next week and economists are set to chop growth and inflation forecasts after Prime Minister Narendra Modi`s currency crackdown rattled the economy and severely hurt consumption, a Reuters poll showed.

Cap on cash withdrawal a decision beyond judicial review: High Court

Cap on cash withdrawal a decision beyond judicial review: High Court

Fri, Dec 02, 2016

The judges dismissed the petition on the ground that it was "devoid of merit" as there were "no restrictions" for operating the bank account by "non-cash transactions".

Here's why automobile sector largely escaped demonetisation blues in November

Here's why automobile sector largely escaped demonetisation blues in November

Fri, Dec 02, 2016

Passenger vehicles sales in November of many automobile companies saw a double-digit growth despite the demonetisation impact.

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.

Queues outside banks, ATMs were expected, says FM Jaitley

Queues outside banks, ATMs were expected, says FM Jaitley

Fri, Dec 02, 2016

Speaking at an event in New Delhi, Finance Minister, Arun Jaitley on Friday said that queues outside banks and ATMs were factored in while making plans to ban higher denomination currency.

Income Tax Raid? Your gold worth 500 grams per lady, 250 grams for unmarried lady and 100 grams per man is safe

Income Tax Raid? Your gold worth 500 grams per lady, 250 grams for unmarried lady and 100 grams per man is safe

Fri, Dec 02, 2016

In a statement, Meenakshi J Goswami, I-T Commissioner and Spokesperson of the Central Board of Direct Taxes (CBDT), clarified that jewellery bought from disclosed income will not be taxed under existing or proposed amended provisions.

Government wants Aadhaar-enabled payment to replace debit, credit cards

Government wants Aadhaar-enabled payment to replace debit, credit cards

Fri, Dec 02, 2016

The Unique Identification Authority of India has planned to increase biometric authentication capacity through Aadhaar to 40 crore a day from 10 crore to encourage more use of the platform for realising a cashless society.

Hero MotoCorp says November sales fall after demonetisation

Hero MotoCorp says November sales fall after demonetisation

Fri, Dec 02, 2016

The company said, "... saw a drop in retail sales after the demonetisation initiative when the entire industry also witnessed decline in sales."

Bajaj Auto November sales decline 13%

Bajaj Auto November sales decline 13%

Fri, Dec 02, 2016

The company said that its domestic sales dropped 12% with exports falling maximum (17%), at 97,992 units. Domestic two-wheeler sales stood at 1,39,765 units as against 1,52,663 units in the same month of last year.

Despite demonetisation Maruti Suzuki, Toyota post double digit sales growth in November

Despite demonetisation Maruti Suzuki, Toyota post double digit sales growth in November

Thu, Dec 01, 2016

While companies such as Maruti Suzuki India, Toyota, Tata Motors and Renault saw a double digit growth in sales in November, auto companies say that they have been seeing an impact of

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.

India's growth will touch new heights after demonetisation, GST: FM Jaitley

India's growth will touch new heights after demonetisation, GST: FM Jaitley

Thu, Dec 01, 2016

Speaking on the GST, he said the law has to be implemented latest by September 16, 2017.

Almost 90% ATMs re-caliberated but cash crunch still prevails

Almost 90% ATMs re-caliberated but cash crunch still prevails

Thu, Dec 01, 2016

Nearly 90 % of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes, says a key maker of the machines even as millions of people continue to face acute cash shortages in the aftermath of demonetisation last month.

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