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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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Demonetisation: Banks to use indelible ink to ensure people change cash only once

Demonetisation: Banks to use indelible ink to ensure people change cash only once

Tue, Nov 15, 2016

Under the so-called demonetisation scheme, people are allowed to exchange up to 4,500 rupees once only.

Paytm records 700% increase in overall traffic, crosses 50 million downloads

Paytm records 700% increase in overall traffic, crosses 50 million downloads

Tue, Nov 15, 2016

Paytm on Monday said its overall traffic has increased by 700% with over 1000% growth in the amount of money added to its account after the government’s demonetisation move.

Demonetisation aftermath: No charges on ATM transactions till December 30

Demonetisation aftermath: No charges on ATM transactions till December 30

Tue, Nov 15, 2016

In yet another move to lessen woes of people facing cash crunch, the RBI directed banks to waive ATM charges on all transactions done by savings bank customers till December 30.

Fears of ''fake'' new notes: Some quick ways to identify authenticity

Fears of ''fake'' new notes: Some quick ways to identify authenticity

Mon, Nov 14, 2016

While the Rs 2,000 note`s paper is in magenta, the Rs 500 note is in stone gray.

RBI told banks to recaliberate ATMs with Rs 100-notes before demonetisation

RBI told banks to recaliberate ATMs with Rs 100-notes before demonetisation

Mon, Nov 14, 2016

In anticipation of the huge demand for lower currency notes, ahead of the demonetisation move, the Reserve Bank of India (RBI) had asked banks to set up Automated Teller Machines which dispensed only Rs 100 notes.

Demonetisation: RBI to set up task force for recalibration of ATMs

Demonetisation: RBI to set up task force for recalibration of ATMs

Mon, Nov 14, 2016

As per RBI, re-calibration of ATMs involves multiple agencies – banks, ATM manufacturers, NPCI, Switch Operators.

10 more days to use Rs 500, 1000 notes at Govt hospitals, petrol pumps

10 more days to use Rs 500, 1000 notes at Govt hospitals, petrol pumps

Mon, Nov 14, 2016

Finance Ministry on Sunday late night said that old currencies of Rs 500 and Rs 1,000 denominations will be accepted for another 10 days at government hospitals, petrol pumps and toll booths. Exchange of these notes at specified places was earlier allowed only up till November 11.

Axis Bank sees reduction in lending rates post demonetisation

Axis Bank sees reduction in lending rates post demonetisation

Sun, Nov 13, 2016

Domestic ratings agency Icra has said that it expects a 0.03-0.10 per cent dip in the cost of deposits in the near to medium term because of the surge. This reduction can be passed on to borrowers through a cut in the marginal cost of funding based lending rate.

Demonetisation to impact small firms, rural demand: Tata Steel

Demonetisation to impact small firms, rural demand: Tata Steel

Sun, Nov 13, 2016

"So it could have a significant positive impact on the long products business for the integrated or bigger players," Tata Steel India and South East Asia Managing Director T V Narendran said in an investor call last week.

Govt looking into sudden spurt in Jan Dhan account deposits

Govt looking into sudden spurt in Jan Dhan account deposits

Sat, Nov 12, 2016

Finance Minister Arun Jaitley said law enforcement agencies are keeping a hawk eye on illegal currency changers.

Demonetisation aftermath: Jan Dhan accounts being used to convert black money

Demonetisation aftermath: Jan Dhan accounts being used to convert black money

Sat, Nov 12, 2016

More than 25 crore accounts created under the Jan Dhan scheme for below the poverty line families are being used to convert black money.

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.

PM Modi warns of more steps on black money, if required

PM Modi warns of more steps on black money, if required

Sat, Nov 12, 2016

In a stern warning to black money hoarders he said that there could be more steps taken to curb black money if needed.

Demonitisation aftermath: Chaos grows, queues get longer at banks, ATMs on weekend

Demonitisation aftermath: Chaos grows, queues get longer at banks, ATMs on weekend

Sat, Nov 12, 2016

Virually every bank and ATM in India is seen filled with people and long queues snaking as people jostle to exchange or deposit Rs 500 and Rs 1,000 notes that have been demonetised.

Paytm acquires Shopsity to strengthen offline retailer network

Paytm acquires Shopsity to strengthen offline retailer network

Fri, Nov 11, 2016

The move comes after the company is looking to boost its offline network with the government's decision to demonetise old Rs 500 and Rs 1,000 notes just two days back.

Demonetisation: I-T conducts raids in Delhi, Mumbai, other cities

Demonetisation: I-T conducts raids in Delhi, Mumbai, other cities

Thu, Nov 10, 2016

Finance Minister Arun Jaitley today assured people that taxman will not hound those making small deposits.

Residential property sales and prices to fall: Fitch on demonetising notes

Residential property sales and prices to fall: Fitch on demonetising notes

Thu, Nov 10, 2016

Following the news, the real estate sector was majorly hit.

Demonetisation decision will help fight economic terrorism:MEA

Demonetisation decision will help fight economic terrorism:MEA

Thu, Nov 10, 2016

Welcoming the decision to demonetise Rs 500 and Rs 1000, a top External Affairs Ministry official on Thursday said it will go a long way in fighting "economic terrorism" by checking use of black money for funding "subversive activities".

Demonetisation of Rs 500 and 1,000 currency welcome: JD(U)

Demonetisation of Rs 500 and 1,000 currency welcome: JD(U)

Wed, Nov 09, 2016

The Centre's decision to do away with Rs 500 and Rs 1000 currency notes from midnight Tuesday to fight against black money was welcomed by the Janata Dal United JD (U) on Wednesday.

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