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Note Ban

Don't believe fake news! Rs 2000 notes printing stopped? Currency to be banned? Here is truth

Don't believe fake news! Rs 2000 notes printing stopped? Currency to be banned? Here is truth

Mon, Mar 16, 2020

The Modi government on Monday made it clear that no decision has been taken to discontinue printing of Rs 2,000 banknotes, and state-owned SBI and Indian Bank are reconfiguring ATMs for Rs 500 and Rs 200 notes.

Demonetisation: Revealed! Who placed government's proposal to ban Rs 500, Rs 1000 notes before RBI Board?

Demonetisation: Revealed! Who placed government's proposal to ban Rs 500, Rs 1000 notes before RBI Board?

Wed, Mar 13, 2019

Demonetisation, Note Ban: The government's proposal to ban Rs 500 and 1000 notes was placed by the then RBI Deputy Governor Rama Subramaniam Gandhi before its board, which resolved to back the move in "larger public interest" though some directors raised concerns about short-term negative impact

Demonetisation threw up political, economic puzzles: Arvind Subramanian

Demonetisation threw up political, economic puzzles: Arvind Subramanian

Mon, Dec 10, 2018

Subramanian, currently teaching at Harvard Kennedy School, and here for the launch of his book "Of Counsel: The Challenges of the Modi-Jaitley Economy", published by Penguin, referred to the chapter "The Two Puzzles of Demonetisation -- Political and Economic".

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Demonetisation a massive, draconian, monetary shock: Arvind Subramanian

Demonetisation a massive, draconian, monetary shock: Arvind Subramanian

Thu, Nov 29, 2018

Breaking his silence on the November 8, 2016 decision of PM Modi, Arvind Subramanian says that he does not have a strongly-backed empirical view apart from the fact that the welfare costs, especially on the informal sector, were substantial.

GST, note ban fail to dent monthly registration of companies

GST, note ban fail to dent monthly registration of companies

Tue, Jan 30, 2018

Total number of companies registered in the country as of December 31, 2017, stood at 1,720,682

Startups look for booster dose in Union Budget

Startups look for booster dose in Union Budget

Wed, Jan 24, 2018

Startups feel many things left to be done by the government for them as they often hit the regulatory roadblocks under the heavy hand of archaic laws

Modi says 'development' top agenda for Budget, bats for simultaneous polls

Modi says 'development' top agenda for Budget, bats for simultaneous polls

Sat, Jan 20, 2018

PM Narendra Modi, in an exclusive interview with Zee News editor Sudhir Chaudhary yesterday, said that his government’s only agenda for the Budget is development.

Realty sector seeks infra status, tax rationalisation in upcoming Budget

Realty sector seeks infra status, tax rationalisation in upcoming Budget

Mon, Jan 15, 2018

Extending infra status to the sector will help developers raise funds at lower rates and, in turn, reduce their project costs

Electoral bonds to help government check black money in political funding

Electoral bonds to help government check black money in political funding

Wed, Jan 03, 2018

This move is aimed to make the political funding more transparent as presently all the funding are in the name of anonymous cash donations.

Banks yet to pay CITs Rs 25 crore for note ban period, says CLA

Banks yet to pay CITs Rs 25 crore for note ban period, says CLA

Wed, Dec 13, 2017

The Cash Logistics Association (CLA) Secretary General U S Paliwal said that these companies provided additional services for evacuating old Rs 500 and Rs 1,000 notes from ATMs across the country and recalibration of about 1.5 lakh ATMs to dispense new notes of Rs 2,000 and Rs 500.

RBI study claims major drop in cash payments after note-ban

RBI study claims major drop in cash payments after note-ban

Sat, Nov 25, 2017

The government had on November 8 last year surprisingly cancelled all the banknotes in the Rs 1,000 and 500 denominations, which was around 86% of the money in circulation, with multiple objectives.

300% jump in PAN applications post note ban: CBDT

300% jump in PAN applications post note ban: CBDT

Wed, Nov 15, 2017

There was a 300 per cent jump in the number of applications for PAN (Permanent Account Number) post demonetisation, the CBDT said today.

Note ban anniversary: RBI says still verifying returned notes

Note ban anniversary: RBI says still verifying returned notes

Sun, Oct 29, 2017

Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said.

'Weak investment demand bigger challenge than GST, noteban'

'Weak investment demand bigger challenge than GST, noteban'

Wed, Sep 06, 2017

India's economic activity lost momentum in the June quarter and critics blamed GST as well as demonetisation for the slip, but its weak investment demand that is a bigger challenge, experts say.

Demonetisation may have hurt more than it helped

Demonetisation may have hurt more than it helped

Sat, Sep 02, 2017

It will take time for the economists to figure out whether the fall in the growth rate to 5.7 per cent is the result of the disruption caused by demonetisation and the Goods and Services Tax (GST), but most of the common people will see a connection between the two steps and a slowing down of the

Nearly 99% of all demonetised Rs 1,000 notes returned, RBI says

Nearly 99% of all demonetised Rs 1,000 notes returned, RBI says

Wed, Aug 30, 2017

All but 1.4 per cent of the old Rs 1,000 notes have come back into the banking system post demonetisation, the Reserve Bank said today.

Post note ban, why were new Rs 500 notes late in coming?

Post note ban, why were new Rs 500 notes late in coming?

Sun, Aug 13, 2017

Here are some facts about the printing and other factors that went into the making of the new Rs 500 currency note as given by top officials involved in the issue.

Demonetisation cut cash in economy by 20%: Economic Survey-II

Demonetisation cut cash in economy by 20%: Economic Survey-II

Sat, Aug 12, 2017

Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.

RBI to procure 50 note verifying machines

RBI to procure 50 note verifying machines

Sun, Jul 30, 2017

As per the Request for Proposal (RFP), the machines should be computer based and microprocessor controlled and capable of processing, counting, sorting and authenticating banknotes into 'fit for circulation', 'unfit for circulation', 'reject notes', 'suspect/forged notes', and 'emission-wise sorting on design and series', among other categories.

I-T Department unearths income of Rs 5,400 crore post-note ban

I-T Department unearths income of Rs 5,400 crore post-note ban

Sat, Jul 22, 2017

"During the period from November 9, 2016 to January 10, 2017, more than 1,100 searches and surveys were conducted by the I-T Department apart from issuing more than 5,100 verification notices in the cases of suspicious high value cash deposits or related activities," Minister of State for Finance Arjun Ram Meghwal told the Lok Sabha.

Delhi ahead Mumbai by Rs 21,000 crore in deposits after demonetisation move

Mon, Jun 12, 2017

Watch this segment to know the full story behind post-demonetisation collection. Mumbai behind Delhi in money collection.

83% currency remonetised so far: Reserve Bank of India

83% currency remonetised so far: Reserve Bank of India

Wed, Jun 07, 2017

Kanungo admitted that there could be shortage in some areas but said RBI is monitoring the situation on a regular basis and has made enough arrangements to replenish cash.

India seen staying fastest growing major economy in Jan-March quarter: Reuters poll

India seen staying fastest growing major economy in Jan-March quarter: Reuters poll

Mon, May 29, 2017

he median forecast from a poll of 35 economists showed the Indian economy grew 7.1 percent annually in the first three months of this year. Forecasts ranged from 6.5 to 7.8 percent.

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