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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".

TRENDING NOW

Service sector still facing demonetisation impact, Nikkei PMI drops in April

Service sector still facing demonetisation impact, Nikkei PMI drops in April

Thu, May 04, 2017

The seasonally adjusted Nikkei India Composite PMI Output Index was down from 52.3 to 51.3 in April, and therefore signalled only a slight rate of expansion.

Q4 results likely to show recovery as note-ban woes fade

Q4 results likely to show recovery as note-ban woes fade

Mon, Apr 10, 2017

Jeffries said that the markets are likely already factoring in potential upward revision in consensus earnings in 2017-18.

Exchange of up to Rs 4,500 in old notes allowed in Nepal: RBI

Exchange of up to Rs 4,500 in old notes allowed in Nepal: RBI

Mon, Mar 27, 2017

The Indian government`s November 8 move to demonetise Rs 500 and 1,000 bank notes has caused inconvenience to many Nepalis, especially daily-wage earners and labourers working in India.

Uday Kotak wants govt to bring 'animal spirits' out of India Inc

Uday Kotak wants govt to bring 'animal spirits' out of India Inc

Sun, Mar 26, 2017

The only capital expenditure taking place was driven by public sector units and the government.

RBI refuses to answer on note conversion deadline, why?

RBI refuses to answer on note conversion deadline, why?

Sun, Mar 26, 2017

It had also refused to allow access to minutes of the meetings held to decide on the issue of demonetisation of Rs 1,000 and Rs 500 notes.

Note ban may have affected current account deficit, says SBI Research

Note ban may have affected current account deficit, says SBI Research

Sun, Mar 26, 2017

"Net travel has registered the incremental increase of USD 1,469 million in the quarter, which is an all-time high (at least since 2000-01)," the report said.

Note ban opens up new channels of corruption: Economist

Note ban opens up new channels of corruption: Economist

Sun, Mar 19, 2017

Kurz pointed out that whoever was informed about the demonetisation policy ahead of its introduction (sort of insider trading) could have used the information and laundered money.

Two-wheeler sales to close FY17 with 7-8% growth: Report

Two-wheeler sales to close FY17 with 7-8% growth: Report

Mon, Mar 13, 2017

The note ban-induced liquidity crisis has resulted in sales falling 11.3% between November and January. The conversion to BS-IV emission norms, which is coming into effect from April, also resulted in some inventory correction taking place across OEMs from February.

'Biscuit industry yet to recover from note ban impact'

'Biscuit industry yet to recover from note ban impact'

Sun, Mar 12, 2017

The inclusion of low-priced glucose, milk and marie biscuits in GST will lead to shutting down of about 240 biscuit factories, warn manufacturers.

Domestic tractor manufacturers to register 16 to 18% sales growth in FY17: Crisil

Domestic tractor manufacturers to register 16 to 18% sales growth in FY17: Crisil

Tue, Mar 07, 2017

Crisil Research on Tuesday said domestic tractor manufacturers are projected to record 16 to 18% growth in sales of tractors for FY17 on account of revival of sales due to good monsoon which offset the impact of demonetisation on demand in the second half of the fiscal.

SC notice to Centre, RBI over cash deposit deadline

SC notice to Centre, RBI over cash deposit deadline

Tue, Mar 07, 2017

During the hearing, the bench observed: "Despite postulations, no individual has been permitted to deposit after December 31, 2016."

India's strong GDP data leaves economists scratching their heads

India's strong GDP data leaves economists scratching their heads

Wed, Mar 01, 2017

The strong data have also reignited the debate about the credibility as well as the quality of the official GDP data.

Cash source of black money generation: Piyush Goyal

Cash source of black money generation: Piyush Goyal

Sat, Feb 25, 2017

Declaring that he felt disappointed about the happenings in the chartered accountant profession that he himself was earlier part of, Goyal reminded the gathering about what Finance Minister Arun Jaitley had said on the aim of demonetisation.

Income Tax department to go easy on up to Rs 5 lakh deposits by 70-plus people

Income Tax department to go easy on up to Rs 5 lakh deposits by 70-plus people

Wed, Feb 22, 2017

"There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in bank accounts between November 8 and December 30, 2016. Very clear thresholds have been set for tax department to take up deposits for verification. I repeat, it is for verification and not scrutiny or assessment," a senior Finance Ministry official said.

Note ban punches holes in Q3 results; Cos hopeful of 'gains'

Note ban punches holes in Q3 results; Cos hopeful of 'gains'

Sun, Feb 19, 2017

An analysis of the latest-quarter results of listed firms shows that the government's ambitious exercise of withdrawing old Rs 500/1,000 notes led to adverse impact on businesses across the sectors, though not many have publicly criticised the move and the likes of Rajiv Bajaj are only an exception.

Banks look for insurance as cyber threats increase

Banks look for insurance as cyber threats increase

Sun, Feb 19, 2017

According to insurance industry reports, cyber crimes are growing at 40-50% annually globally. Similarly, global cyber risk insurance premium stood at $ 3.5 billion in 2016, which was only $ 2.5 billion in 2015, amply indicating growing incidents of cyber crimes across the world.

Income Tax dept categorizes 9 lakh bank accounts as doubtful citing transactions during note ban

Income Tax dept categorizes 9 lakh bank accounts as doubtful citing transactions during note ban

Fri, Feb 17, 2017

Income Tax dept categorizes 9 lakh bank accounts as doubtful citing transactions during note ban. Watch complete news story of News @ 7:00 PM to get the detailed news updates!

Note ban negative for auto asset backed loan in short-term: Moody's

Note ban negative for auto asset backed loan in short-term: Moody's

Mon, Feb 13, 2017

Moody's Investors Service on Monday said that the government's demonetisation decision will have negative impact on the performance of Indian auto asset backed loans in the short-term and the effect will last until March.

Demonetisation 'biggest scam of 2016': Chidambaram

Demonetisation 'biggest scam of 2016': Chidambaram

Sun, Feb 12, 2017

"I am sorry to make the prediction that 2016-17 will end with growth (rate) between 6 and 6.5 per cent, a good one per cent down from the earlier estimate and that means a hit of Rs 1.5 lakh crore on GDP. The GDP this year is Rs 150 lakh crore, so one per cent hit is Rs 1.5 lakh crore," Chidambaram said at a function here today.

Note ban was reason Raghuram Rajan left: Chidambaram

Note ban was reason Raghuram Rajan left: Chidambaram

Sat, Feb 11, 2017

"They (government) made it so difficult for Rajan to continue and, in retrospect it appears, one of the reason he was made to leave. They wanted to demonetise currency and Raghu was opposed it," Chidambaram said.

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