Demonetisation has severely hit the under-the-counter lending business with interest rates dropping to 5 per cent from as high as 30 per cent in the grey market. The real estate business, which is also used
In an attempt to check the misuse of the exchange facility and reduce long queues at bank branches, the government has directed banks to use indelible inks over the counters to exchange Rs 500 and
The Reserve Bank of India and head offices of most commercial banks have not instructed banks to demand photocopies of customer's id proof for exchange of currency notes rather the customers only need to present
In a major clampdown on black money, Prime Minister Narendra Modi on October 8 demonetised Rs 500 and Rs 1000 notes, sending flutters down the Indian economy. The move, with all its noble intentions, has
In a bid to deal with instances of the same people turning up to exchange currency notes in queues outside banks adding to the heavy rush, the government has now decided to use indelible ink on the exchanger’s finger to stop him/her from multiple exc
In yet another attempt to lessen the woes of cash crunched people, the Reserve Bank of India (RBI) today directed all the banks to waive ATM on all transactions done by savings bank customers till
Prime Minister Narendra Modi yesterday asked the nation to give him 50 days time to bring back the economic flow following his sudden demonetisation move. But, if the rate at which fresh currency is being
Taking into account the hardships faced by millions of Indians post the demonetisation move, the government today resorted to provide slight relief to the citizens standing in bee lines of ATMs and banks. In the
In what may come as a relief for people post the demonetisation move, the new Rs 500 notes were issued by the government on Sunday. The Currency Note Press (CNP), Nashik, has already dispatched new
Hitting back at Tata Sons, the ousted chairman Cyrus Mistry today said that questioning independence of directors at group firms was "truly unfortunate". "Country acknowledges these independent directors as stalwarts of India Inc, suggestion that
Bearing the brunt of angry customers questioning delays in changing the demonetised currency notes, the employees of banks across the country are also having to pay the price of scrapping of Rs 500/1,000 notes as
The Reserve Bank of India's original proposal was to issue high-value new currency notes in the denominations of Rs 5000 and Rs 10,000, but the Centre finally decided to go in for Rs 2000 currency
With a specific end goal to full fill individual demands for new notes, India's central banking institution Reserve Bank of India (RBI) on Saturday said money printing presses are running at "full limit". The central
Finance minister Arun Jaitley today appealed the citizens to have patience and not rush to the banks and ATMs to get their work done. Aware that the level of the operation is foreseen, he said
For the convenience of the common people, who are facing hardships after the demonetisation of big currency notes, the government of India today extended the use of old Rs 500 and Rs 1,000 notes till
The State Bank of India (SBI) today reported deposits worth Rs 53,000 crore till mid-day as the result of scrapping of Rs 500/1,000 notes by the Modi government. The bank also said that it has
Tata Motors today informed the stock exchanges that it has received a notice from shareholders representing 26-per cent of the voting rights for the removal of Chairman Cyrus Mistry and Independent Director Nusli Wadia from
India and Japan today signed the civil nuclear agreement during Prime Minister Narendra Modi's visit to Tokyo, the Indian External Affairs Ministry said. "A landmark deal for a cleaner, greener world! PM @narendramodi and PM
Popular routes such as Delhi, Mumbai, Chennai are set to become little expensive as government has decided to impose levy up to Rs 8,500 per flight on Friday. The levy amount would be for an
Afghanistan on Thursday welcomed and supported Prime Minister Narendra Modi’s decision to demonetise Rs 500 and Rs 1,000 notes, saying the move will benefit the region. Afghan Ambassador to India Shaida Abdali said the move
Top News
Latest News
