Dubbing Prime Minister Narendra Modi's demonetisation scheme as a "disastrous movement", Congress on Sunday targeted RBI saying people have "lost faith" in the "banking system" Senior Congress leader and party's chief spokesperson Anand Sharma allege
India's central banking institution, the Reserve Bank of India (RBI) has supplied as much as Rs 5.50 lakh crore in new currency to the banking system so far and more currency will be infused in
BJP President Amit Shah has said that the 50-day deadline, ending December 30, was fixed after much "careful planning", and most of the cash crunch woes at ATMs and banks would be over by this deadline. Business in factories will be back to normal in
In a bid to incentivise greater adoption of digital payment methods, the Reserve Bank of India (RBI) has announced special measures to be adopted between January 1 and March 31 next year.
India's information technology sector is one that has escaped the depressing impact that demonetisation has had on economic activity in the country, an IT corporate leader has said.
Rajasthan Police has arrested two Jaipur-based businessmen allegedly with Rs 35 lakh in new currency notes while they were exchanging old notes.
The Income Tax (IT) department on Wednesday seized Rs 2.89 crore in unaccounted cash, mostly in new Rs 2,000 notes, from an upscale apartment at Yeshwanthpura, in northwestern Bengaluru. "Unexplained cash of Rs.2.89 crore,
Even as the Indian economy struggles to cope with the fallout of demonetisation, the production cut announced by the Organisation of Petroleum Exporting Countries may further add to its woes. The Indian basket of crude
With banks already struggling to cope up with bad loans, Centre's shock move to demonetise higher denomination notes has resulted in credit growth plunging by Rs 1 lakh crore in the fortnight that ended November
With the government and the opposition at loggerheads over currency ban, parliament has witnessed near-total disruption in the winter session. Bracing for a showdown in Parliament, the BJP and Congress have instructed their members in
Police on Tuesday evening seized more than Rs. 1 crore in the new currency notes and detained three persons in Thane. Senior police inspector Nitin Thackeray who led the team which seized the notes from
ndia's annual retail inflation eased last month to 3.63 per cent from 4.20 per cent in October and 5.41 per cent reported during the corresponding period last year.
In two separate cases, Maharashtra Police seized Rs 33 lakh cash in Rs 2,000 denomination from Navi Mumbai and Ulhasnagar in Thane Monday evening.
After Prime Minister Narendra Modi’s appeal to promote cashless transactions in the country, the Central Board of Secondary Education (CBSE) has asked all schools affiliated with it to stop accepting student’s fee in cash from January 2017.
BRICS bank President M V Kamath has said that Prime Minister Narendra Modi’s decision to demonetise Rs 100 and Rs 500 notes is likely to fetch the Indian government around Rs 2.5 lakh crore.
The huge cash crunch in the country following Prime Minister Narendra Modi's surprise announcement to demonetise higher currency notes has led to a sharp downfall in guarantee scheme jobs. The number of households getting work
Praising Prime Minister Narendra Modi’s decision of scrapping old notes of Rs 500 and Rs. 1000 notes, Home Minister Rajnath Singh today said notebandi decision has resulted in 'nasbandi' of anti-national elements and hoarders of
At a time when cash crunch gripping the country these days, public sector bank SBI has decided to launch a credit card with a cap of Rs 25,000 for those at the lower strata of
With three-day bank holiday starting today and a majority of ATMs still not functioning, the cash crunch in the country may escalate further leaving residents high and dry for want of cash during the weekend.
The ripples created by unexpected Prime Minister Narendra Modi’s move to demonetise Rs 500 and Rs 1,000 currency notes, continue to be felt across the nation even after a month of its announcement.
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