Days after the central government asked banks to waive the merchant discount rate (MDR) or transaction fee charged on debit card payments until 31 December, bankers on Friday said that such a move would only increase their losses.
Former Prime Minister Manmohan Singh today came down heavily on the central government once again over demonetisation drive.
Even after the 50-day deadline of Prime Minister Narendra Modi to end post-demonetisation hardships, the BJP would not like to revert to the pre-November 8 times of 'cash transactions', said a party spokesperson on Thursday.
As many as 70 percent of respondents in a survey conducted last month agree that Prime Minister Narendra Modi’s demonetisation initiative can help curb corruption in the long term.
Facing hardship post Central government’s demonetisation move, a major banking sector union on Thursday asked the RBI to supply adequate cash to nationalised bank branches and ATMs or stop cash transactions, otherwise they may resort
With Parliament witnessing continuous adjournments due to uproar by opposition parties over demonetisation drive, President Pranab Mukherjee today said that the ‘disruption of the Parliament is not acceptable at all’.
Facing a flask from opposition parties, including the Congress, over demonetisation, Prime Minister Narendra Modi today said that Centre’s this move will benefit farmers, traders, labourers and middle-class families in long run. PM Modi posted
The central government today said that the cash inflows into Jan Dhan accounts have come down significantly after it warned people not to allow their accounts to be misused for converting black money into white.
Leading industry chamber Assocham’s President Sunil Kanoria on Thursday said that Prime Minister Narendra Modi’s demonetisation move has started showing up its negative effect as people are now losing their jobs.
Opposition parties, including the Congress, today accused the BJP-led NDA government of "shameless conduct" by refusing to mourn the death of over 100 persons due to hardships caused by demonetisation.
95 per cent of around 2.2 lakh Automated Teller Machines (ATMs) in India have been re-calibrated to dispense the new Rs 500 and Rs 2,000 notes.
The Congress-led opposition parties today staged a ‘black day’ protest near Gandhi statue in the Parliament against the government’s demonetisation policy.
The Reserve Bank of India (RBI) today informed that almost demonetised Rs 500 and Rs 1,000 notes worth 12 lakh crore have been deposited into banks since November 8, the day the demonetisation decision was announced.
The Ministry of External Affairs (MEA) today said that the letter of Russian Ambassador to India over the cash crunch has been referred to the Department of Economic Affairs, Ministry of Finance, and assured that all problems will be taken care of.
Contrary to reports anticipating a windfall gain for the government, Revenue Secretary Hasmukh Adhia has said that the government expects the entire scrapped currency notes of Rs 500 and Rs 1,000 to come back to the banking system, following which th
Finance Minister Arun Jaitley today dared the Opposition to begin the debate over demonetisation, an issue that has rocked Parliament since the Winter Session began on November 16.
A former West Bengal BJP leader along with six others were arrested with bundles of new Rs 2,000 notes worth Rs 33 lakh from here.
Prime Minister Narendra Modi today condemned the opposition parties for creating an impasse and obstructing a debate on major reforms including demonetisation in Parliament.
The Reserve Bank of India (RBI) today kept the key lending rates at 6.25 per cent during the last monetary policy review of the calendar year 2016. The reverse repurchase rate now also automatically stands lowered to 5.75 per cent.
Cash and jewellery worth Rs 130 crore have been seized and Rs 2,000 crore of undisclosed wealth has been admitted by taxpayers after demonetisation.
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