No plans to introduce currencies of new denomination: RBI
March 27, 2017 6:50 ISTThe Reserve Bank of India currently has no plans of introducing new denomination currencies, a senior RBI official said on Sunday.
The Reserve Bank of India currently has no plans of introducing new denomination currencies, a senior RBI official said on Sunday.
The sudden discovery of Rs 96,500 cash in demonetised notes left by their late mother has created a difficult situation for an orphan brother-sister duo here.
Describing demonetisation as an attempt 'akin to striking a rock with an egg', eminent Austrian economist Heinz D Kurz has said it is 'much too weak and misdirected an instrument' to root out corruption.
Minister of State for Civil Aviation Jayant Sinha on Monday said the government's demonetisation decision has led to a dramatic improvement in India's economic landscape.
The Supreme Court on Monday sought response from the Centre and the RBI on a plea alleging that people were not being allowed to deposit demonetised currency notes till March 31 as promised.
An umbrella body of nine bank unions has called a day-long strike to protest the government’s “anti-people banking reforms” and to press for compensation to employees for extra work done on account of demonetisation and booking loan defaulters.
Economic Affairs Secretary Shaktikanta Das on Wednesday said that there are no plans to introduce new series of Rs 1,000 notes. "No plans to introduce Rs 1,000 notes. Focus is on production and supply
Former Bihar Chief Minister and Rashtriya Janta Dal (RJD) supremo Lalu Prasad Yadav on Wednesday termed Prime Minister Narendra Modi a "dangerous man" and cautioned people to be wary of him.
Providing clarity on scrutiny of deposits made in banks post demonetisation, the Central Board of Direct Taxes (CBDT) on Monday said that no questions will be asked about deposits of up to Rs 2.5 lakh
As many as 156 senior officials of various state-owned banks have been suspended and 41 transferred after they were found involved in irregularities related to demonetisation, Parliament was informed today.
Economic Survey for 2017 presented on Tuesday said though India's lower middle class and rural population may have been the worst hit by move, black money holders also suffered in the process.
the Income Tax department on Monday said it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under the newly enforced Benami Transactions Act which attracts a heavy penalty and rigorous jail term of a maximum 7 yea
Total deposits in Jan Dhan accounts surged by nearly Rs 29,000 crore in the period of a month since the November 8 announcement demonetising high value currency notes, according to the latest official data released here.
Bharatiya Janata Party (BJP) President Amit Shah on Sunday said the upcoming assembly elections in Uttar Pradesh "would not be a referendum on demonetisation policy, but if the opposition wanted to play it that way, then the BJP was game for it".
Global credit rating agency Fitch Ratings on Friday said demonetisation has had a negative impact on repayment of Indian auto loans and that it would take a couple of months for collections to come back to normal levels.
Forty-nine percent of the more than 100,000 respondents in a survey ahead of the Union budget for 2017-18 said the government should reduce taxes to minimise the impact of demonetisation.
The IMF has said India's demonetisation would have limited impact on Nepal as it projected a 5.5 percent growth rate for the Himalayan country in the current fiscal year.
Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.
In an attempt to encourage poor and illiterate people in rural areas to make digital payments, the government is promoting Aadhaar Pay which ensures financial transactions by just using fingerprint.
India's young adult population is increasingly at a higher risk of lifestyle diseases such as diabetes, heart disease, obesity, blood -pressure, stress and hyper-tension. Several companies that provide services in the preventive healthcare space have
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