06 Sep 2019
Amid economic slowdown, Anurag Thakur faces embarrassment at auto event
On Friday, Minister of State for Finance Anurag Thakur addressed the slowdown in the auto industry at the Automotive Component Manufacturers Association of India (ACMA) annual summit in New Delhi.
17 Jan 2019
May need more currency as GDP size increasing: RBI official
With the country's Gross Domestic Product (GDP) size increasing in quantitative terms, there could be a need for more currency in the economy, a Reserve Bank of India official said today.
08 Nov 2018
#Demonetization: Who benefited? India or the Modi government?
Two years have passed since Prime Minister Narendra Modi, in an unprecedented move, announced a ban on high-denomination notes.
29 Aug 2018
99.3% of demonetized-notes worth Rs. 15.31-lakh-crore returned to banks: RBI
As many as 99.3% of the old Rs. 500 and Rs. 1,000 notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.
31 Jul 2018
Demonetization: Hyderabad firm that deposited Rs. 3,000cr missing from registered-address
A Hyderabad-based company that suspiciously deposited and withdrew Rs. 3,178cr during demonetization is nowhere to be found at its registered address, TOI reports.
10 Jun 2018
Did demonetization boost Digital-India? Currency with public crosses pre-November'16 levels
There were two prime goals of demonetization- removal of black money and advancing towards a cashless economy.
18 Mar 2018
What is RBI doing with old Rs. 500/1,000 notes?
The demonetized Indian currency notes of denomination Rs. 500 and Rs. 1,000 are being shredded and briquetted before being disposed of through a tendering process, explained the Reserve Bank of India (RBI) in reply to an RTI query.
11 Feb 2018
15 months later, RBI still processing demonetized notes
Fifteen months after demonetization, the RBI is still processing deposited bank notes in an "expedited manner" and doesn't have updated information on the number of demonetized notes.
03 Feb 2018
Trouble for people depositing more than Rs. 15lakh during demonetization
Indians who bank-deposited unaccounted cash over Rs. 15 lakh during demonetization are now under government scanner.
08 Jan 2018
Indian real estate: Should you invest now or not?
2017 was one of the worst phases for India's realty sector; even before it could recover from the Nov'16 demonetization blow, a slew of reforms like Real Estate Regulation Act and GST slowed the business.
18 Dec 2017
#IndiaDecidesOn18th: What's behind BJP's diminished vote-share?
The BJP is all set to win Gujarat with a lead in about 99 seats (2pm).
12 Dec 2017
RTI: Rs. 2000 notes are here to stay
Recently, there were rumors regarding the demonetization of Rs. 2000 notes. To put them to rest, a Pune-based activist, Prafful Sarda filed an RTI. The RTI query clarified the status of Rs. 2000 notes.
10 Dec 2017
Hiring, hikes finally set to improve after demonetization lull
There's good news for employees. The lull in the job sector post demonetization has finally started on an upward trend and is set to continue on the path in 2018.
30 Nov 2017
India's GDP growth surges to 6.3% after months of decline
India's GDP data for the September quarter showed positive trends: growth had surged by 6.3%, signaling the country has shaken off the effects of demonetization and GST rollout.
23 Nov 2017
Bitcoins are the new "black" in real estate post-demonetization
Over the last one year, the value of Bitcoin -the oldest and largest cryptocurrency- has skyrocketed globally.
15 Nov 2017
300% jump in PAN applications since demonetization: CBDT
Despite widespread criticism, demonetization has had some benefits, like a 300% jump in the number of applications received for Permanent Account Numbers (PAN).
15 Nov 2017
Yashwant Sinha: Tughlaq had also implemented the note ban
Senior BJP leader Yashwant Sinha does it again!
11 Nov 2017
#Demonetization: One year on, here's looking at India in numbers
It's been a year since PM Narendra Modi discarded the currency notes of denominations Rs. 500 and Rs. 1000. A lot has happened since then.
09 Nov 2017
Demonetization plays cupid, inspires couple to have cashless wedding
Despite it being an unwelcome struggle for most, demonetization has affected people's lives in several unexpected, unique ways.
08 Nov 2017
Demonetization anniversary: Chidambaram says RBI should release demonetization-related documents
As opposition celebrates "black day," former finance minister P Chidambaram slammed the Modi government for the demonetization move.
08 Nov 2017
Demonetization anniversary: How has India changed in the last year?
This day last year, as citizens were settling down for dinner, PM Narendra Modi dropped a bomb on unsuspecting Indians: Rs. 500/1,000 notes were suddenly dead.
06 Nov 2017
Manmohan Singh: Accept demonetization was a blunder, let's rebuild economy
In an interview to BloombergQuint, former PM Manmohan Singh said that demonetization's impact on the weaker sections is "more damaging" than is indicated by economic indicators.
06 Nov 2017
Demonetization anniversary: I-T gears up to catch the "big fish"
As the demonetization anniversary nears, I-T is actively engrossed in bringing into its net the "big fish" owning unexplained wealth.
06 Nov 2017
Digital transactions have shot up by 77 times since demonetization
PM Modi's demonetization drive may not have been as effective in tackling black money as it intended to, but it has served as a definitive catalyst in pushing India towards being a cashless economy.
05 Nov 2017
AAP to stage nationwide protests on first demonetization anniversary
The Aam Aadmi Party will observe November 8, the day PM Narendra Modi demonetized Rs. 500 and Rs. 1000 currency notes last year, as 'Fraud Day'.
03 Nov 2017
Demonetization: SC disposes petitions seeking permission to deposit notes
The SC today disposed of 14 petitions seeking permission to deposit demonetized notes. Petitioners had submitted they couldn't deposit them in banks within the prescribed deadline (December 31, 2016) due to unavoidable reasons.
02 Nov 2017
Spike in credit card use and outstanding amount after demonetization
Indians are using credit cards a lot more after demonetization. They also collectively owe the banks 39% more money than they did a year ago, the Reserve Bank of India recently revealed.
01 Nov 2017
Rahul: GST, note ban have ruined ease of doing business
The day after World Bank (WB) noted that India's business climate has improved, Congress VP Rahul Gandhi said that demonetization and goods and services tax (GST) have ruined ease of doing business.
29 Oct 2017
RBI is still verifying post-demonetization returned currency
With the first anniversary of the demonetization approaching, the banned notes recovered post-demonetization are still being "processed in all earnest", said the RBI in response to a RTI query.
28 Oct 2017
Demonetization: Number of ATMs fall by 0.16% in rare trend
A new trend in ATMs shows how Indians are going for cashless payments, particularly after demonetization.
25 Oct 2017
BJP plans 'Anti-Black Money Day' on demonetization anniversary
A day after opposition parties announced they would mark November 8, the first anniversary of demonetization, as 'Black Day', Finance Minister Arun Jaitley talked about BJP's planned 'Anti-Black Money Day'.
24 Oct 2017
Forget Black Friday, opposition to protest demonetization on "Black" Thursday
The opposition has decided to mark November 8, demonetization's first anniversary, by observing "Black Day" across the country.
23 Oct 2017
GST, demonetization may impact wedding season: ASSOCHAM report
The Indian economy has slowed down on the back of demonetization and GST. But now that the wedding season is about to start, the ramifications will likely appear with full force.
11 Oct 2017
IMF cuts India's growth forecast, but expects a medium-term recovery
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report trimmed Indian economy's growth forecast to 6.7% from earlier 7.1% citing the disruptions caused by government's decisions of demonetization and introduction of good and services tax (GST).
06 Oct 2017
Several companies owned hundreds of bank accounts during demonetization!
The government has said that 13 banks have furnished information regarding post-demonetization transactions by a whopping 5,800 suspicious companies.
09 Sep 2017
Do you know where your old Rs. 500/1,000 notes are?
Currency in circulation still hasn't reached pre-demonetization levels. Apart from the fact that enough notes haven't been printed yet, there's another reason behind the shortage of currency, one you probably never imagined.
06 Sep 2017
Demonetization: Printing presses add bill worth crores to RBI's losses
RBI has suffered severe losses due to demonetization. Earlier, it said 99% of demonetized Rs. 1,000 notes had returned, thus defeating the whole purpose of the move which was to eradicate black money.