1000 Rupees Notes
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Reserve Bank Cleared Notes Ban Less Than 3 Hours Before PM Modi's Speech on Nov 8
The decision to withdraw the legal tender character of the 500 and 1000 rupee notes to the central government was taken at 5:30 p.m. on Nov. 8 at a board meeting, the RBI said in its responses.
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PM Modi's Credibility On The Line As 50-Day Promise Ends
The next real test of the cash shortage fallout will be held through the five assembly elections, including most populous state Uttar Pradesh, expected by April.
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New 1,000 Rupee Note Will Be Introduced, Says Government
The 1,000 rupee notes with enhanced security features and different colour will be reintroduced in a few months, said Economic Affairs Secretary Shaktikanta Das.
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Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
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IMF Welcomes Demonetisation But Calls For 'Prudent Handling'
The IMF today said it supports India's efforts to fight corruption through demonetisation, but noted that the transition needs to be managed "prudently" to minimise any disruption.
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ATMs Go Dry Soon After Opening; Queues Continue At Banks
Many ATMs ran out of cash in couple of hours as there were heavy rush to withdraw lower denomination currency.
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Demonetisation A Masterstroke, Give It Time To Play Out: Industry Body
The CII director general noted that the biggest gain from this move will be greater formalisation of the economy.
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Stranded Trucks, Unpaid Workers: India Inc Looks At Cost Of Cash Crunch
The cancellation of 500 and 1,000 rupee notes, more than 80 percent of currency in circulation, threatens to push Asia's third-largest economy into a liquidity crisis.
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4 Sacks Of Shredded Scrapped Notes Found In Madhya Pradesh
Four sacks full of shredded pieces of scrapped currency notes of Rs 500 and Rs 1,000 denominations were found in a pile of garbage here, police said.
-
Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
-
No Plans To Introduce 5,000, 10,000 Currency Notes: Government
Economic Affairs Secretary Shaktikanta Das had last month said that the government has no plans to re-introduce 1,000 rupee notes.
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Urjit Patel: The Five-Year Twist
What a difference five years can make! Urjit Patel of the 2012 vintage would have been transparent about decision-making.
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Government Notifies Law To Make Banned Note Possession Punishable
The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000.
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RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
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As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
-
Reserve Bank Cleared Notes Ban Less Than 3 Hours Before PM Modi's Speech on Nov 8
The decision to withdraw the legal tender character of the 500 and 1000 rupee notes to the central government was taken at 5:30 p.m. on Nov. 8 at a board meeting, the RBI said in its responses.
-
PM Modi's Credibility On The Line As 50-Day Promise Ends
The next real test of the cash shortage fallout will be held through the five assembly elections, including most populous state Uttar Pradesh, expected by April.
-
New 1,000 Rupee Note Will Be Introduced, Says Government
The 1,000 rupee notes with enhanced security features and different colour will be reintroduced in a few months, said Economic Affairs Secretary Shaktikanta Das.
-
Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
-
IMF Welcomes Demonetisation But Calls For 'Prudent Handling'
The IMF today said it supports India's efforts to fight corruption through demonetisation, but noted that the transition needs to be managed "prudently" to minimise any disruption.
-
ATMs Go Dry Soon After Opening; Queues Continue At Banks
Many ATMs ran out of cash in couple of hours as there were heavy rush to withdraw lower denomination currency.
-
Demonetisation A Masterstroke, Give It Time To Play Out: Industry Body
The CII director general noted that the biggest gain from this move will be greater formalisation of the economy.
-
Stranded Trucks, Unpaid Workers: India Inc Looks At Cost Of Cash Crunch
The cancellation of 500 and 1,000 rupee notes, more than 80 percent of currency in circulation, threatens to push Asia's third-largest economy into a liquidity crisis.
-
4 Sacks Of Shredded Scrapped Notes Found In Madhya Pradesh
Four sacks full of shredded pieces of scrapped currency notes of Rs 500 and Rs 1,000 denominations were found in a pile of garbage here, police said.
-
Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
-
No Plans To Introduce 5,000, 10,000 Currency Notes: Government
Economic Affairs Secretary Shaktikanta Das had last month said that the government has no plans to re-introduce 1,000 rupee notes.
-
Urjit Patel: The Five-Year Twist
What a difference five years can make! Urjit Patel of the 2012 vintage would have been transparent about decision-making.
-
Government Notifies Law To Make Banned Note Possession Punishable
The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000.
-
RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
-
As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
