500- And 1

One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.

The government will decide within two weeks whether those who failed to deposit banned 500- and 1,000-rupee notes can be granted an opportunity to turn in the high-denomination currency.

Consumer price inflation has been below 4 percent since PM Modi's November 8 decision to abolish 500- and 1,000- rupee notes wiped out 86 percent of the currency in circulation, hurting demand in largely cash-based economy.

Prime Minister Narendra Modi used a speech in parliament today to counter the opposition's concerted attack on his abrupt ban of 500- and 1,000-rupee notes. Reserving his strongest barbs for the Congress, the PM said that his government is committed to cleansing the country of corruption, which requires reversing the actions of the Congress. "Ear...

Three hours before Prime Minister Narendra Modi used a television speech to announce that 500- and 1,000-rupee notes would be abolished at midnight, the board of the Reserve Bank of India had cleared the ban.

Urjit Patel, the chief of the Reserve Bank of India, will meet today with a parliamentary committee to answer questions on the central bank's role in clearing and executing the abrupt November decision to ban 500- and 1,000-rupee notes.

Founder and Chief Executive Vijay Shekhar Sharma is pushing himself to extremes because he knows this is a pivotal moment for Paytm (which rhymes with ATM). Two months ago, with no warning, the Indian government said it was scrapping 500- and 1,000-rupee banknotes, in a stroke excising four-fifths of the nation's paper money. The move was designed ...

Last November, Prime Minister Narendra Modi scrapped 500- and 1,000-rupee banknotes as part of a crackdown on tax dodgers and counterfeiters, leaving companies, farmers and households all in pain.

Prime Minister Narendra Modi addressed the nation on New Year's Eve on Saturday as the 50-day deadline to deposit or exchange scrapped 500- and 1,000 rupee notes came to an end.

There were lines at banks across the country on Friday, the last day to deposit the old 500- and 1,000-rupee notes or see them become worthless after the bills were scrapped by Prime Minister Narendra Modi in a bid to fight corruption.

The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...

An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...

Rahul Gandhi's list of questions for Prime Minister Narendra Modi today included how much black or untaxed money has come back into the system since November 8, when 500- and 1,000-rupee notes were banned. "50 days are coming to an end, the PM needs to answer key questions," he said, speaking to reporters on the Congress party's 132nd foundation da...

A day after his widely reported comments on currency ban, Andhra Pradesh Chief Minister and BJP ally Chandrababu Naidu today clarified that he was not opposed to Prime Minister Narendra Modi's ban on 500- and 1,000-rupee notes, but was only expressing his concern about the "suffering of the people".

In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...

One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.

The government will decide within two weeks whether those who failed to deposit banned 500- and 1,000-rupee notes can be granted an opportunity to turn in the high-denomination currency.

Consumer price inflation has been below 4 percent since PM Modi's November 8 decision to abolish 500- and 1,000- rupee notes wiped out 86 percent of the currency in circulation, hurting demand in largely cash-based economy.

Prime Minister Narendra Modi used a speech in parliament today to counter the opposition's concerted attack on his abrupt ban of 500- and 1,000-rupee notes. Reserving his strongest barbs for the Congress, the PM said that his government is committed to cleansing the country of corruption, which requires reversing the actions of the Congress. "Ear...

Three hours before Prime Minister Narendra Modi used a television speech to announce that 500- and 1,000-rupee notes would be abolished at midnight, the board of the Reserve Bank of India had cleared the ban.

Urjit Patel, the chief of the Reserve Bank of India, will meet today with a parliamentary committee to answer questions on the central bank's role in clearing and executing the abrupt November decision to ban 500- and 1,000-rupee notes.

Founder and Chief Executive Vijay Shekhar Sharma is pushing himself to extremes because he knows this is a pivotal moment for Paytm (which rhymes with ATM). Two months ago, with no warning, the Indian government said it was scrapping 500- and 1,000-rupee banknotes, in a stroke excising four-fifths of the nation's paper money. The move was designed ...

Last November, Prime Minister Narendra Modi scrapped 500- and 1,000-rupee banknotes as part of a crackdown on tax dodgers and counterfeiters, leaving companies, farmers and households all in pain.

Prime Minister Narendra Modi addressed the nation on New Year's Eve on Saturday as the 50-day deadline to deposit or exchange scrapped 500- and 1,000 rupee notes came to an end.

There were lines at banks across the country on Friday, the last day to deposit the old 500- and 1,000-rupee notes or see them become worthless after the bills were scrapped by Prime Minister Narendra Modi in a bid to fight corruption.

The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...

An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...

Rahul Gandhi's list of questions for Prime Minister Narendra Modi today included how much black or untaxed money has come back into the system since November 8, when 500- and 1,000-rupee notes were banned. "50 days are coming to an end, the PM needs to answer key questions," he said, speaking to reporters on the Congress party's 132nd foundation da...

A day after his widely reported comments on currency ban, Andhra Pradesh Chief Minister and BJP ally Chandrababu Naidu today clarified that he was not opposed to Prime Minister Narendra Modi's ban on 500- and 1,000-rupee notes, but was only expressing his concern about the "suffering of the people".

In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...