Banks Demonitisation
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P Chidambaram Slams Centre Over RBI Report On Demonetisation
Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.
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'Shame On RBI': P Chidambaram On Figures Post Notes Ban
Former finance minister P Chidambaram today used the Reserve Bank of India figures to lash out at it, saying one per cent of the demonetised notes not coming back to the central bank was a "shame on RBI".
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'Government Looking For Math Tutor': Rahul Gandhi Takes Swipe At Centre
The Congress took a swipe at the government for the central bank still counting currency notes banned last year, with Rahul Gandhi suggesting that the government needed lessons in mathematics. Former Finance Minister P Chidambaram too wondered why the bank wanted to buy more currency counting machines when it could lease them.
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Stock Of Rs 500, Rs 2000 Notes Was Ready Before Note Ban: RBI Governor Urjit Patel
The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.
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After Delhi, Now Fake Rs 2,000 Note Comes Out Of SBI ATM In Uttar Pradesh
Just days after fake Rs 2,000 notes were dispensed from a State Bank of India ATM in Delhi, the counterfeit notes have returned to haunt the government-run bank. On Thursday evening, at an SBI ATM in Uttar Pradesh's Shahjahanpur, a man was shocked to receive a scanned copy of a Rs 2,000 note.
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Tax Department Labels 9 Lakh Accounts Under Operation Clean Money 'Doubtful'
The Income-Tax department has placed nearly half of the 18 lakh people, already under its scanner for suspicious bank deposits post cash-ban, in the 'doubtful' category, but stopped short of taking any action against them till the new tax amnesty scheme ends on March 31.
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1 Crore New Jan Dhan Accounts Since Notes Ban, But Many Still Unpaid
Over 1 crore Jan Dhan accounts have been opened since the notes ban came into effect on November 9. The deposits since have also doubled to over 87,000 crores and the tax department is scrutinising the data. Yet, many workers without bank accounts could not be paid.
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Banned Notes: Holders Of Overseas Indian Citizen Cards Express Concern
Many PIOs or persons of Indian Origin and OCIs or Overseas Citizens of India were under the impression that they could exchange their old currency until the end of March. But they were in for a shock when they realised that only NRIs were allowed to do so.
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Rs 9 Lakh Crore Already Back In System Post Notes Ban: SBI Chairman
State Bank of India (SBI) chairman Arundhati Bhattacharya on Thursday said that about Rs 9 lakh crore of close to Rs. 13 lakh crore, which was out of the economic system, has already come back post notes ban.
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Parliamentary Panel Summons RBI Chief Urjit Patel, Seeks Explanation On Notes Ban
A parliamentary committee probing the government's decision to scrap Rs 500, 1,000 bank notes, has sent the Reserve Bank of India governor Urjit Patel a list of questions on the demonetisation process and asked him to appear before it on Jan 20.
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P Chidambaram Slams Centre Over RBI Report On Demonetisation
Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.
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'Shame On RBI': P Chidambaram On Figures Post Notes Ban
Former finance minister P Chidambaram today used the Reserve Bank of India figures to lash out at it, saying one per cent of the demonetised notes not coming back to the central bank was a "shame on RBI".
-
'Government Looking For Math Tutor': Rahul Gandhi Takes Swipe At Centre
The Congress took a swipe at the government for the central bank still counting currency notes banned last year, with Rahul Gandhi suggesting that the government needed lessons in mathematics. Former Finance Minister P Chidambaram too wondered why the bank wanted to buy more currency counting machines when it could lease them.
-
Stock Of Rs 500, Rs 2000 Notes Was Ready Before Note Ban: RBI Governor Urjit Patel
The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.
-
After Delhi, Now Fake Rs 2,000 Note Comes Out Of SBI ATM In Uttar Pradesh
Just days after fake Rs 2,000 notes were dispensed from a State Bank of India ATM in Delhi, the counterfeit notes have returned to haunt the government-run bank. On Thursday evening, at an SBI ATM in Uttar Pradesh's Shahjahanpur, a man was shocked to receive a scanned copy of a Rs 2,000 note.
-
Tax Department Labels 9 Lakh Accounts Under Operation Clean Money 'Doubtful'
The Income-Tax department has placed nearly half of the 18 lakh people, already under its scanner for suspicious bank deposits post cash-ban, in the 'doubtful' category, but stopped short of taking any action against them till the new tax amnesty scheme ends on March 31.
-
1 Crore New Jan Dhan Accounts Since Notes Ban, But Many Still Unpaid
Over 1 crore Jan Dhan accounts have been opened since the notes ban came into effect on November 9. The deposits since have also doubled to over 87,000 crores and the tax department is scrutinising the data. Yet, many workers without bank accounts could not be paid.
-
Banned Notes: Holders Of Overseas Indian Citizen Cards Express Concern
Many PIOs or persons of Indian Origin and OCIs or Overseas Citizens of India were under the impression that they could exchange their old currency until the end of March. But they were in for a shock when they realised that only NRIs were allowed to do so.
-
Rs 9 Lakh Crore Already Back In System Post Notes Ban: SBI Chairman
State Bank of India (SBI) chairman Arundhati Bhattacharya on Thursday said that about Rs 9 lakh crore of close to Rs. 13 lakh crore, which was out of the economic system, has already come back post notes ban.
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Parliamentary Panel Summons RBI Chief Urjit Patel, Seeks Explanation On Notes Ban
A parliamentary committee probing the government's decision to scrap Rs 500, 1,000 bank notes, has sent the Reserve Bank of India governor Urjit Patel a list of questions on the demonetisation process and asked him to appear before it on Jan 20.
