Cash Crunch In India
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Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
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Desperate Families Sell Gold Ahead Of Diwali To Cope With Covid Cash Crunch
In Mumbai's jewellery bazaar, Kavita Jogani gingerly places her wedding bangles on the shopkeeper's scales, one of the thousands of Indians parting with their most cherished asset -- gold.
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"Sitting On 1 Lakh Crores, But Can't Be Business As Usual": SBI Chairman
As concerns mount over a cash crunch in the economy, State Bank of India Chairman Rajnish Kumar said he has at least Rs 1 lakh crore to lend for investments. The Chairman of the country's biggest lender was responding to questions on whether banks' reluctance to lend was contributing to the slowdown.
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Madhya Pradesh Spends On Ministers' Bungalows As Anganwadis Risk Shutdown
A cash crunch may have put 20,000 critical child-care centres at risk of shutting down in Madhya Pradesh but when it comes to the facelift and renovation of the ministers' bungalows, government funds are flowing freely.
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In 180-Degree On Notes Ban, Agriculture Ministry Cites "Mistake": Sources
Days after the Agriculture Ministry confidently arrived at a conclusion that the overnight notes ban in November 2016 led to a cash crunch and hurt farmers, it has now come up with a new assessment that says exactly the opposite.
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Government Fights Rupee Drop, Cash Crunch In Coordinated Policy Moves
The government upped the ante in its efforts to restore investor confidence, with the RBI taking measures to ease liquidity for lenders a day after the centre raised import tariffs to support the battered rupee.
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Paytm Bets on Local Expertise to Fend Off Rivals
Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.
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"UN At Risk Of Running Out Of Cash", Warns United Nations Chief
The United Nations is at risk of running out of cash, the UN chief has warned, urging member states to pay their mandatory contributions on time and in full to ensure that the world body can continue to deliver on its key mandates.
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Amid Cash Crunch, Rs 14.48 Crore Seized From Hoarders Across India
The Income Tax Department has seized Rs 14.48 crore in cash during raids at multiple locations, including in poll-bound Karnataka, in the wake of recent cash crunch in the country, officials said today.
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Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
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Printing Press Running 24X7 To Offset Cash Crunch: Official
The government has speed up currency note printing and is running all its four presses round-the-clock, an officer said today amid ATMs running dry in many parts of the country. This week, the note printing presses have been minting out Rs 500 and Rs 200 notes without a break to meet an estimated Rs 70,000 crore of currency shortfallm, he said
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Amid Cash Crunch, Kanpur Traders Pray To 'ATM Deva' In Special Aarti. Watch
On Wednesday, Kanpur's Ghanta Ghar Chauraha was filled with sounds of hymns and bells as a group of shopkeepers gathered to perform a special aarti (prayer). The prayer wasn't for an auspicious festival but out of necessity as the traders turned to the powers-that-be to seek relief from the ongoing cash crunch in some parts of the country.
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Ghost Of Note-Ban Haunts Government, RBI: P Chidambaram
Former finance minister P Chidambaram on Wednesday attacked the government and the RBI over the acute cash crunch in the country and said the ghost of demonetization has come back to haunt them.
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PM Modi "Solely Responsible" For Cash Crunch: Congress
The Congress alleged that Prime Minister Narendra Modi was "solely responsible" for the cash crunch in the country, claiming that it was a result of his notes ban decision.
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Rs 200, Rs 500 Note Printing Stopped Due To Ink Shortage: Union Leader
Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.
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Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
-
Desperate Families Sell Gold Ahead Of Diwali To Cope With Covid Cash Crunch
In Mumbai's jewellery bazaar, Kavita Jogani gingerly places her wedding bangles on the shopkeeper's scales, one of the thousands of Indians parting with their most cherished asset -- gold.
-
"Sitting On 1 Lakh Crores, But Can't Be Business As Usual": SBI Chairman
As concerns mount over a cash crunch in the economy, State Bank of India Chairman Rajnish Kumar said he has at least Rs 1 lakh crore to lend for investments. The Chairman of the country's biggest lender was responding to questions on whether banks' reluctance to lend was contributing to the slowdown.
-
Madhya Pradesh Spends On Ministers' Bungalows As Anganwadis Risk Shutdown
A cash crunch may have put 20,000 critical child-care centres at risk of shutting down in Madhya Pradesh but when it comes to the facelift and renovation of the ministers' bungalows, government funds are flowing freely.
-
In 180-Degree On Notes Ban, Agriculture Ministry Cites "Mistake": Sources
Days after the Agriculture Ministry confidently arrived at a conclusion that the overnight notes ban in November 2016 led to a cash crunch and hurt farmers, it has now come up with a new assessment that says exactly the opposite.
-
Government Fights Rupee Drop, Cash Crunch In Coordinated Policy Moves
The government upped the ante in its efforts to restore investor confidence, with the RBI taking measures to ease liquidity for lenders a day after the centre raised import tariffs to support the battered rupee.
-
Paytm Bets on Local Expertise to Fend Off Rivals
Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.
-
"UN At Risk Of Running Out Of Cash", Warns United Nations Chief
The United Nations is at risk of running out of cash, the UN chief has warned, urging member states to pay their mandatory contributions on time and in full to ensure that the world body can continue to deliver on its key mandates.
-
Amid Cash Crunch, Rs 14.48 Crore Seized From Hoarders Across India
The Income Tax Department has seized Rs 14.48 crore in cash during raids at multiple locations, including in poll-bound Karnataka, in the wake of recent cash crunch in the country, officials said today.
-
Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
-
Printing Press Running 24X7 To Offset Cash Crunch: Official
The government has speed up currency note printing and is running all its four presses round-the-clock, an officer said today amid ATMs running dry in many parts of the country. This week, the note printing presses have been minting out Rs 500 and Rs 200 notes without a break to meet an estimated Rs 70,000 crore of currency shortfallm, he said
-
Amid Cash Crunch, Kanpur Traders Pray To 'ATM Deva' In Special Aarti. Watch
On Wednesday, Kanpur's Ghanta Ghar Chauraha was filled with sounds of hymns and bells as a group of shopkeepers gathered to perform a special aarti (prayer). The prayer wasn't for an auspicious festival but out of necessity as the traders turned to the powers-that-be to seek relief from the ongoing cash crunch in some parts of the country.
-
Ghost Of Note-Ban Haunts Government, RBI: P Chidambaram
Former finance minister P Chidambaram on Wednesday attacked the government and the RBI over the acute cash crunch in the country and said the ghost of demonetization has come back to haunt them.
-
PM Modi "Solely Responsible" For Cash Crunch: Congress
The Congress alleged that Prime Minister Narendra Modi was "solely responsible" for the cash crunch in the country, claiming that it was a result of his notes ban decision.
-
Rs 200, Rs 500 Note Printing Stopped Due To Ink Shortage: Union Leader
Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.
