Demonitisation Rbi
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Demonetisation Achieved Its Objectives Quite Substantially: Government
The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives "quite substantially", even as the RBI report outlined that 99.3 per cent of junked notes came back to banks.
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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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'Dialogue Shouldn't Be Governed By Idiocracy': Raghuram Rajan On Trolls
Former RBI Governor Raghuram Rajan had recently stated that he was never in favour of demonetisation and had warned the government about the repercussions.
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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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Consider More Time For Changing Old Notes, Says Supreme Court
The Supreme Court asked the Central government and the RBI to consider granting people, with a legitimate reason, more time to to deposit old Rs 500 and 1,000 notes.
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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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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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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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NRIs Can Deposit Old Rs 500, 1,000 Notes Till June 30
Indians living abroad will be able to exchange old Rs 500 and Rs 1,000 notes at RBI offices till June 30, the External Affairs Ministry announced today.
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Protests At RBI Office In Kolkata Against Notes Ban
The Trinamool Congress and Left parties held separate protests outside the Reserve Bank of India office in Kolkata today as RBI Governor Urjit Patel held meetings inside.
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Issued Rs. 4.27 Lakh Crore Notes Post Notes Ban: Reserve Bank Of India
RBI on Thursday said that currency notes worth over Rs 4.27 lakh crore have been issued to public through banks and ATMs following the demonetisation of old high value bills.
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Demonetisation: Queues Get Shorter At Banks, No Respite At ATMs
In the wake of certain restrictions on money exchange norms by the government, chaos and rush at banks eased but the situation did not quite improve at ATMs as people were still seen waiting in long queues to withdraw valid currency notes.
-
Demonetisation Achieved Its Objectives Quite Substantially: Government
The government today said demonetisation of high-value currency notes in November 2016 achieved the objectives "quite substantially", even as the RBI report outlined that 99.3 per cent of junked notes came back to banks.
-
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.
-
'Dialogue Shouldn't Be Governed By Idiocracy': Raghuram Rajan On Trolls
Former RBI Governor Raghuram Rajan had recently stated that he was never in favour of demonetisation and had warned the government about the repercussions.
-
'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.
-
Consider More Time For Changing Old Notes, Says Supreme Court
The Supreme Court asked the Central government and the RBI to consider granting people, with a legitimate reason, more time to to deposit old Rs 500 and 1,000 notes.
-
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.
-
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.
-
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.
-
NRIs Can Deposit Old Rs 500, 1,000 Notes Till June 30
Indians living abroad will be able to exchange old Rs 500 and Rs 1,000 notes at RBI offices till June 30, the External Affairs Ministry announced today.
-
Protests At RBI Office In Kolkata Against Notes Ban
The Trinamool Congress and Left parties held separate protests outside the Reserve Bank of India office in Kolkata today as RBI Governor Urjit Patel held meetings inside.
-
Issued Rs. 4.27 Lakh Crore Notes Post Notes Ban: Reserve Bank Of India
RBI on Thursday said that currency notes worth over Rs 4.27 lakh crore have been issued to public through banks and ATMs following the demonetisation of old high value bills.
-
Demonetisation: Queues Get Shorter At Banks, No Respite At ATMs
In the wake of certain restrictions on money exchange norms by the government, chaos and rush at banks eased but the situation did not quite improve at ATMs as people were still seen waiting in long queues to withdraw valid currency notes.
