India Demonetisation
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A Decade Of Disruption: PM Modi’s Economic Overhaul And The Road Ahead
As Narendra Modi turns 75, India is more formalised, digital and globally integrated than at any point in its history. The challenge now is to deepen these gains.
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Scrap Gold Supply To Halve As Cash Crunch Bites
Lower scrap supplies could force the south Asian country to raise imports, which will support global prices that are near their lowest level in five-and-a-half months.
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Cash Deposit Rules Tightened Days Before Deadline
Customers with amounts above that level had to provide an identification number known as the permanent account number.
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Note Ban Most Disruptive Policy Innovation Since 1991: Former RBI Chief
Demonetisation is "arguably" leading to a flurry of innovations in Indian financial sector by way of digitisation of payments, Mr Subbarao said.
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After Notes Ban, A New $9 Billion Mystery: Where Did It Come From?
Indians withdrew about 600 billion rupees ($9 billion) more than the 9.1 trillion rupees of currency in circulation as of Jan. 13, according to a report submitted by the Reserve Bank of India to a parliamentary panel on Wednesday.
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Government To Amend RBI Act To Annul Old Rs 500, Rs 1,000 Notes: Report
As part of the demonetisation process, there would be a law to make Rs 500 and Rs 1,000 notes invalid and it can be made effective from March 31, sources said.
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Mercedes Hits Currency Recall Speed Bump, Lowers Sales Target
Mercedes-Benz said it has revised downwards its sales growth target for this year in India from an original double digits to flat, mainly due to impact of demonetisation.
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Enough Currency With RBI To Last Beyond December 30: Arun Jaitley
Asked about the currency in circulation, Jaitley said the figures will be made public only after accurate calculation after December 30, the last date for depositing the scrapped currency in banks.
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RBI Allows Rs 50K/Week Withdrawal From Overdraft Accounts
The Reserve Bank further said the Rs 50,000 withdrawalsmay be disbursed predominantly in Rs 2,000 denomination banknotes.
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70% Of Notes To Be Remonetised By February-End: SBI Research
Roughly 70 million pieces of notes of different denominations are being printed per day at the printing press. This translates into around 1.8 billion pieces per month, said the SBI Research report, released on Friday.
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To Suck Out Excess Bank Deposits, RBI Gets Rs 6 Lakh Crore Tool
According to the latest data released by RBI, banks have reported exchange and deposits amounting to nearly Rs 8.50 lakh crore between November 10 and November 27.
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Demonetisation Hurts Confidence In RBI, Says S&P
The slow replacement of the abolished bills has sparked a shortage of cash that has hit large parts of the economy.
-
RBI Relaxes ATM Daily Withdrawal Limit To Rs 4,500 From Rs 2,500
The central bank also asked banks to ensure that disbursals on ATMs should predominantly be in the denomination of Rs 500.
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Elections 2019: Why Masses Of Jobless Youth May Reduce BJP’s Tally In Uttar Pradesh
Demonetisation ended an uncounted number of jobs and made existing ones less remunerative.
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RBI Board Was Assured Of Readiness Ahead Of Demonetisation
Some directors on the RBI board had raised concerns about demonetisation’s impact on the economy and on certain specific segments.
-
A Decade Of Disruption: PM Modi’s Economic Overhaul And The Road Ahead
As Narendra Modi turns 75, India is more formalised, digital and globally integrated than at any point in its history. The challenge now is to deepen these gains.
-
Scrap Gold Supply To Halve As Cash Crunch Bites
Lower scrap supplies could force the south Asian country to raise imports, which will support global prices that are near their lowest level in five-and-a-half months.
-
Cash Deposit Rules Tightened Days Before Deadline
Customers with amounts above that level had to provide an identification number known as the permanent account number.
-
Note Ban Most Disruptive Policy Innovation Since 1991: Former RBI Chief
Demonetisation is "arguably" leading to a flurry of innovations in Indian financial sector by way of digitisation of payments, Mr Subbarao said.
-
After Notes Ban, A New $9 Billion Mystery: Where Did It Come From?
Indians withdrew about 600 billion rupees ($9 billion) more than the 9.1 trillion rupees of currency in circulation as of Jan. 13, according to a report submitted by the Reserve Bank of India to a parliamentary panel on Wednesday.
-
Government To Amend RBI Act To Annul Old Rs 500, Rs 1,000 Notes: Report
As part of the demonetisation process, there would be a law to make Rs 500 and Rs 1,000 notes invalid and it can be made effective from March 31, sources said.
-
Mercedes Hits Currency Recall Speed Bump, Lowers Sales Target
Mercedes-Benz said it has revised downwards its sales growth target for this year in India from an original double digits to flat, mainly due to impact of demonetisation.
-
Enough Currency With RBI To Last Beyond December 30: Arun Jaitley
Asked about the currency in circulation, Jaitley said the figures will be made public only after accurate calculation after December 30, the last date for depositing the scrapped currency in banks.
-
RBI Allows Rs 50K/Week Withdrawal From Overdraft Accounts
The Reserve Bank further said the Rs 50,000 withdrawalsmay be disbursed predominantly in Rs 2,000 denomination banknotes.
-
70% Of Notes To Be Remonetised By February-End: SBI Research
Roughly 70 million pieces of notes of different denominations are being printed per day at the printing press. This translates into around 1.8 billion pieces per month, said the SBI Research report, released on Friday.
-
To Suck Out Excess Bank Deposits, RBI Gets Rs 6 Lakh Crore Tool
According to the latest data released by RBI, banks have reported exchange and deposits amounting to nearly Rs 8.50 lakh crore between November 10 and November 27.
-
Demonetisation Hurts Confidence In RBI, Says S&P
The slow replacement of the abolished bills has sparked a shortage of cash that has hit large parts of the economy.
-
RBI Relaxes ATM Daily Withdrawal Limit To Rs 4,500 From Rs 2,500
The central bank also asked banks to ensure that disbursals on ATMs should predominantly be in the denomination of Rs 500.
-
Elections 2019: Why Masses Of Jobless Youth May Reduce BJP’s Tally In Uttar Pradesh
Demonetisation ended an uncounted number of jobs and made existing ones less remunerative.
-
RBI Board Was Assured Of Readiness Ahead Of Demonetisation
Some directors on the RBI board had raised concerns about demonetisation’s impact on the economy and on certain specific segments.
