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Latest Articles in Demonetisation

Possession Of More Than 10 Junked Notes Will Attract Fine

However, holding of up to 25 notes is allowed by the government for 'the purposes of study, research or numismatics'

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February Gold Imports Surge On Pent-up Demand: GFMS

India's gold imports had fallen to 27.4 tonnes in February 2016 as buyers postponed purchases in anticipation of a reduction in the import duty in the budget at the time

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Demonetisation To Cut Tax Avoidance, Corruption; Credit Positive: Moody's

Demonetisation will be credit positive for India as it is likely to reduce tax avoidance and corruption, Moody's Investors Service said on Wednesday

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Hard Work More Powerful Than Harvard, Says PM Modi

Mocking economists, Prime Minister Narendra Modi on Wednesday said "hard work is more powerful than Harvard" as the latest GDP data shows demonetisation did not affect growth rate, rather the figures improved

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India Retains Fastest-growing Major Economy Tag Despite PM Modi's Cash Crackdown

Despite expectations of a lower Gross domestic product growth, India's economy performed better than expected at 7 per cent in the third quarter of this financial year

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Strong GDP Data Leaves Economists Scratching Their Heads

The strong data have also reignited the debate about the credibility as well as the quality of the official GDP data

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Banks Stare At Heavy Treasury Losses In Q4 As Yields Soar

Banks have collected around Rs 10 trillion in deposits during the note ban period and expect almost 40 per cent of that fresh deposits to remain with them

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Demonetisation Impact Temporary, Says Shaktikanta Das

The adverse impact on consumption will not spill over to the next quarter, says the Indian economic affairs secretary

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India's Annual Economic Growth Slows To 7 Per Cent In December Quarter

India's annual economic growth slowed to 7.0 per cent in the three months through December from a revised 7.4 per cent expansion in the previous quarter, government data showed on Tuesday

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OECD Cuts India Growth To 7 Per Cent Due To Demonetisation, Says India A Star Performer

Paris-based think tank OECD on Tuesday cut India's growth forecast to 7 per cent for 2016-17 in view of demonetisation, but said the pace will accelerate to 7.3 per cent in the next fiscal

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India Can Grow At Higher Rate; Job Creation Plans Underway, Says FM Arun Jaitley

India has potential to grow faster and plans are underway to reduce poverty and create jobs in rural areas, Finance Minister Arun Jaitley has said, even as he ruled out the country becoming totally 'cashless' immediately

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Firms Fear Lingering Economic Aftershocks From Cash Crackdown

RBI has called the slowdown a transitory phenomenon and expects a sharp rebound in economic growth in the next fiscal year as cash conditions improve

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CSO To Unveil Q3 GDP Estimate With Note Ban Impact On Tuesday

The Central Statistics Office is due to unveil on Tuesday the revised advance estimate for GDP growth for 2016-17 after factoring in the note ban impact in the December quarter

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Digital Payment Can Check Black Money, Graft, Says PM Modi

Digital payment can check black money and play a key role in fighting graft, Prime Minister Narendra Modi said on Sunday as he asked the youth to become an "anti-corruption cadre" as part of the "cleanliness" drive

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Demonetisation A Disaster Of 2016: Chidambaram

On the objective of making India a cashless country, Chidambaram said India cannot become a cashless economy and and there was no reason to go for it

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