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Latest Articles in Demonetisation

Demonetisation Resulted In Chaos And Loss Of Trust In Government: Lawrence Summers

Describing the Indian government’s demonetisation steps as the “most sweeping changes in currency policy in the world in decades”, a top global economist on Monday said without new measures, this is “unlikely to have lasting benefits” and that it has resulted in “chaos and loss of trust in the government”.

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Demonetisation | RBI Sets Stringent Conditions For Rs 2.5 Lakh Withdrawal For Weddings

Wedding card, copies of advance payments made for booking marriage hall and caterers will be required for withdrawing Rs 2.5 lakh from own accounts, as per stringent conditions imposed by RBI on either of the parents to meet wedding expenses

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Demonetisation Upped The Digital Wallet Game, But Can It Be Sustained?

With digital wallet payments becoming a popular alternative to cash-based transactions, the crucial question is: Will the digital wallet companies be able to sustain the rush of customers?

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Tackling India's Black Money

The corruption battle cannot be won without people exposing the bureaucrats who possess wealth acquired with unfair means

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How E-commerce And FinTech Players Have Been Fairing Post The Note-Ban

India is a country which has population of 1.25 billion, approximately 660 million debit cards and 25 million credit cards. In theory, the country is almost ready to go cashless, but where it lacks is the point of sales solutions terminals that stand at only 1.5 million

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Banks Get About Rs 5.44 Lakh Crore Worth Of Scrapped Notes

People have exchanged and deposited over Rs 5.44 lakh crore worth of scrapped Rs 500/1,000 notes at different banks till November 18 following demonetisation of the higher denomination currency

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Borrowers Get Additional 60 Days To Repay Loans, Says RBI

In view of cash crunch being faced by borrowers, the RBI on Monday provided additional 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore

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Jewellers Shut Shops For 11th Day After Income Tax Department Survey

Gold and jewellery establishments in the national capital remained shut for the 11th day on Monday after Income Tax Department on November 10 carried out surveys following reports of alleged profiteering and tax evasion by traders as government demonetised high value currency notes

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Government Allows Farmers To Buy Seeds With Old Rs 500 Bills

The Indian government has allowed farmers to purchase seeds with old 500 rupee banknote from state-run outlets, says the finance ministry

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Why Narendra Modi's Demonetisation Move Is Fading Out

The resounding applause received by Prime Minister Narendra Modi for unleashing a self-styled 'surgical strike on black money' through demonetization of currency has started fading out

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'We Knew Our Demonetisation Proposal Had To Be Accepted'

Anil Bokil of ArthaKranti Pratisthan believes the government’s initiatives such as Jan-Dhan Yojana, Direct Cash Transfer, linking of post-offices with retail banking, payment gateways and so on are in tune with the effort of making financial transactions more transparent which certainly result into effective checks on circulation of black money in the economy

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SpiceJet Unveils Rs 737 Offer Under 'Spicy Annual Sale'

SpiceJet is also accepting Rs 500 and Rs 1,000 old currency notes at its airport counters till the midnight of 24 November, but such bookings cannot be cancelled as per government directives

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Illegality In Issuance Of Rs 2,000 Note, Alleges Congress

'Neither prime minister nor finance minister have any legal sanction to prevent and deny people access to their own bank accounts'

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Demonetisation Decision Has No Legal Sanction, Says Congress

'If currency notes are scrapped through a broadcast announcement, what is the credibility of Indian rupee and economy'

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Jaitley Says Queues At Banks Getting Shorter; Long Wait At ATMs Continues

Small businesses suffer losses as government and RBI struggle to manage cash availability across the country

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