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Latest Articles in cash crunch

British Airways To Put Artworks On Sale In COVID-19 Cash Crunch

The airline has come under fire from British politicians for plans to cut 12,000 jobs.

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Cash, Not Credit, Is The Key

The government must generate demand by putting money into people’s hands. There is pent-up demand among middle-class professionals. Used car sales, for example, are likely to spike by 50 per cent as safety-conscious consumers opt for private transport over Uber/Ola cabs

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Printing Presses Operating 24x7, Generating Rs 500, 200 Notes

The official said that the printing of currency 24x7 was last done post demonetisation when the printing of new Rs 2,000 notes was fast-tracked to meet the liquidity shortage in the market

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Cash Shortage Problem To Be Resolved By Tomorrow: SBI Chief

SBI Chairman said there are certain areas where there is a problem with the running of ATMs and availability of cash of particular denomination

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Note Ban To Spur Economic Activity: Govt

The government's demonetisation move is set to augment the economic growth as interest rates have come down as a result of increased deposits in banks, Parliament was informed on Wednesday

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Restrictions On Cash Withdrawal Likely To Go Away By February-end

With the cash crunch situation easing, the Reserve Bank of India may do away with the weekly withdrawal limits from banks as well as ATMs by the end of next month, bankers said

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Note Ban: Cash Deals Worth Rs 25,000 Crore Move To Digital Mode

Post demonetisation, cash-based transactions worth Rs 25,000 crore have moved to the digital mode, says a survey

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RBI Asks Banks To Supply 40% Of Notes To Rural Areas

To mitigate hardships of poor and marginal farmers due to cash deficit following demonetisation, the Reserve Bank on Tuesday directed banks to distribute at least 40 per cent of currency notes in rural areas

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Restrictions On Cash Withdrawals May Continue Beyond December 30

Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and RBI have not been able to keep pace with the demand of new currency notes

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PM Narendra Modi Promises More Reforms, Says Note Ban Short-term Pain

Prime Minister Narendra Modi on Saturday hinted at unleashing more radical reforms, saying his government will not shy away from taking difficult decisions that are in national interest and admitted the note ban caused "short-term pain"

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RBI Retracts Directive For Lenders To Question Depositors

The Reserve Bank of India on Wednesday rolled back a recent curb on cash deposits that had been put in place just 10 days before the end of the government's demonetisation deadline of December 30

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Cash Crunch To End By Mid-January, Says Amitabh Kant

Cash shortages following the demonetisation of high value currency notes will end by mid-January, NITI Aayog CEO Amitabh Kant on Friday

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Deferred Consumption To Affect State Govts' Tax Revenues, Says Icra

With consumption being affected by the demonetisation of higher currency old notes, tax revenues of the state governments for the current financial year is likely to be weaker than budgeted, according to Icra

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