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Latest Articles in demonetization
India's 2017 Oil Demand Growth Posts Lowest Gain Since 2013
"Gasoline demand rose 7.4 percent, or 41,000 barrels per day, down from 12 percent growth in 2016 as demand was affected by demonetisation at the start of the year," the bank said
Read MoreChidambaram Takes On Jaitley On Note Ban, Asks If It's 'Ethical' To Let Millions Suffer
Prime Minister Narendra Modi had announced demonetisation of Rs 1,000 and Rs 500 notes as a measure to fight black money, corruption, fake currency and terror funding on this day last year
Read MoreDemonetization Anniversary: Where Smartphone Market Stands After A Year
Almost like every other industry, smartphone industry was also affected during this phase. Let’s see how many smartphones were shipped in India from Q3 2016 to Q3 2017
Read MoreBJP Govt Not Providing Supportive Environment For Growth: P Chidambaram
He referred to demonetisation and introduction of GST as two major disruptions, alleging that they caused a severe setback to the economy as a result of which GDP growth rate dipped every quarter during the last five quarters
Read MoreHad Cautioned Government On Demonetization: Former RBI Chief Raghuram Rajan
Indians returned most of the estimated Rs 15.4 trillion in high-currency bills removed from circulation last year, the RBI said in its annual report
Read More3 Years Of Modi Government | That Masterstroke Called ‘Demonetisation’
On 8 November 2016, Prime Minister Narendra Modi announced that by midnight the official tender of Rs 500 and Rs 1,000 would lose value and become an ordinary piece of paper
Read MoreUN Report Fuels Demonetization Debate, Says Couldn’t Curb India’s Black Money Inflow
A report by the United Nations released this week has once again fueled the debate on demonetization, stating that the move will not curb the black money flow unless accompanied by more initiatives to unearth the undeclared cash
Read MoreDemonetisation: 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
Read MoreDemonetization | Stranded Trucks, Unpaid Workers: India Inc Counts Cost Of Cash Crunch
Supply chains at small, medium and even larger companies are breaking down, underlining just how much corporate India -- not just the shadow economy -- relies on hard cash
Read MorePM Narendra Modi Attacks Mamata Banerjee Over Demonetisation
Prime Minister Narendra Modi on Sunday said political leaders behind multi-crore chit fund scams are attacking him as they have been hit hard by demonetisation, in remarks seen as sharp attack on West Bengal Chief Minister Mamata Banerjee
Read MoreSuspect Cash: Income Tax Department Warns Violators Will Face Maximum 7 Years Jail
Warning people against depositing their unaccounted old currency in someone else's bank account, the tax department has decided to slap charges under the newly enforced Benami Transactions Act against violators that carries a penalty, prosecution and rigorous jail term of a maximum seven years
Read MoreDemonetisation: I-T Notices To Those Depositing Huge Cash
Acting swiftly, the Income Tax department has issued hundreds of notices seeking "source" of funds from individuals and firms who have deposited huge amounts of cash in banks using the scrapped Rs 500 and Rs 1000 currency notes after November 8
Read MoreLong Queues Outside ATMs; Line For Bank Withdrawal Eases Up
People on Saturday continued to queue up outside ATMs with hopes of getting cash, while those opting for bank withdrawal had a tad smooth run as banks offered exchange service of scrapped currencies only to their respective customers
Read MoreDemonetisation: Banks May Allow Cash Withdrawal For Marriage From Next Week
Banks may allow withdrawal of Rs 2.5 lakh by the families with upcoming weddings from next week only after receiving operational guidelines from the RBI, even though the Centre announced the relaxation earlier this week
Read MoreParliament Stalled For Second Day Over Demonetisation
Parliament was stalled for the second consecutive day on Friday due to ruckus by Congress-led opposition parties which were demanding in Lok Sabha a debate on monetisation under a rule that entails voting and presence of Prime Minister Narendra Modi in Rajya Sabha for resumption of discussion on the issue
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