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Latest Articles in demonetization

Supreme Court Refuses To Stay Government's Demonetisation Notification

The Supreme Court on Tuesday refused to stay the government's notification demonetising Rs 500 and Rs 1,000 currency notes but asked it to spell out the steps taken to minimise public inconvenience

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SBI Gets Deposits Of Rs 83,702 Crore In Five Days

State Bank of India on Monday said it has collected Rs 83,702 crore in deposits in the last five days following the government's decision to demonetise the old Rs 500 and Rs 1,000 notes

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Government Sets Up Task Force To Expedite Recalibration Of ATMs

Government has set up a task force under the chairmanship of RBI Deputy Governor S S Mundra to ensure that ATMs across the country are ready to dispense higher denomination notes in the shortest time

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Demonetisation: PM Narendra Modi Takes On Opposition, Says The Poor Are With Him

Asserting that the poor in the country are supporting his demonetisation decision, Prime Minister Narendra Modi on Monday took on the opposition parties, especially Congress, saying it is the corrupt who are sleepless now

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Government Announces New Measures To Increase Supply Of Cash

The government announced new measures on Monday to ease the cash crunch faced by millions after the government's decision last week to abolish large denomination notes to try and uncover billions of dollars in undeclared wealth

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Rs 500, Rs 1,000 Currency Notes Valid For Key Utility Payments Till November 24

With banks struggling to cope with rush to get alternative currency, the government has extended use of old defunct Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24

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Banks Closed On Monday; Queues Get Longer At ATMs

With banks closed in many parts of the country, cash-strapped people started making beeline outside ATMs from early morning but with limited success as most of cash vending machines are running dry

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Government Raises Cap On Bank Cash Withdrawal To Ease Public Anger

The Narendra Modi-led government increased the limit on cash withdrawals from bank accounts to calm public anger as millions of people clamoured for new rupee bills after a shock abolishment of large denomination notes

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More Projects Lined Up To Finish Corruption, Ready To Face Consequences, Says PM Modi

In a direct attack on the opposition United Progressive Alliance, Prime Minister Narendra Modi said 'those who were involved in the coal scam, 2G scam and other scams, now have to stand in queues to exchange Rs 4,000'

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Currency Printing Presses Running At Full Capacity, Says RBI

Currency printing presses are running at "full capacity" to sustain demand for new notes, RBI said on Saturday, while asking people to switch to other modes of payment such as debit and credit cards to reduce strain on bank branches

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FM Arun Jaitley Regrets Inconvenience, Urges Patience In Changing Notes

Amid rising anger among people across India over exchanging the scrapped currency, Finance Minister Arun Jaitley on Saturday regretted hardships caused due to withdrawal of high denomination notes but advised the public to be patient as the move will have larger benefits for the economy in long term

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PM Narendra Modi Hints At More Action To Unearth Black Money

Hinting at more action to unearth black money, Prime Minister Narendra Modi on Saturday said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes

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Anger Rising As Banks Slow To Dispense Cash To Millions

Anger was rising across India on Saturday as banks struggled to dispense cash after the government withdrew large denomination notes in a shock move aimed at uncovering billions of dollars of unaccounted wealth hidden from the taxman

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Chaos Grows, Queues Get Longer At Banks, ATMs On Weekend

Banks and ATMs on weekend witnessed more chaos and even longer queues as cash-starved people jostled to exchange and withdraw money, even as cash dispensing machines went dry soon after they were stocked due to heavy rush

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Government Extends Concessions: Rs 500, Rs 1,000 Notes Valid For Key Utilities Till Nov 14

With banks struggling to cope with rush to get alternative currency, the government on Friday night extended use of old defunct 500 and 1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores by another 72 hours to November 14

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