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Indian insurer ICICI Lombard's initial public offering of shares to raise as much as 57 billion rupees ($888.40 million) was fully subscribed early on the last day of the sale on Tuesday. (Reuters file Image of stock broker used for representational purpose only)
ICICI Lombard IPO gets fully subscribed, bidding ends later on Tuesday

As of 0515 GMT, the sale had received bids 1.03 times the number of shares on offer, according to data from the BSE and the National Stock Exchange.

19 Sep 2017

Former RBI Governor Raghuram Rajan |AP
Hard to figure out the actual impact of demonetisation, especially on the informal sector: Raghuram Rajan

He reiterated that he had told the government in early 2016 that the short-term consequences of the note-ban exercise would outweigh the long-term benefits.

06 Sep 2017

Image used for representational purpose only. | Reuters
Snapdeal board approves Flipkart's USD 950 million takeover offer: Sources

Online marketplace Snapdeal has accepted Flipkart's revised takeover offer of up to $950 million, two sources told Reuters.

26 Jul 2017

Image used for representational purpose only.
Book explores spectrum of demonetisation in detail

Eminent names from the political and the academic world explore the entire spectrum of demonetisation in a new book.

06 Jul 2017

Reserve Bank of India . (File photo)
Govt allows banks, post offices and co-ops to deposit old bank notes with RBI

India's cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by Nov. 14

21 Jun 2017

A man holds 2000 Indian rupees notes as he gets out of a bank in Mumbai.(Photo | Reuters)
Growth recovery ahead; policy rates to be on hold in June: Report

GDP growth is expected to slow to 7.2 per cent in January-March from 7.6 per cent in the preceding quarter, but recovery is on the cards due to easier financial conditions.

30 May 2017

Turkish President Recep Tayyip Erdogan receives a bust of Mahatma Gandhi at Rajghat in New Delhi on Monday. (PTI)
India, Turkey trade should be balanced: Erdogan

Erdogan said the two nations can complement each other in several areas including research, and added that his country can assist in India's need for rapid development of infrastructure. 

01 May 2017

The committee was of the view that Finance Ministry and RBI should hold discussions with the affected parties and provide support to sectors that virtually collapsed during the demonetization
Demonetisation created significant disruption throughout economy: Parliamentary panel

Committee on Subordinate legislation in its report expressed its anguish that such a major exercise has been carried out without any adequate research on the needs of the different sectors of economy.

10 Apr 2017

File Photo of RBI. | Reuters
Scramble to exchange money as March 31 deadline nears

The queues seem to be spilling over as the deadline for the exchange of invalid notes by residents who were abroad during the cash ban.

29 Mar 2017

People standing in queue in December 2016, more than a month after high value notes were demonetised. (File Photo | AP)
No official report on deaths due to demonetisation: Government

The Minister of State for Finance was responding to a query on the total number of people who died during the demonetisation period.

17 Mar 2017

Chief Economic Advisor at India's Finance Ministry, Arvind Subramanian. (File | Reuters)
Note ban success hinges on higher tax compliance: CEA Arvind Subramanian

Underlining that there are cost and benefits of the note ban move, the CEA said the cash circulation in the economy is easily measurable.

14 Mar 2017

An Indian man puts a new Rs 2000 note in his wallet after exchanging his old 500 and 1000 rupee notes at a bank in New Delhi on November 10, 2016. (File | AFP)
RBI scraps all cash withdrawal limits on savings account from today

The limits were placed following the November 8 demonetisation of Rs 1,000 and Rs 500 notes.

13 Mar 2017

(File Photo | Reuters)
Don't threaten, warn or issue show cause notice to taxpayers, CBDT tells taxman

The policy-making body said that the drive on checking black money after the demonetisation should not include even telephonic queries.  

21 Feb 2017

Shops in Chandni Chowk are doing business in cash
Traders’ bid to turn black money white

Delhi businessmen are avoiding cards and have started dealing in cash in last quarter to avoid more taxes

12 Feb 2017

Following demonetisation on November 9, limits had been imposed on withdrawal of cash from banks as well as ATMs. | PTI
RBI lifts all ATM withdrawal limits from February 1

Even the limits placed on cash withdrawals from Current accounts, Cash credit accounts or Overdraft accounts have also been withdrawn with immediate effect.

30 Jan 2017

RBI governor Urjit Patel. (File photo | Reuters)
Cash crunch in rural areas to normalise soon, RBI governor tells PAC

To questions on the impact of the demonetisation on growth Patel said there may be an effect in the short run.

20 Jan 2017

People stand in a serpentine queue outside a bank after demonetisation.
Demonetisation: SBI Research sees 70 per cent money supply normalisation by Feb-end

With transactions at the fuel pumps amounting to Rs 4.5 trillion a year, even a 20 per cent shift to digital would mean a saving of Rs 1 trillion.

20 Jan 2017

The old Rs 500 notes (File photo | Reuters)
RBI says doesn't know exact number of scrapped notes

The central bank is still reconciling the number of notes that were deposited after demonetisation.

20 Jan 2017

(File Photo | Reuters) The Reserve Bank of India Governor Urjit Patel speaks during a news conference in October 2016.
India pressed ahead with demonetisation despite RBI concerns

The central bank had expressed concern whether the cash could be replaced quickly enough.

20 Jan 2017

Vroom in style

Kochi luxury car segment is not affected by Prime Minister Narendra Modi’s ‘surgical strike’

17 Jan 2017

(Image for representation only) Seized old currency notes
Taxmen unearth Rs 1,550 crore stash pumped by entry operators, hawala dealers

This particular black money generation modus operandi is led by a group of hawala dealers in the national capital, a report says.

17 Jan 2017