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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

File photo
ATM withdrawal limit up at Rs 10,000, weekly limit stays at Rs 24000

The limit on withdrawal from current accounts has been enhanced from the current limit of Rs 50,000 per week to Rs 1 lakh per week.

16 Jan 2017

RBI governor Urjit Patel. (File photo | Reuters)
Is de-mon out to get RBI officials? Threat to life cited to deny info under RTI

The notion may seem far-fetched but that’s exactly what official replies by RBI cite as reasons to deny information sought in RTI requests.

13 Jan 2017

Foreign tourist arrival beats demonetisation

Demonetisation had no affect on foreign tourist arrival on e-tourist visa in the country as it registered a growth of over 56 % in the month of December last year.

11 Jan 2017

RBI doesn't decide anything, decisions taken by Modi: Amartya Sen

Highly critical of the demonetisation, Sen opined that it has failed to eliminate black money though Modi would continue to get the 'benefit of doubt'.

11 Jan 2017

An Indian one rupee coin is seen in this picture illustration taken in Mumbai . REUTERS/Files
India largely a non tax-compliant society: Jaitley

Demonetisation can lead to more formal banking transactions, thus nudging the society towards more compliance, Jaitley said.

11 Jan 2017

New cars delivered in the showroom. PTI
Demonetisation: Auto sales growth at 16-year low

The note ban and the resultant cash crunch depress automobile sales across all segments in December 2016.

11 Jan 2017

World Bank | AP
Post demonetisation, World Bank drops India's growth rate to 7 per cent

Notably, India maintains the distinction of being the fastest growing emerging market economies of the world, bypassing China.

11 Jan 2017

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