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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

Image used for representational purpose only. (PTI)
Tax evasion suspected in Rs 3-4 lakh cr deposits post note ban

The income tax department and ED officials will be looking into over Rs 16,000 crore deposited in different accounts of cooperative banks.

10 Jan 2017

File photo of Robert Vadra.
Govt. has reached level of desperation to overcome note ban blunder: Robert Vadra

Lack of coordination with banks and their policies is forcing petrol pump owners to adopt these drastic steps, Vadra said.

09 Jan 2017

K V Thomas (File Photo | PTI)
Public Accounts Committee can call PM on cash ban if RBI's reply not satisfactory

The PM is misleading the country to satisfy his ego, said the parliamenary committee's chairman and Congress leader K V Thomas.

09 Jan 2017

Image for representational purpose. (File | EPS)
Note ban pulls down air cargo traffic by 12%: Icra

It has also slowed down passenger traffic growth in November to 19 per cent from 22 per cent earlier in the year, a report stated.

08 Jan 2017

Image used for representational purpose. (File photo | Reuters)
I-T discovers over Rs 4,807 crore in black money post demonetisation 

Officials said the taxman carried out a total of 1,138 search, survey and enquiry operations under the provisions of the Income Tax Act.

08 Jan 2017

(File photo: PTI)
Tax department to rope in auditors to probe bank deposits

Following the note ban, as many as 60 lakh individuals and firms made deposits totalling Rs 7 lakh crore in old notes.

08 Jan 2017

A cashier counts rupee notes as customers wait in queues inside a bank in Chandigarh on November 10, 2016. (Photo | Reuters)
I-T asks banks to report cash deposits made during April 1 to November 9

Account holders will be asked by banks to submit their PAN, if they had not already done so, by February 28 this year.

08 Jan 2017

After the demonetisation, demand for cash vastly exceeds supply and ATMs often run dry. (Photo | AP)
After banknote ban, India sees 7 percent growth in first half of 2017/18: Sources

Demonetisation has become a major election issue in states going to the polls this year.

05 Jan 2017