• Tag results for Demonetisation

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

published on : 21st June 2017

Revenue up 16 per cent as note ban sets Chennai Corporation cash register ringing

Despite no change in tax rates, the Greater Chennai Corporation’s revenue has shot up by 16.82 per cent, thanks to demonetisation.

published on : 21st June 2017

Demonetisation led to material impact on spending: Fitch

In its latest Global Economic Outlook, Fitch said Indian GDP growth slowed "significantly" to 6.1 per cent in first quarter of 2017 from 7 per cent in October-December-- the slowest pace since 2013-14

published on : 20th June 2017

Demonetisation led to crash in crop prices: Farmers' team

The team found a situation of acute distress in the region as prices of most crops have crashed and are about 60 percent below the prices of last year.

published on : 14th June 2017

RBI issues new Rs.500 bank notes with inset letter ‘A’

The design of these notes is similar in all respects to the Rs 500 banknotes in Mahatma Gandhi (New) Series, which were notified on November 8, 2016.

published on : 13th June 2017

Note ban impact on economy to continue: State Bank of India

State Bank of India on Sunday expressed concern that demonetisation, announced in November 2016, may continue to result in slowing down of the economy, and adversely affect its business.

published on : 12th June 2017

Note ban has and may continue to result in a slowdown: SBI

The long-term impact of this move on the Indian economy and the banking sector is uncertain, SBI told institutional investors prior to its Rs 15,000 crore share sale through private placement.

published on : 11th June 2017

Venkaiah thanks Manmohan for recognising 'single engine' India

Singh had said demonetisation was responsible for the slowdown in India’s economy and cited a “collapse in private sector investment” and the reduction of the industry’s gross value added growth.

published on : 7th June 2017

Growth has slowed down due to demonetisation: Manmohan Singh at CWC meet

The former Prime Minster said that the economy is running on just one engine of public spending.

published on : 6th June 2017

Gold smuggling taken a hit due to demonetisation: Customs

The primary reason behind it was that the note ban has completely stopped hawala transaction, a major chunk of which is used to illegally bring the yellow metal in the country.

published on : 4th June 2017

India remains fastest growing major economy in January-March quarter: Survey

The median forecast from a poll of 35 economists showed the economy grew 7.1 percent annually in the first three months of this year. Forecasts ranged from 6.5 to 7.8 percent.

published on : 29th May 2017

Every department should disclose demonetisation details: CIC

The observations assume importance in the background of the PMO, the RBI India and the Finance Ministry rejecting RTI applications which sought the reasons behind the notes ban.  

published on : 28th May 2017

Casual workers bore the brunt of note ban: Govt survey

There was a reduction of 1.52 lakh jobs in casual worker category in eight sectors, including IT, transport, manufacturing, a survey found.

published on : 20th May 2017

Demonetisation effect transitory, says UN expert

India still remains one of the fastest growing countries in the world, said Dawn Holland a Senior Economic Affairs Officer at the UN.

published on : 17th May 2017
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