Demonetise

Inflation under control, GDP unhurt by note ban: Modi

Prime Minister Narendra Modi today said his government has been able to tame inflation which had gone out of control before 2014 and no political party could raise the issue during the polls in five states.

Demonetisation 'biggest scam of 2016': P Chidambaram

Notably, the Central Statistical Organisation (CSO) has predicted a growth rate of 7.1 percent and RBI pegs it at 6.9 percent for financial year 2016-17.

KVIC sales grow 9.25% in December in spite of cash ban

The Khadi and Village Industries Commission (KVIC) sells these through more than 7,100 sales outlets across the country. Chairman V K Saxena said the decision to demonetise Rs 1,000 and Rs 500 notes has not impacted the sales.

Demonetisation impact: Smaller MSMEs see big shift from cash to e-payments, says Crisil

The survey, which covered more than 1,100 MSMEs between November 24 and December 24, found that almost half of the MSMEs with annual revenue of Rs 2 crore or less saw a substantial shift away from cash transactions.

Modi's war on cash pushes Indian economy into contraction: Hanke

"#Modi has officially steered #India's economy into contraction as a result of his war on cash. Just what I anticipated would happen," Hanke, an American applied economist at the Johns Hopkins University in Baltimore, Maryland said in a series of tweets.

People reposed faith in PM, backed demonetisation: BJP leader

"People reposed faith in PM's leadership and supported demonetisation. The decision has started giving the desired result," Singh, who is the party in-charge for Andhra Pradesh told reporters here.

India may clock GVA growth of 6.6% in 2016-17: Icra

"Although currency liquidity is likely to improve significantly by the end of January 2017, economic activity may take longer to normalise, based on which we have revised our forecast for GVA growth in 2016-17 to 6.6 per cent," the domestic rating agency said in a report.

Consumer goods stocks shed weight, lose Rs 1.2 tr since Nov 8

BSE‘s fast-moving consumer goods (FMCG) and consumer durables indices, on Wednesday stood 9.8 per cent and 18.4 per cent lower, compared to their pre-demonetisation levels. The two indices have together lost Rs 1.2 lakh crore or 10.6 per cent of their market capital, the newspaper says.

Demonetisation: Former RBI governor Bimal Jalan questions timing, secrecy

Jalan was RBI governor from 1997 to 2003, coinciding with the first NDA government of Atal Bihari Vajpayee.

FM hints at low tax rates due to demonetisation, digi-payments

The November 8 announcement by government to demonetise high value notes has in one stroke junked 86 per cent of the currency in circulation and holders of the discontinued notes can deposit them in banks before the end of the year and withdraw money in new currency.

Demonetisation may erode 4.7 lakh cr from GDP: Amit Mitra

The old high denomination notes were demonetised from November 9. Since then long queues are being witnessed at bank branches and outside ATMs for cash withdrawal.

Finance Ministry, RBI response sought on exchanging old notes

A division bench of Justices Bhushan Gavai and Vinay Deshpande issued the notices yesterday while hearing a Public Interest Litigation (PIL), and posted the matter for further hearing after three weeks.

Demonetisation impact milder; loan growth in Nov may be hit: RBL

RBL Bank did face minor challenges in some rural pockets due to lack of currency post demonetisation says Head of Strategy Rajeev Ahuja. However, he is quick to add that the impact of demonetisation has not been as severe as it had been anticipated to be.

Demonetisation will make economy safe, vibrant: RSS

Head of RSS' communications department Manmohan Vaidya said that "all anti-national, separatist and terrorist activities in the country seem to have come to a sudden halt, resulting in restoration of normalcy in Kashmir Valley after a long time".

Govt needs to be vigilant about sources of black economy: SBI

According to SBI Research, there is excess currency floating in the economy and the number could be as much as Rs 5 lakh crore.

Strong positive trigger key for a fair market pull-back: Pros

The 50-share Nifty should consolidate between 7,920 - 8,100 for a few weeks, according to Mitesh Thacker of miteshthacker.com.

Bitcoin volumes in India surged 300% in last 10 days: Coinsecure

In India, Bitcoin is being sold at a premium (USD 200 more than global rates), but Coinsecure Chief Technical Officer Benson Samuel says the premium is not sustainable.

Demonetisation: India moving towards formal economy, says Kant

"There are long-term gains for the country (from demonetisation). The country will move towards a totally digitised payment economy. It will move towards formalised economy," Kant told reporters on the sidelines of 'India Power Forum'.

Ratan Tata calls demonetisation a 'bold act'

"Demonetisation of old currency notes by the Modi government is a bold act that will wipe out black money and corruption. It deserves our support," he said in a tweet.

RBI must deliver currency to banks on war footing: Ex Deputy Guv

Demonetisation will make our economy more inclined towards cashless transactions, says Jaimini Bhagwati, RBI Chair Professor. The financial sector of the country will benefit from improved efficiency and faster transactions.

Demonetisation effect: Maha stamp duty collection drops 37%

The Union government's decision to demonetise Rs 500 and Rs 1,000 notes was announced 10 days back and stamp duty collection is already down by 37 percent across the state, Inspector General of Registration (IGR) and Controller of Stamps N Ramaswamy told PTI.