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  • SBI branch opened 2,000 accounts to channelise black money Apr 09, 2017 02:15 PM IST

    SBI branch opened 2,000 accounts to channelise black money

    Based on source information, the CBI had carried out a surprise check in the Civil Lines branch of State Bank of India in Uttar Pradesh's Bareilly on January 2.

  • People abroad couriering demonetized notes as books: Customs Apr 09, 2017 12:12 PM IST

    People abroad couriering demonetized notes as books: Customs

    Customs officials have registered a few cases, where demonetised banknotes were sent abroad by courier, and seized over Rs 1 lakh in such notes, a senior official said today.

  • LS passes bill to make possession of old notes punishable Feb 07, 2017 10:14 PM IST

    LS passes bill to make possession of old notes punishable

    The Lok Sabha today passed a bill which makes holding of more than 10 old notes of Rs 500/1000 denomination punishable with a minimum fine of Rs 10,000, with the government saying the aim was to check parallel economy using the scrapped notes.

  • Demonetisation benefits insurers' profits and premium growth Feb 03, 2017 05:24 PM IST

    Demonetisation benefits insurers' profits and premium growth

    While rushing in to deposit old notes, individuals have brought higher ticket products boosting revenue growth and in turn profits.

  • Demonetisation: Close to Rs 15 lakh crore back in banks, say sources Jan 04, 2017 06:27 PM IST

    Demonetisation: Close to Rs 15 lakh crore back in banks, say sources

    Government sources today revealed that deposits close to Rs 15 lakh crore is back in the banking system up to December 31, 2016.

  • Pay officers overtime for demonetisation work: Bank unions Jan 03, 2017 03:53 PM IST

    Pay officers overtime for demonetisation work: Bank unions

    Union leaders say said that in November itself, some clerical staff in banks being paid overtime of as much as Rs 50,000, whereas officers were not paid any such amount.

  • Key announcements from PM Modi's New Year's Eve speech Dec 31, 2016 09:13 PM IST

    Key announcements from PM Modi's New Year's Eve speech

    Following the tough decision to demonetise Rs 500 and Rs 1000 currency notes, Prime Minister Narendra Modi today thanked citizens for undertaking a yagna (sacrifice) to cleanse the economy of black money

  • 50 days after note ban: What to expect from PM Modi's speech? Dec 31, 2016 07:09 PM IST

    50 days after note ban: What to expect from PM Modi's speech?

    On the eve of New Year, all eyes in the country will be glued to Prime Minister Narendra Modi's televised address to the nation at 7.30 pm.

  • Recap on what RBI did from Nov 8 to Dec 30 Dec 31, 2016 02:06 PM IST

    Recap on what RBI did from Nov 8 to Dec 30

    With the 50-day period window for exchanging/depositing old notes of Rs 500 and Rs 1000 getting over on December 30, here‘s a look at all the steps taken by the Reserve Bank of India to ensure enough cash is available in the banking system

  • Phenomenal growth in digital payments post note ban: Pradhan Dec 30, 2016 06:00 PM IST

    Phenomenal growth in digital payments post note ban: Pradhan

    Making a pitch for cashless transactions, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today said there has been a phenomenal growth of about 25 per cent in digital payments for buying petroleum products at petrol pumps across the country post demonetisation.

  • Cabinet clears ordinance to penalise persons with old notes Dec 28, 2016 02:18 PM IST

    Cabinet clears ordinance to penalise persons with old notes

    The Cabinet today approved promulgation of an ordinance to impose a penalty, including a jail term, for possession of the scrapped 500 and 1,000 rupee notes beyond a cut-off.

  • Close to Rs 14 lakh crore back in banks, say sources Dec 19, 2016 04:08 PM IST

    Close to Rs 14 lakh crore back in banks, say sources

    Since the ban of high-value currency notes on November 8, close to Rs 14 lakh crore is back in the banking system, said sources.

  • Govt faces flak over note culling, tries to assuage concerns Dec 01, 2016 07:40 PM IST

    Govt faces flak over note culling, tries to assuage concerns

    Amid salary day blues, Mamata Banerjee today alleged her state West Bengal and some others were being discriminated against in supply of new currency notes and demanded that RBI furnish details of bills distributed to each state.

  • Demonetisation necessary step to address corruption: US Dec 01, 2016 12:22 PM IST

    Demonetisation necessary step to address corruption: US

    "American citizens who are working and living in India, I think have the proper information now to exchange those notes or to get new notes, and it's a little bit of an adjustment, just as it was an inconvenience, I'm sure, for many Indians, but I think a necessary one to address corruption," Toner said in response to a question.

  • West Bengal FM Amit Mitra slams note ban Nov 30, 2016 09:00 PM IST

    West Bengal FM Amit Mitra slams note ban

    Joining the crusade against the currency ban, Mitra said the government was not prepared to implement this scheme. Due to the cash clean-up, informal sector in all states is in deep trouble, he said.

  • Cash crunch cripples SMEs; fillip after one quarter Nov 30, 2016 07:00 PM IST

    Cash crunch cripples SMEs; fillip after one quarter

    In wake of the government's move to demonetise Rs 500 and Rs 1,000 currency notes, small and medium enterprises (SMEs) are facing temporary difficulties for making payments but are coping with the fall out of demonetisation.

  • ICICI Bank sets up camps at defence outposts for cash supply Nov 25, 2016 08:22 AM IST

    ICICI Bank sets up camps at defence outposts for cash supply

    The bank is also reaching out to residential societies and foreign nationals post ban on Rs 500 and Rs 1000 notes.

  • Lodha says it sold Rs 150-160 cr new property in last 10 days Nov 22, 2016 12:46 PM IST

    Lodha says it sold Rs 150-160 cr new property in last 10 days

    Abhishek Lodha, MD of Lodha Developers says that it is unlikely to see overall decline in realty prices.

  • PM Modi seeks views of people on demonetisation Nov 22, 2016 12:20 PM IST

    PM Modi seeks views of people on demonetisation

    The Prime Minister posed questions like, Do you have any suggestions/ideas or insights you would like to share with PM Narendra Modi.

  • Ramdev hails PM Modi's demonetisation move Nov 22, 2016 08:28 AM IST

    Ramdev hails PM Modi's demonetisation move

    "This decision is taken in the interest of the country, to bring black money into mainstream...It is the biggest assault on terror funding so far. We congratulate the Prime Minister for taking such a tough decision," Ramdev told reporters along with other religious leaders attached to Hindu Dharma Acharya Sabha here.

  • Demonetisation effect: Maharashtra stamp duty collection drops 37% Nov 21, 2016 03:00 PM IST

    Demonetisation effect: Maharashtra stamp duty collection drops 37%

    The union government’s recent decision to demonetise Rs 500 and Rs 1,000 notes, has hit stamp duty collection in Maharashtra, which is already down by 37% across the state, the Inspector General of Registration &#82

  • Demonetisation: Hyderabad tops in municipal tax collections among 22 cities Nov 21, 2016 02:00 PM IST

    Demonetisation: Hyderabad tops in municipal tax collections among 22 cities

    An analysis of data from the Ministry of Urban Development, for 22 corporations across the country, revealed that there was 312.04% increase in revenues in November 2016 (till 19th November), over the receipts they &#82

  • Demonetisation: PM's move will infuse a seismic shift in adoption of e-payments Nov 21, 2016 12:18 PM IST

    Demonetisation: PM's move will infuse a seismic shift in adoption of e-payments

    Analysts and economists have pointed out that this is a well-planned ‘Surgical Strike on Cash‘, which could lead to a significant evolution of India to a less cash-dependent country.

  • This startup will help you beat queues outside banks Nov 18, 2016 06:15 PM IST

    This startup will help you beat queues outside banks

    Ever since PM Modi has announced demonetisation of Rs 500 and Rs 1000 notes, long queues have become a norm outside ATMs and banks.

  • Govt initiatives easing pressure on farmers: IDFC Sec Nov 18, 2016 02:13 PM IST

    Govt initiatives easing pressure on farmers: IDFC Sec

    As people are settling in with government's decision to ban Rs 500 and Rs 1000 notes, Vijayaraghavan G, Analyst - Agri-inputs, Midcaps, IDFC Securities, says government is taking initiatives to normalise the situation.

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