Rs 1000

Explained: Why did the government hike GST rate for garments under Rs 1,000?

While the new tax rates will come into effect from January 1, the Indian textile industry is worried about the planned hike in the tax rate, arguing that such a move will affect 85 percent of the market and will lead to an increase in the prices of 80 percent of the final products.

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

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

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

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

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

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

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?

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

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

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

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

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

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

"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

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

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

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

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

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

"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.