Tag: Demonetisation
12 lakh new notes infused in the market: Jaitley
Demonetisation to impact GDP in this quarter: RBI
Reconsider charges on cash transactions, ATM withdrawals: Govt to banks
The government on Monday asked banks including private entities to reconsider their decision of imposing charges on cash transaction charges and ATM withdrawals. Recently, HDFC Bank recently issued a notification where it said that its customers will only be able to avail four free withdrawal and deposit (cumulative) transactions from[Read More…]
Fake currency notes worth Rs 92,000 seized
Even if GDP figures despite demonetisation are true, it is still bad news
Everybody knows that disparities exist in Indian society and economy but that the gap would be so huge has become apparent only now. Actually, only 10 percent of India’s population controls all resources. So much for Sabka Saath Sabka Vikas. Let’s see why: Just when everyone was expecting the demonetization[Read More…]
HDFC, ICICI restarting levy on cash transactions
Banks including HDFC Bank, ICICI Bank and Axis Bank Wednesday onwards will be charging a minimum amount of Rs 150 per transaction for all cash deposits and withdrawals beyond four free transactions in a month. These charges would be applicable to all savings as well as salary accounts effective from[Read More…]
Govt notifies law to make banned note possession punishable
The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000. The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with a view to eliminating the “possibility of running a parallel economy”[Read More…]
India’s GDP growth slows to 7 percent in Oct-Dec
Central Statistics Office on Tuesday pegged India’s growth rate at 7 percent for the current fiscal, 7.3 per cent for fiscal year 2018 and 7.7 percent for fiscal year 2019. In a statement, the CSO said, “Agriculture and allied sector growth estimated at 4.4 percent in 2016-17, up from 0.8[Read More…]
Fake notes at ATM: Van handler held
No plans to introduce Rs 1,000 notes, says government
The government has no intentions of introducing new currency of Rs 1000 denomination, confirmed economic affairs secretary Shaktikanta Das in a tweet. He also added that he added that government is rather focusing on the production and supply of Rs 500 currency notes and those of lower denomination. In a[Read More…]
No plans to introduce ₹1,000 notes, says govt
BHIM app crosses 17 million downloads
Rs 1,000 note will be back, but we don’t know when
RBI is set to launch a new series of Rs 1,000 notes soon. These new notes will successfully replace the earlier note of Rs 1,000 which were seized during the demonetisation drive reported a senior government to The Indian Express. The Indian Express. As per the official the Reserve Bank of[Read More…]
Goa Raj Bhawan goes cashless
Savings account weekly withdrawal limit increased
Fake notes worth Rs 96,000 siezed along Indo-Bangla border
Delhi metro to get card swipe machines
Demonetisation has had an impact on PepsiCo business: Indra Nooyi
PepsiCo Chairman and CEO Indra Nooyi on Wednesday said that India’s demonetisation move has had a significant impact on the MNC’s business in the fourth quarter. “Demonetisation had a significant impact on our India business in the fourth quarter. And there are still some lingering effects. I’m not sure we[Read More…]
Normalcy in currency operations restored: Jaitley
Despite fall, GDP will bounce back sharply: RBI Governor
Reserve Bank of India (RBI) Governor Urjit Patel on Friday said India’s economic growth will make a “sharp V” recovery following the recall of old INR 500 and 1,000 currency notes. Patel also made a strong case for continuing with globalisation even in the face of a potential shift to[Read More…]
Remonetisation process almost complete: Jaitley
Top political parties deposited Rs 167 crore during the note ban
Reply date for I-T queries on deposits extended till Feb 15
The government on Saturday extended the deadline for reply to SMS or e-mail queries from the income tax department on cash deposits made post demonetisation by 5 days to February 15. “Time limit for filing of online response to cash deposit data extended! Now you can file your details by[Read More…]
TMC to hold protest as ‘demonetisation’ move completes three months
As the government’s demonetisation move completes three months, the Trinamool Congress (TMC) MPs will hold a protest at the Gandhi statue in Parliament at 10:30 am on Wednesday. TMC is not letting go a single opportunity to target the Centre over demonetization move. West Bengal Chief Minister Mamata Banerjee has[Read More…]