Tag: Banks

Demonetisation takes toll on cash-strapped people

Following its demonetisation decision on Nov 8, government claims that the inconvenience is temporary but harsh reality is that the decision has taken toll on people. Ironically, Prime Minister Modi also claimed that his demonetisation decision was somewhat ‘kadak’ (strong) linking it to his ‘chaiwallah’ background. “When I was young,[Read More…]

Shaktikanta Das appointed new RBI governor

Banks to use indelible ink to prevent multiple cash withdrawals

In a surprising move, the Finance Ministry on Tuesday announced that it will use indelible ink like during elections to prevent people from making more than the permissible number of times cash withdrawal from bank counters. Economic Affairs Secretary Shaktikanda Das said that banks would start using indelible ink to[Read More…]

Cong, 7 oppn parties meet to formulate joint strategy

Seeking to corner the government in Parliament on the demonetisation issue, major opposition parties, including arch rivals TMC and CPI(M), on Monday held deliberations to finalise a common strategy alleging that the decision was a “scripted scam” which was leaked to the ruling BJP much in advance. The meeting, held[Read More…]

My decision is Karak (strong): PM

Lashing out at Congress and other parties for criticizing government’s decision to demonetise Rs ₹ 500 and ₹ 1000 notes, PM Modi said his decision is a little “karak” (strong). He was drawing an analogy with his early days as a tea vendor. Prime Minister said “My decision is a[Read More…]

BJP MPs stall demonetisation draft report by Parliamentary Committee

Don’t panic, your hard earned money is safe: Govt

Finance Ministry on Friday said there is no need to panic and depositing junked ₹ 500 or 1,000 notes of up to ₹ 2.50 lakh in bank accounts will not be reported to the tax department. It also cautioned people against depositing the money of unknown people in their own[Read More…]

Latest Update