Tag: Noteban

Government revises GDP growth rate from 6.7 per cent to 7.2 per cent for 2017-18

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…]

Possession of scrapped notes to be punishable

The government on Friday introduced a bill in Lok Sabha that provides for holding, transfer and receiving of old Rs 500 and Rs 1000 currency notes a criminal offence, punishable with a minimum fine of Rs 10,000.  Holding of more than 10 scrapped notes of Rs 500/1000 denomination will be[Read More…]

RBI's releases demonetisation data, 7 billion pieces of Rs 1000 notes didn't return

RBI to launch new Rs. 100 currency note soon

The Reserve Bank on Thursday said it will soon put into circulation new Rs. 100 denomination notes in market. New Rs 100 notes will be similar to the design of the ones in Mahatma Gandhi Series-2005. “The Reserve Bank will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi[Read More…]

Bihar leaders spar over demonetisation in public

Bihar’s IT minister Ashok Choudhary and Union minister Radha Mohan Singh sparred over demonetisation in public at the Digi Dhan Mela. The Digi Dhan Mela organised by the state information-technology department under the aegis of Niti Aayog to create awareness about cashless transactions. Choudhary tore into Singh’s claims once he[Read More…]

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