Economy News

Narendra Modi warns more measures may come up to curb black money

After currency ban, Modi said there could more steps taken to curb black money circulation post December-end deadline.

Nov 13, 2016

Evening wrap: Jayalalithaa fit to be discharged, Akhilesh allays salt fears, TV actress Sabarna Anand commits suicide and more

Read about Finance Minister Arun Jaitley's comments on demonetisation, and blast killing 4 at US Army base in Afghanistan.

Nov 12, 2016

How to identify fake Rs 2,000 currency notes from real ones

Do not be fooled.

Nov 12, 2016

RBI issues revised FAQs on Rs 500, 1,000 currency notes

In its latest set of frequently asked questions (FAQs), the RBI specifies outlets where the old notes can be used by people.

Nov 12, 2016

India witnesses heightened activity in currency, banking, stocks, forex

Select currencies demonetised, chaos in banking system; stock markets crash on global worries over likely interest rate hike by US Fed.

Nov 12, 2016

Rs 500 and Rs 1,000 notes scrapped: Delhi CM Arvind Kejriwal says BJP alerted friends before currency ban

"When the PM announced the move, he had informed all of his friends who had black money and they secured their money," he alleged.

Nov 12, 2016

Bitcoin traders flooded with calls seeking to exchange cash for virtual currency

Bitcoin traders in India are getting frequent calls after the government's crackdown on higher denomination notes.

Nov 11, 2016

Creative ways to neutralise effects of PM Modi's surgical strike on black money

People are adopting unusual methods of exchanging cash to avoid detection by the Income Tax authorities.

Nov 11, 2016

Rs 2000 note challenges in India: Either spend all or nothing

With no Rs 500 note in circulation, retail shop owners are not willing to entertain buyers who come with Rs 2000 note.

Nov 11, 2016

India's economic growth to take a hit over demonetisation drive: India Ratings

Segments, such as real estate, gold and the informal sector, where cash transactions play a big role will bear the maximum brunt.

Nov 11, 2016

How stronger ties will help India, Japan encircle 'the pivot of Asia'

Narendra Modi is on a two-day visit to Japan to hold talks with PM Shinzo Abe on a range of topics, including trade and defence.

Nov 11, 2016

Rs 500 and Rs 1,000 notes scrapped: With ATMs not functioning, RBI urges people to be patient

The ATMs were expected to open after two days on Friday.

Nov 11, 2016

Govt announces new levy; domestic airfares to rise

The levy has been imposed for funding the regional air connectivity scheme.

Nov 11, 2016

Indian rupee falls sharply against US dollar amid domestic, global headwinds

Outflows by FIIs, rising demand and prospects of interest rate hike by Donald Trump trigger fall in rupee against US dollar.

Nov 11, 2016

Narendra Modi in Japan: Want to make India the 'most open economy' in the world

PM Modi also said that Asia has emerged as a new centre of global growth due to competitive manufacturing and expanding market.

Nov 11, 2016