Economy News

Indelible ink to mark fingers of people exchanging demonetised notes: Economic Affairs Secretary

Shaktikanta Das says people have been coming back to banks to withdraw or exchange money multiple times.

Nov 15, 2016

Demonetisation has ended terror-funding, stone-pelting in Jammu and Kashmir: Manohar Parrikar

Parrikar was speaking at an event organised by Bharatiya Janata Party lawmaker Atul Bhatkhalkar in Mumbai.

Nov 15, 2016

Demonetisation: RBI waives all ATM transaction charges till December 30

The RBI had issued a circular on November 8 advising all banks to carry out free of cost financial transactions at their own ATMs.

Nov 15, 2016

Rs 2000 note quality test: Here's what happens when you dip new currency in water or crush it

The Rs. 2,000 currency note passes several durability tests with flying colours.

Nov 14, 2016

Do you know how RBI plans to dispose of the old Rs 500 and Rs 1,000 notes ?

The RBI will need to dispose of the 2,203 crore notes of Rs 500 and Rs 1,000 denominations since the government has demonetised them.

Nov 14, 2016

Demonetisation: Cong-TMC to meet today as Opposition unites against Modi govt ahead of winter session

Trinamool leaders will be leading a protest march from the Parliament to the Rashtrapati Bhawan demanding the government to revoke the ban.

Nov 14, 2016

Banks were asked to install CCTVs prior to demonetisation of currency notes

The objective was to enable banks to track those who would act as proxies for cash hoarders while depositing wads of Rs 500, Rs 1,000 notes.

Nov 14, 2016

Demonetisation: Jewellers say steep decline in business a short-term hitch

Most of the jewellers are confident that once things streamline, the move will have a significant impact on the gold business in the long-run.

Nov 14, 2016

Demonetisation: RBI data throws up interesting facts on Rs 500, Rs 1,000 notes

In its annual report for 2015-16, RBI provides data on the indent and supply for various denominations; Rs 2,000 figures nowhere.

Nov 14, 2016

ATMs to start dispensing new Rs 2,000 notes today or tomorrow, says Economic Affairs Secretary

The withdrawal limit has been increased to Rs 2,500 in ATMs that have been recalibrated to dispense new Rs 2,000 and Rs 500 notes.

Nov 14, 2016

Rs 500 and Rs 1000 notes scrapped: Key points of PM Modi's late-night meeting with senior ministers on demonetisation

The meeting came amid public anger against the ban and limited availability of cash in banks and ATMs across India.

Nov 14, 2016

Daily currency exchange, ATM withdrawal limits increased as banks start releasing new Rs 500 notes

Banks have seen deposits of about Rs 3 lakh crore of old Rs 500 and Rs 1,000 notes since they were scrapped as legal tender.

Nov 14, 2016

Here are 19 features of the new Rs 500 currency notes the RBI has released

The notes have started reaching banks, from where it can be obtained either by currency exchange or by withdrawal.

Nov 14, 2016

Tourists caught in demonetisation mess

Indians travelling abroad and foreigners travelling to India for recreational or medical tourism were left holding a worthless paper in an alien land.

Nov 13, 2016

Evening wrap: Earthquakes strike New Zealand and Philippines, fake Rs 2,000 note surfaces, Parineeti in Golmaal 4 and more

Read about PM asking for 50 days for corruption-free India, and RBI asks people to use modes of transaction other than hard cash.

Nov 13, 2016