Economy News

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

You bet! Demonetisation has hit dark underbelly of gambling hard

Those dealing in legal – like casinos and horse racing – as well as illegal gambling – like cricket and matka betting – are now at odds.

Nov 13, 2016

Banks get $30 billion deposit boost after ban on higher currency notes

State-owned lender State Bank of India alone received deposits worth Rs 48,000 crore.

Nov 13, 2016

Give me 50 days, I will give you a corruption-free India, PM Modi pleads

Talking about the initiatives against the black money menace, the prime minister said after the cleanliness, not even a mosquito can fly.

Nov 13, 2016

Rs 500 and Rs 1,000 notes scrapped: RBI urges people to use 'alternative modes of payment,' but it's not so easy

The common man has had a tough time, because Rs 500 and Rs 1,000 currency notes form a huge chunk of the liquid cash in the market.

Nov 13, 2016

Kerala trade body calls for indefinite strike against demonetisation

Shops, commercial establishments in Kerala will down their shutters from Tuesday to protest against the demonetisation scheme.

Nov 13, 2016

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