Economy News

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

West Bengal Chief Minister Mamata Banerjee addresses a press conference at Nabanna in Howrah on Aug. 20, 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

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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

Gold business in India plunges after demonisation of highest denominations

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

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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

India: After effects of demonetisation of high value currency notes

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

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

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Economy News

Demonetisation: RBI waives all ATM transaction charges till December 30

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

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

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

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

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

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

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

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

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

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

Tourists caught in demonetisation mess

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

You bet! Demonetisation has hit dark underbelly of gambling hard

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

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react