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Economy News

Rs 2000

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

Do not be fooled. Nov 12, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

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
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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
Arvind Kejriwal

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

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
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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 passes all tests

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
ban on currency rs 500 1,000 1000 note modi rbi demonetization impact on gdp q3 growth rate real estate gold construction india ratings

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
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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
Bank ATM

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
air india jet airways indigo domestic air traffic passenger volume dgca civil aviation policy 2016 flying india market share go air spicejet

Govt announces new levy; domestic airfares to rise

The levy has been imposed for funding the regional air connectivity scheme. Nov 11, 2016
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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

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
currency exchange shop

Gujarat tops list of searches for 'How to convert black money into white money' on Google

Mumbai and Haryana followed Gujarat with searches on Google about how to convert black money into white money after the crackdown on higher denomination notes. Nov 10, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Modi Govt allays tax fears of small traders, households over cash deposits

The economic affairs secretary clarified that no one should worry about small deposits and that only bigger cash deposits will be looked into. Nov 10, 2016
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