Demonetisation

Demonetisation: 'Can't fold hands and sit because it's an economic policy', says Supreme Court

RBI counsel said being an economic policy measure, the Supreme Court will not review the decision.

1 day ago

Will India's auto sector ride out storm post-festive season; automakers take cautious approach

The auto sector has been struggling for more than 4 years now due to demonetisation, GST, and a bad economy. Are things finally starting to turn around? Let's find out.

Nov 4, 2020

Did RBI just flip new 20 rupee coins: Netizens ask if it has a GPS tracker

New Rs 20 coin picture surfaced on social media, yet to be officially confirmed, leaving netizens wondering if it had any special features like a GPS chip. This will be the highest demnomination coin in the country so far.

Sep 18, 2020

Toyota's latest decision shows what's wrong with India's auto sector

Toyota India's Vice Chairman, Shekar Viswanathan, argued that the government keeps taxes on cars and motorbikes so high that companies find it hard to build scale.

Sep 15, 2020

The only time Anurag Kashyap and PM Modi saw eye-to-eye? Demonetisation

Anurag Kashyap has always been vocal about criticising BJP but he revealed that there was only one occasion he was happy with the government.

Jun 4, 2020

Here's why recovery for auto sector would be an uphill task even post Covid-19

The auto industry is staring at a loss of Rs 21,000 crore due to the Covid-19 pandemic and job losses especially in the organised sector will have a direct implication on auto sales, especially two-wheelers.

May 3, 2020

RBI turns 85: Here's a look at its roller coaster ride over the years

The RBI was set up on April 1, 1935, by the British to settle the issue of Remittance between the UK government and its officers serving in India. Here are some events over the years.

Apr 1, 2020

Covid-19 lockdown: Already struggling auto industry staring at Rs 21,000 crore loss

Since 2016 multiple factors including Demonetization, the introduction of Goods and Services Taxes (GST), hike in mandatory insurance, the slowdown in the Indian economy has badly impacted the sales of the auto vehicles.

Mar 25, 2020

Fact checking reports of ATM recalibration to phase out Rs 2,000 notes

Recent reports of Rs 2000 notes to be withdrawn from most bank ATMs are false. Nirmala Sitharaman clarifies, no such instructions have been provided to banks yet.

Feb 28, 2020

demonetisation gdp q2 data growth rate cut nomura analysts rbi mpc meet december 6 and 7 focus shifts to urjit patel modi bank queues sbi bob salary pay day

Here are the 10 biggest business stories from the last decade

It has been a roller coaster ride for the Indian Economy in the last decade. We pick 10 major business news which made the headline during this period.

Dec 27, 2019

Modi distributes black money? SBI customer receives lumpsum amount, believes PM gave away recovered cash

Hukum Singh from Madhya Pradesh was freeloading the amount deposited in his account every month without questioning it, believing that PM Modi was fulfilling his election promise of distributing black money.

Nov 22, 2019

Is realty sector next in line for Finance Minister Sitharaman's booster shot?

FM Sitharaman claimed the government and the RBI are working to resolve issues the realty sector is facing.

Nov 6, 2019

Can India tide over economic crisis that may be worse than the 2008 recession?

Goldman Sachs believes the liquidity issue that NBFCs fuelled is only part of the story as the consumption fall is responsible for a third of the overall slump that began snowballing from January 2018.

Oct 18, 2019

Fact Check: Demonetisation again? Rs 2000 currency notes to be discontinued?

A message went viral on WhatsApp that claimed that the RBI will discontinue the Rs 2,000 note from October 10 this year.

Oct 12, 2019

RBI deputy governor Viral Acharya resigns; 'Poor man's Rajan' to return to US

Viral Acharya, who was fondly called 'the poor man's, Raghuram Rajan', had made strong calls for RBI's independence.

Jun 24, 2019

Money raised from note ban given to 15 people by PM Modi: Rahul Gandhi

Rahul Gandhi made the statement while addressing a rally in favour of Congress candidate Geeta Koda.

May 7, 2019

a worker cycling by an Indian oil refinery

$100 crude: Will new govt slip on boiling oil after Lok Sabha elections?

Trump's squeeze on Iran oil raises the spectre of a rapid rise in oil prices and the Indian economy suffering as the new government's elbowroom to stimulate growth dwindles.

Apr 30, 2019

demo, namo, demonetisation, note ban, cash withdrawal from atm, queues at atms, banks, modi govt

Demonetisation is the biggest scam in India's history, says Kapil Sibal

"It is sad that our agencies will investigate the opposition, but not those in power," says Sibal.

Apr 9, 2019

GST rate cut: Real estate sector eyes massive demand spurt

Widening of 'affordable housing' category and rate reduction expected to give a push to Narendra Modi government's 'Housing for All 2022' programme.

Feb 25, 2019

Election-year uncertainties inhibit market after RBI rate cut surprise

Feel-good vibe of interim budget ebb as worry over large borrowings and choppy global indices spur risk aversion.

Feb 8, 2019

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