Demonetisation

Indian rupee falls to new low since Narendra Modi came to power; Sensex ends with losses

On Thursday, the Indian rupee hit 68.86 to the US dollar, breaching the all-time low of 68.80 reached on August 28, 2013.

Nov 24, 2016

Why RBI governor Urjit Patel? Main hoon na, says FinMin bureaucrat Shaktikanta Das

Except for an appearance at a press conference on November 8, RBI governor Urjit Patel has not been seen speaking on demonetisation.

Nov 24, 2016

Demonetisation: Ameer welcomes Vijay's opinion; says expected such views from Rajinikanth

Ameer, who criticised Rajinikanth over his views on demonetisation, has hailed Vijay's balanced views on the issue.

Nov 24, 2016

Demonetisation: Govt extends toll exemption till Dec 2, will accept old Rs 500 notes till Dec 15

Old notes will not be valid for payment of medicines, railway and air tickets, water and electricity bills, milk, fuel, and cremation services from November 24 midnight.

Nov 24, 2016

Demonetisation: State Bank of India slashes bulk deposit rate by up to 190 basis points

The new rates will be effective from November 24, according to the State Bank of India website.

Nov 24, 2016

7th Pay Commission: Central govt employees to get higher allowances from January 2017, says report

The proposals of the 7th Central Pay Commission cover about 47 lakh Central government employees and about 53 lakh pensioners.

Nov 23, 2016

Demonetisation: Government panel to issue instructions to ease hardship in Nepal & Bhutan

According to Nepal's central bank, nearly Indian Rs 500 and Rs 1,000 notes worth Rs 33.6 million are in the banking channels.

Nov 23, 2016

Evening wrap: US elections possibly rigged, Bharat Bandh on Nov 28, Alicia Silverstone poses nude, and more

Read about Nikki Haley representing the US at the UN, and two Bahubali 2 videos leaked online.

Nov 23, 2016

Bengaluru: Driver flees with over Rs 1 crore ATM money in KG Nagar

Investigation into the incident is underway.

Nov 23, 2016

Puli Murugan star Mohanlal joins Rajinikanth, Aamir Khan to support Narendra Modi's demonetisation

Mohanlal has written a blog supporting the government's Rs 500 and Rs 1000 note ban.

Nov 23, 2016

Aakrosh Diwas: 10 ways to prepare for the Bharat Bandh the Opposition parties have called over demonetisation

The strike across India is expected to bring everything except the bare essential services to a standstill.

Nov 23, 2016

ICICI Bank waives MDR on debit cards to blunt demonetisation effect, boost digital payments

Merchant discount rate (MDR) on debit cards won't be charged from November 23 to December 31 2016, says ICICI Bank.

Nov 23, 2016

Demonetisation: Service charges on debit card usage waived off, says Economic Affairs Secretary

Indian Railways will also not levy service charges on e-ticket booking till December 31.

Nov 23, 2016

Demonetisation effect: Retail inflation to fall further, says Nomura analyst

Perishable and non-perishable food items show divergent trends since demonetisation; overall, it's bound to reduce inflation.

Nov 23, 2016

Modi's demonetisation move good but FDI in retail still a taboo topic: CEO, Retailers Association of India

The demonetisation move by Modi has hit the retail sector due to the impact on cash transactions. In an exclusive chat with IBT, Kumar Rajagopalan talks about this and more.

Nov 23, 2016

Demonetisation effect: Railways cancels service charge for online bookings until December 31

IRCTC currently charges service fee of Rs 40 per ticket for AC class and Rs 20 per ticket for non-AC sleeper class.

Nov 23, 2016

Morning brief: Machil encounter, Battle for Mosul, demonetisation in Delhi and more

Also read about musician M Balamuralikrishna's death and the third Test between India and England.

Nov 23, 2016

Demonetisation in Delhi: Book My Chotu app offers helpers to stand in ATM, bank queues

In response to problems caused by demonetisation, the hired person would charge Rs 90 per hour to stand in queues in Delhi.

Nov 23, 2016

Switzerland will soon cease to be haven for tax-evading Indians

India and Switzerland sign an agreement whereby Indian tax authorities will be accessing data on money stashed in Switzerland.

Nov 22, 2016

Cut petrol prices sharply to boost growth: Analyst

Market participants are hopeful of some stimulus from the government amid demonetisation-induced slowdown risks to the economy.

Nov 22, 2016