Demonetisation

'Raghuram Rajan's policies led to slump, not demonetisation'

Niti Aayog vice-chairman Rajiv Kumar says Rajan's policies on stressed assets resulted in a steep rise in non-performing assets in the banking sector. This led to a drastic shrinking of credit for the small scale sector, he adds.

Sep 3, 2018

Rahul Gandhi slams PM Modi; says notebandi, Rafale deal done to help friends

Congress president Gandhi also lashed out at Modi for trying to "finish off" small and middle-sized businesses and small shopkeepers to help big businesses with demonetisation.

Aug 31, 2018

99.3% demonetised notes returned to banks: RBI

RBI spent Rs 7,965 crore in 2016-17 on printing new Rs 500 and Rs 2,000 and other denomination notes.

Aug 29, 2018

Rahul Gandhi blames demonetisation and GST for lynchings

Rahul Gandhi says demonetisation and GST hit small and medium businesses hard making millions jobless and giving rise to anger which resulted in lynchings and attacks on Dalits and minorities.

Aug 23, 2018

Black money: Deposits of Indians in tax havens fell 62% in 2017, says report

Money deposited in bank accounts in Luxembourg have come down to $11 million in 2017 from $29 million in 2013. In Jersey, the deposits decreased by 17.6 per cent from $261 million in 2013 to $215 million in 2017.

Aug 22, 2018

PM Modi hailed as 'most influential statesman of modern India'; But is Modi-fication really working?

A Chinese daily says how people perceive Modi's policies will decide the course of the 2019 general elections and the direction the country will take.

Aug 4, 2018

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Paytm May lose competitive advantage as industry war thickens

Intense lobbying by several American card firms has forced the RBI to soften its stance on local data storage of all Indian transactions, which Paytm has been pushing for.

Jul 25, 2018

Indian economy on the rise, now the sixth largest in the world

IMF's latest figures indicate that India has displaced France to take the sixth spot with a GDP of $2.6 trillion in 2017. Predictions for 2018 are steady growth at 7.4%.

Jul 11, 2018

India's ruling Bharatiya Janata Party (BJP) president Amit Shah

Which bank received highest amount of demonetised notes? It has something to do with Amit Shah

According to an RTI reply, Rs 745.59 crore in demonetised notes were deposited in the Ahmedabad District Cooperative Bank (ADCB) in just five days after demonetisation was announced by PM Modi in November 2016.

Jun 22, 2018

Mice cause mini demonetisation; shred notes worth Rs 12.38 lakh inside ATM

In Tinsukia, Assam, mice didn't let go the chance of gobbling and shredding currency notes worth more than Rs 12 lakh inside a SBI ATM.

Jun 19, 2018

71.9% of Indians want to see Narendra Modi as their PM again in 2019, says online poll

Modi is often slammed for not doing enough for job opportunities for the youth. The online poll, indeed proved it right, when 28.3 percent of the people who took the survey said that lack of employment-generation is Modi's biggest failure.

May 26, 2018

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India's GDP growth at 7.3% in 2018-19, backed by GST, demonetization: ADB

Asian Development Bank says growth in South Asia remains among the world's fastest, driven by a recovery in India, the region's largest economy.

Apr 11, 2018

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Govt lists big names among 9,491 'high-risk' NBFCs that did not comply with PMLA

The NBFCs in India had been under the scanner after the demonetization drive. Now, many of them have been placed under the 'high risk' category for not complying with the PMLA.

Feb 27, 2018

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Deposited Rs 15 lakh during note ban? Get ready to face I-T scrutiny

The Income Tax department has issued notices to those who deposited Rs 15 lakh or more in their accounts during after scrapping Rs 500 and Rs 1,000 currencies in November 2016.

Feb 3, 2018

Budget 2018: Top 5 expectations of Indian automobile industry after a roller coaster ride

The Indian automobile industry is on the verge of shifting to electric vehicles and hence, many landmark decisions in that direction are expected from Union Finance Minister Arun Jaitley.

Jan 31, 2018

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A flashback to 5 major economic events in 2017

Besides the implementation of demonetisation and Goods and Services Tax (GST), read to know the other major economic events that India witnessed in 2017.

Dec 30, 2017

India's 'new normal' growth rate is 7-8%, says Finance Minister Arun Jaitley

If India grows at 7-8 percent in 2018 as expected by the government, it might snatch back its title of the fastest growing major economy in the world.

Dec 22, 2017

Hiring sentiment in India rises for Q1 2018 from last quarter : Survey

The survey points out that hiring intention remain positive in various sectors for the January-March period.

Dec 12, 2017

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India's GDP growth set to rise 7.2 percent in 2018, 7.4 percent in 2019: UN report

But, the report also pointed out that the performance of private investment remains a key macroeconomic issue.