Demonetisation

Never favoured demonetisation, suggested alternatives: Raghuram Rajan

"At no point during my term was the RBI asked to make a decision on demonetisation.": Raghuram Rajan

Sep 3, 2017

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Indian factory activity gains momentum in August amid GST confusion

The Nikkei/Markit Purchasing Managers' Index unexpectedly rose to 51.2 in August from July's contraction of 47.9, marking the biggest one-month jump in more than five years.

Sep 1, 2017

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Demonetisation fails: GDP growth fell to 6.1% while Modi govt hunted for 'black money'

No matter how inconsequential from an economic point of view, demonetisation has turned out to be a political victory for Prime Minister Narendra Modi.

Aug 31, 2017

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Demonetisation: Major chunk of deposited notes could be black money, says Finance Ministry

The Reserve Bank of India says that of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh crore notes -- nearly 99 percent -- had returned to the system through public deposits.

Aug 31, 2017

Of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh cr, or 99%, returned to the system, says RBI

RBI said the value of banknotes in circulation declined by 20.2 percent during the year to Rs 13.1 lakh crore.

Aug 30, 2017

India's restaurant business gathers steam after 2 years

Stocks of three listed restaurant companies in India touched 52-week highs in August

Aug 30, 2017

Income Tax Department is facing major manpower crunch

Income Tax Department faces major shortage of manpower: Reports [VIDEO]

About 3,000 posts of Income Tax Inspector are vacant and Assessment Officers are said to be overburdened with work.

Aug 29, 2017

RBI to issue new Rs 50 note: Top features to look out for in the new banknote

New Rs 50 banknote will have a motif of Hampi with the chariot and Swachh Bharat logo and the slogan on the reverse.

Aug 19, 2017

New India by 2022: Modi delivers poll slogan from the Red Fort

Prime Minister Narendra Modi stressed on his "New India" vision for 2022 while delivering his fourth Independence Day speech on Tuesday. Read to know more.

Aug 15, 2017

Only rhetoric, no major reforms till 2019 polls: Report

Closer to the polls, Modi might consider deploying his political capital more to boost BJP's 'nationalist' credentials rather than its 'reformist' image, said Barclays India chief economist.

Aug 14, 2017

Independence Day 2017: Did note ban, Aadhar overdrive, GST really honour freedom of Indians and their polity?

For the first 4 decades after independence, India's political leadership had left the country economically paralysed. Today, though the reality of India's economy has changed, but has the political class given up its old habit?

Aug 14, 2017

DeMo memo: Rs 1.7 trillion in 'unusual cash' deposits was detected, says RBI paper

"Excess" deposits accrued to the banking system driven by demonetization are in the range of about Rs 2.8-4.3 trillion.

Aug 12, 2017

DeMo, RERA and GST will be economy boosters in the long term

Increased consolidation and transparency along with launch of REITs (Real Estate Investment Trusts) will catalyse investment inflows.

Aug 11, 2017

Demonetisation 'biggest fraud of century'? 2 types of Rs 500 notes helped BJP: Sibal [PHOTO + VIDEO]

The Congress on Tuesday alleged that the RBI had printed two types of Rs 500 notes, one of which were sent solely to BJP leaders during elections after demonetisation. Read to know more.

Aug 8, 2017

Congress writes open letter to Arun Jaitley, asks "Where are the jobs?" [VIDEO]

The Congress party wrote an open letter to Arun Jaitley and questioned about the massive jobs losses due to the demonetisation.

Aug 7, 2017

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Demonetisation Part 2: Is government planning to scrap Rs 2,000 notes? [VIDEO]

It has been five months since RBI stopped the printing of Rs 2,000 notes and the printing press in Mysuru has begun the printing of Rs 200 notes.

Jul 26, 2017

Cleaning up: I-T dept detected Rs 71,941 cr in "undisclosed income" over last 3 years

Searches, seizures and surveys conducted by the Income Tax (IT) department have detected nearly Rs 71,941 crore in "undisclosed income" over the last three years, the central government told the Supreme Court.

Jul 23, 2017

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IT department unearths undisclosed income of Rs 5,400 crore post demonetisation

The undisclosed income amounting to over Rs 5,400 crore also includes valuables worth about Rs 610 crore and new currency notes that amounted to Rs 110 crore.

Jul 22, 2017

Home loan, fixed deposit interest rates might sink further

Banks crank up interest rate engines, reassess credit scenario ahead of possible RBI cut

Jul 20, 2017

Income Tax department transfers 245 commissioners for non-performance

While most of the key officials have been transferred over non-performance, many officials were also re-located or shifted to other departments as they had been holding a post for two years or more.

Jul 17, 2017

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