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21 Dec 2022

Rs 1,000 notes coming back, Rs 2,000 notes to be discontinued from Jan 1?

Social media viral videos assert that new Rs 1,000 notes will be introduced on January 1 and that Rs 2,000 notes would be returned to banks.

08 Jun 2018

ISI buying demonetised notes: Intelligence agencies

Demonetised notes purchased from across India are smuggled to Nepal. The notes are then taken to Karachi and Peshawar. Printing press in the two cities take out RBI's security wire and put them in counterfeit Rs 500, Rs 2000 and Rs 50 notes. D-Company agents help ISI smuggle the notes.

25 May 2018

Rs 4.93 crore in demonetised notes seized from swanky 5-star Mumbai hotel

The three accused allegedly travelled from Hyderabad and may have been tasked with handing over the bag to someone in Mumbai.

08 Nov 2017

A year on, demonetised notes find way into temples

Unable to dump their old currency notes, devotees are dropping the demonetised notes in donation boxes at Jagannath Temple in Puri and Lingaraja Temple in Bhubaneswar. The deadline for exchange of demonetised notes expired on December 30 last year.

03 Nov 2017

Will not act against those who couldn't deposit demonetised notes: Centre to Supreme Court

The SC had on December 16, last year referred to a Constitution Bench, the issue of validity of government's decision to demonetise currency notes of Rs 1,000 and Rs 500.

31 Aug 2017

Not all money returned to system post demonetisation was legitimate: Arun Jaitley

Speaking at The Economist conference, Jaitley said that the fact that money got deposited in banks does not make it legitimate money.

23 Aug 2017

Not considering ban on Rs 2,000 notes: Arun Jaitley

Finance Minister Arun Jaitley on Wednesday said the government is not considering banning Rs 2,000 notes, and the Reserve Bank will decide on the timing of issuing the new Rs 200 bill.

02 Apr 2017

Govt plans to change security marks of banknotes every 3-4 years

To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards.

18 Mar 2017

Mukesh Ambani lauds Narendra Modi's demonetisation, digital drives

Reliance Industries Chairman Mukesh Ambani on Saturday lauded Prime Minister Narendra Modi for his demonetisation move and digital drives.

21 Jan 2017

I-T pressure prompted many to opt for PMGKY post-demonetisation

The pressure built up by the income tax department post-demonetisation prompted those under scrutiny to opt for the Pradhan Mantri Garib Kalyan Yojana (PMGKY).

30 Dec 2016

RBI closes exchange, deposit of banned Rs 500, Rs 1000 notes

The Reserve Bank of India (RBI) on Friday notified the closure of the deposit and exchange of the old notes and has asked all the banks to report collections of demonetised Rs 500 and Rs 1,000 currency notes on December 30 itself.

digital payments

30 Dec 2016

Now people can do banking with thumb using BHIM app, says PM Modi at Digi Dhan Mela

Prime Minister Modi is soon going to announce lucky draws for boosting cashless transactions.

29 Dec 2016

Demonetisation, GST hold potential to transform India; NPAs key risk: RBI

Calling demonetisation and goods and services tax (GST) as policy decisions which will transform economy, Reserve Bank of India (RBI) on Thursday made these observations were made in the Report on Trend and Progress of Banking in India 2015-16 (RTP) and the 14th issue of the Financial Stability Report (FSR).

17 Dec 2016

Arun Jaitley hints not all of Rs 15.44 lakh crore worth of currency junked will be remonetised

Hinting that not all of the Rs 15.44 lakh crore worth of currency scrapped will be remonetised, Finance Minister Arun Jaitley said that the digital currency will fill the gap.

17 Dec 2016

Demonetisation a courageous step, India holds adequate capacity to take note ban decision: Arun Jaitley

Finance Minister Arun Jaitley on Saturday hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.

15 Dec 2016

Exemptions on use of old Rs 500 notes to end from midnight today

Exemptions on use of old Rs 500 currency notes will end December 15 midnight. The Centre will not extend the deadline for activities such as paying utility bills, school fees and fees in Central or State Government colleges.

Business News 2016

14 Dec 2016

Demonetisation (ban on Rs 500 and Rs 1,000 notes): One of the top economic reforms in India's history

The demonetisation of Rs 500 and Rs 1000 banknotes was a policy enacted by the Government on 8 November 2016. All Rs 500 and Rs 1000 banknotes of the Mahatma Gandhi Series ceased to be legal tender in India from 9 November 2016.

13 Dec 2016

Demonetisation: Charge on cash usage maybe next as govt promotes digital payments

If the government accepts recommendation of the panel established to suggest ways to promote cashless economy, charges on cash payment may be next in line.

12 Dec 2016

Demonetisation is equivalent of 'financial Pokhran': RSS ideologue S Gurumurthy

Demonetisation decision is the equivalent of 'financial Pokhran', RSS ideologue S Gurumurthy said on Monday.

12 Dec 2016

Govt to give another chance to tax evaders to come clean; to notify fresh scheme to deposit black money

It may sound relief to all those tax dodgers who lost the opportunity offered by Income Disclosure Scheme that allowed black money hoarders to turn their black money white by paying tax on it.

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