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CURRENCY DEMONITISED
Currency in circulation as percentage of GDP declines since DeMo: FinMin officialIn terms of GDP, notes in circulation declined from 11.55 per cent as on November 8, 2016, to 10.48 per cent as on November 8, 2018.- Nepal bans Indian currency notes above Rs 100The Indian government introduced notes of Rs 2,000, Rs 500 and Rs 200 denominations after demonetisation in 2016.
- Supreme Court junks PIL for SIT probe into demonetisationA bench comprising Chief Justice J S Khehar and Justices D Y Chandrachud and S K Kaul dismissed the plea which also sought removal of the '...
- Black money: It could be Rs 3 lakh crore or Rs 7.3 lakh crore, says Economic SurveySeveral studies have been undertaken in the past to estimate and tackle the black money problem. But they have failed to throw up an offici...
- Gold worth Rs 2,700 crore bought in Hyderabad with banned notes from November 8 to 30ED probes revealed that gold biscuits worth Rs 2,700 crore in cash was bought with demonitised notes in November 2016 in Hyderabad alone.
- Political parties cannot accept donations in old Rs 500 and 1,000 notes: FM JaitleyArun Jaitley also said the economy had a lot to gain from digitisation of payments and the withdrawal of high-value bank notes.
- Demonetisation impacts India’s border trade with BhutanIndian currency is used as legal tender in Nepal and Bhutan. Phuentsholing is the main land border entry point between India and Bhutan.
- Demonetisation: Regulations changing faster than notes; banks stumpedOn Thursday, the government slashed the onetime exchange limit for old notes to Rs 2,000 from Rs 4,500, having raised it from Rs 4,000 befo...
- Subhash Chandra files criminal defamation case against Arvind KejriwalThe complaint, which is likely to come up for hearing tomorrow, sought Chief Minister's prosecution under Section 500 (defamation) of India...
- Demonetisation: Bandhan Bank stops micro-credit disbursement"Even if we get Rs 2,000 currency notes, we can't disburse it as my customers may not be able to use it and have to give interest," Bandhan...
- RBI says enough cash in system, statements may mount pressure on branch officialsATMs can accommodate Rs 2 lakh crore worth of Rs 100-notes but bankers are rationing cash refilling by half in several off-site machines to...
- Extend deadline for using demonetised notes till Dec 30: Shiv SenaUddhav Thackeray had described the move as "torture for people" even as he dared PM Modi to conduct a "surgical strike" on Swiss banks.
- Railways to accept Rs 500, Rs 1000 notes till Nov 14However, the precautionary measures, like refund of cancelled tickets would be done through TDR and not in cash among others, would continu...
- MFIs fear blot on repayment culture if demonitisation woes prolongMFI practitioners told ET that some have come with Rs 2000 notes but yet they can’t accept repayment as they don’t have currencies with sma...
- Currency ban: At IGI airport, chaos leads to frayed nervesThe ticket counters at the airport and the parking lots witnessed long queues as customers quarreled with airport personnel over transactio...
- Currency banned with UP polls in mind, says Mulayam SinghSamajwadi Party chief demands a roll back of demonetisation decision for a few days in view of the wedding season.
- New Rs 500, 2,000 notes come with extra security featuresNew notes to have extra security features besides having peculiar colour, theme and size which differentiate the new bills from the earlier...
- Ban on currency: How it was kept a secret and how it is hurting ministersA few weeks ago, the cabinet secretariat had issued a circular, to personal staff of all ministers, advising ministers not to carry mobile ...
- Demonitisation to hit trading tickets for cash by SP, BSP: BJPThe PM's decision will check fake currency being smuggled into the country to disrupt the Indian economy, Dharmendra Pradhan alleged.
- BJP backtracks on changing taxation systemBJP is unlikely to promise any fundamental shift in the tax system but could indicate its willingness to explore simplifying procedures.
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