Cash is king again? India’s withdrawals surge 12% in early April, highest since post-demonetisationThe Indian economy is witnessing a historic milestone as the currency in circulation hits 42.3 trillion rupees. This remarkable jump of mor...
05 May, 2026, 11.08 AM IST
Has RBI announced 'new rules' for exchanging old Rs 500 & Rs 1,000 currency notes?Social media claims about the Reserve Bank of India allowing exchange of old Rs 500 and Rs 1000 notes are false. The official website of th...
20 Apr, 2026, 10.47 AM IST
Supreme Court upholds Modi govt's 2016 Demonetisation call, says decision-making process had no flawsThe majority judgement authored by Justice BR Gavai said the 2016 notification of demonetisation "satisfies the test of proportionality." I...
03 Jan, 2023, 07.17 AM IST
No procedural lapse in demonetisation of 500 and 1,000 currency notes in 2016: RBI to SCThe Reserve Bank of India (RBI) Tuesday told the Supreme Court that there was "no procedural lapse" in the demonetisation of '500 and '1,00...
06 Dec, 2022, 11.31 PM IST
We made recommendation on demo, process was followed: RBI to SCArguing on behalf of the central government, attorney general R Venkataramani said the three evils of "fake currency, terror financing and ...
06 Dec, 2022, 12.27 AM IST
DeMo proposal emanated from centre, not RBI: P ChidambaramA five-member Constitution bench comprising justices Abdul S Nazeer, BR Gavai, AS Bopanna, V Ramasubramanian and BV Nagarathna had on Octob...
24 Nov, 2022, 11.38 PM IST
Short-term note ban costs to outweigh long-term benefits: Raghuram RajanRajan said he had handed over a note to the government outlining the potential cost and benefits of note ban as well as alternatives to ach...
04 Sep, 2017, 03.50 PM IST
Congress asks if RBI deliberately slowed counting of junked notes"I think this must be the slowest exercise by the RBI. But I would compliment the RBI, the RBI is not so slow, unless it is deliberately sl...
02 Sep, 2017, 10.10 PM IST
Congress seeks PM's apology on noteban; 'Shame on RBI': P ChidambaramChidambaram questioned the Narendra Modi government whether its demonetisation decision was designed to convert black money into white.
31 Aug, 2017, 03.39 PM IST
Shame on RBI, says P Chidambaram on junked note figures; Congress seeks PM's apologyFormer finance minister P Chidambaram used Reserve Bank data to lash out saying, “Shame on RBI,” as 99% junked currency has returned.
31 Aug, 2017, 12.47 AM IST
Parliamentary panel to submit demonetisation report in Monsoon SessionThe panel would submit its report on demonetisation during the Monsoon Session of Parliament starting on July 17.
12 Jul, 2017, 09.38 PM IST
Suspense over demonetised notes may finally end in next two weeksReserve Bank and its auditors will meet before month end to put a number to banned notes that were not returned after demonetisation.
10 Jul, 2017, 06.23 AM IST
RBI will take 'lot of time' to count old note deposits: Finance Minister Arun JaitleyDeclaring demonetisation as one of the greatest steps taken in the country, Jaitley said that to weed out black money and corruption was th...
05 Jun, 2017, 09.03 PM IST
Modi govt world's most anti-intellectual: Chidambaram"It (the government) even thinks that Amartya Sen, professor at Harvard is undeserving of any respect. It thinks that Oxford, Cambridge, Ha...
03 Mar, 2017, 11.10 PM IST
Demonetisation: Seven crucial questions, answered and unansweredModi govt suddenly decided to demonetise Rs 500 and Rs 1,000 currency notes on Nov 8 last year. Two months later, we have more questions th...
11 Jan, 2017, 02.21 PM IST
No jail term for holding demonetised notes; minimum fine to be Rs 10,000Earlier, the Cabinet approved the promulgation of an ordinance extinguishing the Reserve Bank of India's liability for cancelled Rs 500 and...
29 Dec, 2016, 05.29 PM IST
Let co-operative banks exchange notes: Badal to FM JaitleySeveral DCCB branches are operational in areas where there is no presence of other public or private sector banks.
19 Nov, 2016, 01.14 AM IST