Some nations still have old notes, exchange unlikelyThe discussion on demonetised currency still held abroad provided an interesting twist to the deliberations of the committee, which is prep...
10 Nov, 2017, 07.07 AM IST
66 machines being used for counting demonetised notes: RBIIn its annual report for 2016-17 released on August 30, it had said Rs 15.28 lakh crore, or 99 per cent of the demonetised Rs 500 and Rs 1,...
16 Oct, 2017, 05.40 PM IST
Counter Point: Slow demonetisation would have given govt better resultsSince all demonetised notes came back, there was no money to stimulate the economy.
08 Sep, 2017, 10.33 AM IST
View: New window to exchange old notes a welcome suggestionThe government should respond positively to the suggestion. Indian residents had a 50-day window up to December 30 last year to deposit the...
05 Jul, 2017, 11.50 AM IST
15 Army teams to be deployed in major RBI offices by ThursdayArmy sources said two teams had already been working with the RBI and the additional manpower will help the bank in shredding of the demone...
22 May, 2017, 10.06 PM IST
People sending demonetised notes abroad by courier: CustomsCustoms officials have registered a few cases, where demonetised banknotes were sent abroad by courier, and seized over Rs 1 lakh in such n...
09 Apr, 2017, 09.31 AM IST
Orphaned siblings write to PM for exchange of Rs 96,500 in old notesThe cash was found in a box earlier this month during a police survey at one of their locked paternal houses in Sarawada village.
25 Mar, 2017, 08.08 PM IST
Honest citizens will not be harassed by Income-tax Department: CBDT chiefThe dept has used an in-house software to analyse and segregated deposits, particularly those over Rs 1 crore not matching with returns fil...
07 Feb, 2017, 01.16 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
Up to Rs 50,000 fine for holding old notes after December 30The penalties have been set out to prevent exploitative distribution of old money as wages and payments to the poor.
29 Dec, 2016, 11.15 AM IST
Worry, collectors of demonetised currencyWill making papier-mâché out of defunct Rs 500 and Rs 1,000 notes be punishable?
27 Dec, 2016, 11.29 PM IST
Retailers asked to accept old Rs 500 note for recharges: COAIOperators have provided strict guidelines to their distributors and retailers for accepting and processing Rs 500 demonetised notes, said R...
04 Dec, 2016, 02.49 PM IST
Over half of the demonetised notes are exchanged; bank queues to ease soonOf the Rs 10-11 lakh crore worth of demonetised notes expected to be surrendered by December 31, cash worth Rs 5.4 lakh crore has already b...
23 Nov, 2016, 01.42 AM IST
Demonetisation: Karnataka CM urges Jaitley to allow DCC banks to accept notes from farmersSince DCC banks are debarred from accepting the demonetized notes, farmers are unable to remit cash.
18 Nov, 2016, 06.47 PM IST
Venkaiah Naidu writes to Rajnath to probe illegal exchange of demonetised notesI&B minister M Venkaiah Naidu has written to Home Minister for a probe following a media sting claiming that demonetised notes of Rs 1000/5...
17 Nov, 2016, 11.11 PM IST
Indians in China should demonetise notes in India: EmbassySeveral Indian banks branches and representative offices are present in China and Hong Kong but they deal with bilateral trade.
16 Nov, 2016, 05.52 PM IST
What happens to the demonetised notesGlobally, central banks destroy mutilated notes through various means, including setting them on fire to heat buildings.
10 Nov, 2016, 01.12 AM IST