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DEMONETIZED NOTES
Additional liquidity can be positive for near-term banking liquidity, favourable for rates: Axis MFThe RBI announced withdrawal of Rs 2,000 notes this week and have given time to deposit the notes with banks up to 30 September 2023. Also,...- Demonetisation has brought nation 3 years ahead in digital payments: SBI EcoflashThe report stated similar trends are observed in the case of usage of pre-paid instruments (PPI) (like m-Wallet, PPI cards and paper vouche...
- Another chance to exchange demonetised notes likely in 15 daysThe court was a step away from ensuring an exchange opportunity when the Centre sought two weeks to respond to the suggestion.
- Consumer loan demand is back and credit quality too is good: Transunion CibilAfter posting almost zero percent growth in November’16 ( year-on-year) demand or inquiries for consumer or retail loans went up to 25% in ...
- Demonetisation created uncertainty about short and medium term outlook for economy: Moody’sThe report states that in November and early December 2016, implementation difficulties and uncertainty surrounding demonetization disrupte...
- CSO may have inadvertently exaggerated growth numbers due to informal sector data limitation: HSBC ResearchThe HSBC study does not rule out the fact that cancelled notes could still be used post demonetization.
- Economic disruption on account of demonetisation to be short-term in nature: Moody's“Latest data support our expectation that the economic disruption caused by demonetization will be short term in nature.” Said a report by ...
- View: Dear Mr Modi, why not crackdown on black-money funding of political parties?There is also no upper-limit to the amount of income a political party can have to be exempt from paying tax.
- India oil demand surges 12 per cent in NovemberPetrol sales surged 14.25% in November while the demand for diesel, which accounts for nearly 40% of all oil consumed in the country, rose ...
- Mamata Banerjee not to hold rallies immediately outside Bengal against demonetizationBanerjee has asked her leaders to intensify political agitation in Bengal against Narendra Modi's government which announced demonetization...
- Demonetisation: Will bank queues recede in the new year? Maybe, maybe notModest relaxation on withdrawal limits post December 30 is on cards, but relief depends on how much more currency is pumped into the system.
- Trinamool, Congress and CPI(M) fail to agree on joint resolution against demonetisationCongress was planning to bring a no-confidence motion against the ruling Trinamool Congress on the issue of recent child trafficking racket.
- Left targets PM Narendra Modi on demonetisation, says common man suffering"We believe the Prime Minister has brought the country to a standstill. He has imposed 'deshbandi' (holding country hostage) with 'noteband...
- BJP win in Assam by-polls mandate of demonetisation: Sarbananda SonowalThe Chief Minister also discussed with the Prime Minister a spectrum of issues ranging from demonetisation to law and order situation in As...
- Demonetisation: PM Narendra Modi threatening those highlighting people's sufferings, says Mamata BanerjeeI shall go to Delhi tomorrow. Planning to rush to Lucknow on November 29, said Mamata Banerjee.
- Mamata Banerjee visiting banks premises, speaking to people, bankersShe further said, "Things are getting worse every hour.Withdraw this draconian decision in the public interest." and demaded withdrawal of ...
- What is demonetisation and why was it doneModi announced that the notes of Rs 500 and Rs 1000 "will not be legal tender from midnight tonight" and these will be "just worthless piec...
- Rs 500, Rs 1,000 note rumours, not polls, behind cash surge: SBISBI said that it is rumours of demonetization of Rs 500 and Rs 1,000 notes that is possibly driving people to withdraw cash in order to dep...
- Black money: CBDT says people want big banknotes spikedThe Central Board of Direct Taxes said in its report on black money that it had received overwhelming public opinion in favour of demonetiz...
- Government panel on black money backs creation of LokpalAlthough the government has introduced in parliament a bill seeking to create a Lok Pal, civil society groups have termed it a tame effort.
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