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REMONETISATION
RBI’s currency printing cost falls 23.5% in FY26 despite rise in cash circulationReserve Bank of India's spending on printing money dropped significantly. This happened even as the total value of currency in circulation ...- Here's why you had to stand in queues for so long after note banThe day note ban was announced, RBI didn't had a single Rs 500 note and only had a stock of around Rs 5L cr of Rs 2,000 notes. Situation st...
- Notes in circulation at 85% of pre-note ban level: GovernmentThe availability of currency in different parts of the country is being constantly monitored and steps have been taken to accelerate remone...
- Remonetisation to expand tax base, says Arun JaitleyIn November 2016, the government junked 500 and 1,000 rupee notes, which made up 86.4 per cent of the country's circulating currency.
- Rs 1.15 lakh crore more currency needed for optimal remonetisation: SBIBefore demonetisation, the total currency in circulation stood at Rs 17.97 lakh crore, according to November 4, 2016 data.
- The ABC of remonetisation: India's China momentIn 1980 India and China were almost equal in GDP. By 2016 India has become less than 20% of China. There are many reasons why China has lea...
- Keen to turn demonetisation into remonetisation: PepsiCo’s Indra NooyiMost consumer goods firms across sectors had reported subdued sales in the October-December ’16 quarter, which they attributed to the curre...
- Economy to pick up in Q4 due to faster remonetisation: Urjit PatelPatel also said that limited data on corporate sector performance in Q3 suggests that sales growth may have improved relative to the previo...
- Remonetisation process almost complete: Finance Minister Arun JaitleyJaitley also said cash economy has many vices as it leads to crime and tax evasion.
- GDP growth to slow to 5.7% in January-March 2017: Nomura"We expect growth to remain subdued in the first quarter of 2017 as the activity level remains below its recent peak," Sonal Varma chief In...
- Rs 6.78 lakh crore remonetised, Rs 9.1 lakh crore in circulation: GovernmentMeghwal also informed that a total of 94,899.23 million pieces of all denomination bank notes were in circulation as on November 8, 2016.
- Remonetisation nearly complete, says Shaktikanta Das"All restrictions have been removed except on savings bank account of Rs 24,000 per week. This is also a matter of time," Eco Affairs Secy ...
- Budget 2017: Remonetising realtySome immediate measures are required to support Indian real estate and the government must take some strong steps to 'remonetise' the secto...
- No gap in Urjit Patel, RBI note figuresSources in the RBI said that the apparent discrepancy has arisen because the number shared by RBI was the data gathered on notes in circula...
- Government, industry back times’ ‘remonetisation’ campaignCompany kicked off ‘Remonetise India — A Citizen’s Pledge’ on Saturday.
- RBI to go for 25 bps rate cut in 2017: CitigroupAccording to the global financial services major, the monetary easing support to rates is waning as the mantle is passed on to the fiscal p...
- Arun Jaitley hints not all scrapped currency will be remonetisedAs many as 17,165 million pieces of Rs 500 and 6,858 million pieces of Rs 1,000 were in circulation when the govt made the surprise announc...
- 'Withdrawal restrictions to stay till 80 per cent of new currency is remonetised'Withdrawal restrictions will first be relaxed for co-op banks first and will be removed totally when remonetisation is complete, says a gov...
- Calling demonetisation a 'scam' is 'absurd': M Venkaiah NaiduOn inquiry over the allegations that some NGOs have indulged in converting black money into white, Naidu said, Let facts come out first. Of...
- Remonetisation: Success depends on tax complianceRemonetisation will not change India unless the mindset of Indians changes towards tax payment. Higher tax collection can lead to a soverei...
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