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Notes Ban

Can't disclose if Jaitley was consulted on notes ban: FinMin

Can't disclose if Jaitley was consulted on notes ban: FinMin

Sun, Mar 05, 2017

The Finance Ministry has taken refuge under the exemption clause of section 8(1)(a) of the Act to deny the information.

Note ban negative for auto asset backed loan in short-term: Moody's

Note ban negative for auto asset backed loan in short-term: Moody...

Mon, Feb 13, 2017

Moody's Investors Service on Monday said that the government's demonetisation decision will have negative impact on the performance of Indian auto asset backed loans in the short-term and the effect will last until March.

RBI pumped in Rs 9.2 lakh crore worth of new notes so far into banking system: Source

RBI pumped in Rs 9.2 lakh crore worth of new notes so far into ba...

Wed, Jan 18, 2017

The Reserve Bank of India (RBI) has injected Rs 9,20,000 crore ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary source quoted central bank governor Urjit Patel as saying on Wednesday.

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Govt extends exemptions on use of old Rs 500 note till December 15

Govt extends exemptions on use of old Rs 500 note till December 15

Fri, Nov 25, 2016

Facing severe attack in the wake of difficulties thrown up by demonetisation, government from Thursday night extended till December 15 the facility of using old Rs 500 notes in public utilities and included more services like mobile recharge but stopped the over-the-counter exchange of defunct cu

Cash shortage to continue for 4 to 5 months: BEFI

Cash shortage to continue for 4 to 5 months: BEFI

Fri, Nov 25, 2016

The Bank Employees Federation of India (BEFI) on Thursday said currency note shortage will continue for another four to five months even if the country's all four currency press facilities work at optimum capacity.

Notes ban to significantly disrupt economic activity: Moody's

Notes ban to significantly disrupt economic activity: Moody's

Thu, Nov 24, 2016

Demonetisation will "significantly disrupt economic activity" and lead to weaker growth in near-term, though in the long run it can boost tax revenues and translate into faster fiscal consolidation, Moody's Investors Service said on Thursday.

Nepal's banking system holds banned Indian currency notes

Nepal's banking system holds banned Indian currency notes

Fri, Nov 11, 2016

Nepal`s banking system has held banned Indian currency (IC) Rs 500 and Rs 1,000 notes worth Rs 35 million ($524,737).

Small depositors will not face any problem: Arun Jaitley

Small depositors will not face any problem: Arun Jaitley

Thu, Nov 10, 2016

A day after all banks and ATMs remain shut after the government banned Rs 500 and Rs 1,000 notes from circulation, Finance Minister Arun Jaitley said on Thursday that small depositors will not face any problem.

Rs 500, Rs 1000 Ban: Here are the best jokes people made on Twitter

Rs 500, Rs 1000 Ban: Here are the best jokes people made on Twitter

Wed, Nov 09, 2016

After the Government of India banned circulation of Rs 500 and Rs 1,000 notes from November 8, people thronged on to Twitter to express their views.

'Realty, consumer non-durable makets to be hit by notes ban'

'Realty, consumer non-durable makets to be hit by notes ban'

Wed, Nov 09, 2016

Experts are of the view that e-commerce, real estate and consumer non-durable sectors are likely to be hit by government's move to ban Rs 500 and Rs 1,000 notes, even as they projected the economy to benefit from it in the long run.

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