Demonetisation

Demonetised notes with face value of Rs 75 lakh seized, four arrested

Demonetised Rs 500 and 1,000 notes with a face value of Rs 75 lakh were seized from Surat in Gujarat, and four people were arrested in this connection.

Jun 29, 2024

Deposit or exchange the Rs 2,000 banknotes held with them by Sep 30, 2023

2,000 denomination notes worth Rs 3.32 lakh crore received back till Aug 31; Deposit or exchange by Sep 30

Bank notes of 2,000 denomination worth Rs 3.32 lakh crore have been received back by banks till August 31, according to data collated by the Reserve Bank of India (RBI).

Sep 2, 2023

MSME yet to recover from impact of demonetisation, GST: Congress

Congress on Saturday slammed the BJP-led central government saying the MSME sector has not yet recovered from the impact of demonetisation and GST and that no adequate steps were taken to revive the sector which could have provided employment to the youth is in its worst phase.

Jul 22, 2023

The Reserve Bank of India has announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30

76% of total Rs 2,000 denomination notes in circulation returned to banks in these two forms: RBI

The Reserve Bank of India (RBI) on Monday said that as much as 76 per cent of the total number of Rs 2,000 notes in circulation have been returned to banks.

Jul 4, 2023

Power to withdraw banknotes lies with Centre, petitioner to Delhi HC on Rs 2K note issue

The Delhi High Court on Tuesday reserved its judgement on a plea filed against the Reserve Bank of India (RBI)'s decision to withdraw Rs 2,000 notes from circulation.

May 31, 2023

RBI stops printing Rs 2,000 notes two years after demonetisation

Demonetisation widened tax net, led to seizure of Rs 900 Cr: Finance Ministry

For 2017-18, net direct tax collections witnessed a growth rate of 18 per cent over 2016-17, which was the highest in the preceding seven fiscal years.

Feb 24, 2023

Demonetisation: Dissenting judgement points out irregularities, says Chidambaram

The minority judgement has pointed out the illegality and the irregularities in the Demonetisation

Jan 2, 2023

'Open court hearing on Oct 12', SC on SEBI's review petition against RIL

Demonetisation: SC affirms Centre's action in 2016

Pronouncing the majority judgment, Justice Gavai said that the decision-making process cannot be faulted merely because the proposal emanated from the Central government.

Jan 2, 2023

Demonetisation: 'Can't fold hands and sit because it's an economic policy', says Supreme Court

RBI counsel said being an economic policy measure, the Supreme Court will not review the decision.

Dec 7, 2022

Will India's auto sector ride out storm post-festive season; automakers take cautious approach

The auto sector has been struggling for more than 4 years now due to demonetisation, GST, and a bad economy. Are things finally starting to turn around? Let's find out.

Nov 4, 2020

Did RBI just flip new 20 rupee coins: Netizens ask if it has a GPS tracker

New Rs 20 coin picture surfaced on social media, yet to be officially confirmed, leaving netizens wondering if it had any special features like a GPS chip. This will be the highest demnomination coin in the country so far.

Sep 18, 2020

Toyota's latest decision shows what's wrong with India's auto sector

Toyota India's Vice Chairman, Shekar Viswanathan, argued that the government keeps taxes on cars and motorbikes so high that companies find it hard to build scale.

Sep 15, 2020

The only time Anurag Kashyap and PM Modi saw eye-to-eye? Demonetisation

Anurag Kashyap has always been vocal about criticising BJP but he revealed that there was only one occasion he was happy with the government.

Jun 4, 2020

Here's why recovery for auto sector would be an uphill task even post Covid-19

The auto industry is staring at a loss of Rs 21,000 crore due to the Covid-19 pandemic and job losses especially in the organised sector will have a direct implication on auto sales, especially two-wheelers.

May 3, 2020

RBI turns 85: Here's a look at its roller coaster ride over the years

The RBI was set up on April 1, 1935, by the British to settle the issue of Remittance between the UK government and its officers serving in India. Here are some events over the years.

Apr 1, 2020

Covid-19 lockdown: Already struggling auto industry staring at Rs 21,000 crore loss

Since 2016 multiple factors including Demonetization, the introduction of Goods and Services Taxes (GST), hike in mandatory insurance, the slowdown in the Indian economy has badly impacted the sales of the auto vehicles.

Mar 25, 2020

Fact checking reports of ATM recalibration to phase out Rs 2,000 notes

Recent reports of Rs 2000 notes to be withdrawn from most bank ATMs are false. Nirmala Sitharaman clarifies, no such instructions have been provided to banks yet.

Feb 28, 2020

demonetisation gdp q2 data growth rate cut nomura analysts rbi mpc meet december 6 and 7 focus shifts to urjit patel modi bank queues sbi bob salary pay day

Here are the 10 biggest business stories from the last decade

It has been a roller coaster ride for the Indian Economy in the last decade. We pick 10 major business news which made the headline during this period.

Dec 27, 2019

Modi distributes black money? SBI customer receives lumpsum amount, believes PM gave away recovered cash

Hukum Singh from Madhya Pradesh was freeloading the amount deposited in his account every month without questioning it, believing that PM Modi was fulfilling his election promise of distributing black money.

Nov 22, 2019

Is realty sector next in line for Finance Minister Sitharaman's booster shot?

FM Sitharaman claimed the government and the RBI are working to resolve issues the realty sector is facing.

Nov 6, 2019

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