Demonetisation

Can India tide over economic crisis that may be worse than the 2008 recession?

Goldman Sachs believes the liquidity issue that NBFCs fuelled is only part of the story as the consumption fall is responsible for a third of the overall slump that began snowballing from January 2018.

Oct 18, 2019

Fact Check: Demonetisation again? Rs 2000 currency notes to be discontinued?

A message went viral on WhatsApp that claimed that the RBI will discontinue the Rs 2,000 note from October 10 this year.

Oct 12, 2019

RBI deputy governor Viral Acharya resigns; 'Poor man's Rajan' to return to US

Viral Acharya, who was fondly called 'the poor man's, Raghuram Rajan', had made strong calls for RBI's independence.

Jun 24, 2019

Money raised from note ban given to 15 people by PM Modi: Rahul Gandhi

Rahul Gandhi made the statement while addressing a rally in favour of Congress candidate Geeta Koda.

May 7, 2019

a worker cycling by an Indian oil refinery

$100 crude: Will new govt slip on boiling oil after Lok Sabha elections?

Trump's squeeze on Iran oil raises the spectre of a rapid rise in oil prices and the Indian economy suffering as the new government's elbowroom to stimulate growth dwindles.

Apr 30, 2019

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Demonetisation is the biggest scam in India's history, says Kapil Sibal

"It is sad that our agencies will investigate the opposition, but not those in power," says Sibal.

Apr 9, 2019

GST rate cut: Real estate sector eyes massive demand spurt

Widening of 'affordable housing' category and rate reduction expected to give a push to Narendra Modi government's 'Housing for All 2022' programme.

Feb 25, 2019

Election-year uncertainties inhibit market after RBI rate cut surprise

Feel-good vibe of interim budget ebb as worry over large borrowings and choppy global indices spur risk aversion.

Feb 8, 2019

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Massive tax benefits on the cards? Jaitley could double IT exemption limit to Rs 5 lakh

The BJP-led government might offer relief to tax payers considering that it has been able to widen the tax net in the years after demonetisation.

Jan 15, 2019

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RBI stops printing Rs 2,000 notes two years after demonetisation; how safe is your cash?

The government had introduced the Rs 2,000 notes to arrest the cash shortage in economy following the demonetisation decision announced by Prime Minister Narendra Modi on November 8, 2016.

Jan 4, 2019

IMF chief economist throws his weight behind Narendra Modi

Maurice Obstfeld, however, supports the RBI, saying the central bank's independence is a must for ensuring financial stability.

Dec 10, 2018

Demonetisation threw up political, economic puzzles: Arvind Subramanian

The former Chief Economic Advisor also said that the autonomy of RBI must be protected because the country will benefit from having strong institutions.

Dec 10, 2018

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Fitch lowers Indian economy's growth estimate; says rupee will weaken in 2019

Fitch said widening current account deficit and increasingly challenging global economic conditions will cause the rupee's slide.

Dec 6, 2018

BJP not doing issue-based politics, says Ashok Gehlot

On demonetisation, Gehlot said it was a black chapter and the Prime Minister "shattered" the country's economy.

Dec 2, 2018

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Demonetisation continues to haunt India as notes printed in 2016 becomes unusable

The scale of the problem is so huge that apart from the Rs 2,000 and Rs 500 notes, even the newer Rs 10 notes, which were issued this year have also started to become 'unusable'.

Nov 30, 2018

Madhya Pradesh elections: No substance in what PM Modi speaks, says Rahul Gandhi

The Congress leader said the Shivraj Singh Chouhan government in the state destroyed the education sector with Vyapam, the entrance examination, admission and recruitment scam unearthed in Madhya Pradesh in 2013.

Nov 23, 2018

Half of India's ATMs to close down by March 2019; is 'Digital India' ready?

The Confederation of ATM Industry (CATMi) has warned against another financial shock which may arrest the cash supply in the economy.

Nov 23, 2018

Chidambaram responds to PM Modi's challenge, lists non-Gandhi Congress presidents

On Friday, Modi had slammed Congress after MP Shashi Tharoor's remarks that a "chaiwala" (tea-seller) became the Prime Minister because of Jawaharlal Nehru's commitment to democracy.

Nov 17, 2018

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PM Modi steps in to quell RBI-North Block spat

The Prime Minister may have met RBI chief Urjit Patel to defuse RBI-Finance Ministry dispute ahead of the announcement of the action plan to boost MSME sector.

Nov 13, 2018

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RBI board had rejected govt's assertion that demonetisation would curb black money, fake currency

The minutes of RBI's central board, convened on 8 November, 2016, revealed that the directors also expressed concern about the short-term negative impact the exercise would have on the GDP.

Nov 9, 2018

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