With a shroud of secrecy around the decision, most of the nation was caught unawares
The government now fears black money holders will use airline counters as a loophole to transact in cash
Analysts cautious, given structural problems facing public sector banks
I-T department came into action after they received information on jewellers and hawala operators discounting banned notes at 40%
FM Arun Jaitley has assured small depositors that the I-T department will not hound them for depositing Rs 500 and Rs 1,000 notes
Those without adequate cash in lower denominations like Rs 50 and Rs 100 may have their policy lapsed if the 15-day grace period also passes
Cash deposits above Rs 2.5 lakh could attract tax besides a penalty in case of income mismatch
HFCs and banks expect a drop in demand for housing loans in the short-term
Business Standard presents your survival guide for living in a cash-less urban India for the next 48 hours
None were aware of the decision to demonetise the older banknotes of Rs 500 and Rs 1,000 denominations
This demonetisation move may not curb the root cause of black money
Vijay Shekhar Sharma, head of Paytm, says they'd achieve their 500-million user target by 2018, two years before the earlier aim
RBI is being requested of the grace period so that the daily operations of MFIs can be sustained
The government will get a report of cash deposited in bank accounts
Jewellery retailers selling at huge premiums against Rs 500/1,000 notes
The secondary market where cash component is high would be negatively impacted first
Brands are using the ban on currency notes to drive customer engagement and visibility on social media
Says demonetisation would change the way people spend and keep their money; all bank branches to remain open on Saturday and Sunday this week
Penalty for unaccounted income could range from 50% to 200% of evaded tax
If the money disappears, as some hoarders would not like to be seen with their cash pile, the economy will not benefit