Page 15 - Demonetisation

After 100 days of note ban, it is business as usual in real estate

In Mumbai, builders have once again started asking for part payment in cash

Rs 27k crore saved under DBT scheme since November 9

About 35% people have taken to debit card, RuPay card, others for making payments in Haryana

Over Rs 153 cr awarded to 10 lakh to promote e-payments: Amitabh Kant

The winners belong to diverse socio-economic backgrounds

Demonetisation not mistake, but deliberate assault on people: Rahul Gandhi

Gandhi also said Modi owed Indians an answer on why he inflicted a deep wound like demonetisation when pressing problems like unemployment remained

Demonetisation lowers sales, raises textile inventories in Q3

After a strong start this festive season, textiles and apparel manufacturers and retailers witnessed a sharp contraction in demand due to liquidity crisis post demonetization of high value currency notes in November 2016.If the latest study by Edelweiss Securities has to be believed, India's No 1 pure fashion and lifestyle company - Aditya Birla Fashion and Retail (ABFRL) - has lost Rs 100 crore in sales across all its textile business verticals due to demonetization. ABFRL - the producer of India's most admired apparel brands i.e. Louis Philippe, Van Heusen, Allen Solly, Peter England and Pantaloons - has posted 4.8 per cent growth in revenue (yoy) and 8.8 per cent dip in EBIDTA. "ABFRL saw strong start to festive season till first week of November 2017, post which growth trajectory was largely impacted by demonetisation. Wholesale channel has largely reverted back to normal in Q4FY17 and up-stocking should start in Q1FY18, resulting in better growth. The company has reduced working .

New agency to probe anomalies in I-T returns filed by 18 lakh post note ban

Minister Radha Mohan Singh said post demonetisation, Rs 15 lakh crore have been deposited in banks

Note ban significantly impacted credit demand, deposit growth: Moody's

Moody's said the slowdown in loan growth may also have been in part due to loan repayments

Note ban might affect some sectors in Q4: RBI

Impact of demonetisation may be seen on some segments of the economy in the fourth quarter, RBI deputy governor Viral V Acharya said on Monday. He also said the remonetisation excersise should be completed in 2-3 months.Asked if spillover of notes ban could extend to January-March quarter, Acharya, who came to participate in the G-20 preparatory meeting in the finance ministry here, said the impact could be felt in some segments."Ultimately, the cash shortage is like the liquidity shock and unless it had led to a substantial wealth destruction one would expect its effects to be quite temporary. I'm not saying that the temporary impact is not hard on some parts of the economy, you would expect the effect to be temporary," he saidThere may be a couple of sectors, like 2-wheeler sales, where there is slightly slower rebound, he said.When asked about the GDP estimate, he said, "you can see our MPC resolution which is that our estimate was actually reasonably close to that (of CSO ...

Parliamentary panel to submit demonetisation report during Monsoon Session

RBI Governor will not be called again on the note ban issue: Committee's chairman

Demonetisation effect: Fishermen to keep away from sea

Decision to this effect was taken at a meeting convened by the Mechanised Boats Fishermen Association here on Friday

US banks close rupee exchanges after large bills ruled illegal

Currency exchange providers in the US have been unable to take the outlawed bills

Note ban effect: I-T dept issues 5,100 notices for suspicious deposits

I-T dept has conducted more than 1,100 search and survey operations and issued about 5,100 notices

Note-ban effect: Tax receipts jump to record levels

Income tax net collections grew at 14 per cent, the highest in three years

Demonetisation effect: Rural India still faces cash shortage

According to RBI data, currency in circulation was Rs 13.12 lakh cr as of March 24

Demonetisation impact: Over 1.2 mn PoS terminals added in 3 months to March

Govt undertook a major drive to promote digital transactions from December onwards

Cost of demonetisation: 1.52 mn casual workers in eight sectors lost jobs

Sectors include information tech, transport, manufacturing

IAF charged Rs 294 mn to ferry new currency notes post-demonetisation

IAFs frontline transport aircraft, the C-17 and C-130J Super Hercules, undertook 91 sorties to transport bundles of currency from security printing presses to various destinations across the country

In Tirupur, no cash to pay workers who dress up best global brands

Business Standard checks out trade hubs across the country to assess the impact of demonetisation. The first of a six-part series takes a look at Tirupur

Demonetisation: Surat, world's diamond polishing hub, faces a big cut

In the third of a 6-part series, here's an assessment of the impact of demonetisation diamond and textile units in Surat

OMCs may absorb extra charge for digital transactions at fuel outlets

Oil Minister Dharmendra Pradhan said consumers and outlets will not be burdened with MDR charges