Page 21 - Demonetisation

Letter to BS: The purpose of introducing Rs 2000 notes has gone astray

It may be recalled that the government had publicly claimed that these notes could never be faked, thanks to their built-in security mechanism

DeMO led to highest fake notes, over 480% jump in dubious deposits: Report

As part of FIU's detection mechanism to check black money generation post demonetisation, the report said that the liberalised scheme of opening bank accounts with minimum KYC requirements

Aftermath of demonetisation: Cash crunch hobbles White Label ATMs

Reduced interchange charges have made the sector unviable

Economy disrupted by lingering impact of demonetisation, GST roll-out

Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates

Demonetisation succeeded in unearthing black money: FM Arun Jaitley

Circulation of high value notes have been brought down effectively, Jaitley said in the reply

The futility of demonetisation: Cash is back, and with a vengeance

In less than 15 months, the currency in circulation has exceeded the amount held when demonetisation was done

Statsguru: Households' financial assets recover from demonetisation shock

Gross financial assets of households fell from 95.2% of GDP at the end of Q2 of 2016-17 to 89.2% at the end of Q3 of 2016-17, the period when the note ban was announced

How RBI is disposing of demonetised currency worth Rs 15.28 trillion

The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion

Govt to test Rs 10 plastic note, won't discontinue Rs 2,000 note

The government had scrapped old Rs 500 and Rs 1,000 notes on November 9 with an aim to check black money and push digital economy

Quick savings recovery after demonetisation jolt: Reserve Bank of India

According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban

India seems to be on way to recovering from demonetisation disruptions: IMF

India's economy has expanded strongly in recent years, thanks to macroeconomic policies that emphasise stability Tao Zhang, Deputy Managing Director of IMF said.

Gurgaon Police arrest five men with 4.9 mn old Rs 500, Rs 1000 notes

Sanjay Lal, Bithal Keser, Lucky Sharma, and Satya Narayan Mandal have been arrested

CIC summons PMO officials having records related to demonetisation decision

CIC had sought to know from the PMO the certified copy of the approval accorded by the Prime Minister on the file relating to demonetisation

Note ban, GST effect: SC cases involving Centre rise 8% in last 1 year

According to latest law ministry data, between January 1 and December 31 last year, 4,229 cases were filed in the top court in which the Centre was a party

Cash with public at 98% of pre-note ban levels, says RBI

The CwP, on a year-on-year basis, was up 69.9 per cent or Rs 6,864.8 billion at the end of the first week of February

India's growth slowed due to note ban, GST; rising NPA a concern: US

The report expressed concern over increasing share of non-performing loans (NPLs) in India's banking sector

Deposited 'large amount of cash' during note ban? File ITR by March 31

The department said it was the final call for filing of belated or revised ITRs for assessment years 2016-17 and 2017-18

Cash in economy back to the pre-demonetisation level of Rs 18 trillion: NCR

NCR Corporation's MD Navroze Dastur said demonetisation, and the scarcity of cash created because of it, did impact the ATM business

Demonetisation badly hit FICN, hawala trade: Govt

The government had on November 8, 2016 announced demonetising of Rs 500 and Rs 1,000 currency notes

Note ban hurt daily wager, contractual jobs, govt's own survey shows

The survey showed regular jobs rose by 197,000 in January-March 2017, compared with job creation of 139,000 the previous quarter