Page 35 - Demonetisation

Did Modi's note ban hit Bangladesh hard?

Figures show only a marginal dip in remittances to the country post note ban

Govt conducts 1,100 searches, issues 5,100 notices post demonetisation: FM

This led to seizure of valuables worth over Rs 610 crore, of which as high as Rs 513 crore were in cash

Bank staff colluded to exchange old notes worth Rs 71.5 crore: Govt

The highest over Rs 46.29 cr was transacted through three branches of Axis Bank, Gangwar said

Restrictions removed, re-monetisation almost complete: Shaktikanta Das

Earlier in the week, RBI announced lifting of restrictions on daily withdrawal of cash

Demonetisation irregularities: 156 senior PSB officials suspended

Additionally, 41 officials transferred; 26 criminal cases filed

Firms may have to pay wages of Rs 10,000 or above by cheque, bank transfer

This would be mandatory for availing tax credit; it does not apply to individuals

Holding old Rs 500, Rs 1000 notes to be punishable soon as govt tables Bill

The TMC opposed the move calling it 'illegal' and 'anti-national'

Carmakers might override speed bumps of note ban

Likely to race to double-digit growth in FY17

Demonetisation: I-T Dept asks taxpayers to verify deposits online

The website also provides for the taxpayer to explain the source of cash deposit

Demonetisation: Govt spent Rs 94 cr on ads to popularise e-payments

DAVP has paid over Rs 14.95 cr for advertisements from Nov 9 to Jan 25

Demonetisation great move for India in longer term: Apple CEO Tim Cook

Cook adds that the impact of demonetisation has not worked its way through yet

Demonetisation drives Bajaj's Q3 net down 5% to Rs 924 cr

Income from operations slipped 9% to Rs 5,354 cr

I-T lens on deposits of Rs 4.17 lakh crore by 1.8 mn persons

Banned notes deposited in over 7 million accounts of PAN cardholders

CBDT identifies 18 lakh people with suspicious deposits post demonetisation

The CBDT Chairman said 10 days' time would be given to people to reply to the e-communication

Demonetisation, GST to help retail sector: Walmart India CEO

Demonetisation, series of structural reforms and the implementation of Goods and Service Tax will propel the retail sector into the modern economy, and help attract significant foreign investment, Walmart India CEO, Krish Iyer said today. "Demonetisation, structural reforms and GST will propel the retail sector into the modern economy, and help attract significant foreign investment," he said. "Measures by the government like allowing 100 per cent FDI in food retail, and ease of doing business is going to benefit the entire food chain from farmers to food processing industry," he added. Speaking of the effects of demonetisation on the company, he said it adversely affected business for the first few weeks, but subsequently benefited Walmart India. "Non-cash transactions account for 70 per cent of business now compared to 30 per cent pre-demonetisation," Iyer said. He said that going forward Walmart will focus on reducing food wastage considerably, as well as increase access t

Note ban may delay banks' asset quality recovery, says Fitch

As the cash shortage had a 'disruptive impact' on India's informal economy

ED probing legal remittance routes after note ban

Has 3-day meet on action plan; officials believe up to Rs 3,000 cr was taken out of the country

RBI lifts ATM cash withdrawal limit from Feb 1

Removes limits on current, overdraft accounts immediately

Demonetisation to usher in positive changes: Steel Minister Birender Singh

Singh also said that with cash back in circulation, the initial hardships faced have been eased

Demonetisation crisis may push back AQR exercise by few months

Lenders recognised over Rs 1 lakh cr of bad assets in the December quarter