Page 73 - Demonetisation
How banks and RBI managed FCNR redemptions
The forex market saw an acute dollar shortage and negative forward premium in November
 "How banks and RBI managed FCNR redemptions")
Demonetisation: Over eight million bidi workers yet to be paid since November 8
Almost 90 per cent workers located in rural areas and lack proper banking facilities and accounts
 "Demonetisation: Over eight million bidi workers yet to be paid since November 8")
Demonetisation has not violated anyone's fundamental right, government tells SC
It has only imposed reasonable restrictions in pursuance to its objective of eliminating black money and counterfeit currency, claims govt
 "Demonetisation has not violated anyone's fundamental right, government tells SC")
Toll collection on national highways to resume from Friday midnight
Ministry elaborated that demonetised Rs 500 notes will be accepted till the midnight of Dec 15
 "Toll collection on national highways to resume from Friday midnight")
Demonetisation impact: Honda Motorcycle sales down in November
Two-wheeler sales dropped by 50% in the first 3-4 days of the announcement
 "Demonetisation impact: Honda Motorcycle sales down in November")
Gold imports stable at 100 tons in November
Rural demand is affected due to cash crunch following demonetisation of Rs 500 and Rs 1,000 notes since November 8
 "Gold imports stable at 100 tons in November")
Crisil slashes GDP growth by 100 bps to 6.9% for FY'17
Agency says that it expects the CPI-based inflation to print lower at 4.7% as compared to its earlier estimate of 5%
 "Crisil slashes GDP growth by 100 bps to 6.9% for FY'17")
Govt faces flak over note culling, tries to assuage concerns
West Bengal CM alleged the salaries people were not being able to withdraw money from their accounts
 "Govt faces flak over note culling, tries to assuage concerns")
Demonetisation becomes a major headache for UP Police
Mobs had indulged in violence at many places, targeting banks and its staff after being told there was either no cash or low amounts of cash
 "Demonetisation becomes a major headache for UP Police")
1.80 lakh ATMs re-calibrated to dispense Rs 500, 2,000 notes
According to the plan, all the ATMs should have been ready by Wednesday
Demonetisation: Myntra not mulling big discounts to boost sales
Demonetisation move had dipped the business of the e-commerce firms in the last 3 weeks
 "Demonetisation: Myntra not mulling big discounts to boost sales")
RBI warns banks and public against misinformation on social media
RBI says that people should rely on information provided on its website
 "RBI warns banks and public against misinformation on social media")
Demonetisation: 42 Kerala treasuries cashless on salary-pension day
Thousands of people were left standing outside treasuries and banks after the Nov 8 demonetisation
 "Demonetisation: 42 Kerala treasuries cashless on salary-pension day")
JDU corners Didi, says Kolkata epicenter of black money
JDU leader says Bihar Chief Minister Nitish Kumar is in support of demonetisation, but wants the government to take stringent actions
 "JDU corners Didi, says Kolkata epicenter of black money")
Telecom revenue growth forecasts cut on higher competition, demonetisation
Revenue growth fell to 4% in September quarter as compared to over 5% average growth in last six quarters
 "Telecom revenue growth forecasts cut on higher competition, demonetisation")
On same page with Nitish on demonetisation: Sharad Yadav
He said he is not opposed to invalidation of Rs 1000 and Rs 500 currency notes, but had concerns over cash crunch faced by poor
 "On same page with Nitish on demonetisation: Sharad Yadav")
Demonetisation in regional press: Bankers taken hostage, fake currency racket boom and more
Long queues, banks running low on cash, shut ATMs and a general public getting impatient; same story in each state
 "Demonetisation in regional press: Bankers taken hostage, fake currency racket boom and more")
Demonetisation and the economy: Signs of distress everywhere
Indian economy is showing signs of distress all around and economists are not off the mark in their assessment
 "Demonetisation and the economy: Signs of distress everywhere")
US backs demonetisation move, says necessary to address corruption
Discontinuance of Rs 500 and Rs 1,000 notes is designed to target illicit cash proceeds from corruption and tax dodging
 "US backs demonetisation move, says necessary to address corruption")
Demonetisation effect: BoFA lowers GDP forecast to 6.9% for FY 2017
India's GDP accelerated to 7.3 per cent in the September quarter, pushed mainly by farm output
 "Demonetisation effect: BoFA lowers GDP forecast to 6.9% for FY 2017")
