Page 77 - Demonetisation

PM urges all to support digital economy and cashless society

PM Modi said the fight against black money and the amendments in the income-tax law is an initiative aimed at benefitting the poor

Demonetisation: Digital payment firms betting big on cash crunch for biz boost

Digital payment providers in India have mobilised hundreds of extra workers to enrol small merchants and offered their services for free

Demonetisation: RBI extends withdrawal limits

RBI reveals that banks across the country have received Rs 8.45 lakh crore in the period between Nov 10 and Nov 27

Post demonetisation Paytm hitting more than five million transactions in one week

Paytm claims to have added 1.5 lakh merchants to its network of 10 lakh merchant network across India that accepts digital wallet payments

Demonetisation: Kaushik Basu wants move rolled back, at least partially

Says govt could declare that Rs 500 notes, which many poor people frequently use, are legal tender again

Demonetisation effect: Postal officials booked for Rs 36 lakh cash exchange fraud

3 postal officials allegedly converted old currency notes worth Rs 36 lakh with new ones without necessary documentation

Nitish Kumar says 'analysis' over his demonetisation stand baseless

'During the UPA rule, I being in the NDA had supported GST in the interest of Bihar and the country', Nitish Kumar

Consumer sentiment and expectations peak

Dramatic improvement in the week ended November 27, as consumer sentiment index rises 8%, the most since index launch

Yet another disclosure scheme with 50% tax rate

Revenue Secretary said I-T Dept wouldn't ask for source of funds deposited in banks from Nov 10, if entire income is declared and 50% taxes are paid

Demonetisation: Apparel sales down 30-40% on liquidity hit but improvement expected

Despite the onset of wedding season, the situation in apparel retail market remained unchanged and saw sharp decline in sales

Note ban hits petchem, polymer units

Large companies have seen 25% decline in businesses in the past three weeks, expect normalcy soon

Duties on POS devices cut by 16.5%

POS machines will be exempted from 12.5% excise duty and 4% SAD till March 31, 2017, says source

Panel of CMs to push cashless economy

Modi government plans to set up a committee of five or six chief ministers to suggest ways to promote digitisation

RBI relaxes cash withdrawal rule

People depositing money with banks in legal tender are allowed to withdraw the equivalent amount without any restriction

Sarafa Bazar loses its glitter

In the second of a six-part series, Sanjay Jog walks across the streets of Indore to find out how it has been hit by demonetisation

Banks get about Rs 8.45 lakh cr worth of scrapped notes: RBI

Public withdrew Rs 2.16 lakh cr from accounts/ATMs since Nov 9

Weather gods, indebted farmers and Modi's demonetisation

It will be clear only after post-harvest production figures come, whether the farmer has lost or won by the govt's demonetisation move

Poor response to Bharat Bandh in Chhattisgarh

It was business as usual, commercial establishments were not impacted; train services were normal, vehicles ran smoothly

Govt not to ask for source of bank deposits, says Hasmukh Adhia

The disclosures will enjoy immunity from wealth tax, civil and other taxation laws

Demonetisation hits petchem, polymer units

Large firms expect normalcy in a few weeks