SBI got Rs 1.93 lakh cr from November 10-25 in cash deposits
Chidambaram claimed that the move will not meet the objectives of curbing corruption, counterfeit currencies and black marketeering
Is demonetisation about dismantling the cash economy? or is it politics by other means?
However, the ongoing restriction on the use of old notes has put promoters in a spot
Absence of comprehensive data protection and privacy laws will be barriers in the govt's digitalisation drive
After demonetisation, asset classes like equities have seen a decline, while debt funds have gained as bond prices rallied. Bullion has also lost its sheen in global markets and India after Donald Trump's victory. Banks have started reducing deposit rates
Short-term disruption due to demonetisation can hurt productivity and export growth in the next few months
AAI has said it will put in place digital payment mechanism at its operational airports
RBI allowed lenders to park such currencies at currency chests at the district level in view of mounting deposits due to the domonetisation drive
Government says departments have no policy on digital payments
Shah, however, expressed his gratitude towards Bihar CM Nitish Kumar for supporting Modi's efforts to fight corruption and black money
Bokil said there should only be a currency of Rs 50 and denominations below that
Taking to Instagram, the delighted Shahrukh Khan shared a picture of him along with his co-star Alia Bhatt to thank his fans
The PM also praised Indians for accepting his government's demonetisation move despite the hardships they've faced
Senior party leader Jairam Ramesh says it has not called for a 'Bharat Bandh' on Monday
Banks can use available technology to ease the pain, reports Tech in Asia
At a rally in UP, he asked people whether the road to black money be blocked, or whether there should be a Bharath Bandh instead
It was intended to end country's 'shadow economy', but it also exposed dependency of poor farmers and small businesses on informal credit systems
While 37.23% respondents to the BS poll felt India could indeed transition to a cash-less economy, 2.06% could not say either way.
The industry body observed that the note ban has come as a bottleneck to the transport business