Page 9 - Demonetisation

Demonetisation impact: People's currency holding habits impacted, says RBI

As on October 27, the total currency in circulation (CIC) was lower by 8 per cent on a year-on-year basis

Demonetisation impact: Value of e-payments up 10% in Sept

Mobile banking continued to grow both in terms of value and volume

Demonetisation has widened scope for digitisation among retailers: Study

The study, carried out in two phases- pre-demonetisation and post-demonetisation, found growing acceptance among retailers for digital transaction before DeMo

Note ban impact: How ATM queues, cash crunch created chaos of Goa tourism

Goa's tourism season begins in October as the winter sets in and winds up in March

Demonetisation hit RBI's seigniorage, increased printing cost: SBI Research

The net transfer of profits to the Union govt has fallen drastically during this year by 53.5%

Result of demonetisation is on predicted lines: Arun Jaitley

He said demonetisation, coupled with GST, will give a "significant boost" to direct tax revenues

PM Modi comes to aid: Authorises release of Rs 50,000 to orphan siblings

The siblings had found Rs 96,500 in demonetised currency notes in their locked house

Impact of demonetisation on real estate recedes

States' revenues from stamp duty, registration fees give a useful way of examining trend in deals

Note ban has and may continue to result in a slowdown, warns SBI

Also says that note ban's impact could adversely affect its business

GDP figures don't reflect note ban's impact on informal sector: Pronab Sen

He adds that real impact will be known only by 2018-end

Note ban move was 'extraordinarily foolish', took economy down: Chidambaram

The Congress slammed PM Modi's controversial demonetisation move saying it was an "extraordinarily foolish" measure that had set the economy further back.Reacting to the CSO data which showed the GDP declined by 1.3 percent from 7.9 percent in 2015-16 to 6.6 percent in 2016-17, former finance minister P Chidambaram said what the Congress and the other opposition parties had been saying all along had turned out to be true.Noting he had predicted a decline in GDP by 1 to 1.5 percent after demonetisation on November 8 2016, Chidambaram said the economy was slowing down in 2016 but instead of taking corrective measures, the government came up with the extraordinarily foolish measure that has further set the economy back. This, he said, plunged millions into misery.According to the former finance minister the government had failed on all three key indicators of vibrant economic growth like investment to GDP ratio, credit growth and job creation. The CSO data, he said, had proved the ...

Modi govt to offer tax benefit to promote cashless economy

The move is part of the government's drive to promote a cashless economy, Jaitley said, after the government decided to scrap high-value banknotes last month in a bid to make them worthless for holders of unaccounted wealth.

30% tax advantage for digital transactions, says Arun Jailtey

Finance Minister Arun Jaitley on Tuesday said small traders and businesses will get a tax advantage of more than 30 per cent for digital transactions.

30 days since note ban: Cash crunch no better, ATMs still empty

After 30 days, reports of an ubiquitous cash crunch marked by interminable queues and empty ATMs read almost the same. During the period, some of the BJP parliamentarians have also had a taste of it.

Chakradhar Buddha & Rajendran Narayanan: Demonetising rural India

A cashless economy, at present, is a pipe dream in rural India

Demontisation effect: Scarcity of essential commodities feared in Odisha

Describing the farmers' plight, a cultivator from Odisha said there is no ATM near his village

Indian economy to pick up once impact of note ban fades: IMF

GDP growth pegged at 7.1% for 2016-17 despite the note ban

Axis Bank dismisses 24 staffers, suspends 50 accounts after I-T raids

A preliminary report is expected in 10 days, final report in three weeks

Poll predicts 7.5% GDP growth in July-September quarter

Growth seen picking up from 7.1% in April-June

Huge spike in loan defaults after demonetisation, says Equitas Holdings

The delinquencies in the microfinance business of Equitas Holdings Ltd has gone up almost five percentage point post demonetisation, said the company management. The company may have to make further provisioning during the current fiscal related to the increase in delinquencies."The delinquency in microfinance used to be under one per cent consistently for many years, but in the last few months it has moved substantially up and today it is just under six per cent ," P N Vasudevan, MD and CEO , Equitas Small Finance Bank Ltd told the shareholders in the company's annual general meeting here. The delinquency level has gone up from 0.6 per cent in October 2016 to 5.9 per cent in March 2017.The collection efficiency also came down from 99.5 per cent, to 94 per cent, he added. The impact is from Maharashtra, Madhya Pradesh and Karnataka.N Rangachary, Chairman of the company during the AGM today, said that the impact was not only on Equitas, but also on other companies in the microfinance ..