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Tag Archives: demonetisation

Govt unveils Rs 9 lakh cr package to boost economy

New Delhi : Seeking to boost note ban and GST-hit economy, Finance Minister Arun Jaitley today announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth. Flanked by all his five secretaries and Chief Economic Advisor, ... Read More »

Bank-charges and Minimum-Balance-Requirement be common for all public-sector banks

(SUBHASH CHANDRA AGRAWAl) Confused State Bank of India (SBI) has marginally reduced bank-charges and Minimum-Balance–Requirement after these were hiked abnormally that too just after demonetisation when Prime Minister was stressing for cash-transactions to be replaced by banking-system. Department of Financial Services-DFS (Government of India) should pull decision-takers at SBI who ... Read More »

India’s Q1 GDP growth falls to 5.7%, hits 3-year low

NEW DELHI: India’s GDP or gross domestic product grew 5.7 per cent on a year-on-year basis during the April-June period (Q1), government data showed on Thursday. During the previous quarter (January- March) the GDP had grown by 6.1 per cent. The GDP growth rate for the same quarter last year was 7.9 per cent. ... Read More »

Post-demonetisation, 99% of Rs 1,000 notes back with RBI?

How many worthless Rs 1,000 and 500 notes were hoarders of black money left holding on to after demonetisation because they couldn’t reveal they had them? No official answer has been provided for eight months, leaving everybody from the common man to the Supreme Court wondering. Now, data put out by the Reserve ... Read More »

RBI Launches Rs. 200 Note; Promises To Ramp Up Supply

Mumbai: The Reserve Bank today launched the bright yellow 200 notes and said it will shortly ramp up the supply of the new currency note across the country. Long queues of people were witnessed at RBI offices today to get the new Rs. 200 currency note that has been introduced ... Read More »

Govt notifies law to make banned note possession punishable

New Delhi : The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000. The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with a view to eliminating the “possibility of running a ... Read More »

BMC poll results: BJP’s win in civic polls a mandate on transparency, says Fadnavis

MUMBAI: As it put up a sterling performance in civic polls across Maharashtra including the cash-rich BMC, Chief Minister Devendra Fadnavis today said BJP’s victory resulted from a vote for transparency and demonetisation. A jubilant Fadnavis, who spearheaded BJP’s poll campaign, said the party’s core committee will decide the future course of action in Brihanmumbai […] Read More »

India’s GDP projected to slow to 6.6 pc post-demonetisation, says IMF

WASHINGTON: India’s growth is projected to slow to 6.6 per cent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of “temporary disruptions” caused by demonetisation, the IMF said today. In its annual report, however, the International Monetary Fund (IMF) said demonetisation would have only short term impact […] Read More »