When the demonetisation of notes of Rs 500 and Rs 1, 000 denomination was announced in 2016 – the

queues outside banks to exchange/ deposit the demonetised notes.... Property transactions in the

Demonetisation, which was announced on this day in 2016, will be marked in the world's economic

demonetisation, GST implementation and the pandemic, ” the report notes.... The report also notes that the

demonetisation in November 2016.In four years since FY18, the household debt has jumped by 720 bps

The number of Rs 2, 000 currency notes in circulation has decreased to 223.3 crore pieces or 1.75 per cent of total notes in circulation( NIC) in November this year, compared to 336.3 crore pieces in March 2018. Printing of banknotes of particular denomination is decided by the government in consultation with the Reserve Bank to maintain desired denomination mix for facilitating transactional demand of public, said Pankaj Chaudhary, Minister of State in Finance Ministry, in a written reply in th

The Reserve Bank of India( RBI) on Monday said nearly 97.69 per cent of the Rs 2000 denomination bank notes have returned to the banking system, and only Rs 8, 202 crore worth of the withdrawn notes are still with the public.... People can deposit and/ or exchange Rs 2000 bank notes at 19 RBI offices across the country.... People can also send Rs 2000 bank notes through India Post from any post office to any of the RBI Issue Offices for credit to their bank accounts in India....

The Reserve Bank of India’s( RBI’s) decision to withdraw the incremental cash reserve ratio( I-CRR) is expected to benefit banks during the festival season.... They are likely to increase deposit TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.... 1699 Opt for auto renewal and save Rs....

NEW DELHI( Reuters)-Indian tax officials have seized more than$ 30 million in cash and gold in raids on suspected tax evaders this week including a record haul of 1.94 billion rupees($ 26 million) and 23 kg of gold ahead of assembly elections in five states. The raids triggered a flurry of accusations from rival political parties over protection for tax evaders as they prepare to compete in the elections, including in the bellwether state of Uttar Pradesh. The seizures also shone a spotlight on

The Indian rupee settled near an all-time closing low against the greenback despite dollar sales by the Reserve Bank of India( RBI) as investors sold the local currency following the release of trade deficit data, which was higher than market expectations, dealers said.... The Indian unit settled at 83.18 a dollar against 83.04 per US dollar on Thursday.... “ The momentum in USDINR from 83.05 a dollar to 83.18 a dollar came as a result of a knee-jerk reaction after India’s trade deficit....