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Page 2114 - Economy & Policy News

Cash is still king as circulation nears pre-demonetisation level: Report

As on June 16, currency in circulation was Rs 15.29 lakh cr, or 86.2% of pre-note ban level

Cash is still king as circulation nears pre-demonetisation level: Report
Updated On : 07 Oct 2019 | 11:49 AM IST

Demonetisation made our shampoo, soaps, biscuits unavailable at stores: ITC

Shareholders expressed grievances that ITC's FMCG products were difficult to locate at super stores

Demonetisation made our shampoo, soaps, biscuits unavailable at stores: ITC
Updated On : 07 Oct 2019 | 11:49 AM IST

Not so lavish: Hotels are seeing a dip in wedding business after note ban

Not sure of demonetisation but more weddings organised at smaller scale: Chief executive officer

Not so lavish: Hotels are seeing a dip in wedding business after note ban
Updated On : 07 Oct 2019 | 11:49 AM IST

Demonetisation effect: Advance tax collections up 42%, returns filed up 25%

Returns filed by this date stood at 28.3 mn against 22.7 mn in corresponding period of 2016-17

Demonetisation effect: Advance tax collections up 42%, returns filed up 25%
Updated On : 07 Oct 2019 | 11:48 AM IST

I-T says no inconsistency in estimates of taxpayers after demonetisation

Clarification comes after there was a mismatch in figures shared by PM Modi and Eco Survey-II

I-T says no inconsistency in estimates of taxpayers after demonetisation
Updated On : 07 Oct 2019 | 11:48 AM IST

Demonetisation came at a huge cost for Indian economy, says Raghuram Rajan

He also added that the GDP and informal economy have both suffered due to note ban

Demonetisation came at a huge cost for Indian economy, says Raghuram Rajan
Updated On : 07 Oct 2019 | 11:38 AM IST

India lost Rs 2.25 lakh cr in GDP to Modi's hunt for black money: Congress

He said that Modi had repeatedly made 'false statements' on the decision

India lost Rs 2.25 lakh cr in GDP to Modi's hunt for black money: Congress
Updated On : 07 Oct 2019 | 11:36 AM IST

Day after note ban jolt, govt steps up defence

On Twitter, #DemonetisationSuccess was top trend and almost all ministers sent out tweets under this

Day after note ban jolt, govt steps up defence
Updated On : 07 Oct 2019 | 11:36 AM IST

RBI report on demonetisation: Financial savings in insurance, shares rise

Demonetisation reduced the currency in circulation by 2.1%, but deposits rose from 4.8% to 7.3%

RBI report on demonetisation: Financial savings in insurance, shares rise
Updated On : 07 Oct 2019 | 11:36 AM IST

Govt rushes to defend demonetisation as doubts grow

Government said the number of tax returns in the year to end-March had grown 17.3%

Govt rushes to defend demonetisation as doubts grow
Updated On : 07 Oct 2019 | 11:36 AM IST

After 'nasbandi' Indira lost; after 'notebandi' BJP will lose: Trinamool

He also accused the party of winning the election by fooling people for a short while

After 'nasbandi' Indira lost; after 'notebandi' BJP will lose: Trinamool
Updated On : 07 Oct 2019 | 11:36 AM IST

Too early to call demonetisation a failure, say experts on RBI report

With almost all denotified notes returned to RBI, can we call demonetisation a success?

Too early to call demonetisation a failure, say experts on RBI report
Updated On : 07 Oct 2019 | 11:36 AM IST

99% of banned notes returned after demonetisation: RBI annual report

RBI annual report says Rs 15.28 lakh cr of the junked currency came back, leaving only Rs 16,050 cr

99% of banned notes returned after demonetisation: RBI annual report
Updated On : 07 Oct 2019 | 11:35 AM IST

RBI annual report: 0.76 mn pieces of counterfeit notes detected in FY17

During 2015-16, 6.32 lakh pieces of fake currency notes had been detected

RBI annual report: 0.76 mn pieces of counterfeit notes detected in FY17
Updated On : 07 Oct 2019 | 11:35 AM IST

Significant portion of deposited currency could be black money: Govt

Tax authorities have found undisclosed income of Rs 17,526 crore and Rs 1,003 crore has been seized

Significant portion of deposited currency could be black money: Govt
Updated On : 07 Oct 2019 | 11:35 AM IST

Money has now been identified with its owner: Jaitley on RBI report

Says next step will be to cleanse political funding

Money has now been identified with its owner: Jaitley on RBI report
Updated On : 07 Oct 2019 | 11:35 AM IST

Demonetisation left J&K separatists, Maoists 'fund-starved': Arun Jaitley

Finance Minister claimed note ban brought down incidences of stone pelting in Kashmir

Demonetisation left J&K separatists, Maoists 'fund-starved': Arun Jaitley
Updated On : 07 Oct 2019 | 11:35 AM IST

Demonetisation achieved its main aim of making India tax-compliant: Jaitley

His statement comes a day after RBI data revealed that almost all the scrapped notes were returned to banks

Demonetisation achieved its main aim of making India tax-compliant: Jaitley
Updated On : 07 Oct 2019 | 11:34 AM IST

2G scam was loot, note ban is morally correct: Jaitley to Manmohan

Manmohan Singh called demonetisation an organised loot, legalised plunder, also terming it as a reckless exercise

2G scam was loot, note ban is morally correct: Jaitley to Manmohan
Updated On : 07 Oct 2019 | 11:34 AM IST

Watershed moment in India's economic history: Jaitley on demonetisation

In a blog on Facebook, the finance minister wrote, 'Indians were forced to live with this attitude of 'chalta hai' with respect to corruption and black money'

Watershed moment in India's economic history: Jaitley on demonetisation
Updated On : 07 Oct 2019 | 11:34 AM IST