Page 13 - Demonetisaton

RBI asks banks to maintain records of new currency

It has been felt necessary to put in place an appropriate reporting system to keep track of issuance of these banknotes by the currency chests, RBI said

Discount on petrol, diesel buy via digital mode from midnight

The 0.75% discount on payments made using either credit/debit cards, e-wallets or mobile wallets will translate into a rebate of 49 paisa a litre on petrol and 41 paisa on diesel

Rs 1.55 cr in new currency notes seized from businessman

Out of the total amount, Rs 1,54,06,000 was in Rs 2,000 notes, while the remaining Rs 75,000 was in new Rs 500 notes

Demonetisation to have positive impact on economy: Adi Godrej

Commenting on GST, he said the Centre needs to take steps to resolve issues with states for its implementation from April 1 next year

3-day bank holidays add to people's cash woes

The banks are likely to witness a rush of people tomorrow, when the operations resume

Indian cotton exporters suffer despite lift of ban by Pakistan

Low arrivals restrict Indian exporters in booking new contracts from Pakistan

UK minister praises Narendra Modi for demonetisation

A key member of British PM Theresa May's Cabinet, Patel has often spoken out in favour of Modi's initiatives

Income Tax dept seizes Rs 1.56 cr from cooperative bank in Jaipur

IT department conducted a raid at the Integral Urban Cooperative bank yesterday

Modi a tyrant who has caused havoc, pushed people into distress: Asaduddin Owaisi

Asaduddin Owaisi said the revolution which Modi was dreaming to bring about with the November 8 demonetization would never come as it had pushed people into distress

Why weren't currency notes printed abroad to overcome shortage?

Why has the government not engaged foreign printing presses, when they could have resolved the current cash crunch being faced due to demonetisation, Anuj Srivas finds out

Former bureaucrat writes to PM Modi demanding probe into extravagance at VVIP weddings

Hundreds of commoners were compelled to cancel weddings following the note ban due to cash shortage

DigiShala: The new 24/7 gov TV channel for cashless lessons

As of now, it has only three to four hours of original content

Cash prize of Rs 1 cr: Lucky draws on cards to boost digital payments

All consumers and merchants using digital payments will be eligible for the draws, a release by NITI Aayog said

Prices don't matter as far as cracks remain in same range: HPCL CMD

M K Surana does not see any adverse impact of OPEC decision to cut output

Legalising the currency ban

The jury is out on whether an ordinance or an amendment in the RBI Act is required

4 indicators of India's cashless growth, hurdles to future expansion

53% of adults in 35 high-income countries have credit cards, 2.1% Indians do; increased from 17.7 mn in 2011 to 26.4 mn in Aug 2016

Demonetisation: Bengal BJP says Mamata Banerjee has lost her mind

Reacting sharply to Ghosh's statement, the TMC today said that after failing to fight Banerjee on her stand on demonetisation, the BJP has started spewing "dangerous personal threats to the Bengal CM"

I'm a former PM but even I don't know how to use a mobile: Deve Gowda

He said PM's idea of asking villagers to to use phone banking is a no brainer

I-T Dept probing source of Rs 2.6 crore seized from Delhi law firm

Acting on a tip-off, the police recovered the currency from the T&T law firm owned by Rohit Tondon late on Saturday night

23% Jan Dhan accounts still without balance; deposit surge abates

Deposits in the 25.8 crore such accounts totalled Rs 74,609.50 crore at the end of December 7, as per the Finance Ministry data