Page 23 - Demonetisaton

Demonetisation presents opportunity to buy MFI stocks

As the pain is transitory in nature, the risk-reward has turned favourable for Bharat Financial, Equitas and Ujjivan

Govt extends toll exemption on NHs till Nov 24 midnight

The decision has been taken to ensure smooth traffic flow and provide relief to the cash-starved people

Opposition punches hole in govt's claims on bad loans, black money

CPI (M) chief Sitaram Yechury said Arun Jaitley's clarification in Rajya Sabha on NPAs was incorrect and accused him of having misled' Parliament

Commerce Ministry pushes cashless transactions, ATMs to pull crowds to global Trade Fair

Ministry ups efforts after demonetisation expected to take a toll on footfalls and sales

Telangana CM to submit a blueprint on corrective steps to Modi

PM Modi advised Rao to come to Delhi for a meeting to have a detailed discussion on the issues raised by him

Day 9 of demonetisation: Many skip offices to stand in queues for cash

On Thursday, many skipped their offices, for a second day in a row, as their previous attempts to withdraw cash proved futile despite standing in queues for hours

Demonetisation: NE industry demands more govt spending in infra projects

According to industry estimates, there has been a 25% drop in business activities across sectors in the region

Mamata, Kejriwal warn of public revolt over demonetisation

Kejriwal alleges a conspiracy behind the Prime Minister's decision to spike Rs 500 and Rs 1,000 currency notes which led to a cash chaos across the country

Demonetisation: Indelible ink use is eyewash, says Bank staff union

BEFI said banks had no idea where from they would collect indelible ink or who would supply it

Banks getting back to normal, queues getting shorter, says ICICI CEO on demonetisation

Chanda Kochhar said ICICI has been the first bank to provide currency notes of Rs 2,000, Rs 500 and Rs 100 simultaneously at its ATMs

Rajnath speaks to Uddhav, Sena sticks to its criticism

Shiv Sena, the oldest ally of BJP on Wednesday joined a march to Rashtrapati Bhavan led by TMC chief Mamata Banerjee

Don't hoard currency, sufficient notes in supply: RBI

Govt has eased restrictions on cash withdrawal by farmers and families in the middle of marriage and sowing season

Bold move to curb shadow economy: Demonetisation gets thumbs up from Bill Gates

"The Prime Minister's bold move to demonetise high-value denominations and replace with new notes with high security features is an important step to deflate India's shadow economy," Gates said. Delivering the Second Transforming India Lecture organised NITI Aayog here on Wednesday, Gates said that shift to digital transactions will enhance transparency and reduce leakages. Modi, in surprise decision on November 8, demonetised currency notes of Rs 500 and Rs 1,000 denomination, replacing them with new Rs 500 and Rs 2,000 bills. "The Prime Minister's bold move to demonetise high-value denominations and replace with new notes with high security features is an important step to deflate India's shadow economy," Gates said. India, he added, "has all the pieces in place for a compelling vision for digital financial inclusion. Aadhaar will convert a cumbersome, paper-based account opening process into a 30-second, all-digital system." He was of the view that Aadhaar will also create a cen

India's bank note reform may reduce inflation further: Singaporean bank

Development Bank of Singapore, however, cautioned that the move is likely to hurt consumption

Withdraw Rs 25000 a week: Govt announces measures to ease cash crunch for farmers

Farmers will be able to withdraw up to 25,000 rupees per week against their crop loans

Nifty Realty Index down 20% since demonetisation: Delta Corp, Ansal Housing, DLF worst hit

The Nifty Realty index has lost nearly 20% since the demonetisation move. By comparison, the Nifty50 index has slipped around 5%

Indelible ink fails to make impression; long lines at banks for 7th straight day

In the absence of indelible ink, bank officials and police had a tough time managing the crowds, since they could not identify people making repeat visits.

'Money pullback good for markets in the long run'

NIRMAL JAIN, chairman of IIFL Group, explains the impact of demonistisation in an interview with Rajesh Bhayani. He says the process is like de-printing money and that it will help the economy. Edited excerpts:

Bombay HC refuses to hear plea against demonetisation

Supreme Court is already hearing a petition on the issue

Risk averse gold traders on edge as Modi fights 'black money'

There are fears that PM Modi might soon add curbs on overseas purchases of the metal from early next year to March