Page 4 - Demonetisaton

After note ban, banks flush with cash but India Inc in no shape to borrow

Rising NPAs and sluggish economic growth sparked a 60% decline in corporate borrowing

Banks, OMCs to bear card payment charges at petrol pumps: Pradhan

He said that it isn't clear yet who would bear the share of these charges

Over 4 lakh seized from a vehicle in Uttar Pradesh

The car was seized after the occupant failed to show any valid documents for the possession of cash

Fitch revises GDP growth estimate for current fiscal to 6.9%

Fitch said there were considerable uncertainties over the potential positive effects of note ban

Demonetisation to adversely impact consumer goods sector in Q3: Report

The quarter began on a promising note for most businesses, aided by good festive demand

Inflation seen cooling in December as cash crunch hit demand: Poll

Industrial output likely accelerated 1.3 percent in November from a year ago

TMC slams BJP for launching 'political vendetta' on opposing parties

Continuing their fight against demonetisation the Trinamool Congress on Wednesday asserted that the currency swap has adversely affected the nation, asserting that the ruling party has been carrying out a 'political vendetta' against all parties opposing demonetisation.Taking their agitation against banning of high denomination notes forward, TMC leader Derek O' Brien said that 45 MP's of West Bengal Chief Minister Mamata Banerjee will meet President Pranab Mukherjee later today to discuss the ill effect of demonetisation on the nation."The Trinamool Congress has been holding protests across the country, in fact in nine states, today is the third day in Delhi. The state of the nation is not good," said Brien."Our 45 mps will go and talk to the President today and we are very thankful for him to give us time at 2 pm today. We will also give him a memorandum," he added.The TMC MP also slammed the Bharatiya Janata party (BJP) for launching political vendetta against their movement ...

People looking for opportunity to vent out anger against Modi, says Kharge

Terming it a 'scam', the Congress even demanded a judicial probe into the demonetisation scam

Vegetable prices crash in mandis on bumper crop

Experts estimate 10-15% rise in vegetable production this year; lower food inflation likely

NITI Aayog: No effect of note ban on rabi sowing, prices of crops

Ramesh Chand cites four-fold impact on farming - area sown, crop pattern, productivity, market

Cash deals worth Rs 25,000 cr move to digital mode post note ban: Survey

Post demonetisation, cash-based transactions worth Rs 25,000 crore have moved to the digital mode, says a survey. The Economic Research Department of State Bank of India carried out the survey from December 30, 2016 to January 3, 2017 so as to understand the nuances of demonetisation. It showed that 15 per cent of transactions moved to electronic payments such as m-wallets and Point of Sale machines. "This means that Rs 25,000 crore of cash based transactions have moved to digital in the last two months. If this is so, this is a good beginning," SBI Research said in its Ecowrap report. This number could have been even higher because the behavioural shift has not happened yet and many merchants still prefer cash transactions when the amount is not large, the survey said, adding that a number of merchants are facing connectivity issue at POS machines. It further noted that around 69 per cent of the respondents affirmed that their businesses were impacted and the

Tax evasion suspected in Rs 3-4 lakh cr deposits post note ban

The deposits of more than Rs 13,000 crore in Regional Rural Banks have also been disseminated

10% of demonetised currency won't return to the system: Niti Aayog's Debroy

Quite clearly, there is excess cash in India that needs to be reduced, Debroy said

Govt advised RBI on note ban 1 day before Modi's announcement: Report

Further, no discussions regarding demonetisation were held during RBI board's meetings in May, July and August

Govt advised RBI on note ban 1 day before Modi's announcement: Report

Further, no discussions regarding demonetisation were held during RBI board's meetings in May, July and August

Only Rs 75,000 cr in old notes still remains out of banking system: Report

As on November 8, of approximately Rs 17.50 lakh crore currency in circulation, the Rs 500 and Rs 1,000 notes made up about Rs 15.50 lakh crore, or 88 per cent of the total.

Note ban pain ending; move to help track black money holders: Jaitley

FM says PM is thinking of next generation; Rahul is thinking of disrupting next Parliament session

Petrol pumps to stop accepting card payments from tomorrow

With 4 major banks deciding to charge for these from today, dealers say they have no other choice

Tamil Nadu petrol pumps to stop accepting cards from Monday

The decision was taken against service charges being levied on card transactions

E-wallets, online cabs top cashless performers post note ban: Study

According to data provided by CouponDunia, Amazon's traffic fell by 22%