Page 5 - Demonetisaton

Income Tax detects Rs 4,807 cr black income; seizes Rs 112 cr new notes

The agency has also referred a total of 526 cases to its sister agencies like the CBI and ED

Note ban pulls down air cargo traffic by 12% in Nov: Icra

Air passenger traffic stood at 22.6 million, exhibiting a growth of over 19% in Nov on a m-o-m basis

PM taking futuristic steps, Rahul wants to disrupt Parliament: FM Jaitley

He said Congress is opposing technology, change and reforms; Modi wants technology driven economy

PIL in High Court challenges govt ordinance on demonetisation

The petition alleged that RBI had failed to follow its mandate of regulating issuance of currency

Money has lost anonymity post demonetisation: Arun Jaitley

Jaitley said demonetisation required both courage and stamina

Goznak gets patent for counterfeit-proof value document

Goznak is among the eight firms that have bagged contracts to supply currency paper to India in 2017

Note ban to boost tax inflow, govt spend, says Amit Shah

He says this will lead to increased tax revenue; enable govt to spend more on development projects

Good news! Cash crunch will ease by Feb-end, says an SBI report

The latest data of RBI shows that by December-end, 44% of the demonetised currency has been replaced

Full text: President Mukherjee raises concern over demonetisation impact

In his New Year address to Governors and Lt Governors, says the note ban move may slow down economy

Note ban may slow down economy: Prez Pranab Mukherjee

Demonetisation may lead to temporary slowdown of the economy, Pranab Mukherjee said

Will release numbers on junked notes at earliest: RBI

Finance Ministry had said that there were lots of areas where double counting could have happened

Woman strips after being unable to exchange old notes at RBI

She has been visiting the RBI from last three days to exchange Rs 5,000 in old notes

Note ban: BofA-ML sees RBI surplus payout at Rs 50,000 cr

The Ordinance presumably paves the way for a 'special dividend' to the fiscal

Post demonetisation, hotels brace for lower occupancy

Corporates form biggest chunk of bookings for hotels operating in metro and tier-I, tier-II cities

Banks should supply 40% notes of Rs 500 or less to rural areas: RBI

Distribution can be worked out by checking district level current and savings account data

Exchange facility for foreigners extended till January 31: RBI

Holders of such currency were given options to either exchange notes or deposit in bank accounts

Tax collections avert cash crunch blues

Direct tax collection up 15.12%, indirect tax up 26.2% in April-November

Experts divided on fiscal impact of Modi sops

PM's announcement were focused on those most affected by the note ban

Some Delhi ATMs dispensing cash but most are still cash-starved

Two ATMs at the Indian Institute of Technology Delhi were found to have some cash but no seekers

Banks sharply cut lending rates after low-cost deposits, Modi nudge

Punjab National Bank cut its MCLR rates by 70 basis points, Union Bank of India cut its MCLR rates by 65 to 90 basis points