Home  » Topic

Currency Ban News

Note Ban May Save Rs 1,000 Crore In Currency Printing Cost
The note-ban drive may leave around Rs 1,000 crore in currency printing cost with RBI and government as there is only Rs 1.15 trillion worth of new notes need to be printed to complete the remonetisation process that may be achieved ...

India Lost 11 Billionaires After Note Ban
India's super-rich club has shrunk by 11 people since the government's demonetisation move last November, while Reliance Industries chairman Mukesh Ambani remains the richest Indian with a net worth of $26 billion (around Rs. 1.7 lakh crore at $1 = Rs. ...
Big Relief: RBI To Lift Withdrawal Limits From ATMs
In a big relief to people and small businesses, RBI on Monday announced the lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue. ...
Rs 5000 Crore Withdrawn From Jan Dhan Accounts Post Note Ban
Jan Dhan accounts have witnessed net withdrawal of Rs 5,582.83 crore since December 7, the day deposits in these accounts soared to the all-time high in the backdrop of demonetization. Total deposits had increased to a record high of Rs 74,610 ...
Demonetization, GST To Fetch More Revenues To Govt: Jaitley
Finance Minister Arun Jaitley on Friday put up a spirited defence of demonetization, saying the drive "shook" the financial system for a short while, but will integrate the shadow economy with the formal in the long run and ensure better tax ...
GDP Growth To Slow To 6% In Oct-Dec 2016: Nomura
Demonetization has stymied India's GDP growth and the October-December quarter show is likely to be around 6%, while for January-March it could climb down to 5.7%, forecasts a Nomura report. According to the Japanese financial services major, the consumption and services, ...
Doesn't Know Exact Number Of Scrapped Notes: RBI
More than 72 days after demonetization, the Reserve Bank of India (RBI) has said it still does not know the "exact number" of junked currency notes that were in circulation and it is still "reconciling" the number of notes that were ...
Section Of Bank Employees Threaten Nation-Wide Strike On Feb 7
A section of bank trade unions has threatened to go on a day-long nation-wide strike on February 7 to press various demands including the complete removal of restrictions imposed during the demonetization period and safeguarding the autonomy of the Reserve Bank ...
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X