Demonetization: Latest News and Updates, Top Stories, Videos, Photos About Demonetization

Here's How You Can Exchange Your Rs 2,000 Notes Via Post Office; RBI Announces Guidelines

The Reserve Bank of India (RBI) has announced that people can now exchange Rs 2,000 banknotes through post offices across the country to ensure a smooth transition. This decision comes after the central bank's earlier announcement to withdraw the Rs 2,000 ...

'Atmanirbhar Bharat': A Beacon for Post-Pandemic Indian Economy Recovery?

Introduction India, with its diverse and robust economy, has witnessed significant changes in its Gross Domestic Product (GDP) growth over the last five years. The following article provides a comprehensive overview of these fluctuations and their implications. Economic Growth: A Five-Year ...

MFI 30+ Delinquency To Cross Demonetization Peak: CRISIL

A hit to collection efficiency of microfinance institutions (NBFC-MFIs) owing to protracted Covid-19 curbs will increase asset-quality pressures in the sector, CRISIL has stated. Loans in arrears for over 30 days - or the 30+ portfolio at risk (PAR) - could ...

CBDT Extends Deadline On Final Assessment Of Post Demonetisation Cases

On Friday, the Central Board of Direct Taxes (CBDT) extended the Income Tax department's deadline to September to complete the final assessment of about 87,000 entities across the country who made suspicious deposits post-demonetisation. The CBDT said that the extension is ...

Rural India Welcomed Demonetization Move Says Infosys’ Narayana Murthy

Infosys co-founder N R Narayana Murthy said that the urban intellectuals did not buy the idea of demonetization which that the government implemented in the year 2016, but it did go down well with a majority of rural Indians, reports from ...

Major Drop In Cash Payments After Demonetisation: RBI Study

The note-ban has resulted in a "fundamental shift" in the payment habits in the economy-a move away from cash payments to and a wider adoption of retail electronic payments, card usage at merchant terminals and cheques, an RBI study has found. ...

Demonetisation: 48% Switched From CoD To Prepaid Orders

About 48 per cent respondents of a survey done by Ratan Tata-backed CashKaro.com said they have switched from cash on delivery (CoD) to prepaid orders, highlighting the growing popularity of digital payments a year after demonetization. Debit/credit cards emerged as the ...

Demonetisation Has Widened Scope For Digitisation Among Retailers: Study

The demonetization of currency notes of Rs 500 and Rs 1,000 has widened the scope for digitization with 63 per cent retailers in rural as well as urban India willing to switch to the digital transaction of money, a study by ...

Note Ban Anniversary: Govt Plans Phase-2 Of Digital Payment Push

The government is working on launching the second phase of promoting digital payments from January, according to an official source. "A committee under DAVP (Directorate of Advertising and Visual Publicity) is working on plans to start promotion of digital payments from ...

Note Ban, GST Impact Behind Us, Growth In Sight: FM

Finance Minister Arun Jaitley said today that the impact of structural reforms is "behind us" and the early economic indicators point to an improvement. Structural reforms like demonetization and the roll out of the Goods and Services Tax would have had ...

New Window To Deposit Scrapped Notes

The finance ministry today ruled out opening another window for depositing the scrapped Rs 500 and Rs 1,000 notes, with the government now saying that it had expected all the annulled currency to be returned, in line with the latest RBI ...

Demonetization Hits RBI's 'Seigniorage': SBI Research

Demonetisation has caused the net loss to RBI's seigniorage the profit accruing from currency issuances and liquidity operations besides increasing the cost of printing notes, says an SBI Research report. On November 8 last year, the government had banned old Rs ...

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