Currency Demonetisation | The Asian Age

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One of the reasons for the company to cross the milestone is its continuing expansion in rural markets

Hyundai Motors India expects normalcy in 2017

Company capped a "landmark year" in 2016 with domestic sales crossing the 5 lakh unit mark.

01 Jan 2017 11:36 AM

West Bengal Chief Minister Mamata Banerjee (Photo: PTI)

2017 will mark DeModitisation, says Mamata Banerjee

West Bengal CM slams PM address for no mention of ‘note ban deaths’, releases list.

01 Jan 2017 2:19 AM

File photo of Union Minister Venkaiah Naidu (Photo: PTI)

Rahul’s fake attempt for unity would not succeed: BJP

Union Minister Venkaiah Naidu brushed off the Congress-led meet against demonetisation by saying the attempt would not be successful.

28 Dec 2016 12:11 PM

Officials said the department will keep an eye on the deposits in excess of Rs 2.50 lakh made in saving accounts and Rs 12.50 lakh in current accounts post demonetisation.

I-T to levy 137 per cent penalty on black money recovery

The department says tax dodgers can come clean by paying 50 per cent on bank deposits post demonetisation.

27 Dec 2016 10:50 AM

RBI refuses access to minutes of meeting

Responding to an RTI application filed RBI refuesed to disclosed any details.

25 Dec 2016 2:56 PM

Prime Minister Narendra Modi addresses during the foundation stone laying ceremony of the two metro corridors and other projects, at Bandra Kurla Complex, in Mumbai. (Photo: PTI)

Modi, the true master

Many people are hesitant to publicly voice their dislike of demonetisation because they are afraid that they will be abused.

25 Dec 2016 12:39 AM

The villa was owned by United Breweries Holdings and mortgaged by the now-grounded Kingfisher Airlines to the consortium of banks to obtain loans in 2010.

Kingfisher Villa's re-auction turns damp squib

Lenders failed to get any buyer for Kingfisher House in the city, when it was put under auction for the third time.

22 Dec 2016 1:39 PM

RBI issues 2.2b new notes since demonetisation

20.4 billion pieces belonged to small denominations while 2.2 billion belonged to higher denominations.

21 Dec 2016 5:42 PM

Tenders of Specified Bank Notes (SBN) in excess of Rs. 5000 into a bank account will be received for credit only once during the remaining period till December 30.

Govt denies setting limit to keep cash at home

Media reports speculated that the limit to be kept in home was between Rs 3-15 lakhs.

19 Dec 2016 6:46 PM

To mitigate the impact on nuptials across the country, the government announced on Nov. 17 that it would make an exception for weddings; 250,000 rupees could be withdrawn.

Cash crunch crashes the big fat Indian wedding

Modi's bold stroke was meant to squeeze dry the nation's "black,"money and terrorist financing.

19 Dec 2016 6:16 PM

Union minister Ram Vilas Paswan promotes cashless transactions at a shop in Bihar’s Hajipur. (Photo: PTI )

EC: Stop all anonymous donations over Rs 2,000

Urges government to amend laws to cap political contributions.

19 Dec 2016 1:20 AM

The searches conducted by Income Tax Department between April 2014 and November 2016 on 1,356 groups of assess led to admission of undisclosed income of Rs 31,277 crore apart from seizure of undisclosed assets worth Rs 2,164 crore

No estimate of black money before or after note ban: FM

14,044 surveys conducted after note ban resulted in detection of undisclosed income of Rs 30,492 crore.

16 Dec 2016 4:53 PM

Retail inflation fell to a two-year low of 3.63 per cent in November following the Centre's demonetisation drive that led to lower consumer spending on various food items including vegetables.

CPI inflation to remain low, reports HSBC

Inflation is likely to remain well below 5 per cent over the first half of 2017.

15 Dec 2016 1:04 PM

S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

'Note ban, GST to disrupt cash based economy'

Rating agency S&P recently downgraded India's growth projection by 1 per cent to 6.9 per cent.

14 Dec 2016 12:15 PM

Note ban: Some questions

The swoops have brought about Rs 242 crores, going by one official estimate.

14 Dec 2016 6:01 AM

The number of higher denomination of new Rs 500 and Rs 2,000 notes stood at 1.7 billion.

Banks get Rs 12.44 lakh crore deposits till Dec 10

RBI says in volume terms, the number stood at 21.8 billion pieces of notes of various denominations.

13 Dec 2016 6:08 PM

RBI asks banks to preserve CCTV footage

Banks have been asked to preserve footage for the period from November 8 to December 30, 2016.

13 Dec 2016 5:48 PM

Property enquiries, meanwhile, have slumped by 80 percent around the Indian capital since the cash crackdown.

Building sites facing delays after workers go back

Workers have returned home after PM Modi announced abolished high currency notes.

12 Dec 2016 10:31 AM

Union Finance Minister Arun Jaitley with Puducherry Chief Minister, V Narayanasamy and other officials at the 6th Goods and Services Tax (GST) Council meeting in New Delhi on Sunday. (Photo: PTI)

GST implementation likely to miss the dealine

The long-awaited GST would turn Asia's third-largest economy into a single market for the first time.

12 Dec 2016 7:47 AM

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

SBI to launch credit card for lower strata of society

The card will have cap of 25,0000 and wil be soon launched for those not having one.

11 Dec 2016 6:59 PM

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Shobhaa De