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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Business

'RBI need not print entire amount of extinguished currency'

The current size of digital banking is around Rs 2.3 lakh crore.

31 March 2017 1:57 PM IST

The recent data on digital payments published by RBI indicates sharp growth in digital payments, but this needs to grow even more.

Business

Growth back to pre-note ban level increasingly likely: S&P

CSO last month had projected GDP growth to be 7 per cent in the October-December quarter.

31 March 2017 1:27 PM IST

Prime Minister Narendra Modi. (Photo: File)

Opinion

Basic income transfer: Modi's next big thing?

PM Modi is not one to be hesitant about funding innovative ideas in the public interest.

31 March 2017 2:21 AM IST

A weak dollar in overseas markets and selling of the US currency by exporters and banks supported the rupee.

India

Lok Sabha MP suggests expiry dates for big currency notes

Observing that his idea was novel, Galla said that Rs 200 notes should be introduced while Rs 2000 notes should be...

30 March 2017 5:39 PM IST

After two more extensions on November 11 and November 14, the concessions for accepting banned notes ends on Thursday night at petrol pumps, hospitals, pharmacies, railway stations, airports and some other places.

India

Exchange of old Rs 500, Rs 1000 notes banned: Govt

Extensions till December 15 include for payment of current and arrears of utilities limited to only water and...

24 Nov 2016 7:55 PM IST

Prime Minister Narendra Modi. (Photo: PTI/File)

India

Revoke daily cash withdrawal limit of Rs 2,500: Congress to Modi

Congress leader Anand Sharma accused Prime Minister Narendra Modi-led government of wrecking the nation's banking...

24 Nov 2016 5:53 PM IST

$The Supreme Court had on Friday dubbed as a \serious issue\ the long queues outside banks and post offices. (Photo: AP)$ India

Want to unearth black money stashed for 70 yrs: Centre to SC

The government added that demonetisation was a step to reduce ratio of cash transactions in the country.

24 Nov 2016 4:52 PM IST

RFID tag will ensure that the electronic toll collection system will ensure that when vehicle pass the toll tax booths, they can pass without stopping at the toll booths.

India

Govt extends exemption on toll tax, other concessions likely today

The government on Wednesday told the Supreme Court that it may give yet another extension if it thinks it was required.

24 Nov 2016 4:21 PM IST

Arun Jaitley and Manmohan Singh (Photo: File)

India

You were PM during worst corruption scandals: FM to Singh

However, following Manmohan Singh's speech in the Rajya Sabha, PM Modi walked up to the ex-PM and shook hands with him.

24 Nov 2016 3:53 PM IST

India

Modi skips RS session after lunch break, govt hits out at Oppn

Union Finance Minister Arun Jaitley hit back at the opposition for devising ways to avoid the debate on demonetisation...

24 Nov 2016 2:50 PM IST

BJP has made considerable gains in West Bengal bypolls and has emerged as the main challenger to the ruling Trinamool Congress (TMC). (Photo: PTI/File)

India

Demonetisation: BJP emerging as major challenger to TMC in WB

The considerable increase in BJP's vote share didn't go unnoticed by the party's central leadership and was appreciated...

24 Nov 2016 2:20 PM IST

People standing in a long queue to collect cash from an ATM in Kolkata. (Photo: PTI)

Business

Only one day left for using old Rs 500, Rs 1000 notes

After allowing three extensions for select outlets, govt may give another if it thinks it was required.

24 Nov 2016 11:47 AM IST