BUSINESS

War on Big Notes

Wed, Nov 1, 2023
Poll bonds not sole attempt to curb black money: Govt

The Centre told the Supreme Court on Wednesday that almost every country,...

Mon, Jun 12, 2023
'We should not call it demonetisation'

'...because it is still a legal tender.'

Wed, May 24, 2023
Cong MP calls PM 'Pagla Modi' for ₹2000 note ban

"The people are completely frustrated with this government. Now, people are...

Tue, May 23, 2023
Not demonetisation but statutory move, RBI tells court

The Reserve Bank of India (RBI) on Tuesday told the Delhi high court that...

Mon, May 22, 2023
Provide shaded space, drinking water, RBI tells banks

The Reserve Bank on Monday advised banks to provide shade from the sun and...

Sat, May 20, 2023
Tughlaqi drama: Oppn slams govt over ₹2000 note ban

The Bharatiya Janata Party rejected this was any sort of demonetisation and...

Oppn goes to town with criticism of ₹2000 note ban

Image used for representational purpose only. Photograph: Jayanta...

Mon, Jan 9, 2023
'Govt Knows Note Ban Is One Of Its Biggest Blunders'

'They are not tom-tomming what a great thing the Supreme Court decision...

Mon, Jan 2, 2023
BJP hails note ban verdict; asks will Rahul apologise

The Supreme Court in a 4:1 majority verdict upheld the government's 2016...

Big win for govt as SC upholds DeMo with 4:1 majority

In a big win for the Narendra Modi government, the Supreme Court in a 4:1...

6 years after DeMo: Cash is still the king

Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did...

Wrong to say SC upheld demonetisation: Congress

'Once the Hon'ble Supreme Court has declared the law, we are obliged to...

DeMo was unlawful, vitiated: Dissenting SC judge

She also said there was no independent application of mind by the Reserve...

Sun, Jan 1, 2023
SC to deliver 2 separate verdicts on demonetisation

It is not clear whether the two judgements will be concurring or dissenting.

Thu, Dec 22, 2022
SC to pronounce judgment on demonetisation on Jan 2

A five-judge Constitution bench headed by Justice S A Nazeer, who will retire...

Mon, Dec 12, 2022
Rs 1.25 lakh cr black money confiscated by govt

Black money to the tune of "Rs 1.25 lakh crore" has been confiscated by the...

Wed, Dec 7, 2022
Produce 2016 note ban records: SC to Centre, RBI

"Heard. Judgement reserved. Learned counsels of the Union of India and...

Tue, Dec 6, 2022
Process followed on note ban: RBI; Can examine: SC

The Supreme Court on Tuesday said limited scope of a judicial review in...

Mon, Dec 5, 2022
Black money like Jarasandha: Govt to SC on note ban

The Constitution bench is hearing a batch of 58 petitions challenging the...

Fri, Nov 25, 2022
Don't unscramble scrambled egg: Govt to SC on noteban

Resisting the Supreme Court's attempt to revisit the 2016 demonetisation...

Wed, Nov 16, 2022
Note ban meant to combat terror funding: Govt to SC

The submissions were made in an affidavit filed in response to a batch of...

Tue, Nov 8, 2022
Oppn calls DeMo 'economic genocide', 'criminal act'

On November 8, 2016, Prime Minister Modi had announced the decision to...

Was demonetisation really effective? Jury is still out

The jury is still out on the decision to demonetise high value currency notes...

Mon, Oct 3, 2022
AirAsia India forced to take short-term loans

Tata Group-owned AirAsia India, which is in the process of being merged with...

Wed, Sep 28, 2022
Note ban case an academic exercise? SC to decide

The Supreme Court will hear on October 12 a batch of pleas challenging the...

Tue, Sep 27, 2022
4th Constitution bench to start hearing note ban pleas

The Supreme Court on Tuesday constituted another five-judge Constitution...

Wed, Nov 17, 2021
'Demonetisation cost India Rs 10 lakh crore'

'Those who should have been affected benefitted from demonetisation.''And the...

Fri, Nov 12, 2021
'Demo didn't impact even 0.001% of black money'

'In the total of black wealth, only 1% or less than 1% constitute cash.''So,...

Fri, Oct 15, 2021
Black money detected after raids on Pawar kin, others

Pawar had told the media on the day of the raids that the tax searches were...

Sat, Oct 2, 2021
IT raids on Guj firm unearth Rs 500 cr in black money

The raids that were launched at 22 premises of the group and the brokers on...

Mon, Dec 28, 2020
Ministries face cash crunch as winter session scrapped

The health and family welfare ministry spent 70 per cent of its allocation...

Sun, Nov 8, 2020
4 years on, Modi hails note ban; Cong, BJP spar

Congress leader Rahul Gandhi alleged that Modi's move was aimed at helping a...

Fri, Oct 9, 2020
Modi's fight against black money gets a fillip

India has got the second set of Swiss bank account details of its nationals...

Wed, Feb 5, 2020
Black money: SIT proposes to cap cash kept at home

The proposed measures aim to bring stricter norms to curb holding of illegal...

Sun, Jan 5, 2020
IAF flew 625 tonnes of new notes after DeMo: Dhanoa

The IAF carried out 33 missions transporting 625 tonnes of treasury...

Fri, Jan 3, 2020
Mukesh Ambani's family in alleged black money net

The queries, sent in November, were mainly about Capital Investment Trust,...

Sat, Dec 28, 2019
NPR, NRC will be worst than demonetisation: Rahul

Gandhi said that the basic idea of these exercises is to ask all poor people...

Fri, Dec 27, 2019
Liar of the year: BJP slams Rahul for tax on poor barb

Likening the National Population Register and the National Register of...

Thu, Dec 26, 2019
Cash crunch takes shine off rough diamond imports

Overall gross import of rough diamonds between April to November 2019 has...

Fri, Oct 4, 2019
Revealed: How PM Planned Demonetisation

November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how...

Fri, Jul 12, 2019
BJP buying MLAs with note ban cash: Digvijaya Singh

The comments came in backdrop of the political crisis in Karnataka after some...

Thu, Jun 27, 2019
Is India finally winning the war against black money?

A new framework has been put in place for automatic exchange of information...

Tue, Jun 25, 2019
How much black money is stashed abroad?

The studies found that sectors with the highest unaccounted income included...

Fri, Jun 21, 2019
NBFC cash crunch worsens

NBFCs are mainly dependent on funding their operation from their own cash flows.

Tue, Mar 12, 2019
DeMo will have no material effect on black money, RBI had warned

Only Rs 10,720 crore of the junked currency notes did not return to the...

Thu, Jan 17, 2019
Cong alleges Doval's son started hedge fund after note ban

Senior Congress leader Jairam Ramesh also asked the RBI to make public...

Thu, Jan 3, 2019
Is govt planning to phase out Rs 2000 notes?

The printing of Rs 2000 notes has been substantially reduced. It has been...

Tue, Dec 11, 2018
Black Money Act: I-T initiates action in 13 new cases

Undisclosed foreign assets and funds worth Rs 350 crore detected; these are...

Sat, Dec 8, 2018
New eco advisor called note ban 'revolutionary'

Krishnamurthy Subramanian had also claimed that the perception of the poor...

Fri, Nov 30, 2018
'Demonetisation was a massive, draconian, monetary shock'

The decision to do away with Rs 500 and Rs 1,000 notes accelerated the...

Sun, Nov 25, 2018
Despite CIC orders, PMO refuses info on black money

Replying to an RTI query, the PMO said a Special Investigation Team (SIT) has...

Sat, Nov 17, 2018
Demonetisation was an ethical move, not political: Jaitley

The minister said demonetisation has increased the tax return filings and...

Wed, Nov 14, 2018
Post DeMo, cash is back with a bang!

The currency with the public is 10.3 per cent higher than it was in the week...

Thu, Nov 8, 2018
Note ban carefully planned 'criminal financial scam': Rahul

The Congress leader asked the government to not resort to further unorthodox,...

Confiscation of currency was not demonetisation's aim: Jaitley

In a Facebook post on the second anniversary of demonetisation, Jaitley said...

Thu, Sep 6, 2018
'Demonetisation is Modi's powerful narrative for 2019'

'If the Modi government is successful in extraditing a high-profile fugitive...

Thu, Aug 30, 2018
FM cites rise in tax payer base to justify demonetisation

Jaitley said that when cash is deposited in the banks, it loses anonymity and...

Thu, Aug 23, 2018
In Hamburg, Rahul blames unemployment, note ban, GST for lynchings

"It is very dangerous in the 21st century to exclude people," said the...

Tue, Jul 24, 2018
Is Modi govt finally winning the war against black money?

He said this in Parliament rebutting reports last month, which quoted the...

Fri, Jun 29, 2018
No black money in Swiss banks: Rahul's jibe at PM

Money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01...

Thu, Jun 28, 2018
Modi govt's war on black money has gone for a toss

The Indian money in Swiss banks had fallen by 45 per cent in 2016, marking...

Mon, Jun 18, 2018
GDP didn't fall 2 pc after note ban, GST: Jaitley

"The fourth quarter results of GDP data showed a phenomenal 7.7 percent...

Sun, Jun 10, 2018
Top corporates chip in as component makers face cash crunch

An increase in sales across all categories in the automobile industry, has...

Wed, Jun 6, 2018
Demonetisation woes drag on for small finance banks

Microfinance portfolio of SFBs saw a muted growth of about 3% last year

Thu, May 24, 2018
Ahead of 2019 LS poll, Congress faces severe cash crunch

The party's steady flow of money from industrialists has all but dried up,...

Mon, May 14, 2018
'Demonetisation was illegal'

'I want the prime minister to be punished because he put our country in...

Wed, May 2, 2018
Demonetisation was an absurd and dangerous policy

In refusing to accept its failure, the government has sowed the seeds of...

Tue, Apr 24, 2018
90,000 ATMs across India will soon dispense Rs 200 notes

About 200,000 ATMs can dispense the new series of Rs 500 notes

Sun, Apr 22, 2018
What caused the cash crunch last week

The RBI fell short of pumping Rs 150 billion into the economy at the...

Fri, Apr 20, 2018
States with dry ATMs received highest share of cash in 2017-18

An RBI official said the supply of currency was adequate in the states facing...

Note ban boosted fake notes, suspicious transactions, reveals report

'The number of STRs received in 2016-17 is 4,73,006 which is more than four...

Thu, Apr 19, 2018
Cash crunch: Deposits drop, money movement totters

Many PSBs are in the process of rationalisation of ATMs

Cash crunch: Suspected hoarding of Rs 2,000 notes to be probed

The rate of cash withdrawals over deposits was almost double in Uttar...

This is how cash travels from printing press to your purse

On a daily basis, an average cash logistics company transports Rs 5,000-8,000...

Tue, Apr 17, 2018
Cash crunch: 'Printing of Rs 500 notes to be increased 5 times'

Currently the currency in stock is about Rs 2 lakh crore and the reserves are...

Cash crunch: Jaitley tries to soothe frayed nerves

Adequate currency in circulation, temporary shortage to be tackled quickly,...

Fri, Apr 6, 2018
DeMo aftermath: Cash crunch hobbles White Label ATMs

The cash crunch following demonetisation and transaction fees that do not...

Mon, Mar 12, 2018
How household savings recovered quickly post DeMo

According to the report, financial assets of the Indian households are...

Sat, Mar 10, 2018
'Demonetisation should have been thrown in the dustbin'

Earlier at the University of California, Berkeley Gandhi had said that Modi...

Tue, Feb 27, 2018
CIC summons PMO officials having records related to note ban decision

They've also asked to explain how the disclosure of the documents would...

Tue, Feb 13, 2018
Note ban was RSS idea: Rahul in Karnataka

He said RSS men were planted in each ministry.

Sun, Feb 4, 2018
How India talked about the budget online

#Budget2018 resulted in over 14 lakh conversations on Twitter.

Thu, Feb 1, 2018
FM pledges more action to tackle black money menace

Referring to demonetisation of high value currency notes, Jaitley said it was...

Wed, Jan 17, 2018
Now, black money stashed in Singapore banks under govt lens

India and Singapore had in 2013 amended the DTAA to help exchange banking and...

Mon, Dec 4, 2017
Why govt's digital payment app has lost steam

The start of BHIM's declining share coincided with the launch of Google Tez...

Sat, Dec 2, 2017
Found: Doctor-medical centre nexus and Rs 100cr black money

It claimed doctors were being paid 'for referring medical tests'.

Thu, Nov 23, 2017
As DeMo impact fades, NBFC-MFI portfolio improves

The sector witnessed a 24 per cent growth in gross loan portfolio to Rs...

Mon, Nov 20, 2017
The babu who planned demonetisation

'GST had to come close on the heels of demonetisation as part of the same...

Wed, Nov 15, 2017
DeMo@1: 63% retailers in rural areas keen on going cashless

While looking at consumer behaviour in the post demonetisation period, the...

Wed, Nov 8, 2017
Govt, Opposition battle it out on note ban anniversary

Union ministers fanned out across the country to highlight the crackdown on...

Demonetisation poll: Have you gone cashless?

Take the poll and let us know!

DeMo@1: Banks happy as digital activity picks up

While digitisation and automation have made internal processes more...

DeMo@1: I-T to probe 80,000 people for huge cash deposits

This is the new addition to the tax data, which had identified over 600,000...

This businessman thinks Demo/GST are good

'In a country like ours, people talk about wanting to be like Singapore, but...

Uttam's Take: What did DeMo achieve?

Uttam Ghosh offers his take on DeMo: A Year On.

So much for Modi's dream of 'cashless Bharat'

While Bihar and J&K have the least proportion of bank account holders using...

Tue, Nov 7, 2017
2G scam, CWG loot, not demonetisation: Jaitley hits back at Manmohan

The finance minister said while the 10 years of the United Progressive...

Note ban was organised loot, GST a nightmare: Manmohan

He also criticised the Centre's ambitious Ahmedabad-Mumbai bullet train...

DeMo: Jaitley's Report Card

'It is common knowledge that cash is anonymous.''When demonetisation was...

Mon, Nov 6, 2017
Manmohan Singh in Gujarat on Tuesday; to target GST, note ban

Singh will take part in an interactive session on the current state of...

309,000 'shell' company directors disqualified

Their bank accounts have been frozen.State governments have been told to...

Fri, Nov 3, 2017
SC refers plea on demonetised notes to Constitution Bench

A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and...

Wed, Nov 1, 2017
'Economy may take 24 months to recover'

'The full effects of the government initiatives will have to work their way...

Mon, Oct 30, 2017
PM hit country with 'torpedoes' of note ban, GST: Rahul

Wondering why the government was "celebrating" the first anniversary of the...

Thu, Oct 26, 2017
Note ban, bang! GST, bang! Crippled our economy: Rahul

GST was 'flawed' and had unleashed a 'tsunami of tax terrorism', he said.

Wed, Oct 25, 2017
BJP to observe Nov 8 as 'anti-black money' day

The Centre set up a political tug of war with opposition parties which have...

How Corporate India tackled DeMo challenges

The corporate sector took production cuts, conducted inventory management and...

Tue, Oct 24, 2017
Opposition parties plan national stir on DeMo anniversary

The protests will highlight the impact of the twin blows of demonetisation...

Wed, Oct 18, 2017
Will salute Modi if he apologises for note ban mistake: Kamal Haasan

He, however, did not make it clear what aspects he wanted Modi to admit as...

Mon, Oct 16, 2017
DeMo: Diwali sparkle missing for wholesale traders

Many traders say that after demonetisation cash in the market has drastically...

Tue, Oct 10, 2017
IMF lowers India's growth forecast over note ban, GST

However, India is likely to regain the tag of the fastest growth emerging...

Mon, Oct 9, 2017
A Maharashtra village's cashless dream goes bust

The government started promoting cashless transactions but forgot that it...

DeMo my foot! Cash still rules in India

Even the well heeled in metros find it difficult to go completely digital....

Sat, Sep 30, 2017
Chidambaram likens bullet train to note ban, says it will kill everything

The bullet train project, linking Mumbai and Ahmedabad, is not for ordinary...

I-T dept goes after black money stashed overseas

The move follows poor results in detecting undisclosed foreign assets and...

Mon, Sep 18, 2017
What DeMo really achieved

Declaring demonetisation a complete failure may turn out to be hasty, argues...

Tue, Sep 5, 2017
Why note ban failure won't affect Modi

'You can accuse him of many things but one thing you cannot accuse him of is...

Mon, Sep 4, 2017
The only purpose note ban served

With GDP down by 2 per cent, while 99 per cent of banned notes make way back...

Thu, Aug 31, 2017
Opposition dubs note ban 'biggest scam', 'money laundering exercise'

The Opposition on Thursday hit out at Prime Minister Narendra Modi saying his...

Wed, Aug 30, 2017
Note ban objective was to squeeze out cash: Jaitley

Jaitley said note ban has compelled people to deposit money into bank accounts.

Sun, Aug 20, 2017
Post note ban, separatists and Maoists feel 'fund-starved', says Jaitley

Union Finance Minister Arun Jaitley today said demonetisation left Maoists in...

Wed, Aug 16, 2017
Congress questions PM's demonetisation figures in I-Day speech

Senior Congress spokesperson Ghulam Nabi Azad said the claim made by the...

Mon, Aug 7, 2017
DeMo effect: India now has 2.82 crore taxpayers!

The total number of returns filed as on August 5 stands at over 2.82 crore as...

Fri, Jul 21, 2017
Rs 19,000 cr black money detected in ICIJ, HSBC cases

Replying to a query, whether the government has made any assessment of black...

Mon, Jul 17, 2017
Not for giving another chance to exchange old notes: Centre to SC

Centre says the very object of demonetisation and elimination of black money...

'All political parties work on black money'

Jagdish Chhokar, founder-member of the Association for Democratic Reforms...

Wed, Jul 12, 2017
Home prices on the rise despite note ban

As many as 26 of 50 urban hubs across the country have shown a moderate...

Thu, Jul 6, 2017
Chennai sole bright spot in realty market hit by note ban, RERA

Launch of new residential projects in top eight cities -- Ahmedabad,...

Note ban has cost us a lot

Well then, what did DeMo achieve? As predicted by most economists, the volume...

Tue, Jul 4, 2017
SC: People with genuine reasons should be allowed to deposit old notes

"There can be a situation where a person has lost his/her money for no...

Mon, Jul 3, 2017
DeMo? No way, cash is still king!

As on June 16, currency in circulation was Rs 15.29 lakh cr, or 86.2% of...

Sat, Jul 1, 2017
Warn anyone with black money, they will not be spared: Modi to CAs

Addressing chartered accountants on the foundation day of the Institute of...

Thu, Jun 22, 2017
Has note ban boosted tax base? Answer is in the detail

On the face of it, there could be a bump up in tax filings, but its impact on...

Mon, Jun 19, 2017
'Demonetisation was a destructive distraction'

'If the government had not spent an incredible amount of energy on...

Fri, Jun 16, 2017
Black money: Switzerland agrees to share information with India

The issue of black money has been a matter of great debate in India and...

Mon, Jun 12, 2017
'Demonetisation de-fattened the economy'

'High denomination cash notes which was 1.4 lakh crores of Rs 500 and Rs...

Sun, Jun 4, 2017
Successful demonetisation will help up revenues in long run: World Bank

Successful demonetisation will help in raising revenues on sustained basis as...

Fri, Jun 2, 2017
India scored a self-goal with Modi's note ban, taunts Chinese daily

India lost fastest growing major economy tag to China in the March quarter...

Wed, May 31, 2017
Note ban woes: GDP slows to 6.1% in March quarter

The demonetisation seems to have impacted the GVA in the third as well as...

War on black money is only half-won

Against estimates of black wealth of Rs 300 lakh crore and black money in...

Fri, May 26, 2017
'Demonetisation was tough decision but people supported it'

On the third anniversary of the Bharatiya Janata Party-led National...

Fri, May 19, 2017
Kejriwal has links with hawala operators: Mishra

Mishra alleged that the Aam Aadmi Party received money from a company of...

Tue, May 16, 2017
91 lakh people in tax net post note ban: FM

Post demonetisation, there has been a hike in collection of personal income tax

Sun, May 14, 2017
Will drag you to jail by your collar: Mishra warns Kejriwal before fainting

The party refuted Mishra's charges and said he was 'parroting' the Bharatiya...

Tue, May 9, 2017
Post-note ban disruption, India to grow at 7.2%: IMF

The temporary disruptions (primarily to private consumption) caused by cash...

Fri, May 5, 2017
India's gold demand up 15% in Q1 post note ban

Going ahead, the likely implementation of the goods and services tax bill in...

Thu, May 4, 2017
10 commandments for Modi Sarkar to curb black money

A K Bhattacharya digs into the yet-to-be-public report on ways to curb black...

Wed, May 3, 2017
$770 bn black money entered India in 2005-2014: Report

The illicit financial inflow of $770 billion was 14 per cent of India's total...

Fri, Apr 28, 2017
PM Modi to review GST, black money policy on Tuesday

Hasmukh Adhia to present revenue dept's performance over past year & plan for...

Fri, Apr 21, 2017
Coming soon: Operation Clean Money 2.0

Tax wing scanning cash deposits between Rs 5-10 lakh

Mon, Apr 17, 2017
Note ban effect: I-T lens on 60,000 depositors

Includes those dealing in high-value property and petrol pump owners

Fri, Apr 14, 2017
Undisclosed income of Rs 9,334 cr detected post note ban

The Income Tax department will investigate over 60,000 individuals under the...

Sat, Apr 8, 2017
When the Mughals turned to demonetisation

It's five months after 8/11.But this is not the first time that India's...

Mon, Apr 3, 2017
Note ban: MFIs seek more time for loan repayments

In December 2016, RBI had granted additional 60 days for repayment of certain...

India Inc told to disclose details of junked notes

Besides, auditors are required to mention in their reports whether the...

Fri, Mar 31, 2017
CBDT offers relief for black money declarants

The Central Board for Direct Taxes on Friday said a black money declarant...

Thu, Mar 30, 2017
Note ban shadow lingers over one in four BSE 200 stocks

Quite a few large- and mid-cap stocks are yet to recover from the note ban,...

Sun, Mar 26, 2017
Orphaned teens seek PM's help to exchange Rs 96,500 in old notes

The cash was found in a box earlier this month during a police survey at one...

CAG to audit fallout of demonetisation

The CAG audit may look into expenditure on printing of notes, RBI dividend...

Wed, Mar 22, 2017
2 big challenges from note ban: Job creation, skill development

While demonetisation will benefit the organised sector, the government has to...

Fri, Mar 10, 2017
EC mulls cashless funding to check black money in elections

Chief Election Commissioner Nasim Zaidi also warned that if parties try to...

Note ban hit India's diamond biz: De Beers

'We need to see how quickly the industry comes out of the impact of the note...

Thu, Mar 9, 2017
I-T dept warns: Like fingerprint, black money will lead you to us

The income-tax department on Thursday nudged black money holders to make...

Tue, Mar 7, 2017
Inflation under control, GDP unhurt by note ban: PM Modi

The prime minister was speaking at an industry meet organised at ONGC Petro...

Gold jewellery demand set to boom post note-ban

Demand bounces back but uncertainty over GST rate for jewellery casts a...

Mon, Mar 6, 2017
Note ban impact on GDP may be seen this quarter: RBI

Reserve Bank of India Deputy Governor Viral V Acharya further said that the...

SC notice to Centre on deadline for depositing old notes

The Supreme Court on Monday sought a response from the Centre and the Reserve...

Fri, Mar 3, 2017
Rs 70,000 crore black money detected so far

Deputy Chairman of the Supreme Court-appointed Special Investigative Team on...

Thu, Mar 2, 2017
The worst of note ban is over for car sales

Car sales likely to touch record 3-mn mark by the end of March.

Wed, Mar 1, 2017
HDFC Bank, ICICI and Axis resume levy on cash transactions

The charges would apply to savings as well as salary accounts

Have over 10 of those old notes? Rs 10,000 fine awaits you!

The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by...

Post note ban, smartphones all set to ring again

Experts say launches would pick up pace from mid-March.

Tue, Feb 28, 2017
Note ban positives from April, GST will unleash economy: Das

The positive effects of demonetisation will be visible from April and the...

Remonetisation, albeit with a difference, has happened in Gujarat!

Workers who had gone to their hometowns and did not return for work after...

Mon, Feb 27, 2017
5 cos that bucked the note ban gloom

V-Mart, Manaksia, Whirlpool Global and few other companies posted better...

Fri, Feb 24, 2017
Demonetisation has failed to curb militancy in Kashmir

'The more harder India pushes its nationalism on to its population, the...

Demonetisation sucked in cash like vacuum cleaner: IMF

IMF said the repercussions from India's currency exchange initiative will...

Wed, Feb 22, 2017
India's GDP projected to slow to 6.6% post-demonetisation: IMF

India's economy grew at 7.6 per cent in 2015-16.

Infra firms stay free of note ban effect

As infrastructure, power hardly deal in cash, its paucity has failed to...

Note ban puts BJP/RSS on back foot in UP

'Initially, most people willingly stood for hours in queues to withdraw cash...

Tue, Feb 21, 2017
No threat or show cause to taxpayers: CBDT tells taxman

The department had sent SMSes and emails to 18 lakh people who made...

How note ban helped life insurance companies

In January 2017, the growth in total premium was Rs 13,138 crore, against Rs...

Mon, Feb 20, 2017
Budget 2017 moves the economy backwards, not forwards

Mihir S Sharma outlines why this year's Union Budget does not respond to the...

Fri, Feb 17, 2017
Note ban hit Pepsi in OND q, says Nooyi

"On demonetisation, across the board for pretty much all of industry, and CPG...

100 days of note ban: Worst is over for markets

Strong MF investments, stemming of FII outflows and positive earnings in Q3...

Nooyi rues lingering effects of demonetisation on PepsiCo business

Stating that implementation of the demonetisation policy had its "share of...

Wed, Feb 15, 2017
Thanks to DeMo, now ad firms are staring at a bleak 2017

Television as a category would see a lower rate of growth at 8% vis-a-vis 10%...

Tue, Feb 14, 2017
Over 5 lakh taxpayers explain cash deposits after note ban

The I-T Department had identified 1.8 million taxpayers in its Operation...

Time to ensure note ban's benefits

While people have paid the price for the disruption it caused, now is the...

Fri, Feb 10, 2017
Nitish makes U-tun on note ban, says it was a monumental mismanagement

Breaking from opposition ranks, the JD-U chief had supported the...

Thu, Feb 9, 2017
Note ban 'most terrible' decision of Modi government: Chidambaram

The former finance minister also criticised Prime Minister Narendra Modi over...

Note ban may dent BJP's chances in western UP

For the party's traditional vote bank -- traders -- demonetisation was a...

Wed, Feb 8, 2017
Modi's note ban was inspired by Pakistan: Opposition

Demonetisation hit informal sector hard and caused job losses which was not...

Panagariya blames bank officials for note ban going awry

"Demonetisation sends a very, very strong signal that the days when the...

'Demonetisation is theft'

'Demonetisation, is in principal, a mistake, because it involves a theft -- a...

Lok Sabha passes bill to make holding of old notes punishable

Piloting the Specified Bank Notes (Cessation of Liabilities) Bill, Finance...

Mon, Feb 6, 2017
BJP MPs lying on note ban as they are scared: Opposition

Attacking the note ban move, Yechury said the PM's assertion that it will...

Digitising our country of sceptics

M Muneer recommends segmenting the population on the basis of their...

Fri, Feb 3, 2017
Services sector still down in January, says Nikkei study

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks...

Post note ban saw 1100 searches, ₹513 cr recovered

"Post demonetisation, during November 9, 2016, to January 10, 2017, more than...

Still have banned ₹ notes? You maybe fined ₹10,000

Once passed by Parliament, the bill will replace an ordinance promulgated on...

Remonetisation after note ban 'near complete', says Das

"All restrictions have been removed except on savings bank account of Rs...

Thu, Feb 2, 2017
Rs 4.17 lakh crore suspicious deposits post note ban!

Of the people whose data the income tax department now has, email and SMS...

What the note ban has done to jobs

'Falling labour participation rate is common in the ageing populations of the...

Wed, Feb 1, 2017
Word cloud: How Jaitley plans to soften demonetisation blues

The words that appeared more often in the speech included tax, income, lakh...

Manufacturing PMI rebounds from demonetisation downturn

The main factors contributing to the above-50.0 PMI reading were growth of...

Demonetisation bold, decisive step; to boost economy: Jaitley

Demonetisation will help in transfer of resources from tax evaders to...

Tue, Jan 31, 2017
18 lakh persons under I-T lens for 'suspicious' cash deposits

They will have to reply within 10 days to avoid any notice from the tax...

#Notebandi: Up to 0.5% shaved off GDP growth rate

Remonetisation exercise will eliminate cash squeeze by April 2017

Mon, Jan 30, 2017
I-T begins action under Benami Act; attaches 42 assets worth crores

The I-T dept has issued 87 notices under section 24 of the said Act

No more ATM withdrawal limits from Feb 1: RBI

In a big relief to people and small businesses, the Reserve Bank of India on...

Fri, Jan 27, 2017
The problem with using e-wallets to buy train tickets

Shine Jacob & Karan Choudhury highlight the red flags raised by the...

MFI profitability hit by note ban, says ICRA report

Collection dived to 75-80% in November-December from 99% after demonetisation.

Nomura strategist: Impact of note ban won't last beyond a couple of quarters

Asia to stay flat in 2017. India is better-placed given its low export...

Thu, Jan 26, 2017
FinMin yet to take a call on 'tax on cash'

A committee on digitalisation headed by Andhra Pradesh Chief Minister...

Wed, Jan 25, 2017
Note-ban gains may just be Rs 72,800 crore, says Motilal Oswal

While the central bank had publicly cited only Rs 15.55 trillion of high...

Demonetisation's latest victims: TV, print and film exhibition

While Zee managed single-digit growth in revenue, HT Media's income dipped...

5 things Jaitley should do in a post-demonetisation Budget

Finance Minister Arun Jaitley should not drop the ball on continuing the...

Demonetisation: Can the Supreme Court intervene?

It has always been accepted in various apex court rulings that economic...

Tue, Jan 24, 2017
Note-ban bites HDFC Bank, posts lowest-ever profit growth

The bank lost out on fairly meaningful quantum of fees from point of sale...

Retail car sales up 3.5% in Dec despite note ban

Maruti Suzuki's inventory across its dealerships is a 100,000 vehicles at the...

How many fake notes deposited in banks? Even RBI doesn't know!

Earlier, RBI had refused to disclose information about consultation...

Consumer goods firms hit hard by note ban in Q3

HUL, the country's largest FMCG company, saw sales volume fall by 4% for the...

Mon, Jan 23, 2017
DeMo: Big purchases via cards down since November

Card-based EMI transactions dropped about 60 per cent in the first week after...

Sat, Jan 21, 2017
Who initiated note ban? RBI governor evasive

Unhappy PAC asks Urjit Patel to give written answers on note ban.

Fri, Jan 20, 2017
Surat-based financier in ED net, Rs 1 cr in new notes seized

What was recovered from Bhajiawala family: Rs 1.45 crore cash, of which about...

The untold story: Credit growth slows after note ban

Banks lend ₹ 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion...

Co-op banks seriously tampered with cash records post note ban

Officials said it had informed the RBI about these alleged malpractices...

Thu, Jan 19, 2017
Your cash deposits, credit card bills now under I-T scanner

Payments made by any person of an amount aggregating to Rs 100,000 or more in...

Govt wisens up, plugs holes in 2nd black money scheme

The PMGKY will not allow declarants to use claims made for refunds for...

'RBI has been against demonetisation'

'It is like bombing a building with 200 people to kill 5 terrorists.'

After 9 weeks currency in circulation shows rise

Going by the pace, almost 80 per cent of the demonetised currency is expected...

Wed, Jan 18, 2017
Congress leaders protest against demonetisation outside RBI offices

They alleged that the central bank has "failed miserably" in handling the...

Demonetisation talks with govt began early 2016: RBI governor

Reserve Bank of India Governor Urjit Patel is learnt to have told the...

Train travel dips, but don't blame demonetisation

The number of poor people travelling by train has followed a similar trend...

Seven note ban tricks and one lesson

The government has provided no official explanation behind the note ban that...

Tue, Jan 17, 2017
Some questions for Parliament panel to ask RBI guv

If the high security notes introduced in 2015 were kept in the system, the...

'Digital payments have become a fashion statement'

N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project,...

Data shows economic activity falters after note ban

Leading indicators suggest economic activity has been disrupted after...

A $100 million price tag!

Benefits of demonetisation come at a heavy price for Fintech firms. They will...

How note ban saved the sugar industry

A projected drop in production in the 2016-17 sugar season...

Parliamentary panel to quiz Urjit Patel on note ban on Wed

Standing committee on finance to also focus on RBI autonomy and citizen's...

Mon, Jan 16, 2017
Post demonetisation, IMF cuts India's growth to 6.6%

IMF said in 2017, India is likely to grow at the rate of 7.2 per cent instead...

Finally some good news! Daily ATM withdrawal limit hiked to Rs 10,000

The limit on withdrawal from current accounts has been enhanced to Rs 100,000...

Note ban: RBI guv to appear before Parliament panel on Jan 20

The chairman of Parliament's Public Accounts Committee, K V Thomas, on Monday...

'DeMo impact over by March'

'I expect a demand stimulus in the Budget.'There has been such a shock to the...

Easing note ban pain through rural housing scheme

Almost 3.3 million houses awaiting completion under the IAY will be built by...

Sat, Jan 14, 2017
FinMin officials to brief panel on note-ban 20/1

Parliament's PAC rejects BJP MP Kirit Somaiya's plea that the briefing be...

Fri, Jan 13, 2017
RBI's autonomy and image 'dented beyond repair'

RBI staff tell Governor Urjit Patel that the central bank's image of...

#Notebandi: Card transactions shot up by 90%

Retailers in the food, grocery and fashion retail segments to be unaffected

Note ban: PAC says PM will not be called

The decision came after a storm was kicked up by the ruling party members on...

The 'C' word India needs (and it's not cashless)

Cashless transactions need ubiquitous connectivity, which we don't have. And...

A dummy's guide to Bitcoin

Rajesh Bhayani highlights all that you need to know about the online currency.

Low 2015 base shows industrial output at 13-month high in note-ban November

The sharp rise was also due to a statistical illusion -- low industrial...

Thu, Jan 12, 2017
Black money has destroyed nation, fight against it: PM to youth

"Please guide those around you on increased cash-less transactions....

Worst is yet to come: Manmohan on note ban

He dismissed as 'hollow claim' and 'Modi's propaganda' that things have...

Wed, Jan 11, 2017
Worst is yet to come: Manmohan on demonetisation

He dismissed as "hollow claim" Prime Minister Narendra "Modi's propaganda"...

TMC meets Prez for third time, calls note ban 'super emergency'

Trinamool Congress MPs accused the Modi government of having imposed a "super...

Demonetised notes continue to flow at hundi of Lord Venkateswara

The annual cash offerings of the hundi in the just ended calendar year have...

World Bank bets on growth post notes ban

'We expect growth to increase in 2017, after this brief period associated...

Small traders hit by note ban, pain to linger for 3 quarters

In 50 days, 60% of the work force was let off in retail, agri, textile and...

'Demonetisation was atrociously planned, executed: New York Times

In a hard-hitting editorial, the US daily further stated that while 'many...

How note ban came to the aid of UCO Bank

While its deposits from Iran accounts have come down from a peak of around Rs...

Tue, Jan 10, 2017
Govt's tax revenues soared in note-ban November

In the post-demonetisation phase, the govt's tax revenues have ended up...

Demonetisation: Rs 3-4 lakh crore tax-evaded income deposited

It has come to light that Rs 25,000 cr cash was deposited in dormant bank...

Why your home and auto loans will now be cheaper

The recent spate of rate reductions is among the sharpest in one shot since...

Why Modi could have a long-ish ride

'Modi is likely to make more announcements to win or retain popularity, and...

'2017 won't be a year of big returns for investors'

'Everyone is still trying to understand the quantum of impact demonetisation...

Ramdev's advice to Modi: Stop printing of Rs 2K notes in future

Terming demonetisation as a historic and brave step, he said, black money...

Mon, Jan 9, 2017
Demonetisation just a bump; India to maintain 7% growth: Cisco

Chambers said Internet will facilitate 3-5 times the economic impact at a...

Nitish says JD-U will review note ban on Jan 23; dismisses Lalu seating row

"It was a social event and we did not talk politics there," he said on his...

Charges on card payments to stay

As in the past, it is up to the merchants to decide if they will bear the...

Will PAC question Modi on note ban?

'The committee has all the right to call anybody involved in the matter. But...

Centre is desperate, blundering: Vadra slams government on note ban

Terming demonetisation as an 'unplanned and unthought process', Vadra wrote,...

Sun, Jan 8, 2017
I-T dept asks banks to report pre-note ban cash deposits

Banks, cooperative banks and post offices will have to report to the tax...

Fri, Jan 6, 2017
Demonetisation likely to pull down India's growth further

India Inc said policymakers should take doable steps to revive fixed...

Even without demonetisation, GDP growth slows to 7.1%

The First Advance Estimates of National Income, 2016-17 did not reflect the...

#Notebandi: GDP may sink to 5%, warns Montek

He said that land, a state subject, was a big destination of black money...

Alcohol ban is like demonetisation

Sunanda K Datta-Ray considers them sound in theory, but incapable of making...

Demonetisation may be a very costly failure

Available evidence suggests that we are on the way to a very costly failure...

RBI reworking demonetisation numbers

'RBI is taking all steps to complete the process expeditiously so as to...

Thu, Jan 5, 2017
Take extra care to lessen suffering of poor post note ban: Prez:

President Pranab Mukherjee on Thursday cautioned that poor cannot wait for...

Explained: Has demonetisation worked?

Prithviraj Hegde explains the first results of the demonetisation exercise in...

After Nitish supports note ban, Modi lauds Bihar CM over liquor ban

The two leaders heaped praise upon each other for effectively implementing...

Wed, Jan 4, 2017
When will restrictions on cash withdrawal go?

Jaitley said, RBI will decide by assessing market situation

Why advance GDP estimates won't fully capture note ban effect

Much of the Q3 data will simply not be available for the CSO to factor in its...

All eyes on Uttar Pradesh, even Paytm's

The firm chooses UP for payments bank launch in February. Karan Choudhury...

Is the Note Ban a success?

Demonetisation should be judged to have delivered some immediate gain if at...

Tue, Jan 3, 2017
The pain of demonetisation was not justified

Political compulsions have led to a change of narrative. But, in the ministry...

Next demonetisation blow: Higher electricity bills

A digital economy can only work with uninterrupted electricity supply. So,...

Mon, Jan 2, 2017
Cash crunch: Car market in India stops short of 3 mn units

December is a month of high retail sales for cars, as companies and dealers...

Note ban, mega deals shaped India's realty segment

While office and mall properties enjoyed revival and saw some big PE deals,...

NRIs need to show old notes to Customs at airports

Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000...

Jharkhand ultras lose Rs 80 crore due to demonetisation

The ultra groups are desperate ever since the Narendra Modi-led government...

Note ban fallout: Manufacturing contracts in December

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an...

Going cashless costs YOU much more!

At a time when the Modi government is attempting to push cashlessness with...

Note-ban not a yagna but a forest fire, alleges Congress

Hitting out at Prime Minister for calling note-ban a 'shuddhi yagna', senior...

Sun, Jan 1, 2017
Post note ban, Jan Dhan a/c deposits double to Rs 87K cr

Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45...

Fri, Dec 16, 2016
How to benefit from the cashless drive

All payments made via debit and credit cards, net banking and mobile wallets...

Thu, Dec 15, 2016
Washed out Parliament sessions and its impact on India

'The role of Parliament is to hold the government of the day, whichever...

Fri, Dec 9, 2016
A month on, how the Cash Crunch affects India

Reports from Ludhiana, Coimbatore, Moradabad, Tirupur, Indore, Surat, Delhi,...

Thu, Dec 8, 2016
Urjit Patel: 'Control on withdrawals not likely to be permanent'

'During the transition process, we have some control over the...

Thu, Dec 1, 2016
Old Rs 500 notes valid till Dec 2 for fuel, air ticket purchase

The old note will continue to be accepted for other utility bill payments as...

Pay day rush: Banks resort to rationing of cash

Some banks are disbursing only Rs 5,000 per person while those having better...

Will they get their salaries on time?

With the first salary date after demonetisation around the corner, will...

As payday dawns, will RBI give the banks enough cash?

If the RBI fails to provide adequate cash, it may lead to serious law and...

Wed, Nov 30, 2016
Nagrota attack, demonetisation stop work in Parliament

Opposition parties forced early adjournments in both Houses of parliament as...

To check misuse, Rs 10,000 withdrawal limit on Jan Dhan accounts

Fully know your customer-complaint Jan Dhan account holders will be allowed...

Tue, Nov 29, 2016
No Modi, no work: Opposition locks down Parliament

Vociferous protests by Opposition benches demanding the presence of Prime...

My sobering encounters with Modi's Digital India

In these times of Rs 2,000 notes and digital payment apps, Syed Firdaus...

I know what you did on Tue night: Minister tells jewellers

The minister asked jewellers not to recover transaction charges for use of...

Panel of CMs to push cashless economy

Modi government plans to set up a committee of five or six chief ministers to...

Mon, Nov 28, 2016
8 days on, Parliament stuck on demonetisation

Both Houses were adjourned multiple times as Opposition members kept on...

Living cashless: How I travelled to 5 cities with Rs 600

Readers tell us how they are managing without cash since November 8.

NRIs watch out: Stricter norms for you!

NRIs could run into difficulties if they possess discontinued currency notes...

Modi has been let down by bureaucracy

'The experience so far is a shocking example of how critical scheme of...

A cashless wedding: Is it possible?

E-wedding planners allow you to book everything online, including venues,...

More steps needed to make e-transactions safer

Absence of comprehensive data protection and privacy laws will be barriers in...

Why Modi continues to enjoy wide popular support

'I have no doubt that the government means well.''I am merely curious to know...

Fri, Nov 25, 2016
Jaitley counters Manmohan, pitches 'honest system' for transformation

"We are trying to transform India's economy where there is a premium on...

Unaccounted bank deposits face 50% tax, 4-year lock-in

A minimum of 50 per cent tax may be levied on unexplained bank deposits made...

Opposition derails Parliament after PM takes a dig at them

The winter session of Parliament witnessed another round of protests by the...

Thu, Nov 24, 2016
'One person cannot take decision for 125 cr people'

Uddhav said there was no point in Modi becoming emotional at a time when...

Government extends toll exemption till Dec 2

The move was taken to ensure smooth traffic flow and mitigate currency...

Opposition manufacturing reasons to escape debate: Jaitley

Jaitley said it is no surprise that Dr Manmohan Singh is unhappy as 'maximum...

Did the RBI keep the PM in the dark?

'When I met the prime minister on November 15 there was no RBI report with...

If you find a bag of money on the road, don't pick it!

'Many theories are doing the rounds on how to declare unaccounted...

'In Mumbai, retail business is suffering daily by Rs 325 crore'

'People are trying to save money because of uncertainty and insecurity.'

Wed, Nov 23, 2016
Nation Building at the ATM

'As citizens of this country, we often expect sweeping changes here, but find...

Parliament work washed out for 5th day over demonetisation

Opposition members kept on shouting 'Pradhan Mantri sadan me aao'.

PM has done world's biggest impromptu financial experiment: Rahul on note ban

"We feel there is a scam behind this decision," Rahul said.

What happens to the money you deposited?

If currency controls are maintained indefinitely, popular support for...

'When people are suffering, how can you call it a good cause?'

'How can you ask the common man alone to suffer when the rich is not doing...

Cash crisis: Not the first time it's happened

India has gone through this exercise twice, and here's what happened then.

Tue, Nov 22, 2016
75,000 ATMs recalibrated in under 6 days

Around 2,500 engineers and 45,000 cash management employees step up efforts...

Having shown decisiveness, Modi needs to show governance

'With the country is a crisis that directly affects hundreds of millions, we...

Mon, Nov 21, 2016
After all this fuss, I-T may only probe 1% of assessees!

With a staff crunch, it seems the I-T department would now target only the...

WATCH LIVE! Government vs Opposition duel in Parliament

A united opposition is all set to corner the government in Parliament today...

Rahul meets people in ATM queue early morning in Delhi

Interacting with the locals, Rahul asked them about the inconvenience they...

Why stable monetary conditions must be urgently restored

Ajay Shah

Printing Rs 2,000 note without mandatory notification illegal: Congress

Congress says the notification required to be issued under the RBI Act for...

Sun, Nov 20, 2016
Commerce minister: 'There is no panic'

'People are willing to face temporary inconvenience as they are determined to...

Cash Crisis: Daily wagers skip meal

'Modi has said the poor are sleeping peacefully and the rich are buying...

Sat, Nov 19, 2016
Why it will take weeks to tune ATMs

With about 2,000 qualified engineers to service ATMs across the country, it...

After cash crunch, banks grapple with space crunch

If struggling with dealing with queues of people asking for new notes wasn't...

Fri, Nov 18, 2016
Beware, taxmen to watch your posts on social media

Information gathered from a person's social media account will be matched...

Why govt stopped co-op banks from changing 500/1,000 notes

'Some co-operative banks are dominated by politicians and were reportedly...

Housewives, want to deposit Rs 2.5 lakh? This is for you

'Housewives depositing cash up to a limit of Rs 250,000 need not worry.''It...

Thu, Nov 17, 2016
Thank you Mr PM, for showing my daughter pre-1991 India

But for the PM's decision, my teenage daughter, a child of the post-economic...

Here's where Bollywood stashes its cash!

Bollywood and black money go a long way.

'Modiji, the poor are not sleeping in peace'

'If you want proof, visit any bank in Mumbai and you will find the poor...

Congress, BJP got Rs 5,450 cr from 'unknown sources'

I-T returns data show 83% of the Congress' and 65% of the BJP's total income...

Day 9: Aaj ki Taaza Khabar

I-T lens on current account deposits over Rs 12.5 lakh. All the news and more...

Wed, Nov 16, 2016
Mamata leads protest march to Rashtrapati Bhavan against demonetisation

She said the situation arising out of demonetisation has triggered a sort of...

Cash van attacked in Guwahati, 1 killed

The vehicle was carrying cash in new currency notes for wage payment to...

PM not taking action against his 'industrialist friends': Rahul

"Your money will be given to those select 15-20 industrialists," Rahul alleged.

Parrikar's remarks on note ban ending Kashmir protests a misconception: Farooq

"If the defence minister thinks that by examination and change in currency...

Government fights back: Some pain is inevitable, but...

Power Minister Piyush Goyal, who spoke on behalf of the ruling side after...

Opposition to bring adjournment motion in LS over note ban

On the first day of winter session, Prime Minister Narendra Modi reached out...

PHOTOS: The big fat Rs 500 crore Reddy wedding

The mining baron and former Karnataka minister, Gali Janardhana Reddy, has...

'I still have Rs 85 cash left'

Rediff readers share their Cash Crisis experiences.

Kohli on demonetisation: 'Greatest move in the history of Indian politics'

India's Test skipper Virat Kohli described Modi government's demonetisation...

'Big fish have fled; they are 10 times smarter than govt'

While some criticise the government, others, despite the inconvenience, hail...

Cash Crisis: Day 8: Aaj ki Taaza Khabar!

Cashi Crisis: Day 9: Aaj ki Taaza Khabar!

Tue, Nov 15, 2016
Ahead of Parl session, PM seeks opposition's cooperation over note ban

Asserting that the government has launched a "crusade" against corruption and...

Parliament set to witness furore over note ban

A Congress-led opposition on Tuesday came together seeking to pin down the...

PM's mother stands in bank queue, gets notes exchanged

Heeraben Modi, who had to use the help of a wheel chair and other people to...

BJP ally Shiv Sena to join Mamata's protest march over note ban

Mamata telephoned his party chief Uddhav Thackeray and sought Sena's support...

Congress leaders stashed Rs 12L cr, PM turned it into scrap: Shah

Shah also mocked the Congress vice-president for "going to a bank in a Rs-4...

MFs could see windfall of up to Rs 16 lakh crores

Demonetisation could see anywhere between Rs 8 and 12 lakh crore coming into...

Banks to use indelible ink to check repeated note exchange

Govt sets up task force to monitor circulation of fake currency; suspicious...

Kejriwal calls note ban a 'fraud', seeks rollback

He said the move is aimed at benefiting a 'particular political party'.

SC refuses to stay note ban, but warns against 'surgical strike on people'

SC asked AG to file an affidavit about the measures undertaken by the govt...

Sena MP: 'This is dictatorship, not democracy'

Attacking BJP General Secretary Ram Madhav over his 'test of patriotism'...

iPhone sales plunge, drags other smartphones down too

Sale of iPhones hits the bottom; firms to postpone new launches; shipment...

BJP MP: Rural economy has collapsed post note ban

'Farmers are much pained today.''They have no idea what to do with the money...

Waiting at the bank at 3 am!

Indians waiting patiently in serpentine queues outside Mumbai banks tell...

How to Survive the Cash Crisis

What can households do with the old Rs 500 and Rs 1,000 notes?How can they...

Want cash? Bollywood tells you how!

Some lessons to be learnt here!

Tell us your Cash Crisis story!

What has your experience been like?Did you have to wait hours trying to get...

Cash Crisis: What did the PM discuss on Sunday night?

A task force will speed up the recalibration of 200,000 ATMs so these can...

Coming Next? No income tax, only BTT

ArthaKranti wants the government to abolish income tax and 56 other taxes and...

'Mallya a patriot, people standing in queues are thieves'

'Those who looted the nation have fled the country.''Those with rooms full of...

SBI Boss: Banks will be back to 'normal' by November 30

'We have collected Rs 83,702 crore in deposits in five days.'

BJP pushes Jaitley to give tax relief in Budget

Budget announcements will come right before five states, with population of...

'Why was the government not prepared?'

'Post Independence, it is for the first time that people have Rs 500 in their...

Cash crisis: Aaj ki taaza khabar!

Aaj ka taaza khabar

Mon, Nov 14, 2016
ATM woes: 'No cash, machine closed'

Mumbai ATMs stop dispensing cash.

Opposition parties unite to corner Centre in Parliament

The meeting saw archrivals TMC and CPI-M coming together on a common platform...

Amid cash crunch, Modi, opposition battle it out over note ban

As Prime Minister Narendra Modi defended the demonetisation move, the united...

'Extremely cheap': Opposition slams PM's emotional speech

AAP says the nation doesn't need PM's tears but solution to the ongoing crisis.

'Gold has vanished from the system'

Jewellers sold huge quantities of precious ornaments at a premium of up to 50%.

Banks closed today; queues get longer at ATMs

Many sections of the society including small traders, restaurant owners,...

'Ek bhi neta nahi dikha line mein'

Paloma Sharma -- the only non-middle aged, non-canine member of the home --...

Bad loans will continue to haunt SBI

There seems to be little stopping in the creation of loan slippages. At Rs...

Much in demand these days: CAs and their creative solutions

Amid persistent fear of prosecution and penalty, people across income classes...

Mr PM, you lost the war, the battle and me

'You may show at the end of December how much money has come into the system,...

Uttam's Take: Big Brother is watching your money

Uttam Ghosh fears demonetisation will lead to increased governmental meddling...

Sun, Nov 13, 2016
Didi calls up rivals, urges them to 'unite' against BJP

CPI-M calls her bid 'desperate attempt to save herself'.

Day 4: India continues to stand in queue as banks work on Sunday

To manage anxious crowds, as many as 3,400 personnel of paramilitary and...

Revoke note ban before situation goes out of hand: Kejriwal

He claimed 50 per cent of the country's black money was going to BJP's coffers.

Mediocrity comes face to face with reality: Rahul hits back at PM

Gandhi had earlier tweeted about a smiling Modi during the latter's visit to...

Congress only had strength to ban 25 paise: PM

For 70 years the country has been looted, give me 70 months I will clean it...

Days after 'surgical strike' on graft, babu gets new notes in bribe

The bribe contained 17 newly-introduced Rs 2,000 currency notes, ACB said.

War on cash, India-Japan n-deal: Modi bends like Beckham

'Modi's abject capitulation will play out badly in his core...

Don't hoard cash; come to banks when you need money: RBI

The RBI 'assured people' that enough cash in small denominations is also...

Sat, Nov 12, 2016
Jaitley regrets inconvenience, urges patience in changing notes

He said it may take up to 3 weeks for all the 2 lakh cash vending ATMs to...

No change, Moradabad shopkeeper charges Rs 500 for 3 kg salt!

In Delhi too, rumours flew thick and fast that salt has gone out of shelves

Fri, Nov 11, 2016
Why are Maya, Mulayam, Kejriwal troubled by black money curbs, asks Shah

He challenged political parties to face the polls with the issue.

When people standing in bank queue found Rahul Gandhi among them

He was at the bank for about 40 minutes and got his Rs 4,000 exchanged with...

3 die in queue to exchange notes; ATMs across country run dry

73-year-old dies in Mumbai, 75-year-old in Kerala.

'All we need is cash!'

Day Two after the banks reopened following the prime minister's...

Marie Antoinette and Paytm in Modi's India

Day 2: Syed Firdaus Ashraf attempts to deposit Rs 500, 1,000 notes in his...

Amid cash rush, RBI asks people to be patient

There is enough cash available with banks and all arrangements have been made...

'A chaiwala did, what an economist couldn't'

As people wait in long queues outside banks, they appear happy that the ban...

Rs 6 lakh crore unaccounted cash will be back: BJP

A BJP leader said the money would be spent on welfare schemes for the poor,...

Share a selfie with the new currency

Were you one of the lucky Indians who handed over your Rs 500 and Rs 1,000...

Cash-to-cashless journey won't be easy

While the acceptance of cards, mobile wallets and banking apps is increasing,...

Thu, Nov 10, 2016
'My hard-earned money is useless'

'Which is the line for depositing money?''Which is the line for changing...

Donations to temples, FDs in co-op banks under govt scanner

Some people have tried to secure their unaccounted cash by donating it to...

'Modi will suffer for this in the next elections'

Syed Firdaus Ashraf goes to the bank to withdraw cash, a day after high...

New Rs 1000 notes will be back in few months

Currency notes of lower denomination of Rs 100 and Rs 50 will continue to be...

Modi has imposed 'undeclared economic emergency': Mayawati

She said poor people and farmers have been badly hit by high denomination...

IN PIX: People throng banks as they reopen on Thursday

Banks will remain open for the public even on the weekend

Check out the new Rs 500, 2,000 notes!

Both the new designs, Rs 500 and Rs 2,000, will be very friendly towards the...

How much does it cost to print money?

If RBI has to replace the entire stock of Rs 1,000 and Rs 500 notes with Rs...

The man who proposed the ban on Rs 500, 1,000 notes

'By demonetising higher denominations of currency notes, we have taken out...

Only 10 people knew of the 500/1,000 plan

Only 10 people knew of the 500/100 plan

'We will keep an eye on all transactions'

The government will assess how cash deposits after the demonetisation could...

Wed, Nov 9, 2016
Plea in SC against ban on Rs 500, Rs 1,000 notes

The PIL, which could be listed for hearing during the week, termed Tuesday's...

Govt suspends highway toll till Nov 11 midnight

To deal with the chaos at toll plazas arising out of the government's junking...

'For the retail business, the rest of the month is finished'

'My turnover is in crores. I am not going to sit down with IT officials,...

'This is also a war against Pakistan'

'This is not only a fight against corruption and black money, this is also a...

This chat is over now: All about ban on Rs 500 and Rs 1000 notes

Investment advisor Harsh Roongta will answer your queries on the ban on Rs...

Jaitley spells it out: No tax immunity on deposit of old notes

"If the money is legitimate which had been previously withdrawn from bank or...

'Any surgical procedure will create some discomfort'

'The common man in India who doesn't have anything to hide will have to put...

Gone in 60 seconds! Rs 6 lakh crore of investor wealth

00 hours.The overall investors' wealth, measured in terms of valuation of all...

New currency notes in ATMs from Friday: Finance secy

The ATMs will open on Friday and at many places they will open on Thursday,...

Don't panic, there's enough time to get new notes

In the next few days, use credit/debit cards wherever possible or download...

I-T Dept to keep record of deposits over Rs 2 lakh

The department will impose a penalty, which could be between 30 per cent and...

It's a politically astute move by Modi

It has the potential to burnish his image as a strong leader, bring down...

Scrapping notes will boost demand for gold

The Modi government's decision to demonetise Rs 500 and Rs 1,000 banknotes...

Small developers, secondary home sales market to be hit

Realtors split on possibility of price fall, gold may replace cash in...

'The markets will be crushed'

'For the next three months or so, the market will go down.''Traders do not...

PM's Surprise: 'It is bold, courageous, innovative'

'Ultimately if your aim is that you need to be able to deal with a security...

'Come December 31, we will be a better nation'

'This wipes out the entire black money in the nation in one stroke. Ninety...

Official Take: Why Rs 500 and Rs 1,000 notes were scrapped

The finance ministry has issued a note which says that the government and the...

Currency scrap: BJP hails Modi, but Congress calls him Tughlaq

Prime Minister Narendra Modi's announcement about demonetising Rs 1,000 and...

Tue, Nov 8, 2016
What to do with Rs 500 and Rs 1000 notes you have

The government on Tuesday night announced that Rs 500 and Rs 1,000 will be no...

What PM told the nation: 'Secrecy was essential for this action'

Here's the full text of Prime Minister Narendra Modi's address to the nation...

First Look: New notes of Rs 500, 2000

Here is the new look of new notes.

'A bold step': This is how India Inc responded

Some initial reactions to Prime Minister Narendra Modi's announcement of...

Banks to open more counters, work extra hours to exchange notes

Anticipating panic and rush at bank counters, the Reserve Bank of India as...

Rs 500, 1000 notes scrapped; ATMs, banks closed tomorrow

The people of India have 50 days, from November 10 to December 30, to deposit...

VOTE: Do you support scrapping of Rs 500, 1,000 notes?

Do you support scrapping of Rs 500, 1,000 notes?