INDIA

Demonetisation

No plan to re-introduce Rs. 1,000 note; don't withdraw more money than needed: Govt.
22.02.17 17:39 as Demonetisation - TEAM PT

The government has no plans to re-introduce 1,000 rupee notes and is focusing to increase production of lower denomination currencies to address cash shortage, Economic Affairs Secretary Shaktikanta Das said today.
 
"No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs ...
  


Manmohan Singh comes to rescue of RBI Governor as House panel criticises him
18.01.17 19:39 as Demonetisation - Agencies

Members of the Parliamentary Standing Committee on Finance on Wednesday criticised Reserve Bank of India Governor Urjit Patel for his inability to answer queries related to demonetisation. 

"Patel was unable to tell us how much money has come back to the banks," said Trinamool Congress MP ...
  


ATM withdrawal limit raised from Rs. 4,500 To 10,000 a day,says RBI
16.01.17 17:39 as Demonetisation - TEAM PT

The Reserve Bank of India on Monday increased the withdrawal limit from ATM's from Rs 4,500 to Rs 10,000 per day per card. However, the weekly withdrawal limit from banks remain at Rs 24,000 per week.

"The limit on withdrawals from ATMs has been enhanced from ...
  


PM Modi thinking of next generation, Rahul Gandhi of disrupting next Parliament session: Arun Jaitley
08.01.17 13:19 as Demonetisation - TEAM PT

Ahead of the budget session of parliament, Union finance minister Arun Jaitley has attacked Rahul Gandhi, saying he is interested only in disrupting parliament. In his blog today on the ban on 500 and 1000 rupee notes announced on November 8, Mr Jaitley also used ...
  


President Mukherjee says demonetisation may lead to temporary slowdown of economy
05.01.17 19:01 as Demonetisation - TEAM PT

In his first remarks after the 50-day deadline to deposit old notes lapsed on December 30, President Pranab Mukherjee on Thursday warned that Prime Minister Narendra Modi’s demonetisation drive may lead to a temporary slowdown of the economy. "Demonetisation, while immobilising black money and fighting ...
  


Rahul, Mamata call for Modi's resignation 'if note ban situation doesn’t improve after 50 days'
27.12.16 18:34 as Demonetisation - TEAM PT

A group of opposition parties, including the Congress, wondered on Tuesday if Prime Minister Narendra Modi would resign if a nationwide financial chaos following the recall of high-value didn’t normalise after the December 30 deadline set by him.

Addressing a joint press conference of eight Opposition ...
  


Demonetization a short-term pain, won't shy away from taking tough decisions: Modi
24.12.16 13:44 as Demonetisation - TEAM PT

Prime Minister Narendra Modi on Saturday said that his government would not shy away from taking more tough steps to tackle black money, while speaking at the National Institute of Securities Markets (NISM) in Raigad.
 
Addressing a gathering, Modi said that the demonetization is a short-term ...
  


One more Shocker: Now you CAN'T Deposit above Rs5000 more than once
19.12.16 18:03 as Demonetisation - TEAM PT

On the 41st day of Prime Minister Narendra Modi’s 50-day promise to get back normalcy in common man’s life post 8 November demonetisation announcement, yet another promise is broken.
 
The government has in new restrictions said that deposits of more than 5,000 rupees in old 500 ...
  


Buying petrol, insurance via digital mode to be cheaper: Arun Jaitley
08.12.16 19:32 as Demonetisation - TEAM PT

In bid to promote less-cash economy, the government today announced discount on an array of services from buying petrol to insurance and railway tickets through the digital mode and waived service tax on card transactions of up to Rs 2,000.
 
The government said for those using ...
  


Cash crunch will ease by year end: Arun Jaitley
02.12.16 15:16 as Demonetisation - TEAM PT

Finance Minister Arun Jaitley said on Friday that the cash crunch that followed the scrapping of Rs. 500 and Rs. 1,000 notes would ease by December 30 with the release of new Rs. 500 and Rs. 2,000 notes.

Mr. Jaitley, however, said the amount of new ...
  



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