currency notes

IMF supports India currency steps to fight corruption

The IMF said today it supports India's efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimize disruptions in the economy.

Nov 11, 2016, 02:02 AM IST

NRIs in UK will get help to deposit banned notes: Indian envoy

The Indian government is looking at ways to help NRIs who may possess some banned currency notes so that they can deposit them at a branch of an Indian bank overseas, India's acting high commissioner to the UK said.

Nov 10, 2016, 20:06 PM IST

Demonetisation: Confusion over Income Tax department's `action` in Delhi, Mumbai, Ludhiana, Chandigarh

Millions of anxious people with Rs 500 and 1,000 notes mobbed banks across India throughout Thursday to exchange or deposit them.

Nov 10, 2016, 19:11 PM IST

In pics: First look of all new Rs 2000 currency note!

The Reserve Bank of India (RBI) launched new Rs. 500 and Rs. 2,000 currency notes on Thursday. 

Nov 10, 2016, 12:46 PM IST

Supreme Court to hear pleas against demonetisation of notes on November 15

The Centre on Thursday filed a caveat in the Supreme Court that it be heard if the court entertains any petition on demonetisation of Rs 1,000 and Rs 500 notes even as the apex court indicated that it may hear on November 15 a plea challenging the government decision.

Nov 10, 2016, 12:10 PM IST

Demonetisation effect: Sales of TVs, refrigerators may take 70% hit

As demonetisation of Rs 500 and Rs 1,000 currency notes comes into effect, sales of consumer goods manufactueres such as TVs and refrigerators may take a hit by 70 percent

Nov 10, 2016, 11:31 AM IST

Demonetisation in national interest, small depositors will not face any problem: Arun Jaitley

Finance Minister Arun Jaitley on Thursday said that governmen took the decision to scrap Rs 500 and Rs 1,000 currency notes in the national interest.

Nov 10, 2016, 11:21 AM IST

Meet Anil Bokil, the man behind Modi's decision to demonetise Rs 500, Rs 1,000 currency notes

In a move to stamp out black money from economy, Prime Minister Narendra Modi on Tuesday announced demonetisation of Rs 500 and Rs 1,000 currency notes. 

Nov 10, 2016, 09:44 AM IST

RBI to launch new Rs 500, Rs 2,000 currency notes from today

The Reserve Bank of India (RBI) will launch new Rs. 500 and Rs. 2,000 currency notes from today."The decision to cancel the legal tender scatters of 500 and 1000 rupees note is a very bold, powerful and decisive step to fight the menace of black money and the use of fake Indian currency notes.

Nov 10, 2016, 09:13 AM IST

Govt to keep track of deposits above Rs 2.5 lakh, to attract tax plus 200% penalty on income mismatch

Further dangling the stick, government on Wednesday night warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 percent penalty in case of income mismatch.

Nov 10, 2016, 09:03 AM IST

Scrapping of Rs 500, Rs 1,000 notes: Here's how hoarders are disposing off their black money

People sitting on a huge pile of untaxed cash have found some really interesting way to dispose off the amount.

Nov 10, 2016, 07:16 AM IST

Interesting facts about history of demonetisation of Indian currency

Here's looking at some interesting facts about the history of demonetisation of Indian currency.

Nov 10, 2016, 06:26 AM IST

Confusion over demonetisation of Rs 500, Rs 1,000 notes? Clarify your doubts via this email id and phone number

If you are still confused regarding the demonetisation scheme you can email RBI or approach them through telephone.

Nov 10, 2016, 03:02 AM IST

Want to exchange Rs 500, Rs 1,000 notes? You will need these documents for proof of identity

Following are the list of documents which will work as identity proof.

Nov 10, 2016, 01:24 AM IST

Congress labels Rs 2,000 note a puzzle, questions scrapping of Rs 500, Rs 1,000 currency notes

Questionin government's decision to scrap Rs 500 and Rs 1,000 currency notes, veteran Congress leader and former finance minister P Chidambaram said that it's difficult to comprehend how a Rs 2,000 note will fight graft. He labele the Rs 2,000 note a ouzzle

Nov 09, 2016, 15:58 PM IST

New currency notes to be available in ATMs from Friday: Govt

The new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start operating again from Friday, Finance Secretary Ashok Lavasa said on Wednesday.

Nov 09, 2016, 14:34 PM IST

Demonetisation of Rs 500, Rs 1,000 notes: All about exchanging existing currency notes

The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.

Nov 09, 2016, 13:50 PM IST

Demonetisation of Rs 500, Rs 1,000 notes: All about the newly introduced scheme

In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

Nov 09, 2016, 13:19 PM IST

Demonetisation of Rs 500, Rs 1,000 notes: FAQ by Reserve Bank of India

In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

Nov 09, 2016, 12:49 PM IST

People with legitimate cash need not worry: Arun Jaitley

Finance Minister Arun Jaitley said on Wednesday that Indian economy needs to become cashless soon and people with legitimate cash should not worry at all.  

Nov 09, 2016, 12:24 PM IST