Demonetisation

'Existing Indian ATMs to be replaced with innovative ones'

NCR`s manufacturing facility in Chennai has manufactured 200,000 ATMs since 2004. The company exports 70 percent of the machines manufactured in Chennai facility.

Nov 07, 2017, 23:25 PM IST

One year of demonetisation: Centre stands firm as Opposition gears up for 'Black Day'

The Centre on Tuesday justified its decision to ban old currency notes of high denomination even as the Congress-led Opposition geared up for the ''Black Day'' protest on Wednesday.

Nov 07, 2017, 22:44 PM IST

Govt plans phase-2 of digital payment push from Jan

The RBI data shows increasing trend in UPI (unique payment interface) based transactions.

Nov 07, 2017, 22:03 PM IST

Notebandi ka ek baras nahi, barsi hai: Akhilesh Yadav on demonetisation

The opposition parties have planned to mark November 8 as ‘Black Day.

Nov 07, 2017, 20:53 PM IST

People faced serious problems due to note ban: Survey

The survey, that contained 96 questions, was done between December 2016 and January 2017 across 21 major states including Delhi, Haryana, Uttar Pradesh, Punjab, Madhya Pradesh, Maharashtra, Andhra Pradesh, Rajasthan, Tamil Nadu and West Bengal.

Nov 07, 2017, 20:11 PM IST

Demonetisation led to multiple benefits, lower interest rates: PMO

The outstanding demonetised notes as on November 8, 2016 were Rs 15.44 lakh crore. Of these, Rs 15.28 lakh crore or 99 per cent were returned, leaving only about Rs 16,000 crore outside the banking system.

Nov 07, 2017, 20:04 PM IST

Demonetisation checked growth in high value notes: PMO

The government on November 8 last year had announced the scrapping of Rs 500 and Rs 1,000 notes, totalling Rs 15.44 lakh crore. It constituted 86 per cent of the total cash in circulation.

Nov 07, 2017, 20:01 PM IST

Demonetisation checked terror financing: Goa CM Manohar Parrikar

Manohar Parrikar said on Tuesday that steps taken by PM Modi has helped in bringing terror financing under control.

Nov 07, 2017, 19:16 PM IST

Next generation will look at demonetisation with great pride: Arun Jaitley

The Finance Minister said he was "more than satisfied" with the new direction the economy is moving.

Nov 07, 2017, 17:35 PM IST

Watch: FM Arun Jaitley speaks on first anniversary of demonetisation

Finance Minister Arun Jaitley calls demonetization a watershed moment for Indian economy in the press briefing over demonetization's first anniversary. Watch to know more what he said.

Nov 07, 2017, 17:10 PM IST

Demonetisation not one-stop solution to end corruption: Arun Jaitley

The Finance Minister said he was "more than satisfied" with the new direction the economy is moving. 

Nov 07, 2017, 16:27 PM IST

A year after demonetisation – Read Arun Jaitley's full post

Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs 1,000 notes on November 8 last year, in a surprise move.

Nov 07, 2017, 12:43 PM IST

Demonetisation was a disastrous policy thrust on Indians: Manmohan Singh in Gujarat

Criticising the policy, he said that coercive steps like demonetisation are ineffective in promoting less cash economy.

Nov 07, 2017, 12:22 PM IST

Demonetisation may increase economic inequalities: Manmohan Singh

Former Prime Minister Manmohan Singh has called demonetisation a "catastrophic economic policy" that may aggravate inequalities and prove to be a "far greater social malaise" in a diverse country like India, and asked Prime Minister Narendra Modi to accept the "blunder" and work towards a consensus to rebuild the economy.

Nov 06, 2017, 21:24 PM IST

A year on, bankers say note ban has been good for them

ICICI Bank chief executive Chanda Kochhar said the note ban led to formalisation of financial savings and increased the flow of funds to mutual funds and insurance.

Nov 06, 2017, 19:18 PM IST

Cash comes at a cost, nation moving towards digital economy: Finance Minister

Banking is the life line of the economy and it will gain further importance in the coming days, he said.

Nov 06, 2017, 19:11 PM IST

Sharp decline, quick recovery defined Indian smartphone market

According to the market research firm Gartner, there will be a two per cent drop in the Indian government`s IT spending this year owing to demonetisation and a drop in industrial production.

Nov 06, 2017, 14:49 PM IST

Mamata Banerjee attacks PM Modi yet again, says GST is 'Great Selfish Tax'

West Bengal CM Mamata Banerjee on Monday said that the Centre's demonetisation move was a disaster.

Nov 06, 2017, 13:49 PM IST

Indira Gandhi did not go for note ban when needed: PM Narendra Modi

Unfazed by the November 8 protest call by the Congress on the first anniversary of demonetisation, Prime Minister Narendra Modi today said burning effigies will not deter him from carrying forward the fight against corruption and black money.

Nov 05, 2017, 20:24 PM IST

Narendra Modi's rallies in Himachal Pradesh on Sunday: Top 10 quotes

On the first anniversary of demonetisation on November 8 Congress has called for a protest.

Nov 05, 2017, 20:12 PM IST