Had come back to India to exchange scrapped Rs 500 and Rs 1,000 notes: Raghuram Rajan
Former RBI Governor Raghuram Rajan himself had to come back to India to exchange scrapped currency as he had no clue about the demonetisation date, though the process started during his governorship.
Sep 08, 2017, 00:10 AM IST
Had come back to India to exchange scrapped notes: Rajan
Former RBI Governor Raghuram Rajan himself had to come back to India to exchange scrapped currency as he had no clue about the demonetisation date, though the process started during his governorship.
Sep 08, 2017, 00:10 AM IST
I may have resigned if note ban was thrust: Raghuram Rajan
Former RBI Governor Raghuram Rajan said on Thursday that he would have resigned if the demonetisation decision was thrust on him but made it clear that the government can bypass the central bank if it wants to push ahead with such a decision.
Sep 07, 2017, 22:35 PM IST
Black money: 21,000 people disclose Rs 4,900 crore under new income declaration scheme
The scheme was launched in December last year by the government to enable people with black money to come clean by paying tax and penalty of 50 percent.
Sep 07, 2017, 19:01 PM IST
PM Modi addresses Indian diaspora in Myanmar: As it happened
PM Modi arrived in Myanmar on Tuesday on a three-day visit on his first bilateral trip.
Sep 06, 2017, 19:51 PM IST
Host of firms bid to supply security features for notes
In a push to 'Make in India' initiative, the tender document for security features specified that successful bidders will be required to set up the "manufacturing facility" in India within two years from the date of signing of contract and increase the local content in planned manner from the third year.
Sep 04, 2017, 20:41 PM IST
No information on black money removed by note ban: RBI to Parl panel
The central bank also informed the panel that the completion of the process of verification will take time in view of the large volume involved.
Sep 04, 2017, 19:46 PM IST
Short-term note ban costs to outweigh long-term benefits: Raghuram Rajan
In his book titled 'I Do What I Do: On Reforms Rhetoric and Resolve', Rajan, who was the governor between 2013 and 2016, had also warned of what would happen if the preparations for demonetisation were inadequate.
Sep 04, 2017, 16:37 PM IST
Experiments continue three years on: Sena on cabinet rejig
Describing the rejig of the Union council of ministers as a political necessity, the BJP's bickering ally Shiv Sena said experiments continued even after three years of the Narendra Modi government. People were still waiting for 'achhe din', the Shiv Sena said in an editorial in its mouthpiece Saamana.
Sep 04, 2017, 12:30 PM IST
Demonetisation has eliminated illicit cash from the economy: BRICS Bank chairman
"There are whole lot of positives as far as its impact on economic growth is concerned, the slowdown in economic growth is transitionary and it will come back," he added.
Sep 03, 2017, 15:25 PM IST
It may take ATMs three months to dispense Rs 200 notes
Reserve Bank of India (RBI) did issue a statement saying that the supply of the new Rs 200 notes would soon be ramped up, but has not given any time-frame by which it will be available in adequate numbers.
Sep 03, 2017, 13:33 PM IST
Lending rate cuts key to economic revival: BofAML
Lending rate cuts are key to economic growth recovery and banks should lower rates by 25 bps before the start of the busy season in October to accelerate reforms momentum, says a report.
Sep 03, 2017, 12:09 PM IST
Not asked on demonetisation during my tenure: Rajan
The former Governor of the RBI writes that the Central Bank wasn't asked to take such a decision at any point during his tenure at the Reserve Bank.
Sep 03, 2017, 10:32 AM IST
Credit growth of banks slowed to 8.1% in 2016-17: Report
"The gross non-performing advances (GNPA) of banks rose to 9.6 per cent in March, 2017 from 7.5 per cent in March, 2016. The net NPA ratio of banks stood at 5.5 per cent in March 2017," the report said.
Sep 02, 2017, 15:43 PM IST
India's public debt rises 3.6% to Rs 63.35 lakh crore in June
The total public debt (excluding liabilities under the public account) of the government was Rs 61.13 lakh crore as of March-end.
Sep 01, 2017, 23:11 PM IST
GDP growth at 3-year low: What really caused the slowdown in Indian economy
With companies still grappling with new tax rules, business surveys are pointing to more pain ahead. Services and manufacturing activity contracted at their fastest rate in years in July, the month that the GST was launched.
Sep 01, 2017, 17:15 PM IST
GDP growth to improve to 7-7.5% in Q2: Niti Aayog's new Vice-Chairman
Kumar further said the decline in growth in the first quarter can be attributed to destocking by manufacturers in anticipation of GST rollout from July 1.
Sep 01, 2017, 16:01 PM IST
Operation Clean Money: 14,000 properties of Rs 1 crore each under I-T scanner
The Operation Clean Money exercise has also unearthed large number of persons and clusters having suspect transactions. These include about 14,000 properties of more than Rs 1 crore each where persons have not even filed Income Tax Returns.
Sep 01, 2017, 09:55 AM IST
Cash deposits of Rs 2.89 lakh crore in 13.33 lakh accounts post note ban under I-T radar
9.72 lakh persons have deposited Rs 2.89 lakh crore in 13.33 lakh accounts post demonetisation, the I-T department said.
Aug 31, 2017, 16:57 PM IST
Govt rules out new window to deposit scrapped Rs 500 and Rs 1,000 notes
The finance ministry on Thursday ruled out opening another window for depositing the scrapped Rs 500 and Rs 1,000 notes, with the government now saying that it had expected all the annulled currency to be returned, in line with the latest RBI data.
Aug 31, 2017, 15:49 PM IST
