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
Not all money returned to system post demonetisation was legitimate: Arun Jaitley
Speaking at The Economist conference, Jaitley said that the fact that money got deposited in banks does not make it legitimate money.
Aug 31, 2017, 10:33 AM IST
Significant portion of deposited notes could be illicit: Govt
The RBI in its Annual Report for 2016-17 said that 99 per cent of the junked 500 and 1,000 rupee notes has returned to the banking system.
Aug 30, 2017, 22:43 PM IST
Objective of demonetisation was to expand tax base, fight black money: Jaitley
Talking about return of 99 percent of junked currency into banking system, Jaitley said that money has now been identified with its owner.
Aug 30, 2017, 20:25 PM IST
7.62 lakh pieces of counterfeit notes detected in FY17: RBI
It also said that barring Rs 100, the detection of counterfeit notes increased across denominations - notably, Rs 500 and Rs 1,000 -- during the last fiscal.
Aug 30, 2017, 19:05 PM IST
Demonetisation: 99% of banned Rs 500/100 notes worth Rs 15.28 lakh crore back in system, says RBI
The Reserve Bank revealed in its annual report for 2016-17 that Rs 15.28 lakh crore, or 99 percent of the Rs 15.44-lakh-crore scrapped currency notes, had come back to the central bank between the government’s demonetisation decision and June 30, 2017.
Aug 30, 2017, 17:30 PM IST
Uncertain monsoon still a risk to growth, inflation: RBI
The Reserve Bank on Thursday said uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for both growth as well as the inflation outlook.
Aug 27, 2015, 18:33 PM IST
RBI to focus on bringing inflation down to 4% target
The RBI has projected consumer inflation will hit 6 percent by January 2016 before gradually easing to 4 percent two years later.
Aug 27, 2015, 17:34 PM IST
