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No complaints regarding demonetization and its after effects will be entertained under Banking Ombudsman

The central bank said that demonetisation is not one of the 27 grounds under which a customer …

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1 min read

RBI's new cash tool proposal to face opposition from government

Not only this, SDF rate could also become the main operative measure in times of excess liqui…

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1 min read

RBI has over 23 billion worthless banknotes! If stacked up, it will be 300 times the height of Mt Everest

In India, 98% of the transactions occur in cash, and the high frequency of handling forces the mone…

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1 min read

Hit hard by demonetisation, auto industry hopes for incentive schemes, moderate taxes in Budget 2017

"We have also pointed out that the incentive scheme for electric mobility under the FAME scheme mus…

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Arun Jaitley presents demonetisation report card one day before deadline; claims economy is safe, double digit growth

While addressing a news conference, Jaitley claimed the cash ban and remonetisation exercise was a …

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1 min read

Demonetisation beneficial for banks but will impact GDP: Moody's

The move will have credit implications for every sector of the economy as the decline in economic a…

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2 mins read

Bill Gates defends India's Aadhar scheme, again

The Aadhar scheme has received a lot of backlash in recent years over security breaches, dat…

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1 min read

Govt wants digital India, but what about digital security?

Understanding this gap between public and private information is a tough task, and even though the …

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6 mins read

Union Budget 2017: Here are the highlights so far

Monetary policy to be expansionary in major economies More steps will be taken to benefit farmers a…

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2 mins read

Budget 2017 will be presented in the most uncertain times. Here’s why

"This (2017-18) budget would be presented in most uncertain times and is unpredictable,” NR Bhanumu…

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1 min read

Deposited Rs 10 lakh or above in banks post demonetisation? Taxmen are coming after you

The step is being taken to bring in more transparency in the system. All officials have been briefe…

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1 min read

Budget 2017 may include national social security system for poor, unemployed. Here are pros and cons if this gets through

The government is mulling over income transfer scheme. “There is a thinking... pros and cons of hav…

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1 min read

PM Modi’s New Year eve speech proved to be a boon for players and startups in digital lending, here’s how

"This is the first time that the government has opened the credit gua rantee scheme for NBFCs, and …

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1 min read

Govt receives Rs 14 lakh crore in old notes, post demonetisation. This was unexpected

This also means that expectation that RBI will be able to give a substantial dividend to the govern…

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1 min read

Rs 7 crore cash found in an Uber cab driver's bank account leaves I-T officials shocked

Immediately after the deposits were made, the amount was transferred systematically into the accoun…

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1 min read

Demonetisation led to shrinking of bank credit by whopping Rs 61,000 crore

However, the cash ban scheme brought cheers too as the borrowers, including some default accounts, …

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1 min read

Tax officials recover Rs 157 crore in new and old notes from a Delhi lawyer for the third time

While the whole country is lining up in front of banks and ATMs, a little known lawyer whom many co…

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1 min read

Manmohan Singh says demonetisation will have severe economic ramifications, a mammoth tragedy

Dr Singh, in critique published in The Hindu newspaper-"Making of a Mammoth Tragedy" – predicts a b…

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1 min read

Demonetisation has hit real estate sector hard, builders are willing to compensate to attract buyers

In a bid to revive the property demand, the developers have started assuring home buyers of compens…