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8 months on, RBI still counting demonetised currency; Urjit Patel cuts staff holidays to complete counting

RBI Governor Urjit Patel said demonetised currency is still being counted and staff holidays have b…

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2 mins read

The number of fake ₹500 notes in India increased by 31% in the last one year

While other denominations have been seeing a drop in the number of fake notes circulated, th…

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One and a half years after demonetisation, Indians are hoarding cash again

From November 2016 to June 2017, Indians returned around ₹15.3 trillion worth of scrapped ₹500…

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Swipe machine numbers up by 10 lakh post demonetisation

Demonetisation gives rise to the number of swipe machines in India

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8 mins read

The DeMo Effect: One Year and Counting

While the jury is still out on the good, bad and the ugly sides of demonetisation, we can all agree…

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RBI has no information on how much black money removed by note ban

The RBI has been facing flak from the opposition parties for demonetization and delay in disclosing…

PTI   


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Mission against black money yields results, number of tax returns filed goes up by 95 lakh

The income-tax department, which has announced a sort of war against black money, had launched a cr…

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Tax collection increased in April-November despite demonetisation, says Jaitley

Accoding to Jaitley, for April-November 2016, overall direct tax collection is 12.01 percent higher…

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Post demonetisation, tax officials detected Rs 5,400 crore of black money, carried out over 1100 searches

"Seizure in cash in new currency was about Rs 110 crore. The undisclosed income detected in these a…

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All is well? Rs 9.1 lakh crore in circulation as Rs 6.78 lakh crore remonetised

"Reports have been submitted by banks to Reserve Bank regarding the amount deposited in the banks a…

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Two possible reasons why RBI Guv Urjit Patel could not tell amount of money deposited in banks post demonetisation

There could be several reasons behind Patel’s silence. One of the possible reasons is the double co…

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Get ready for ‘cash tax’. Here’s what it is

"A number of steps are under discussion," a government official familiar with deliberations on this…

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3 mins read

5 things we wanted to hear from PM Modi’s New Year speech

Devoid of supporting facts and figures and an excess of welfare promises, it seemed to be an appeas…

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RBI feels Modi’s demonetisation and frequent policy changes has tarnished its image

However, people in the central bank feel that the RBI is torn between the people who are resentful …

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People rushed to buy gold just after demonetisation announcement, gold worth Rs 5,000 crore sold on Nov 8-9

IBJA has 2,500 jewellers registered with it from across the country. He also added that more than h…

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2 mins read

Demonetisation may be unable to phase out all the black money, here’s why

So, estimates for illegal cash range from 3% to 5% of the total black economy. Taking the higher 5%…

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As demonetisation hurts Indian economy, PM Modi turns to old, tried and tested techniques

The lawmakers cleared nearly Rs 600 billion in additional spending for the year through March, whic…

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8 mins read

India's financial institutions were hit hard by Modi's demonetisation move, but here's why BFSI still managed to sail through

According to Roopank Chaudhary - Associate Partner & Head, McLagan India, there has been a sign…

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7 mins read

Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty

India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…

Theron Mohamed   


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IMF predicts India will grow faster than China in 2018 to regain the fastest-growing economy tag

IMF has warned that India’s inflation rate is expected to increase to 4.7% in 2018-19 …