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2 mins read
If neither black money nor counterfeiting were curbed, what did demonetisation achieve, asks Congress
The Congress on Friday claimed the counterfeit notes have become rife once again and termed as an "…
PTI
2 mins read
RBI to withdraw ₹2,000 currency notes from circulation, will continue to be legal tender
The Reserve Bank of India (RBI) on Friday announced the withdrawal of ₹2,000 currency notes from ci…
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G20 to take call on crypto assets, says Nirmala Sitharaman
Amid speculations on regulation or outright banning of crypto assets, Finance Minister Nirmala Sith…
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India’s cryptocurrency bill is going up for discussion in December — but it seems to be beating to same rhythm as 10 months ago
The Indian government plans to put its cryptocurrency bill up for discussion in Parliament during t…
1 min read
Here’s how Modi kept his master plan to flush out black money, introduce new currency under wraps
Modi government told the RBI to be all set for this bold move on black money, around six months ago…
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Demonetization has come as a boon for startups. Here’s how
Many of our businesses find themselves struggling to operate in markets riddled with lack of hard a…
1 min read
Today is the last day to spend your old Rs 500/1000 currency notes. Here’s where you can use them
Public utilities were asked to accept the invalid denominations till Nov 24 and since then, the lis…
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No crypto ban in India — SEBI will reportedly be pulled in to regulate the sector
The Indian government is not looking to ban cryptocurrencies, but to regulate them as ‘assets’. All…
1 min read
Manmohan Singh on cash ban: ‘In the long run we’re all dead’
Addressing the Rajya Sabha, Singh said scrapping of old Rs 500 and Rs 1000 notes could lift people’…
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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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Possessing old Rs 500 and Rs 1,000 notes after March 31 will land you in jail
The penalty for holding old currency in excess of 10 notes may include financial fines and a jail t…
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Demonetisation: Today is the last day for over-the-counter exchange of old notes
The government has suspended over-the-counter exchange of old notes from today midnight. It said th…
1 min read
Over 10,000 ATMs are being recalibrated per day to bring down the cash crunch
Nearly 10,200 ATMs are being recalibrated in a day and this means that the entire process should be…
1 min read
Demonetisation: Andhra Pradesh just found a way to tackle cash crunch. Here’s how
Under the idea, tokens worth Rs.50 and Rs 100 are made available in 'Raitu Bazaars' (farmer markets…
1 min read
RBI inspectors can make surprise visits at banks to check tinkering with cash registers
The entire activity is being monitored by the Prime Minister’s Office (PMO). "The RBI wants to keep…
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De-monetisation: From buying gold to giving out 6 months salaries in advance, here’s what people are doing to evade tax net
As per the reports, a real estate developer in Vadodra gave his 100 employees their six months’ sal…
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Ban on Rs 500 and Rs 1,000 notes is going to jolt real estate. Here’s how
The practice of investing unaccounted wealth is widely prevalent in real estate and the government'…
1 min read
You don’t need to submit photocopy of your ID to exchange old currency notes
According to guidelines by RBI, the customer is only required to present and show his/her valid id …
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India’s market watchdog warns mutual funds to stay away from crypto assets at least until regulations come in
India's market watchdog, the Securities and Exchange Board of India (SEBI), wants mutual funds to w…