Tag: currency
Send 40% Currency To Rural Areas, RBI Tells Banks
Admitting to the cash crunch prevailing in rural areas, the RBI on Tuesday asked commercial banks to send at least 40 per cent of the currency meant for circulation to their rural branches.....
Estimates Of Demonetised Notes Back With Banks May Be Incorrect: RBI
Reacting to media reports about the quantum of demonetised currency that has been returned to the banks, the Reserve Bank of India on Thursday said such estimates may not be correct.....
PM Justifies Note Ban, But Skips Mentioning Deaths
Speaking on demonetisation in Parliament for the first time, Prime Minister Narendra Modi on Tuesday justified the November 8 move, saying it was made at the right time, but he did not make any comment on the deaths caused by the note ban despite opposition members raising the issue.....
Government Completed Remonetisation In Few Weeks: Jaitley
Applauding the security printing presses for their efficiency, Finance Minister Arun Jaitley on Friday said that while people were estimating that it will take a year or seven months for printing adequate number of notes, the situation was normalised in a few weeks.....
Dry ATMs Rebut Jaitley's Claim Of Swift Recovery Post Note Ban
Despite the claim of Union Finance Minister Arun Jaitley that printing of new money was done efficiently after the November note ban and things were "normalised" in a few weeks, on Friday many ATMs here were found gasping for cash.....
SC Questions Government Over Demonetised Currency
The Supreme Court on Tuesday asked the government why it did not exercise the legal option of letting people deposit the demonetised currency beyond December 31.....
SC Gives Centre, RBI Time To Devise Plan For Depositing
The Supreme Court granted the Centre and the Reserve Bank of India two weeks to consider the option of granting a window to those who could not deposit their demonetised Rs 500 and Rs 1,000 currency notes for a compelling reason.....
Rahul Pokes Fun At RBI, Says 'Govt Looking For Maths Tutor'
Congress Vice President Rahul Gandhi poked fun at RBI Governor Urjit Patel over his remarks that the banned currency notes, deposited after the November 8 demonetisation, were still being counted. ....
Seized Nearly Rs 36.5 Cr Demonetised Currency From Kashmir: NIA
The National Investigation Agency (NIA) on Tuesday claimed it had seized nearly Rs 36.5 crore in demonetised notes during its probe into the Kashmir terror funding case.....
Note Ban, GST 'twin Blow' To Economy, Winds Of Change Blowing In Gujarat: Manmohan
Former Prime Minister and leading economist, Manmohan Singh on Tuesday lashed out at the Narendra Modi-led NDA government over the "twin blow" of demonetisation and GST, which he termed a "complete disaster" for the economy and said that winds of change are blowing in Gujarat and time has come for Gujaratis to repose faith in the Congress party.....
