Indian consumers remain the most optimistic in the Asia-Pacific region and their outlook on economy and stock market showed highest levels of confidence even after their government's recent demonetisation measure, a report said on Monday.
Despite the Reserve Bank of India dismissing reports that suggested 97 per cent of the demonetised currency had returned to the bank's coffers by December 30, its own weekly figures on "currency in circulation" indicate that this number is correct.
Taking note of non-payment of charges for a concert in the city that caused it revenue loss, the Brihanmumbai Municipal Corporation (BMC) has banned Percept Live, the live entertainment division of Percept Limited, from holding any events in its jurisdiction
Contrary to popular belief, it was the government which had “advised” the Reserve Bank to junk Rs 500/1000 notes on November 7 and the board of the central bank the very next day recommended the demonetisation
Demonetisation may lead to a temporary slowdown in the economy, President Pranab Mukherjee said on Thursday. "Demonetisation, while immobilising black money and fighting corruption, may lead to temporary slowdown of the economy," he said
With the Reserve Bank of India (RBI) indicating that there is going to be a shortage of currency notes, Kerala Finance Minister Thomas Issac on Friday said the withdrawal of December salaries could be a problem
The deadline to deposit old Rs 500 and Rs 1,000 notes in banks ends on Friday. From next week onward, those still holding the scrapped currency can deposit it only with the Reserve Bank of India till March 31, 2017
Amid the rush among Indian expatriates scurrying home to exchange the demonetised Rs 500 and Rs 1,000 notes before the December 30 deadline, a Dubai-based numismatist who hails from India, has advised his compatriots to "hold onto their old currency notes"
The ED arrested controversial lawyer Rohit Tandon here in connection with a money laundering probe in a case of seizure of Rs 13.6 crore after police raided a law firm premises as part of an anti-black money operation post demonetisation
BJP MP Chintaman Wanga has said that the Centre's demonetisation move will not have an adverse effect on the party's prospects in the forthcoming civic elections in Maharashtra
Prime Minister Narendra Modi today hinted at unleashing more radical reforms, saying his government will not shy away from taking difficult decisions that are in national interest and admitted the note ban caused "short-term pain"
Income Tax department has detected over Rs 3,590 crore of un-disclosed income while more than Rs 93 crore in new notes have been seized as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government
In a major crackdown, the Kalyan crime branch has detained three people, including a bank manager, for trying to exchange the banned currency notes. In two separate incidents, sleuths have seized around Rs 30 lakh
Did you laugh and rubbish the jokes that flew about after the demonetisation move, the most obvious one being banned notes of Rs 500 and Rs 1,000 are now waste and would be found on the road? The joke’s a reality now
Prime Minister Narendra Modi should appoint this man brand ambassador of his scheme to make India go cashless. Why? Because he apparently used a public toilet and paid the nominal charge by cheque
The noteban or demonitisation has not stopped top companies from offering high salaries to freshers at the Indian Institute of Technology Bombay (IITB)
While the chaos surrounding the currency switch and demonetisation refuses to die down, the Internet has been providing enough comic relief. Let's look at what's got the web cracking!
The demand destruction unleashed by the November 8 demonetisation drive saw the bank credit shrinking by a whopping Rs 61,000 crore, or 0.8 per cent, during the fortnight to November 25, show the latest RBI data
Congress Vice President Rahul Gandhi on Tuesday dumped Prime Minister Narendra Modi's narrative behind the note ban and said it was done to waive off loans to big industrialists
With banks closed for three consecutive days from Saturday and ATMs in the city still not functioning to full capacity, the ongoing cash crisis may escalate further leaving residents high and dry