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Displaying Results for "demonetisation"
  • Finance Ministry to mull over absorbing surplus cash with banks

    To absorb surplus cash in the banking system, the Finance Ministry has called bankers into a meeting on Friday, for discussing setting up of a new facility, according to a leading news agency....

    India Infoline News Service | Mumbai 15:13 IST | March 23, 2017

  • Why not to allow deposition of old notes until March 31: SC asks govt

    The Supreme Court said recently, that the govts plan to close banks' windows to deposit banned notes on March 31, smacked of arbitrariness and the Court needed to know why groups other than those travelling abroad during demonetisation, were not bein...

    India Infoline News Service | Mumbai 16:16 IST | March 21, 2017

  • MCLR cuts fails to raise housing loans demand

    The cheaper home loans, however, could not lure many borrowers in the market. As per the data available with Reserve Bank of India (RBI), there has been only Rs 1900 cr hike in housing loans of scheduled commercial banks (SCBs) in January 2017 as com...

    India Infoline News Service | Mumbai 17:33 IST | March 20, 2017

  • Centre collects Rs 6k crore as tax on unaccounted cash deposits

    The Centre has collected Rs 6000 crore as tax on unaccounted cash deposits so far, and the amount may rise further, according to the Special Investigation Team's (SIT's) vice-chairman, Justice Arijit Pasayat....

    India Infoline News Service | Mumbai 08:30 IST | March 19, 2017

  • Gaps in currency circulation, post demonetisation: 30% deficit

    Though remonetisation is being activated at a healthy rate, the currency in circulation is still at 70% of the pre-demonetisation levels, short of 30% of pre-demonetisation levels....

    India Infoline News Service | Mumbai 08:00 IST | March 19, 2017

  • QNB Group: India Reforms to Support Growth After Demonetisation

    QNB Group: India Reforms to Support Growth After Demonetisation...

    Business Wire | Mumbai 10:05 IST | March 16, 2017

  • RBI lifts all restrictions on cash withdrawal from March 13

    As per Reserve Bank of India's (RBI's) notification dated February 8, cash withdrawal restrictions on savings accounts have been removed from March 13....

    India Infoline News Service | Mumbai 09:26 IST | March 14, 2017

  • IT dept receives 8.38 lakh responses to its queries

    After demonetisation, Income Tax department has bucked up to hunt for the suspicious deposits in the bank accounts....

    India Infoline News Service | Mumbai 12:30 IST | March 12, 2017

  • Is it the right time to invest in gold?

    Gold prices have fallen from their peak of around Rs 30,000 per 10 grammes reached in July 2016 to around Rs 26,500 currently. In fact, gold prices had tumbled down to less than Rs 25,000 in December 2016 post demonetisation....

    India Infoline News Service | Mumbai 10:13 IST | March 12, 2017

  • Post mortem of currency: forensic experts roped in to check faking

    Forensic experts are being hired by the banks, post demonetisation, to check whether the branches have accepted any fake currency notes as well as involvement of any bank employee in the racket....

    India Infoline News Service | Mumbai 11:23 IST | March 11, 2017

  • Over 11 lakh currency notes pumped post demonetisation: FM

    The remonetisation process has been rolled out by the government to heal the scars of demonetisation. More than 11 lakh currency notes are pumped into the market to mend the fractures....

    India Infoline News Service | Mumbai 15:58 IST | March 10, 2017

  • "Rate hike may be on the cards as Feb inflation likely to soar"

    February inflation is projected to soar for the first time since demonetisation. The spike in the inflation may push Reserve Bank of India (RBI) to revamp the present rates....

    India Infoline News Service | Mumbai 16:06 IST | March 08, 2017

  • Two-wheeler majors may see decline in revenue & profitability

    Even as volumes decline for the countrys top two-wheeler companies, Hero MotoCorp and Bajaj Auto, the revenues and profitability are set to dip in the January-March quarter of FY17....

    India Infoline News Service | Mumbai 12:42 IST | March 08, 2017

  • All is well after demonetisation: PM

    While addressing a industry meet organised at ONGC Petro-Additions Ltd's complex, Prime Minister, Narendra Modi said that the government has been able to cork the surging inflation, which has been hounding the Indian economy for the last few years....

    India Infoline News Service | Mumbai 08:41 IST | March 08, 2017

  • Demonetisation may impact GDP in the current quarter: RBI

    The impact of demonetisation on GDP may be seen in the current quarter in some segments, and remonetisation will be completed in coming 2-3 months, according to the RBI Deputy Governor, V Acharya....

    India Infoline News Service | Mumbai 10:27 IST | March 07, 2017

  • SC awaits reply from RBI on plea over depositing demonetised notes

    The Supreme Court has questioned the Centre and the RBI on a plea made by petitioner, Sharad Mishra....

    India Infoline News Service | Mumbai 16:30 IST | March 06, 2017

  • Service sector recovers after 3-month of demonetisation-driven contraction

    The Nikkei India Services Purchasing Managers' Index (PMI), which records service sector output on a monthly basis, was at 50.3 in February, which is nominally higher than 48.7 registered in January....

    India Infoline News Service | Mumbai 10:30 IST | March 05, 2017

  • India may not be the fastest growing nation anymore, thanks to demonetisation

    India has been the fastest growing nation in the globe and it is likely that it may lose its crown when the GDP growth figures for October-December quarter will be announced today....

    India Infoline News Service | Mumbai 10:39 IST | February 28, 2017

  • Demonetisation's by-product: Profit booking by Insurance giant, LIC

    Insurance giant, Life Insurance Corporation of India (LIC), which holds roughly 5%, which is worth $66 billion in the BSE200 companies, has booked profit in GAIL, Hindalco Industries, Hero MotoCorp, SBI, HPCL, IOC, PFC and Tata Communications in the...

    India Infoline News Service | Mumbai 14:50 IST | February 26, 2017