Currency Demonetisation | The Asian Age

Sunday, May 19, 2024 | Last Update : 02:18 AM IST

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Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Push for online sales gives boost to insurance biz

Private sector players feel that they will have to explore if they need to come up with some common products for online and offline.

11 Dec 2016 12:39 PM

Paytm said it aspires to enter the US market in the long run as it sees an opportunity there.

Paytm plans to become universal payment app

Company completed two billion transactions this year surpassing its own expectations.

08 Dec 2016 4:08 PM

RBI may go for a 25-50 bps easing in 2017

On December 7, RBI kept interest rate unchanged despite calls for lowering it .

08 Dec 2016 3:03 PM

On the evening of November 8, the government announced that Rs 500 and Rs 1,000 notes would no longer be legal tender, as part of its move to eradicate black money.

Money supply may slip to 9 per cent from 12 per cent

The slip may occur if 25-30 per cent of unaccounted currency does not flow back into the banking system.

07 Dec 2016 6:29 PM

Urjit Patel denies demonetisation was haste decision

RBI today said promising to maintain steady supply of new currency to ease cash crunch.

07 Dec 2016 5:14 PM

RJio's extension has "added to the industrys woes" and coupled with the demonetisation exercise, will lead to a revenue dip of 5-7 per cent.

Jio's free offer hits telecos revenue by 7 per cent

RJio announced not to charge voice telephony and depend only on the data for revenues.

07 Dec 2016 4:09 PM

The BSE banking index was down 1.91 per cent to 26,672.93, while the realty index was quoting lower by 1.34 per cent to 1,262.29.

Sensex dips 228 pts after policy remain unchanged

The Sensex, which gained over 148 points in the early trade, fell by 227.94 points, or 0.86 per cent, to 26,164.82.

07 Dec 2016 3:28 PM

Black money not white if tax not paid: Adhia

Revenue secretary says people depositing money into Jan Dhan accounts of others will be caught.

06 Dec 2016 5:44 PM

Note ban: Global body for Indians asks Jaitley to extend deposit dates

Global body for people are concerned about the currency demonetisation issue.

06 Dec 2016 1:48 PM

The proposal will also highlight the amount to be deposited in the Maha wallet by users. (Photo: Representational Image)

Maha govt to encourage cashless transaction

'Maha wallet' system is to help small vendors, farmers and all those who deal in cash transactions.

06 Dec 2016 12:38 PM

Citizens should only rely upon the regular “banking channels” for transactions related to old notes.

Don’t fall for note dealers: Mumbai Police Commissioner

Citizen can directly complain to the zonal DCP against offenders.

06 Dec 2016 3:09 AM

Govt departments asked to make e-payments

Finance ministry has lowered threshold for making such payments from Rs 10,000 to Rs 5,000.

05 Dec 2016 5:09 PM

RBI orders new currency based on demand

Government today said the RBI monitors currency requirement on a regular basis and accordingly places order for printing.

02 Dec 2016 3:44 PM

After search by IT department cash found has risen to Rs 5.7 crore and these notes are in the denomination of the newly introduced currency of Rs 2000.

I-T raids lead to biggest cash seizure

The department said it detected unaccounted income worth Rs 152 crore after conducting searches.

02 Dec 2016 2:58 PM

RBI to go for rate cut in next week's meeting

The Monetary Policy Committee headed by Urjit Patel had cut benchmark interest rates to 6.25 per cent.

02 Dec 2016 1:23 PM

West Bengal Finance Minister Amit Mitra in an interview to NDTV on Wednesday said that the timing of the implementation of the GST was not right given the situation that has arrived in the aftermath of demonetisation.

GST Council to discuss control, model laws today

West Bengal and Kerala claim that post-demonetisation situation was not conducive for implementation of GST.

02 Dec 2016 11:09 AM

The newly-issued Rs 2000 notes. (Photo: PTI)

Cash crunch will ease in 2-3 weeks, govt tells Supreme Court

It was found that fake currency notes of Rs 500 and Rs 1,000 to the tune of over Rs 400 crores were largely in circulation.

02 Dec 2016 1:33 AM

Nandan Nilekani to promote e-payment systems in country

Nilekani is a part of 13-member committee of CMs headed by Andhra Pradesh CM Chandrababu Naidu.

01 Dec 2016 12:52 PM

Slowing demand in the world's fastest growing major economy could undermine growth in coming quarters especially as factories have already started cutting output. (Representational Image)

India's factory activity hit by cash crunch

The new orders sub index that measures foreign and domestic demand was knocked down to 53.3.

01 Dec 2016 11:19 AM

Old note will continue to be accepted for the other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15

Old Rs 500 notes valid only till Dec 2 for fuel, air ticket, not Dec 15

From December 3 payment will be would be allowed only in lower denomination or the new currency.

01 Dec 2016 11:02 AM

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Krishna Shastri Devulapalli