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Currency in circulation rises to Rs 21 lakh crore as on March 2019:...

MoS Finance Anurag Thakur was responding to a query whether currency notes in circulation increased post-demonetisation.

10 Dec 2019 9:25 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Business

RBI proposes mobile app to help visually impaired to identify currency...

There are about 80 lakh blind or visually impaired people in the country.

12 May 2019 11:58 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Business

Currency in circulation rises 22 pc in May over pre-demonetisation...

Notes in circulation as on Nov 4, 2016 were Rs 17,74,187 cr, which have now increased to Rs 21,71,385 cr as on May 31,...

25 Jun 2019 7:16 PM IST

Business

RBI to come out with mobile app for currency notes identification

RBI has been sensitive to the challenges faced by the visually challenged in conducting their day to day business with...

15 July 2019 9:43 AM IST

The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

Business

RBI to come out with mobile app for currency notes identification

RBI said identification of banknote denomination is key to successful completion of cash transactions by visually...

14 July 2019 7:36 PM IST

According to sources, Charitra is not just desktop friendly, but would also be available as a mobile application for policemen to download on their phones. (Representational Image)

Metros

Note-identifying app for blind to be offline'

Reserve Bank of India counsel Venkatesh Dhond told the court that a beta version of the app will be released on November...

7 Sept 2019 3:44 AM IST

India

Fear of coronavirus makes people avoid currency notes

March saw a surge in the use of digital platforms for monetary transactions

22 March 2020 2:05 PM IST

The Reserve Bank of India, RBI, will print new Rs 100 notes with new designs. (Photo:Representational/File)

Business

Currency printing cost rose to Rs 8,000 cr in demonetisation year:...

The finance minister said in Rajya Sabha that four people died during the demonetisation drive in 2016-17.

19 Dec 2018 10:16 AM IST

$The CBDT has asked the taxman to scrutinise cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap \higher tax rate\ in instances where black money is detected. (Photo: AFP/Representational)$ Business

Demonetisation led to more tax collection, higher growth: Jaitley

Was the invalidation of the non-deposited currency the only object of demonetisation? Certainly not, Jaitley said in a...

30 Aug 2018 6:19 PM IST

On the other hand, RBI spent 12,877 crore (4,912 crore in FY18 and 7,965 crore in FY17) for printing new currency notes after old notes were banned

Business

RBI got back almost all banned 500, 1,000 notes

The central bank said Rs 15,31,073 crore of Rs 15,40,000 crore of demonetised notes returned back to the banking system.

30 Aug 2018 1:26 AM IST

$The Income Tax Department will soon issue notices to those who have deposited \suspicious\ amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication. (Photo: PTI)$ Business

Demonetisation achieved its objectives quite substantially: Fin Min

Now there is no shortage of currency in any part of the country.

29 Aug 2018 6:26 PM IST

The accused connived with the owners of private firms and allowed depositing demonetised currency notes worth around 82.50 crore in the banks currency chest.

Business

Govt rectifies anomaly, allows law enforcement agencies to hold banned...

Banned currency notes beyond a certain limit could be held only by the Reserve Bank.

28 Aug 2018 6:48 PM IST