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Note ban in India News

supreme court verdict on demonetisation

02 Jan 2023

SC upholds validity of 2016 note ban, says Govt decision cannot be reversed

The Supreme Court has pronounced its judgment today on a batch of pleas challenging the government's 2016 decision to demonetise currency notes of Rs 1,000 and Rs 500.

02 Jan 2023

SC to give verdict on demonetisation today, 58 petitioners await decision

The centre said the demonetisation was a "well-considered" decision and part of a larger strategy to combat the menace of fake money, terror financing, black money, and tax evasion.

30 Nov 2016

Modi govt's demonetisation drive to benefit economy in long run: Panagariya

Niti Aayog Vice-Chairman Arvind Panagariya on Wednesday said the government's demonetisation drive will leave a "very positive" impact on the economy in the long term as more people will move towards digital transactions.

29 Nov 2016

Demonetisation: RBI relaxes withdrawal norms, nudges retailers to deposit cash

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal limits.

29 Nov 2016

Demonetisation: Lok Sabha passes new Income Tax Amendment Bill

Lok Sabha has passed Income Tax Amendment Bill, which provides yet another opportunity to black money holders to legalise their wealth.

29 Nov 2016

New black money disclosure scheme post demonetisation: All you need to know

26 Nov 2016

Demonetisation: Unaccounted deposits to attract 50% tax, 4-year lock-in period

The government had after the shock demonetisation, given a 50-day window beginning November 10 for either depositing the 500 and 1000 rupee notes in circulation or exchanging them for new currency.

25 Nov 2016

Nepal reduces INR exchange limits, awaits response from India's RBI

The Nepal Rastra Bank (NRB) has reduced the exchange limit of Indian to Rs 2000 from Rs 5000 after India introduced new bank notes of Rs 500 and Rs 2000.

24 Nov 2016

Demonetisation debate: Jaitley slams Opposition, says govt ready for unconditional debate

Rajya Sabha on Thursday resumed debate over demonetisation in presence of Prime Minister Narendra Modi.

24 Nov 2016

Demonetisation: Use of old Rs 500 and Rs 1,000 notes at public utilities likely to be extended by 10 days

The Centre is likely to extend use of old Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees as well as purchases from co-operative stores by another 10 days.

23 Nov 2016

Demonetisation: Old Rs 500 and Rs 1,000 notes can be deposited in Post Office saving a/c

People can deposit the now- invalid Rs 500 and Rs 1000 denomination currency notes in their Post Office savings accounts, the Finance Ministry said Wednesday.

demonestisation

24 Nov 2016

Demonetisation: Key steps taken by the Centre to ease cash crunch

23 Nov 2016

Note Ban: All India Bank Employees Association demands RBI Governor Urjit Patel's resignation

Holding RBI Governor Urjit Patel responsible for ineffective handling of the crisis post the demonetisation drive, All India Bank Employees Association vice-president Vishwas Utagi on Wednesday said that bank unions are adamant on their demand for the former`s resignations as well as lockdown of the apex bank.

23 Nov 2016

This lady's views on PM Narendra Modi's demonetisation move will stun Opposition – Watch video

The lady slammed PM Narendra Modi's detractors in a strongly-worded argument.

24 Nov 2016

Demonetisation: Know where you can use old Rs 500 and Rs 1,000 notes till Nov 24

Know where you can use old Rs 500 and Rs 1,000 currency notes till Nov 24.

22 Nov 2016

Mandi Live | IT department to take strong action against black money holders | Part 2

22 Nov 2016

Cash withdrawal for purpose of wedding: Key things you must know

The amounts can be withdrawn only if the date of marriage is on or before December 30, 2016.

22 Nov 2016

Demonetisation: 10% of the value of banned Rs 500 and Rs 1,000 notes replaced so far

Some 10 percent of the Rs 14,50,000 crore worth of now-demonetised Rs 500 and Rs 1,000 currency notes that were in circulation have been exchanged or withdrawn with banks till November 18, the Reserve Bank of India (RBI) said on Monday.

21 Nov 2016

Demonetisation: Rs 50,000 per week withdrawal from overdraft accounts allowed; farmers can buy seeds with old Rs 500 notes

Further relaxing cash withdrawal norms, the Reserve Bank on Monday said overdraft and cash credit account holders can now withdraw up to Rs 50,000 in a week.

21 Nov 2016

Demonetisation: Govt allows farmers to buy seeds with old Rs 500 notes

The Indian government has allowed farmers to purchase seeds with old 500 rupee banknote from state-run outlets, the finance ministry said in a statement on Monday.

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