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31 Aug 2017

Cash deposits of Rs 2.89 lakh crore in 13.33 lakh accounts post note ban under I-T radar

9.72 lakh persons have deposited Rs 2.89 lakh crore in 13.33 lakh accounts post demonetisation, the I-T department said.

31 Aug 2017

Not all money returned to system post demonetisation was legitimate: Arun Jaitley

Speaking at The Economist conference, Jaitley said that the fact that money got deposited in banks does not make it legitimate money.

30 Aug 2017

Significant portion of deposited notes could be illicit: Govt

The RBI in its Annual Report for 2016-17 said that 99 per cent of the junked 500 and 1,000 rupee notes has returned to the banking system.

30 Aug 2017

Objective of demonetisation was to expand tax base, fight black money: Jaitley

Talking about return of 99 percent of junked currency into banking system, Jaitley said that money has now been identified with its owner.

Demonetised counterfeit notes

30 Aug 2017

7.62 lakh pieces of counterfeit notes detected in FY17: RBI

It also said that barring Rs 100, the detection of counterfeit notes increased across denominations - notably, Rs 500 and Rs 1,000 -- during the last fiscal.

31 Aug 2017

Demonetisation: 99% of banned Rs 500/100 notes worth Rs 15.28 lakh crore back in system, says RBI

The Reserve Bank revealed in its annual report for 2016-17 that Rs 15.28 lakh crore, or 99 percent of the Rs 15.44-lakh-crore scrapped currency notes, had come back to the central bank between the government’s demonetisation decision and June 30, 2017.

27 Aug 2015

Uncertain monsoon still a risk to growth, inflation: RBI

The Reserve Bank on Thursday said uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for both growth as well as the inflation outlook.

27 Aug 2015

RBI to focus on bringing inflation down to 4% target

The RBI has projected consumer inflation will hit 6 percent by January 2016 before gradually easing to 4 percent two years later.

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