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Demonetisation will not put an end to black money-generation, says economist Arun Kumar

Updated : Dec 07, 2016

By : Debobrat Ghose

Category : Business

Demonetisation will not put an end to black money-generation, says economist Arun Kumar

The government, in a single stroke has scrapped a large volume of currency, which was in circulation, without having an alternative arrangement in place. It has created chaos and panic. #Economy #Black money #Banks #Narendra Modi #Currency #Demonetisation #fake notes #Counterfeit notes #ATMs #Prof Arun Kumar #small demonination currency notes #cash pain
RBI eases two-factor authentication norms for online transactions under Rs 2,000

Updated : Dec 07, 2016

By : PTI

Category : Business

RBI eases two-factor authentication norms for online transactions under Rs 2,000

In the interest of customer awareness and protection, RBI said the banks and authorised card networks offering such solutions will bear the full liability in the event of any security breach or compromise in the authorised card network #RBI #Banks #Payments #Uber India #Online Transactions #AFA #additional factor of authentication #card networks
Note ban: RBI's adequate cash supply claim and situation in banks different, says bank staff unions

Updated : Dec 02, 2016

By : Sulekha Nair

Category : Politics

Note ban: RBI's adequate cash supply claim and situation in banks different, says bank staff unions

C H Venkatachalam, general secretary, AIBEA and S Nagarajan, Secretary, general secretary AIBOA, have mentioned in the letter that the banks are awaiting some respite from the problems on account of acute shortage of currency notes #RBI #Banks #finance ministry #AIBEA #Demonetisation #ATMs #C H Venkatachalam #AIBOA #S Nagarajan
Demonetisaton: Over Rs 11 lakh cr deposits enter banking system till Nov 30, CNBC-TV18 says

Updated : Dec 01, 2016

By : FP Staff

Category : Politics

Demonetisaton: Over Rs 11 lakh cr deposits enter banking system till Nov 30, CNBC-TV18 says

This means, Rs 11 lakh crore entering into the banking system till 30 November represents 80 percent of the total banned currencies #Banks #Narendra Modi #Demonetisation #Deposits #banned notes
Demonetisation: If banks don't have money, what's the point?

Updated : Dec 01, 2016

By : Bikram Vohra

Category : India

Demonetisation: If banks don't have money, what's the point?

Banks without money are redundant. In Delhi these past 48 hours have been a telling experience. We are an incredible people that despite the fiscal architecture being compelled to collapse like a condemned building, life goes on with very little change. #Finance #Banks #InMyOpinion #Cheque #Money #Demonetisation #Rs 1000 #Rs 500 #UN Relief
Salary day amid note ban: Banks start rationing to combat cash crunch; pressure to escalate

Updated : Nov 30, 2016

By : Debobrat Ghose

Category : Business

Salary day amid note ban: Banks start rationing to combat cash crunch; pressure to escalate

Ahead of salary day, facing shortage of cash supply vis-à-vis huge demand for withdrawal of cash from customers, the banks have resorted to rationing of cash dispensation. #RBI #Reserve Bank of India #Banks #Cash crunch #Demonetisation #currency notes #ATMs #PSBs #note ban #salary day #payday
Note ban: Govt working towardsincreasing supply of new Rs 500 currency denomination, says Gangwar

Updated : Nov 29, 2016

By : FP Staff

Category : Politics

Note ban: Govt working towardsincreasing supply of new Rs 500 currency denomination, says Gangwar

Gangwar said along with other cash denominations, more number of the new Rs 500 notes will be dispensed from the ATMs at the earliest #Black money #Banks #Narendra Modi #Arun Jaitley #tax laws #Penalty #ATMs #Santosh Gangwar #cash shortages
Note ban: Fitch lowers India's FY17 GDP growth to 6.9% citing temporary disruptions

Updated : Nov 29, 2016

By : PTI

Category : Business

Note ban: Fitch lowers India's FY17 GDP growth to 6.9% citing temporary disruptions

The US-based ratings agency also revised GDP growth forecast for 2017-18 and 2018-19 lower to 7.7 percent from 8 percent earlier #Banks #GDP growth #farmers #Fitch ratings #Demonetisation #economic activity #informal sector #currency ban
Demonetisation: Five compelling reasons for consumers to invest in real estate market

Updated : Nov 28, 2016

By :

Category : Politics

Demonetisation: Five compelling reasons for consumers to invest in real estate market

It has opened a window of opportunity for everyone to avail home loans at significantly lower rates allowing them to fulfill their dream of owning a home #real estate sector #Banks #Repo rate #Housing #loans #Demonetisation #small scale industries
Note ban: RBI will honor payment of demonetised currencies, but countering counterfeit notes to remain a challenge

Updated : Nov 28, 2016

By : S Murlidharan

Category : Politics

Note ban: RBI will honor payment of demonetised currencies, but countering counterfeit notes to remain a challenge

The promise made on currency notes is sacrosanct, but equally sacrosanct is the principle of fungibility #RBI #Banks #Rupee #Demonetisation #Deposits #currency notes #currency exhanges