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Cash crunch: Govt to up printing of Rs 500 notes by five times; move will inject currency worth Rs 2,500 crore a day
Business

Cash crunch: Govt to up printing of Rs 500 notes by five times; move will inject currency worth Rs 2,500 crore a day

To meet the "unusual" currency demand in the country, the government has decided to increase printing of Rs 500 notes by five times

Demonetisation: Army personnel deployed at Salboni & Dewas currency printing press
India

Demonetisation: Army personnel deployed at Salboni & Dewas currency printing press

The Dewas Security Press is printing new Rs 500 currency notes whereas new Rs 2,000 and Rs 100 notes are being printed in Salboni.

Demonetisation: RBI says banks get Rs 12.44 lakh crore in old notes till 10 December
Business

Demonetisation: RBI says banks get Rs 12.44 lakh crore in old notes till 10 December

The money that various banks have issued through their counters and ATMs since 10 November and up to 10 December stood at Rs 4.61 trillion, he added.

Demonetisation one month: What defines the success of note ban?
Business

Demonetisation one month: What defines the success of note ban?

How would we evaluate the success of the scheme? Will it be in terms of the gains in revenue relative to loss of GDP? Or will it be the measure of currency lost in the system?

Rs 500, Rs 1,000 note exchanges: Indian banks receive Rs 2 lakh crore in deposits
India

Rs 500, Rs 1,000 note exchanges: Indian banks receive Rs 2 lakh crore in deposits

State Bank of India, the country's largest, got deposits worth Rs 47,868 crore, Jaitley said