Demonetisation: Concerns on farm output minimal, but rural demand may feel the heat amid cash crunch
The demonetisation scheme has affected agriculture and linked activities not just in terms of affecting output at the margin, but also lowering potential income as this sector is almost fully cash driven
Although the country is moving towards digital modes of transactions, the simultaneous ban on high value currency notes has hit sales in several sectors.
Property enquiries, meanwhile, have slumped by 80 percent around the Indian capital since the cash crackdown, according to property portal 99acres
November inflation expected to hit 14-month low at 3.9% as demonetisation hits consumption, says poll
With the central bank passing up the opportunity to make a rate cut in December, despite cooling inflation, a February move could be on the menu
Consumer sales have seen a 25-30 percent hit in past few weeks due to twin impact of demonetisation and seasonal slowdown post Diwali, country's third largest handset maker Micromax said today.
Payment providers need to upgrade their security as they are at great hacking risk, say security experts
With more and more people logging into e-wallets or m-wallets for daily payments, the target for hackers has increased exponentially, experts warn, suggesting that upgraded security is the only way to safeguard millions of first-time users and small and medium businesses from losing their hard-earned money.
Punjab National Bank (PNB) on Tuesday announced a partnership with cab aggregator Ola to aid cash withdrawals for the citizens of Delhi and the National Capital Region (NCR).
Aiming to move towards a cashless India, the Centre and states could soon have powers to specify categories of employers who will have to pay wages either through cheques or by crediting the amount directly into the workers' bank account.
The banks have just informed us on this foggy cold Friday morning that the money has not been delivered and their next quota is only Monday. So we have the profound sum of Rs 4000 for the weekend and shall be dramatically Spartan.
Farmers attacked the office of a market yard in Hyderabad on Thursday, alleging that they were being cheated through the online procurement system that was recently introduced.
Common people across India continued to suffer, with millions scrambling for cash to meet basic needs, even as Prime Minister Narendra Modi defended the ban on high-value notes, saying the move had given sleepless nights to those with ill-gotten wealth.
After petrol pumps, cash can now be withdrawn by swiping debit cards at select Ola cabs as Indias largest ride-hailing service partners with lenders like State Bank of India (SBI) and Punjab National Bank to ease the cash crunch.
Dalip Kumar, a Union Joint Secretary (Home Affairs), New Delhi, on Wednesday visited the town and held a meeting with different sections of the society.
Another upshot of surge in deposits would be the inevitable reduction in lending rates that could go a long way in reviving the economy
The small businesses are in a frenzy as the vendors aren't accepting old currency and new currency is scarce as it is rationed.
People pay their monthly rent for housing by cash, contrary to the current happy little myth that all of India is tech savvy and on the fast track to a cashless society.
There was no end to people's woes in the wake of demonetisation of high value currency notes even on 13th day across Telangana and Andhra Pradesh.
Sure, as an exercise it has been flawed with fragments of clumsiness and absurdity, not to mention the shortsightedness reflected in the ATM fiasco make great grounds for accusations against the prime minister and his cohort.
Tapping smartphones on high-tech contactless cash machines, bank customers will now be able to withdraw 100 pounds (around Rs 8,414) in cash, reports said.
The demonetisation drive has hit terrorist organisations with large money caches lying waste, even though some may be laundered white money through the illegal money exchange racket, some glimpses of which are on electronic media.