Keyword : Rs 500

Is India headed towards becoming a cashless economy?

Prime minister Narendra Modi’s dramatic Tuesday evening announcement to scrap currency notes of Rs.500 and Rs.1000 denomination is aimed putting an end to the grey economy,

Demonetisation: Stories and reports you must read

While you are in queue to get your cash replaced at banks and post-offices or awaiting your turn at ATMs, we present a quick reading list that might give you certain idea on demonetisation, bla

Show cause notice to two CAs who spoke of converting black money

ICAI has issued show cause notice to two Chartered Accountants, who were caught on tape talking about converting black money by charging a commission of 30% to 40%. The premier accou

Thursday is last day to exchange old notes at public utilities

After prime minister Narendra Modi announced demonetization on November 8, people were allowed to use the old currency notes at government hospitals, railway ticketing, public transport, airline ti

“What is the logic of demonetising Rs 500-1,000 notes and then printing Rs 2,000 note?”

How do you see demonetisation as a way of curbing black economy? Demonetisation is not the way to tackle black economy. The reason is that the black money is in circulation

Exchanging notes

Reasons given for demonetisation   To control counterfeit notes that could contribute to terrorism To undermine or eliminate black econom

Cash Line: Demonetisation woes in Manipur

Demonetisation has been testing the patience of the public across the country. Imphal, the capital of Manipur, is no exception.   

Demonetisation is a regressive and anti-poor measure: KC Chakrabarty

Dr KC Chakrabarty, former deputy governor, Reserve Bank of India, headed currency management at the central bank before taking premature retirement in March 2014. Known for his frank an

Demonetisation: Revised income tax returns may be scrutinised

If you are planning to file a revised income tax return following demonetisation, then be warned. The income tax department will be looking out for manipulation or fudging and such cases may be tak

Steps have been taken to tackle black money: Amitabh Kant

The government has initiated numerous steps to combat the scourge of corruption and black money in the last two and a half years, said NITI Aayog CEO Amitabh Kant on Thursday. Addres

Demonetisation severely imperilled India’s economy: Harvard Business Review

India is in the throes of an unprecedented social experiment in enforced digital disruption, and the world has much to learn from it, said an article: ‘India’s Botched War on Ca

Two counts of failure

The Indian government has audaciously put the demonetisation show on the road, though with little consideration of infrastructural, banking and connectivity back-up. After making his own set of pol

Hulkonomics and the 2D effect (Or how I learned to stop worrying and love demonetisation)

A close friend, stock market wizard and intellectual sparring partner, also a Marvel Comics and Stan Lee fan, has been keenly following the demonetisation debate in media and elsewhere. &ld

Demonetisation: Rule changed yet again

One thing consistent about demonetisation has been the ever-changing rules. Monday saw a new rule in place. One can now deposit the scrapped currency of Rs 500 and Rs 1,000

Demonetisation impact on formal remittances could be significant: Expert

The longer run impact of demonetisation on formal domestic remittances could be significant. Following up on a major financial inclusion initiative (Jan Dhan Yojana) and new payments banks, this mo

Currency in circulation plunged by Rs 7.4 trillion up to December 2: RBI

Liquidity conditions have undergone large shifts in Q3 so far, said the Reserve Bank of India which added that surplus conditions in October and early November were overwhelmed by the impac

Demonetisation hits handicraft business at Rann Utsav

Mangal Bhai Rama Harijan is a craftsman from Kawada village, 50 kilometres from the Great Rann of Kutch in Gujarat, the place where India’s most prominent cultural festival takes place every



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