हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ

cash crunch

Auto sales dip to 16-year low in December as note ban takes toll

One more sector which bore the brunt of demonetisation is Automobile sales.

Jan 10, 2017, 13:21 PM IST

Note Ban: 10% currency won't come back: Niti Aayog member

While the Reserve Bank of India (RBI) is still reconciling the quantum of demonetised currency that has been returned to banks by the December 30, 2016 deadline, NITI Aayog Member Bibek Debroy feels about 10 per cent of such notes won`t return to the system.

Jan 10, 2017, 11:59 AM IST

Petrol pumps protest banks' transaction fee; not to accept card payment from Monday

Petrol pump owners are protesting banks' charging 1% transaction fee on every transaction made via card, and have decided to stop accepting card payments from Monday.

Jan 08, 2017, 14:20 PM IST

Period of cash crunch over, economic activity is being restored: Arun Jaitley

The government is absolute clear from day one that it would move against the shadow economy and black money, said Finance Minister Arun Jaitley on Sunday, adding the period of pain and inconveniences post demonetisation is getting over and economic activity is being restored.

Jan 08, 2017, 12:25 PM IST

7.1% GDP estimate erroneous, Indian economy to grow 6.8% in 2016-17, says Icra

The arsenal thrown at government this time has come from domestic rating agency Icra, and not from the Opposition camp, which claims that incomplete data was used to arrive at advance GDP estimates for 2016-17.

Jan 07, 2017, 14:48 PM IST

India's manufacturing growth dips in December after demonetisation exercise

The aftershock of thye 8 November demonetisation took a knock at manufacturing sector in December, which contracted as new work orders and output took a beating for the first time in 2016.

Jan 02, 2017, 11:41 AM IST

Now you can withdraw Rs 4,500 per day from ATMs as RBI increases cash withdrawal limit

Now one can withdraw more from cash from banks ATMs. The Reserve Bank of India, via a circular on Friday, had announced increase in cash withdrawal limit per day per card from ATMs from January 1, 2017 .

Jan 01, 2017, 12:54 PM IST

Demonetisation: PM Narendra Modi to address nation on New Year's eve

Prime Minister Narendra Modi will address nation on New Year's eve on Saturday. The address is scheduled at 7.30 p.m. The address is important since 50-day period sought by him to ease cash crunch ended on December 30.

Dec 31, 2016, 15:08 PM IST

New Year round-up: India in 2017 can do without these shockers

The year 2016 has been quite interesting. After weighing the pros and cons, lets take a look at few incidents which 2017 can do without.

1. Casualties of security personnel

Dec 29, 2016, 15:05 PM IST

Cash crunch: More pain ahead! Banks to remain closed for 3 consecutive days

The upcoming bank holidays for three consecutive days could further add to the woes of people amidst existing cash crunch situation in the country.

Dec 09, 2016, 14:19 PM IST

India's services sector contracts on cash shortage; worst in 3 years

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector companies on a monthly basis, stood at 46.7 in November, down from 54.5 in October. A reading above 50 means the sector is expanding while a score below this mark signals contraction.

Dec 05, 2016, 11:53 AM IST

Here is why Banks employees want to shut shop for 15 days

Even those handling wads of notes on a daily basis are a harried lot. The reference is to bank employees. The struggle to manage the cash requirement of common public has raised their stress level. They would like the Reserve Bank of India( RBI)to close bank branches until sufficient quantities of currency notes supplies reach banks.

Dec 05, 2016, 10:24 AM IST