India.com News Desk | Mar 15, 2021, 6:22 PM IST
The move is seen as an attempt to prevent hoarding of the high-value currency and thus, curb black money.
India.com News Desk | Nov 7, 2017, 1:32 PM IST
Prime Minister Narendra Modi has listed multiple benefits of demonetisation just a day ahead of one year to note ban.
India.com Business Desk | Aug 29, 2017, 9:12 AM IST
As of now, India has currency denominations of Re 1, Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2,000.
Sandhya Dangwal | Jul 18, 2017, 10:40 AM IST
The Finance Ministry in a fresh affidavit submitted to court informed that the main aim of demonetisation and the elimination of black money would be void if a new window of exchange is opened for a further period.
India.com Buzz Desk | Apr 1, 2017, 6:33 PM IST
According to RBI's report, more than 90% of the black money hidden in the Indian economy has been accounted for.
Pragati Ratti Sharma | Mar 3, 2017, 3:31 PM IST
Five persons were arrested on Friday from Baguiati in Kolkata with Rs 51 lakhs in demonetised notes. Reports say that those arrested had come to get the demonetised currency exchange from an agent.
India.com News Desk | Feb 28, 2017, 7:14 AM IST
LIVE - New 500, 2000 rupee notes: People in large number on Thursday thronged banks as it reopened for the first time after the government scrapped Rs 500 and Rs 1000 currency notes.
Sandhya Dangwal | Feb 22, 2017, 10:56 AM IST
Economic Affairs Secretary Shaktikanta Das informed in his tweets that the government is focusing on production and supply of Rs 500 and lower denomination notes.
Press Trust of India | Jan 9, 2017, 6:22 AM IST
Till now 80 per cent of the 15.4 lakh crore money been deposited in the banks, 13 lakh crore notes of 500 and 1000 are expected to be deposited in the bank.
Press Trust of India | Dec 30, 2016, 3:34 PM IST
"With the closure of the facility of exchange of SBNs (defunct notes) as at the close of business on December 30, 2016, all banks should report information on collection of SBNs on December 30, 2016, itself at e-mail," the central bank said in a notification.
Press Trust of India | Dec 26, 2016, 11:07 PM IST
They said the sleuths called for the records of the deposits made in the BSP account and found that while Rs 102 crore was deposited in Rs 1,000 notes, the rest Rs 3 crore was deposited in the old Rs 500 notes.
Mohammed Uzair Shaikh | Dec 26, 2016, 6:46 PM IST
Those found with 10 or less notes of Rs 500 and Rs 1000 denominations would not be penalised.
