ECONOMY

Demonetisation: Govt plans to print plastic currency notes

December 09, 2016 | PTI

Government on Friday informed Parliament that a decision has been taken to print plastic currency notes and procurement of material has started.

Demonetisation: Govt plans 10,000 ATMs in common services centres of rural areas

December 09, 2016 | Mansi Taneja

To ease the cash crunch situation across the country, the ministry of electronics and information technology (IT) plans to set up 10,000 automated teller machines (ATMs) in common service centers (CSCs) situated in the rural areas.

In Charts: Why the ‘fake notes’ argument for demonetisation is on weak ground

December 09, 2016 | Keshav Sunkara

When Prime Minister Narendra Modi announced on 8 November his government’s decision to withdraw Rs 500 and Rs 1,000 banknotes, he cited fake currency as one of the major reasons for the sudden move.

Govt offers discounts on fuel, insurance in digital push

December 08, 2016 | PTI

Petrol, railway tickets and insurance policies of PSU companies will cost less if bought through debit/credit cards or other digital modes, government said today while announcing a slew of measures to incentivise cashless payments.

RBI keeps rates on hold, trims growth outlook

December 07, 2016 | Aman Malik & Keshav Sunkara

The Reserve Bank of India on Wednesday kept interest rates unchanged in a surprise decision and lowered its growth forecast for the current financial year due to the government’s sudden withdrawal of high-value banknotes last month.

Going cashless after demonetisation? Beware of these five hazards

December 07, 2016 | Aman Malik

Prime Minister Narendra Modi wants Indians to stop using cash for daily transactions and rely on mobile wallets, debit and credit cards and Aadhaar-based payments instead. 

India services output shrinks in November on demonetisation woes

December 05, 2016 | TEAM VCC

Indian services activity contracted in November after the government's shock decision to scrap high-value banknotes dragged demand lower, a private survey showed on Monday. 

Six reasons RBI’s rate cut looks imminent in these times of demonetisation

December 05, 2016 | Aman Malik

The Reserve Bank of India (RBI) will announce on Wednesday its bi-monthly monetary policy, the second under governor Urjit Patel, who had taken over from Raghuram Rajan in September.

Demonetisation: Five reasons why India may not go cashless anytime soon

December 02, 2016 | Aman Malik

One of the stated objectives behind the government’s move to demonetise Rs 500 and Rs 1,000 currency notes has been the goal that India should move towards a cashless economy. 

Ever since Prime Minister Narendra Modi’s unexpected 8 November announcement that effectively sucked 86%

Cash woes to ease soon, can’t delay GST: Jaitley

December 02, 2016 | PTI

Conceding that demonetisation may create a disruption in short-term, Finance Minister Arun Jaitley today said the impact on the economy may be seen "for a quarter or so" but relative advantages are going to be much more in the long run.

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