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Ex-Chief Economic Advisor tweets why decision to withdraw Rs 2,000 currenc
Updated : 3 years, 1 month ago IST
According to him, his first reason was that: "The Rs 2000 notes are not being used much as a medium of exchange. In fact, they currently constitute only 10.8 per cent of Currency In Circulation (CiC)."
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This will not affect common man: Ex-CEA on Rs 2000 note withdrawal
Updated : 3 years, 1 month ago IST
According to the former CEO, the 2000 notes are not in use in the everyday life of the common people and its cash in circulation is only 10 per cent. "Secondly, most of the common people do digital transactions," Subramanian said.
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"It wasn't Rs 2000 dhamaka but a billion-dollar dhoka...": Mamata Banerjee
Updated : 3 years, 1 month ago IST
West Bengal Chief Minister Mamata Banerjee on Friday hit out at the government after the Reserve Bank of India notified to withdraw Rs 2,000 denomination banknotes from circulation and termed it "billion dollar dhoka" urging people not forgive those responsible for such a move.
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"Timely move towards prudent currency management..." Colliers India on RBI
Updated : 3 years, 1 month ago IST
Reacting to the Reserve Bank of India's decision to withdraw Rs 2,000 currency notes from circulation, Vimal Nadar, the Head of Research at real estate firm Colliers India has called it a "timely" move aimed at "prudent currency management".
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"BJP's desperate attempt to divert attention...": Siddaramaiah after RBI w
Updated : 3 years, 1 month ago IST
Congress leader Siddaramaiah on Friday slammed Bharatiya Janata Party (BJP) after the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from circulation and termed it the party's desperate attempt to divert the attention from their failures.
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"First act, second think...": Jairam Ramesh after RBI withdraws Rs 2,000 n
Updated : 3 years, 1 month ago IST
Congress general secretary in charge of communications Jairam Ramesh on Friday came out hard against the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from circulation and said that it was typical of the government to first act and think second.
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RBI withdraws Rs 2000 note from circulation, to remain legal tender; excha
Updated : 3 years, 1 month ago IST
The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender.
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RBI to pay Rs 87,416-crore dividend to govt
Updated : 3 years, 1 month ago IST
The 602nd meeting of the Central Board of Directors of the Reserve Bank of India was held today in Mumbai under the chairmanship of Shaktikanta Das, Governor.
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Tide and Transcorp launch India's-first Recycled PVC RuPay Card
Updated : 3 years, 1 month ago IST
Mumbai (Maharashtra) [India], May 19 (ANI/NewsVoir): Tide, the UK's leading SME-focused business financial platform in partnership with Transcorp International Limited, a Reserve Bank of India (RBI) regulated Prepaid Payment Instrument (PPI) license holder, today announced the launch of Indi
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Sensex extends losses for third day, drops 128 points
Updated : 3 years, 1 month ago IST
BSE 30-share Sensex lost 128 points and settled at 61,431.74 and NSE Nifty 50 dropped 48 points to 18,133.55
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SBI net profit jumps 83 pc to Rs 16,695 crore in fourth quarter
Updated : 3 years, 1 month ago IST
According to a statement from the lender, operating profit during the reviewed quarter went up 24.87 per cent to Rs 24,621 crore.
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India poised to grow at 6.2 pc in 2023-24: Morgan Stanley
Updated : 3 years, 1 month ago IST
In the three-day deliberations of the Monetary Policy Committee of the Reserve Bank of India in early April, Governor Shaktikanta Das said the central bank has projected India's real GDP growth for 2023-24 at 6.5 per cent
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