Demonitisation has helped share of financial saving rise, says Economic Survey
New Delhi, Jan 29 (IBNS): The highlights of the Investment and Savings situation as brought out by Economic Survey 2017-18 tabled in Parliament today are as follows:
GST, demonetisation may impact Indian wedding market growth: ASSOCHAM
New Delhi, Oct 24 (IBNS): The upcoming wedding season starting in November may be impacted by 10-15 per cent particularly wedding services like marriage garden/marriage hall booking, tent booking, confectionery services, photography and more, reveals by industry chamber ASSOCHAM.
8.9 crore Rs. 1000 currency note have not been returned post demonetisation, says RBI
New Delhi, Aug 30 (IBNS): The Reserve Bank of India on Wednesday said 8.9 crore pieces of Rs. 1,000 notes have not returned till March 2017.
Kolkata, June 21 (IBNS): A recent study from financial services technology leader FIS shows a dramatic increase over the past year in the use of mobile devices and other digital banking channels by consumers in India, demonstrating the extent to which country’s demonetisation efforts are changing consumer banking habits.
ASSOCHAM seeks RBI nudge to banks for full transmission of interest cuts, post- note ban
ew Delhi, Feb 5 (IBNS): As the Monetary Policy Committee of the Reserve Bank of India meets on February 7 and 8 for next bi-monthly credit policy, apex industry body ASSOCHAM has impressed upon the central bank and the Finance Ministry to ensure adequate transmission of cuts in the interest rates even as the industry would seek at least 50 -75 basis point reduction in the benchmark lending rates, post demonetization.
Note ban has negative impact on SMEs; large firms can benefit in long run: ASSOCHAM Bizcon
Chennai, Jan 23 (IBNS): Demonetisation of high value currency notes would leave quite a negative impact on small and medium enterprises, rural consumption and job creation in the immediate run while the large and well organised sectors of the corporate India stand to benefit in the long term horizon, the latest ASSOCHAM Bizcon Survey pointed out.
Note scrapping can do little to stop future generation of black money: ASSOCHAM study
New Delhi, Jan 18 (IBNS): Demonetisation may wipe out the stock of black money held in cash but can do little about the ill-gotten wealth converted to assets like gold and real estate and the scrapping of high value notes does not prevent the future generation of unaccounted money, said an ASSOCHAM study on Currency Demonetisation.
Government respects independence and autonomy of RBI, says Finance Ministry
New Delhi, Jan 14 (IBNS): The Ministry of Finance on Saturday said the government respected the 'independence and autonomy' of the Reserve Bank of India.
Currency Ban: Arun Jaitley says that difficult decisions initially pass through difficult phases
Gandhinagar, Jan 11 (IBNS): Union Finance Minister Arun Jaitley on Wednesday reiterated the advantage of taking bold and courageous decisions to transform Indian economy.
Growth will be lower because of demonetisation: Chidambaram
New Delhi, Jan 7 (IBNS): Congress leader P Chidambaram on Saturday attacked the Centre over the note ban issue and said the move will lower India's growth.
Demonetisation will be good for the country in the long run, says CMD, Union Bank of India
Kolkata, Dec 31 (IBNS): Demonetisation will be good for the country in the long run and will take time to yield positive effect, said Arun Kr. Tewari, CMD, Union Bank of India.
Demonetisation: Rahul Gandhi demands a joint Parliament committee to probe move
New Delhi, Nov 23 (IBNS): Congress Vice President Rahul Gandhi on Wednesday said that the move by Prime Minister Narendra Modi to demonetise INR 500 and 1000 notes is a scam and demanded a joint Parliament committee to probe it.
Demonetisation: Modi govt has lost connection with people, says Kejriwal
New Delhi, Nov 18 (IBNS): Delhi Chief Minister Arvind Kejriwal said that by rejecting a rollback of the ban on 500 and 1000 Indian Rupee notes, the incumbent central government has lost connection with people.