Hit hard by an unprecedented cash crunch, many banks are just refusing to let customers withdraw the Rs 24,000 they are entitled to every week as per RBI guidelines. ...
While there is no clarity on the fate of the withdrawn Indian currency notes of Rs 500 and Rs 1,000 denominations in Nepal, new Indian Rs 500 and Rs 2,000 bank notes are deemed illegal and banned for exchange, Nepal's central bank said on Thursday....
Former Prime Minister Manmohan Singh, a globally respected economist, on Thursday called the demonetisation drive a case of "organised loot and legalised plunder", warning that it will drag India's GDP by 2 percentage points....
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Pakistan on Thursday stepped up its anti-India rant with the military chiefs, including outgoing Army chief General Raheel Sharif, threatening that the armed forces were capable of teaching India "a lesson" if the border tension escalates. ...
The demonetisation of old 500 and 1,000 rupee notes by the government will result in increasing tax revenue, higher government capital expenditure and faster fiscal consolidation, said Moody's Investors Service....
Defending the demonetisation decision as "correct", Union Finance Minister Arun Jaitley on Thursday said maximum black money was generated during the earlier Congress-led United Progressive Alliance government's rule....
"We are not running away from the debate. We want it to take place, but it has to happen in a way similar to August 30, 2013, when the BJP (then in opposition) wanted then Prime Minister Manmohan Singh to be present in the house for a debate," senior Congress leader Jairam Ramesh told a press conference in Parliament House....
Hit hard by an unprecedented cash crunch, many banks are just refusing to let customers withdraw the Rs 24,000 they are entitled to every week as per RBI guidelines....
The Indian Army on Thursday said it foiled two infiltration bids from across the Line of Control (LoC) into Jammu and Kashmir during the last 18 hours. The Indian Army's Udhampur headquartered...
