Gulf Times - demonetisation
Congress raps Modi over 'failed' ban on high-value notes

Congress raps Modi over 'failed' ban on high-value notes

Data released by the Reserve Bank of India showed that almost the entire amount of withdrawn currency had returned to banks, meaning Modi may have misjudged cash hoarding.

India says adequate currency supply after shortage reports

India says adequate currency supply after shortage reports

Local media reported from a string of central, eastern and southern states showing people queuing up at empty ATMs or complaining about a lack of notes.

India growth rate slips to 7% in Q3 after cash ban

India growth rate slips to 7% in Q3 after cash ban

India's economic growth rate slipped to seven percent in the third quarter of the financial year after the controversial ban on high-value banknotes in November, official figures showed Tuesday.

India puts 1.8mn on notice for potential tax evasion

India puts 1.8mn on notice for potential tax evasion

India has put 1.8mn citizens on notice for potential tax evasion, officials said on Tuesday, as it begins scrutinising suspect cash deposits in the wake of a sudden ban on high-value banknotes.

India says cash ban hits growth

India says cash ban hits growth

India's government acknowledged Tuesday that its controversial decision to withdraw high-value bank notes from circulation has had an ‘adverse impact’ on the economy as it lowered its growth forecast.

India lifts ATM limit as cash crunch eases

India lifts ATM limit as cash crunch eases

Limits on ATM withdrawals will be partially lifted from February 1, India's central bank said on Monday, as a cash crunch sparked by the ban on high-value rupee notes eases.

World business leaders praise Modi's reforms

World business leaders praise Modi's reforms

Business leaders from around the world attending an investment summit in Gujarat cheered Prime Minister Narendra Modi's reforms, and said the disruption caused by his demonetisation move should be temporary.

Strong dollar to increase remittances from Qatar

Strong dollar to increase remittances from Qatar

Exchange houses in Qatar are expecting a surge in remittances in view of the expected appreciation in the value of the US dollar, industry sources have said.

India braces for growth chill after Modi's cash crackdown

India braces for growth chill after Modi's cash crackdown

India on Friday predicted robust economic growth in the fiscal year that ends in March, but without fully accounting for the disruption caused by Prime Minister Narendra Modi's decision to abolish high-value old currency bills.

India expects 7% growth in first half of 2017-18

India expects 7% growth in first half of 2017-18

India expects growth of around 7% in the first half of the next fiscal year, officials said, painting a rosier picture for the economy than many economists after Prime Minister Narendra Modi's shock move to abolish large banknotes.

Modi says demonetisation will boost economy

Modi says demonetisation will boost economy

Indian Prime Minister Narendra Modi said the decision to scrap high-value bank notes will give the economy a further boost, and would provide long-term benefits.

India cash crunch to ease by year end, says Jaitley

India cash crunch to ease by year end, says Jaitley

Indian Finance Minister Arun Jaitley said on Friday that a cash crunch following the scrapping of high-value banknotes would ease by December 30 with the release of new 500 and 2,000 rupee notes.