demonetisation Archive

Demonetisation adverse impact was transient and felt mainly in November and December 2016. The impact moderated significantly in January 2017-RBI

Author: | Categories: RBI No comments
Demonetisation adverse impact was transient and felt mainly in November and December 2016. The impact moderated significantly in January 2017-RBI Macroeconomic Impact of Demonetisation- A Preliminary Assessment Reserve Bank of India March 10, 2017 Demonetisation announced on November 8, 2016 was aimed at addressing corruption, black money, counterfeit currency

Exchange of old currency notes grace period after 30-12-2017

Author: | Categories: Finance Ministry No comments
Exchange of old currency notes grace period after 30-12-2017 Submission of old currency notes of Rs. 500 and Rs. 1000; The grace period for Indian citizen residing in India is March 31, 2017 and for Indian citizen resident outside is June 30, 2017 The Specified Bank Notes (Cessation of

Persons whose tax profiles not match with cash deposits made in bank during the demonetization period identified-Operation Clean Money

Author: | Categories: Income Tax No comments
Persons whose tax profiles not match with cash deposits made in bank during the demonetization period identified-Operation Clean Money  Ministry of Finance PIB Press Release dated 10/03/2017 Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits made

Harsh punitive actions against shell companies to prevent misuse for money laundering and tax-evasion

Author: | Categories: Finance Ministry No comments
Harsh punitive actions against shell companies to prevent misuse for money laundering and tax-evasion for unearthing black money post demonetization Ministry of Finance Press Release Dated: 10-02-2017 Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant

No savings bank cash withdrawals limit from 13-03-2017. Limit enhanced to Rs. 50,000 per week from 20-02-2017

Author: | Categories: RBI No comments
No savings bank cash withdrawals limit from 13-03-2017. Limit enhanced to Rs. 50,000 per week from current limit of Rs. 24000 per week Removal of limits on withdrawal of cash from Saving Bank Accounts RBI/2016-17/224 DCM (Plg) 3107/10.27.00/2016-17 February 08, 2017 All Banks Dear Madam / Sir, Removal of

Reports submitted to RBI regarding SBN deposited in banks as on 30-12-2016. Still No data appears to be available on Fake Currency Notes returned

Author: | Categories: Finance Ministry No comments
Reports submitted to RBI regarding SBN deposited in banks as on 30-12-2016. says Government. However still no data appears to be available on Fake Currency Notes returned due to demonetisation. Ministry of Finance Press Release Dated: 7th February, 2017 Demonetisation of old 500 and 1000 rupee notes The matter

Economic Survey 2016-17 Impact of Demonetisation. Effect through end-December and likely longer-term effect. Cash squeeze to end by April 2017.

Author: | Categories: Finance Ministry No comments
Economic Survey 2016-17 Impact of Demonetisation. Effect through end-December and likely longer-term effect. Cash squeeze to end by April 2017. Ministry of Finance Dated: 31/01/2017 Press Release GDP growth in 2017-18 is projected at 6 ¾ to 7 ½ percent Post-demonetisation Middle class to get affordable housing due to
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