Free Press Journal
  • PTI Photo by Mitesh Bhuvad

    Cash flow will be normal soon: Urjit Patel

    New Delhi: Reserve Bank of India (RBI) Governor Urjit Patel on Friday is learnt to have told a parliamentary committee that cash flow post demonetisation will normalise soon but might take longer in rural and remote areas.

  • INDIA-ECONOMY-CURRENCY

    Notes ban: ED arrests Surat-based Kishore Bhajiawala under PMLA

    Surat: The ED today said it has arrested city-based financer Kishore Bhajiawala on money laundering charges and for allegedly using 1,000 fake IDs to illegally convert Rs 1 crore in old notes into new post demonetisation.

  • Agartala: A man counting his Rs 500 and Rs 1000 notes for depositing in a bank following their demonetization in Agartala, Tripura on Wednesday. PTI Photo   (PTI11_9_2016_000082B)

    The government gets richer, while people become poorer

    Conclusion: The finance minister is exultant. He proudly points to the surge in tax collections. He then uses these numbers to deny that demonetisation has led to any serious slowdown in the Indian economy. His government insists that the economy was still vibrant.

  • PTI Photo by Mitesh Bhuvad

    Par panel meet begins, RBI Governor to brief on demonetisation

    New Delhi, A crucial meeting of Parliament’s standing committee on finance over the demonetisation issue began here this morning with Reserve Bank of India Governor Urjit Patel expected to brief it on the matter.

  • A man displaying Rupee one thousand notes

    IMF cuts India’s growth forecast due to demonetisation

    Washington, The IMF on Monday cut India’s growth forecast for the current fiscal by as much as one percentage point due mainly to the disruptions caused by demonetisation of 500 and 1,000 rupee notes.

  • rbi

    Post Demonestisation: RBI raises ATM withdrawal limit to Rs 10,000

    Mumbai : With the improvement in cash situation, the Reserve Bank on Monday more than doubled the daily ATM withdrawal limit to Rs 10,000 but retained the weekly ceiling at Rs 24,000 which bankers feel will be gradually relaxed. RBI also doubled the weekly withdrawal limit from current accounts to Rs 1 lakh from Rs 50,000 – a move which will ease cash position of traders.

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    Man gets Rs 500 notes with one-side blank in MP

    Khargone: Days after a farmer in Madhya Pradesh received Rs 2,000 notes from a bank without the image of Mahatma Gandhi, an ATM at a village in Khargone district dispensed two ‘one-side blank’ currency of the new Rs 500 denomination.

  • AFP PHOTO / PUNIT PARANJPE

    3-4 lakh cr of black money placed in banks post demonetisation

    New Delhi : As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1000 notes.