Free Press Journal
  • Now, RBI to come out with new Rs 1,000 note

    After demonetising the Rs 500 and Rs 1,000 currency, the Central government is now planning to bring back the Rs 1,000 currency with new enhanced security features.

  • Demonetisation: Was it really Narendra Modi’s idea?

    The Narendra Modi-led government is all set for another surgical strike on its fellow countrymen. The central government is all set to phase out Rs 2000 note, and introduce Rs 200 notes. The dates are still unclear but media reports say that the RBI will launch the new Rs 200 note in this coming months.

  • Cannot allow deposit of scrapped notes: Government to Supreme Court

    New Delhi: The Centre on Monday filed an affidavit before the Supreme Court, refusing to open a window for accepting the demonetised Rs 500 and Rs 1,000 currency notes, saying any such move will defeat “the very objective of demonitisation and elimination of black money”.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Mumbai, NCP, Pak Sugar, Sugar, Godown, Metric, Dyghar, Thane, Pakistan,Dahisar Mori village

    Demonetisation: NCP hits the streets against notebandi

    Nashik : The Nationalist Congress Party (NCP) on Monday staged road blockades at all tehsil towns in Nashik district to highlight the falling prices of agriculture produce and immediate measures to alleviate the effects of demonetisation on common people and farmers.

  • No slowdown after note ban, asserts FM Arun Jaitley

    New Delhi : Dismissing slowdown concerns post demonetisation as “anecdotal”, Finance Minister Arun Jaitley on Monday said indirect tax collection grew at a decent 14.2 per cent in December buoyed mainly by excise, reflecting an uptick in manufacturing.

  • Demonetisation flops: What next?

    Modi is confronted by a lacklustre opposition that cannot even derive political advantage from the monumental note ban failure. It is for this reason that the polls in different parts of the country show that the BJP’s fortunes have not been impacted by the demonetisation woes.

  • Post demonetisation, money has lost anonymity: Arun Jaitley

    New Delhi: Describing the currency deposited with banks following demonetisation as money that has lost its earlier “anonymity”, Union Finance Minister Arun Jaitley on Sunday said such deposits do not automatically become legitimate, and can now be identified with the owner for taxation purposes.

  • Quash ordinance on depositing old notes, says PIL filed in Bombay HC

    Mumbai : A Public Interest Litigation (PIL) has been filed in the Bombay High Court, challenging the ordinance passed by the Union government, barring the general public from depositing their demonetised notes of Rs 500 and Rs 1000 in the branch offices of Reserve Bank of India.

  • 10 incidents of cash stash, IT raids post demonetisation

    November 8, 2016, the date will be written in golden words in Indian history. The day when the country went crazy as our Prime Minister announced that the currency of Rs 500 and Rs 1,000 ceased to be a legal tender post midnight.