Tag: Demonetisation

New Delhi: In a minor heckling, Union Minister Anurag Thakur on Friday was confronted at the industry event here with allegation that government’s demonetisation exercise was to blame for the current slowdown that has impacted the economy. Speaking at the ACMA (Automobile Components Manufacturers Association) annual convention here on Friday, Minister of State for Finance […]

Bhubaneswar: Fake currency circulation is still posing a real challenge in Odisha. Post dipping to a historic low in the demonetisation year, the total seizure value of Fake Indian Currency Notes (FICN) has again picked up pace to a record seizure of over Rs 7.3 crore in mere 9-months of 2019. However, the paradigm shift […]

Mumbai: Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system. A proposal in this regard has been mooted by the RBI to give impetus to digital transactions on the third anniversary of demonetisation. The central bank has also proposed that FASTags would be enabled […]

New Delhi: Amid rumours about demonetisation of Rs 2,000 banknotes, some companies have advised their cashiers to not accept the high-value pink notes from the customers. They have also directed their accountants to deposit cash balances of Rs 2,000 notes in banks. An internal advisory by a Karnataka-based logistics firm on the possible demonetisation has […]

Bhubaneswar: The recent seizure of fake Indian currency notes (FICN) with a face value of a whopping Rs 7.9 crore in Koraput district of Odisha has sent the police as well as public into tizzy. Why craze for fake notes? While the circulation of fake banknotes has now become a major concern, experts opine that […]