'Initially, most people willingly stood for hours in queues to withdraw cash because they believed that after 50 days, black money would come out, some big men would be punished and perhaps jailed. Again, nothing happened.' 'Now the talk is that small people have been punished while the rich and the powerful have got away.' 'The RSS is not going out of its way to counter the view. Let the BJP explain.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The currency ban has changed the lives of the people facilitating this move across India.
Both HDFC Bank and ICICI Bank have come to be acknowledged as the best in their fields, with complementing strengths and far-sighted game plans.
It looks as if competing political parties in Tamil Nadu have not grasped the full impact and import of a sizable section of voters possibly staying away from voting -- voters, supposedly with a predictable polling pattern -- owing to the Covid second wave and more so, how it could affect the outcome in individual constituencies and even booths, says N Sathiya Moorthy.
Available evidence suggests that we are on the way to a very costly failure of the current demonetisation scheme, says M R Narayana.
Athens bowed to demands to phase out tax breaks for its islands.
FIIs have offloaded stocks worth Rs 13,110 crore
Dubbing the new income tax return Form 2F as "kathin" (difficult), a parliamentary committee has asked the government to withdraw the Form, including the controversial cash flow statement that salaried assessees have to file.
Closing banks and restricting the flow of capital can build pressure for a solution as finances get squeezed.
As people wait in long queues outside banks, they appear happy that the ban on Rs 500 and Rs 1,000 notes will unearth black money and root out corruption.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
It's never too late to teach your child financial matters. Start now.
Defence PRO said that the forces have managed to restore normalcy in the areas they were deployed and have been continuously working to aid the civil administration.
The cash-rich Indian Premier League will have a new title sponsor for its next edition as PepsiCo "have shown a willingness to move out of the deal" with the Board of Control for Cricket in India.
The economy of Jammu and Kashmir is largely based on agriculture and tourism. The state produced 19.56 lakh MT of fresh fruits in 2018-19.
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
The Supreme Court on Friday refused to tinker with the move to do away with the use of now-defunct high-value currency notes for public utilities, in government hospitals and for rail tickets.
Most industry players in Tirupur feel that though the idea of GST is good, the problems are largely due to its poor implementation. Refund delays, withdrawal of incentive schemes make Made-in-Tirupur products costlier by 10-15 per cent, say entrepreneurs.
The concept of gold as an asset capable of getting anytime money is evaporating.
Over 4 mn bank accounts could be dormant, suspects tax department.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
The workers' union has accepted the '10-step' pay hike to be granted to them by way of an interim measure by the civic transport undertaking's management.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector.
SC asked AG to file an affidavit about the measures undertaken by the govt and RBI to minimise public inconvenience.
Unified Payments Interface launched to simplify mobile banking.
The Indian Post Payments Bank will be a boon to Indians who live in rural areas. India has 154,000 post offices, of which 139,000 are rural.
Kings XI Punjab's bid to remain in contention for the play-off berth in the Indian Premier League received a major blow when their premier batsman Shaun Marsh was ruled out of the tournament due to a back injury. The Australian batsman had picked up a niggle in his back during the six-wicket loss to Kolkata Knight Riders on April 19, which reportedly worsened in subsequent matches. Marsh is the third Australian in as many days to be heading home early from the competition, following younger brother Mitchell (side) and captain Steve Smith (wrist).
The plan hinged on two critical assumptions: India would not be able to replenish supplies quickly to launch a counter-attack. India could not respond in enough strength to dislodge the Pakistanis. Both assumptions would be proved wrong due to the ferocity of the Indian response, reveals former RAW officer Tilak Devasher in his new book, Pakistan At The Helm.
From Singapore to Almora, Abhishant Pant has survived without cash, and he wants to continue in that state all his life.
The government has sacked these officers ranging from the ranks of principal commissioner to assistant commissioner, some of whom were already under suspension.
Unbanked customers can expect easier access to banking.
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
'It will cause problems for people who deal in small amounts of cash.' 'I hope it does not cause law and order problems.'
While there is easy access to money, the flip side is the high interest rate and processing fees, points out Sarbajeet K Sen.
