'High denomination cash notes which was 1.4 lakh crores of Rs 500 and Rs 1,000 notes in 2004 became Rs 15.5 lakh crores in 2016.' 'If it had been allowed, by 2022, it would have been Rs 34 lakh crores, and that would have been the end of the Indian economy.' 'Demonetisation was a huge hit on the head of the economy, but without the hit, you could not U-turn the economy.'
The two states account for 24% of total accounts opened under financial inclusion scheme.
While some are relatively new in this business, Vodafone, which has 1.8 million touch points in the country, has been offering basic banking and payment services through its pre-paid mobile digital semi-closed wallet called M-Pesa since 2012.
'If you are looking to fulfil imminent long-term commitments, the new online Ulips are the right product for you,' notes Santosh Agarwal/Policybazaar.com.
Bangalore resident Ramesha SG tells us how he left his card at the ATM and lost Rs 26,000.
Banerjee urged President Pranab Mukherjee to "save" the people of the country from the hardship caused by demonetisation and the resultant cash crisis
'When I met the prime minister on November 15 there was no RBI report with the prime minister as to why this was done.' 'When I asked the PMO officer about this, he said the RBI did not bring this to the PM and did it independently.' 'When I asked how could the RBI ban DCCBs from accepting deposits from farmers in old notes when the government gazette released on November 9 allowed them to do so, this officer told me that not even senior PMO officials had any idea about this RBI ban.'
Standing committee on finance to also focus on RBI autonomy and citizen's rights.
Day 2: Syed Firdaus Ashraf attempts to deposit Rs 500, 1,000 notes in his bank account.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
'When you enter our secretariat, you are insulting us.' 'It is the seat of government of the state of Tamil Nadu,'
Taxi booking, shopping and transfer of money will be easy.
The Shanghai Composite Index eased 0.2 percent in subdued trading on Wednesday morning.
Over the short to medium term, valuations are more likely to move down than up.
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