Topic: Demonitisation
India will grow at 7.3% in 2018: World Bank Report
The World Bank in its twice-a-year South Asia Economic Focus report has projected growth rate of 7.3% for India in 2018 and 7.5% for 2019 and 2020. The...
Government notifies Specified Bank Notes (Cessation of Liabilities) Act, 2017
The Union Government has notified the Specified Bank Notes (Cessation of Liabilities) Act, 2017 to prohibit the holding, transferring or receiving of scrapped old Rs.500 and Rs. 1000...
MEITY to promote digital transactions in place of NITI Aayog
The Union Government has shifted the responsibility of promoting digital transactions in the country to the Union Ministry of IT and Electronics (MEITY) from NITI (National Institution for...
Income Tax Department launches Operation Clean Money
The Income Tax Department (ITD) launched Operation Clean Money (Swachh Dhan Abhiyan), an e-platform to analyse large cash deposits made during the demonetisation window (9 November to 30...
Cabinet clears interest waiver for farm loans
The Union Cabinet has given its ex-post facto approval for an interest waiver of farmers accessing short-term crop loans from cooperative banks for the two months of November...
Union Government announces package for promotion of digital & cashless economy
The Union Government has announced package of incentives and measures for promotion of digital and cashless economy in the country. It was announced to supplement the surge in...
RBI to introduce new 20 & 50 rupee currency notes
The Reserve Bank of India (RBI) is going to issue new currency notes of Twenty and Fifty rupees denomination in the Mahatma Gandhi Series-2005. All old the previous...
Andhra Pradesh CM N Chandrababu Naidu to head CMs Committee on Demonetisation
The Union Government has decided to constitute a sub-committee of Chief Ministers of five states in the wake of demonetisation of Rs 500 and Rs 1,000 denomination notes.... RBI introduces incremental CRR to manage excess liquidity in banking system
The Reserve Bank of India (RBI) has introduced an incremental Cash Reserve Ratio (CRR) of 100% for fortnight to absorb excess liquidity in the banking system following demonetisation....
Union Government constitutes Amitabh Kant Committee to push cashless transactions
The Union Government has constituted a new committee to form a strategy to expedite the process of transforming India into a cashless economy. The committee will be headed...
NABARD to disburse Rs 21,000 crore to farmers for Rabi Season
The Union Government has allowed National Bank for Agriculture and Rural Development (NABARD) to disburse Rs 21,000 crore to help cash-starved farmers to sow Rabi crops. The money... 