Tag Archives: demonetisation

Ujjivan Financial Services has reported 64.76% decline in its net profit which stood at Rs.19.35 crore in the quarter ended March 31, 2017. Last year, it reported a net profit of Rs 54.91 crore in the corresponding quarter. Attributed to non-repayment and serious delinquency issue in many part of the country after demonetisation, Ujjivan is alone among large MFIs facing ...

The Reserve Bank of India said refusal of Rs.10 coin as tender is very much legal and the absence of the rupee ₹ symbol should not deter people from accepting the same as old coins are still in circulation. But nobody is convinced and the coin is still refused in many transactions across the country due to fears that it ...

Despite BJP and Congress wriggling under pressure to wrest the fort of UP into their domain, it was Akhilesh Yadav who stole the show as ever, ending the term of five years with a break from his father Mulayam Singh Yadav staging a rebellion that has taken away the wrong-doings of his past administration. Though his five-year term as UP ...

The loophole in the entire gamut of demonetisation is out finally and the political parties are exempted from restrictions on depositing old currency notes in their bank accounts, said Revenue Secretary Hasmukh Adhia. It means all the black money not returning to the system in the form of individual accounts may as well return in the form of funding to ...

Delhi chief minister and Aam Aadmi Party chief Arvind Kejriwal who stood behind Rahul Gandhi was taken aback when the Congress vice-president met Prime Minister Narendra Modi with his own party members bereft of any opposition member and discussed the so-called farmers’ woes and sought waiver of loan repayments. Kejriwal Tweeted immediately after the news broke out saying Rahull Gandhi ...

When Rahul gandhi told media that his information on personal corruption of Prime Minister Narendra Modi would trigger an earthquake, not many took it seriously but the PM himself came down finally to meet the Congress leader and his team, bereft of other opposition leaders. One thing is clear that there is more to what Rahul Gandhi said on TV ...

Finance Minister admitted that some unscrupulous people including some in the banking system have been trying to subvert the system once again and accumulating large amount of cash unlawfully. "Obviously, there is a breach of law in this and this is a step which hurts the economy. And therefore, all agencies are keeping an eye on this. They will investigate ...

The Finance Ministry has appreciated the role played by the banks post-demonetisation especially when the old currency was accepted and till 24th November, 2016, when exchange of old currency to specified limit was also permitted, despite the fact that crores of new currency notes were diverted by corrupt bank officials and IT raids have made it clear that the demonetisation ...

The two-day Inclusive Finance India Summit, formerly known as Microfinance India Summit, concluded on Tuesday with bankers and lenders vowing to stem the cash crunch that is hitting the industry across the country due to demonetisation. Two important reports by organisers Access India were released – The Inclusive Finance State of the Sector Report by Prof M S Sriram (IIM-B) ...

Union Minister (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, addressing a gathering comprising of the trader fraternity at the Less-Cash India Summit, said the demonetisation will bring a change in the way people think and work as it makes the honest feel respected for the first time. It was an idea whose time had ...