Tuesday, October 19, 2021
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Cash Crunch

No end to farmer woes as dip in sugar sales triggers cash crunch

New Delhi: The fall in sugar sales following nationwide lockdown to control coronavirus has precipitated a cash crisis in the sugar industry, for which the...

Cash supply dips to one-third in Telangana

The cash crunch in Telangana can be clearly attributed to this reduced supply since SBI branches account for more than 30 per cent of all bank branches in the State.

Rahul Gandhi slams Modi for destroying banking system

Gandhi also criticised Modi for his silence on the banking frauds allegedly committed by the diamond merchants who have fled the country.

Cash crunch, technical ‘glitch’ delay payment of salaries in AP 

More than 22,000 government employees are yet to get their salary for the month of March, even as the Finance Department authorities are working hard to fix the glitch.

RBI releases Rs 2,600 crore to banks in Telangana

Hyderabad: The Reserve Bank of India on Tuesday released Rs 2,600 crore to the banks in Telangana and asked it to utilise the funds...

Cash crunch: RBI to release Rs 1,700 cr on Monday

To ease the cash crunch following commencement of farming activities, the Reserve Bank of India will release Rs 1,700 crore to Telangana State on Monday.

Demonetisation took more than it gave, says Kaushik Basu

"Demonetization was too coarse an approach, and it accomplished too little while causing too much collateral damage," said former Chief Economic Adviser Basu.

Cash crunch still hurts: Etela Rajender

The RBI will be shipping Rs 1,700 crore to the State in a couple of days., said Finance Minister Etela Rejender.

Modi’s demonetisation one of most “disruptive experiments”: Report 

"This (demonetisation) has proved to be one of the most disruptive experiments in recent economic history, and one from which Modi's administration now risks learning all the wrong lessons," wrote author James Crabtree.

Demonetisation slowed down Indian economy, SBI says

The long-term impact of this move on the Indian economy and the banking sector is uncertain, SBI told institutional investors prior to its Rs 15,000 crore share sale through private placement.

Digital transactions shoot up 23 times post note ban to 64 lakh

"Volume of all digital transactions increased by about 23 times with 63,80,000 digital transactions for a value of Rs 2,425 crore in March 2017, compared to 2,80,000 digital transactions worth Rs 101 crore till November 2016," Niti Aayog said in a statement.

ATMs remain dry in city

With no access to cash, families are finding it difficult to handle day-to-day expenses where cash has to be paid.

Chaos as crowds throng RBI to exchange old currency

Even many eligible claimants failed to reach the bank counters as they could not produce the required documents.

Bank ATMs go dry

Lack of cash supplies from RBI and deposits from customers causing the situation.

All cash withdrawal limits go back to pre-demonetisation era

While lifting of ATM withdrawal limits represents coming full circle for these machines in respect of demonetisation, the return to normalcy in terms of cash available in them is still awaited, indicating the slow pace of remonetisation.

Chidambaram questions government’s GDP figure

Former Finance Minister and senior Congress leader P. Chidambaram on Friday questioned the Central Statistical Organisation's GDP growth figure and termed demonetisation a fixed match between the government and Reserve Bank of India (RBI).

RBI admits to cash crunch in rural areas

"The bank notes, being supplied to rural areas, at present, are not commensurate with the requirements of the rural population," the Reserve Bank of India (RBI) said.

PM Modi to address nation on New Year’s Eve

PM Modi will address the nation before the dawn of the New Year. The address will likely happen at 7.30 p.m. on Saturday.

Withdrawal limit from ATM hiked to Rs 4,500/day from Jan 1

The daily limit of withdrawal from ATMs has been increased with effect from January 1, 2017, from the existing Rs 2,500 to Rs 4,500 per day per card said the central bank.

Demonetisation is immoral, theft of people’s property: Forbes

The November 8 move to spike the Rs 500 and Rs 1,000 notes had damaged the Indian economy, future investment and was also an assault on the privacy of common man life by inflicting more state control.

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