Ever since the RBI (no longer under Rajan) published its annual report last week, the government has been in a panic, because of what the report says about the November 8, 2016 demonetisation
of high-value currency.
Microfinance portfolios of small finance banks and non-bank microfinance institutions (together referred to as MFIs) are showing a distinct improvement and stability in asset quality since June 2017, shrugging off the impact of demonetisation
, which had cranked up delinquencies, affected borrower behaviour and worsened asset quality.
An irony of irony, the government is still not tired of celebrating its "achievement" called demonetisation
Washington: Finance Minister Arun Jaitley has defended the government's decision to maintain secrecy over demonetisation
, saying transparency in this case would have been the "greatest instrument of fraud".
Global Banking News-September 4, 2017--Former RBI head says he had warned government about demonetisation
caused widespread distress, which the media covered profusely with stories of how common people suffered, and uncommon rulers revelled.
THE stone- pelters in Kashmir Valley have been impacted by the demonetisation
of ` 500 and ` 1,000 currency notes.
Summary: New Delhi [India], May 4 (ANI): Congress leader and former Union Minister Kapil Sibal on Saturday alleged that currency exchange was done at the BJP headquarters in the national capital during demonetisation
IANS New Delhi Alleging links between National Security Advisor Ajit Doval's son Vivek opening a hedge fund in the Cayman Islands soon after 2016 demonetisation
and the huge spike in inflow of FDI into India from the territory, the Congress on Thursday demanded the RBI to make public the source of funds received from the tax haven.
Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said, "This is the effect of demonetisation
has been very good for increasing the tax base of the country.
Summary: Sentiments run strong that demonetisation
was less of an economic exercise and more of a political move...
Even as the economy recovers from the structural shocks of GST and demonetisation
, India missed out on a 'synchronized global recovery in 2017,' according to a latest report by IIF (Institute of International Finance).