Demonetization

A slump in consumption resulting from demonetization of high value currency has impacted earnings of workers who serve in restaurants and bars across cities and many of contractual workers were also laid off, a workers' union said on Thursday. "Banning...

On November 8, Prime Minister Narendra Modi announced the replacement of 86 per cent of India’s cash by announcing demonetization Rs 500 and Rs 1,000 notes as a part of legal tender in India in a bid to cut corruption, counterfeit...

Eastern India Corrugated Box Manufacturers' Association has claimed that demand for their packaging boxes has slumped by 50 per cent post demonetization. "Demand for our corrugated packaging boxes has slumped by 50 per cent post demonetization due to slump in...

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal...

Conceding that there has been an impact on sales due to cash crunch following demonetization, handset maker Lenovo India said the decline "is not as drastic" as some have made it out to be. "It has certainly dropped but it is...

When Satyaprakash Pande of Dheersons Jewellers sees an individual approaching his shop located in the bustling Karol Bagh market in central Delhi, he becomes hopeful of getting a customer -- an entity that has become rare in the last...

The Government's decision to withdraw Rs 1,000 and Rs 500 notes as legal tender has impacted the consumer life in a big way. As a result, instead of spending on luxuries, consumers today are spending cautiously on necessities. Reduced consumer...

Digital payment company Paytm said that it has seen 35 million transactions for mobile and DTH recharges on its platform post the Government's move to scrap Rs 500 and 1,000 notes. Paytm claimed that over 70 per cent of online...

Noted industrialist Adi Godrej called for "reasonable and modest" tax rates as an effective way to prevent creation of black money and pitched for a rule-based automatic approval mechanism to fight graft. According to a PTI report: The Government controls...

In order to support sellers - some of whom had Cash on Delivery (CoD) orders returned post the high currency notes demonetization announcement - e-commerce major Snapdeal said that any return charges, which are in normal course, borne by...