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Fake currency totalling Rs 3.5 lakh seized

Fake currency totalling Rs 3.5 lakh seized

Fake currency notes with a face value of Rs 3.5 lakh have been seized and two persons detained in Odisha's Sonepur district.

RBI to keep rates steady over the next 18 months: Reuters poll

RBI to keep rates steady over the next 18 months: Reuters poll

The Reserve Bank of India is expected to keep interest rates steady well into next year after it shifted to a neutral monetary policy stance in February.

India returned to fiscal consolidation in 2016-17: IMF

India returned to fiscal consolidation in 2016-17: IMF

Notwithstanding the impact of note ban, India returned to fiscal consolidation in the FY17 largely due to the near-elimination of fuel subsidies.

IMF trims India's growth forecast to 7.2 per cent for 2017

IMF trims India's growth forecast to 7.2 per cent for 2017

The IMF trimmed India's annual growth forecast by 0.4 percentage points to 7.2% for 2017, citing the note ban impact.

Note-ban crimps MFIs' securitisation by 21% in Fy17

Note-ban crimps MFIs' securitisation by 21% in Fy17

Hit hard by the note-ban, securitisation volume of microfinance institutions (MFIs) fell 21% to around Rs 7,150 cr in fiscal 2017 compared to Rs 9,000 cr last year.

I-T dept launches 'Op Clean Money'-II; to probe 60,000 people

I-T dept launches 'Op Clean Money'-II; to probe 60,000 people

The I-T dept will investigate over 60,000 individuals under the second phase of the 'Operation Clean Money' with an aim to detect black money.

Digital payments up nearly 23 times since demonetisation: Govt

Digital payments up nearly 23 times since demonetisation: Govt

The transactions using various digital payment modes went up to 63.80 lakh with a total transaction value of Rs 2,425 cr till March this year.

Cash use rises, but 3 crore people stay on digital platforms

Cash use rises, but 3 crore people stay on digital platforms

Even as data shows increase in cash usage again, the NPCI said demonetisation helped get 5 crore new customers on digital mediums and over 3 crore have stayed on.

Banks cutting rates to use liquidity available: Jaitley

Banks cutting rates to use liquidity available: Jaitley

Banks have been cutting rates in the recent times as they want to use liquidity available with them, Jaitley said.

Currency returned to RBI post-note ban being calculated: FM

Currency returned to RBI post-note ban being calculated: FM

The RBI is still calculating and taking stock of the currency that was returned to banks post demonetisation, Finance Minister Arun Jaitley said.

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