Tag Archives: financial emergency

Demonetisation decision of the century? Claims Minister

Amid chaos over the country with ATMs showing NO CASH board, people fighting with bank staff, it is chaos and anarchy all over the country. Though nobody is questioning the ban if Rs.500 and Rs.1000 notes, the way the RBI was totally taken aback by the decision is intriguing the whole country. Little work has gone into the decision when ...

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There’s Enough Cash with RBI, Says Govt; Exempts Court Fee, Co-op Store Purchases, Toll Plazas

Following hue and cry over the shortage of new currency in banks and ATMs, the government said on Friday that the payment of old and demonetised notes will be allowed now even in court fee, consumer cooperative stores with ID proof, utility bill payment, and toll plazas. While cancelling the legal tender character of the existing series of high denomination ...

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