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Big action by Modi government! Income Tax Dept raids share brokers, traders in Mumbai, Delhi, Noida, Hyderabad and other locations - This is the reason

Big action by Modi government! Income Tax Dept raids share brokers, traders in Mumbai, Delhi, Noida, Hyderabad and other locations - This is the reason

Sun, Dec 08, 2019

Modi Government Income Tax Raids: It's a major crackdown by Modi government on corrupt practices being undertaken by some share brokers and traders.

Zero tolerance against corruption! Modi government strikes again - Big axe falls on black sheep high-ranking Income Tax officers

Zero tolerance against corruption! Modi government strikes again - Big axe falls on black sheep high-ranking Income Tax officers

Wed, Nov 27, 2019

PM Narendra Modi and his BJP-led NDA government have always emphasised that crackdown against black money is one of the prime focus points.

Zero tolerance! After demonetisation and surgical strike, Modi govt is gearing up for this huge action - Must know for Indians

Zero tolerance! After demonetisation and surgical strike, Modi govt is gearing up for this huge action - Must know for Indians

Sat, Nov 16, 2019

Big action coming soon!

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Only 16 of every 250 fake notes detected in India

Only 16 of every 250 fake notes detected in India

Thu, Nov 24, 2016

Is India doing enough to detect fake notes, cited by the Prime Minister Narendra Modi as a significant reason for withdrawing 86 % of India`s currency, a process popularly known as `demonetisation`?

Railways waive off service charge for booking tickets online

Railways waive off service charge for booking tickets online

Wed, Nov 23, 2016

The Indian Railways on Tuesday announced that it would waive off service charges for E-tickets and I-tickets booked through Indian Railway Catering and Tourism Corporation Ltd (IRCTC) in a bid to encourage cashless transactions from November 23 to December 31, officials said.

9 steps to tell PM Modi what you think about demonetisation

9 steps to tell PM Modi what you think about demonetisation

Tue, Nov 22, 2016

Prime Minister's Office (PMO), in a statement said, "People can submit their views through a survey consisting of 10 questions, which is available through the Narendra Modi App."

Positive impact of demonetisation not 'strong' enough, says Fitch

Positive impact of demonetisation not 'strong' enough, says Fitch

Tue, Nov 22, 2016

The aim for withdrawing the notes was to curb black money, which is in line with government's agenda.

Harvard Professor Larry Summers says demonetisation costs exceed benefits

Harvard Professor Larry Summers says demonetisation costs exceed benefits

Tue, Nov 22, 2016

Surprised by the 'dramatic' Indian decision to ban higher currencies in India, Harvard Professor, Lawrence Summers (Larry) and PhD candidate Natasha Sarin said in a blog post on Monday that this was the ‘most sweeping change in currency policy that has occurred anywhere in the world in decades.’

Rate, amount of black money regeneration to define ‘new normal’ of GDP growth

Rate, amount of black money regeneration to define ‘new normal’ of GDP growth

Mon, Nov 21, 2016

Demonetisation of higher denominations in India has led to a short term state of paralysis as in the fight against black money, the purchasing power of the people has also been curtailed.

Demonetisation: Decision-a-day betrays lack of preparedness

Demonetisation: Decision-a-day betrays lack of preparedness

Sat, Nov 19, 2016

Announcing the move on November 8, Prime Minister Narendra Modi said it was a "secret operation" and declared that it was a matter of inconvenience for just a "few days" -- unmindful, perhaps, that India is a country where 78% of transactions happen in cash.

Everything you need to know about demonetisation in just 2 minutes

Everything you need to know about demonetisation in just 2 minutes

Sat, Nov 19, 2016

Following the government’s announcement on the currency ban of Rs 500 and Rs 1,000 notes, a series of new developments and improvisations were declared.

Helping out a friend curtail black money? You could be penalised

Helping out a friend curtail black money? You could be penalised

Sat, Nov 19, 2016

The Ministry of Finance, on Friday said that persons agreeing to deposit other people's black money into their accounts, will also be liable to income tax and subject to penalties.

Demonetisation effect: Cash withdrawal at POS to be Rs 2000 across all centres

Demonetisation effect: Cash withdrawal at POS to be Rs 2000 across all centres

Sat, Nov 19, 2016

As an another customer-centric move in the times of demonetisation, the Reserve Bank of India (RBI) has now made the limit for cash withdrawal at point of sale (POS) - for debit cards and open system prepaid cards issued by banks in India, uniform at Rs 2000 per day available at all centres.

Indian farmers fear lost crops, income after 'black money' move

Indian farmers fear lost crops, income after 'black money' move

Fri, Nov 18, 2016

For Indian farmer Buddha Singh, who works a small plot of land in the village of Bajna south of New Delhi, the government`s decision to abolish 500 and 1,000 rupee bank notes to crush the shadow economy could hardly have come at a worse time.

Demonetisation: Banks to use indelible ink to ensure people change cash only once

Demonetisation: Banks to use indelible ink to ensure people change cash only once

Tue, Nov 15, 2016

Under the so-called demonetisation scheme, people are allowed to exchange up to 4,500 rupees once only.

Demonetisation aftermath: Jan Dhan accounts being used to convert black money

Demonetisation aftermath: Jan Dhan accounts being used to convert black money

Sat, Nov 12, 2016

More than 25 crore accounts created under the Jan Dhan scheme for below the poverty line families are being used to convert black money.

PM Modi warns of more steps on black money, if required

PM Modi warns of more steps on black money, if required

Sat, Nov 12, 2016

In a stern warning to black money hoarders he said that there could be more steps taken to curb black money if needed.

Notes ban likely to impact cashless economy, bonds: India Ratings

Notes ban likely to impact cashless economy, bonds: India Ratings

Fri, Nov 11, 2016

The government's recent ban on circulation of Rs 500 and Rs 1,000 currency notes is likely to impact various sectors right from cashless economy to growth of India's economic growth to financials of payments banks and banks, among others, said India Ratings and Research (Ind-Ra).

Cash management agencies hope to normalise ATMs operations in 2 weeks

Cash management agencies hope to normalise ATMs operations in 2 weeks

Fri, Nov 11, 2016

Cash management agencies that move billions of rupees in and out of over 2.2 lakh ATMs across the country have started a major exercise that may see Rs 40,000 crore worth of notes being shifted around and hope to normalise operations for the public in two weeks.

IMF supports India currency steps to fight corruption

IMF supports India currency steps to fight corruption

Fri, Nov 11, 2016

The International Monetary Fund (IMF) said on Thursday it supports India`s efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimise disruptions in the economy.

Demonetisation decision will help fight economic terrorism:MEA

Demonetisation decision will help fight economic terrorism:MEA

Thu, Nov 10, 2016

Welcoming the decision to demonetise Rs 500 and Rs 1000, a top External Affairs Ministry official on Thursday said it will go a long way in fighting "economic terrorism" by checking use of black money for funding "subversive activities".

Black money crackdown: Is this the right time to invest in equities?

Black money crackdown: Is this the right time to invest in equities?

Thu, Nov 10, 2016

Modi government's decision to curb black money will hit real estate, jewelry and consumer durables sector for shorter term.

Small depositors will not face any problem: Arun Jaitley

Small depositors will not face any problem: Arun Jaitley

Thu, Nov 10, 2016

A day after all banks and ATMs remain shut after the government banned Rs 500 and Rs 1,000 notes from circulation, Finance Minister Arun Jaitley said on Thursday that small depositors will not face any problem.

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