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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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Rs 13,860 crore declared in IDS ''not mine'': Mahesh Shah

Rs 13,860 crore declared in IDS ''not mine'': Mahesh Shah

Sat, Dec 03, 2016

Mahesh Shah, a businessman from Gujarat who made a surprising disclosure Rs 13,860 crore in unaccounted wealth under the Income Declaration Scheme (IDS) two months ago, said on Saturday he was used as a front by some businessmen and politicians to declare the money and would name them soon.

PM Narendra Modi says demonetisation will end all problems

PM Narendra Modi says demonetisation will end all problems

Sat, Dec 03, 2016

Prime Minister Narendra Modi on Saturday acknowledged the inconvenience caused to people by demonetisation and said it was a move that would end all the problems, including poverty, corruption and black money in India.

Food Tech, Hyperlocal Grocery witness significant growth in online payments in Nov: RedSeer

Food Tech, Hyperlocal Grocery witness significant growth in online payments in Nov: RedSeer

Sat, Dec 03, 2016

After the Government of India demonetised old banknotes of Rs 500 and Rs 1,000, Food Tech and Hyperlocal Grocery sectors have witnessed a significant growth in their online transactions in November on account of their dependency on cashless transactions, said a Bengaluru-based research and adviso

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

Sat, Dec 03, 2016

Dispelling rumours that Finance Minister Arun Jaitley was unaware of demonetisation, Power Minister Piyush Goyal on Saturday said he knew it and kept it as secret despite being "very friendly and open".

Cash crunch to ease by December 30; no GST delay: Arun Jaitley

Cash crunch to ease by December 30; no GST delay: Arun Jaitley

Sat, Dec 03, 2016

Indian Finance Minister Arun Jaitley said on Friday that a cash crunch following the scrapping of high-value banknotes would ease by December 30 with the release of new Rs 500 and Rs 2,000 notes.

Modi's demonetisation drive may stunted bank credit growth further

Modi's demonetisation drive may stunted bank credit growth further

Fri, Dec 02, 2016

Care Ratings said, “The latest GDP reveals that capital formation continues to decline to a new low of 27.1% as of September, which indicates that there would be less demand for funding until such time that demand for other goods pick up significantly.”

Queues outside banks, ATMs were expected, says FM Jaitley

Queues outside banks, ATMs were expected, says FM Jaitley

Fri, Dec 02, 2016

Speaking at an event in New Delhi, Finance Minister, Arun Jaitley on Friday said that queues outside banks and ATMs were factored in while making plans to ban higher denomination currency.

Income Tax Raid? Your gold worth 500 grams per lady, 250 grams for unmarried lady and 100 grams per man is safe

Income Tax Raid? Your gold worth 500 grams per lady, 250 grams for unmarried lady and 100 grams per man is safe

Fri, Dec 02, 2016

In a statement, Meenakshi J Goswami, I-T Commissioner and Spokesperson of the Central Board of Direct Taxes (CBDT), clarified that jewellery bought from disclosed income will not be taxed under existing or proposed amended provisions.

Demonetisation: Paytm records over 35 million online recharge transactions

Demonetisation: Paytm records over 35 million online recharge transactions

Wed, Nov 30, 2016

Paytm has recorded over 35 million online recharge transactions in the last few days after the Government of India started its demonetisation drive few weeks back which forced mobile users to shift their recharge transactions from offline to online ones.

Demonetisation: India cash ban slims down big fat weddings

Demonetisation: India cash ban slims down big fat weddings

Wed, Nov 30, 2016

Jatin Pal`s wedding was just days away and his family were finalising plans for an extravagant multi-day celebration -- then Indian Prime Minister Narendra Modi banned high denomination notes overnight, casting a dark shadow over the festivities.

Chilled by demonetisation, India to take cold comfort from strong GDP

Chilled by demonetisation, India to take cold comfort from strong GDP

Wed, Nov 30, 2016

India can ill-afford to take much pride in having the world`s fastest growing large economy when it releases September quarter data on Wednesday, with businesses, farmers and families all suffering after the government`s sudden demonetisation drive.

Lok Sabha passes income tax amendment bill after demonetisation

Lok Sabha passes income tax amendment bill after demonetisation

Tue, Nov 29, 2016

While the opposition protested, the Speaker put the bill to vote amid the din, and it was passed by a voice vote.

Income Tax: Govt introduces new Bill to tax newly declared money

Income Tax: Govt introduces new Bill to tax newly declared money

Mon, Nov 28, 2016

The Taxation Laws (Second Amendment) Bill, 2016, proposes to make some changes in the Act.

Demonetisation will boost BJP's electoral fortune in UP, says party National Secretary

Demonetisation will boost BJP's electoral fortune in UP, says party National Secretary

Sun, Nov 27, 2016

"This is a big decision... It is BSP and SP that appear to be more worried by it," he Mahendra Singh, adding that people were minutely watching the panic situation of political parties.

Demonetisation among 3 most important economic reforms,says Ratan Tata

Demonetisation among 3 most important economic reforms,says Ratan Tata

Sat, Nov 26, 2016

After calling for special relief measures for poor hit by demonetisation, industrialist Ratan Tata on Saturday termed the move as one of the three most important economic reforms that will help fight black money.

Demonetisation: PM Modi asks ministries, departments to go cashless

Demonetisation: PM Modi asks ministries, departments to go cashless

Sat, Nov 26, 2016

Prime Minister Narendra Modi has directed all ministries and departments to switch to online transactions or cheque mode and at the same time ensure downstream payments, including by contractors to labourers, go cashless too.

Demonetisation impacts property deals, but raises hope of cheaper loans

Demonetisation impacts property deals, but raises hope of cheaper loans

Sat, Nov 26, 2016

Even as the sale of pre-owned houses and developer-built small properties have come to a standstill, the realty industry hopes the quantum of home loans will pick up after stability returns and eventually lift its fortunes.

Every person has a right to spend his or her money: PM Modi

Every person has a right to spend his or her money: PM Modi

Fri, Nov 25, 2016

Prime Minister Narendra Modi while speaking at a programme in the run up to the Constitution Day said on Friday that those accusing government of not being prepared for demonetisation were themselves not ready for the move, PTI reported.

Notes ban to significantly disrupt economic activity: Moody's

Notes ban to significantly disrupt economic activity: Moody's

Thu, Nov 24, 2016

Demonetisation will "significantly disrupt economic activity" and lead to weaker growth in near-term, though in the long run it can boost tax revenues and translate into faster fiscal consolidation, Moody's Investors Service said on Thursday.

Govt needs to be vigilant about sources of black economy: SBI Research

Govt needs to be vigilant about sources of black economy: SBI Research

Thu, Nov 24, 2016

The current size of digital banking is around Rs 1.2 lakh crore and this has to reach at least Rs 3 lakh crore.

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