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Demonetisation

Rs 2000 notes to be banned or not? All doubts cleared! Check latest news, answer directly from Modi government

Rs 2000 notes to be banned or not? All doubts cleared! Check latest news, answer directly from Modi government

Sat, Dec 14, 2019

Are you also worried about the unconfirmed reports/rumours spreading in the market that Modi government may soon take big step to ban Rs 2000 notes?

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!

Good news for homebuyers! Finally, branded real estate developers beat non-branded entities

Good news for homebuyers! Finally, branded real estate developers beat non-branded entities

Tue, Jul 30, 2019

In H1 2019 near 1,39,480 units in the top 7 cities i.e. over 53% were launched by branded developers, and 47% by non-branded entities.

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Even if 15-20% of transactions are cashless, it will be an achievement, says Santosh Kumar Gangwar

Even if 15-20% of transactions are cashless, it will be an achievement, says Santosh Kumar Gangwar

Sun, Dec 18, 2016

Union Minister Santosh Kumar Gangwar has said the government never talked of going 100% cashless, but even if the country achieves 15-20% success in going cashless it will be a big achievement.

Income tax exemption given only to registered political parties subject to certain conditions: CBDT

Income tax exemption given only to registered political parties subject to certain conditions: CBDT

Sat, Dec 17, 2016

After the government announced that political parties depositing old notes post demonetisation will be exempted from income tax, the CBDT issued a clarification on Saturday stating that the exemption from income tax is given to only registered political parties subject to certain conditions which

Axis bank-Noida: ED files money laundering case for forging customer's identity

Axis bank-Noida: ED files money laundering case for forging customer's identity

Sat, Dec 17, 2016

The Enforcement Directorate (ED) has registered a money laundering case in the alleged forging of a customer's identity to conduct huge illegal transactions in an Axis Bank branch in Noida for conversion of black funds into white post demonetisation.

New Notes: RBI mystifies with its mixed-up math

New Notes: RBI mystifies with its mixed-up math

Sat, Dec 17, 2016

Either the Reserve Bank of India (RBI) is uncharacteristically cavalier with the demonetisation-related figures it has given out periodically since November 8 or, more worryingly, its number crunchers are getting their math mixed up.

Uttar Pradesh receives Rs 5,000 crore from RBI to meet cash crunch

Uttar Pradesh receives Rs 5,000 crore from RBI to meet cash crunch

Sat, Dec 17, 2016

The Reserve Bank of India (RBI) on Saturday flew in Rs 5,000 crore in a heavily guarded cargo plane to cash parched Uttar Pradesh (UP), an official said.

Demonetisation was not a hurried decision: Amit Shah

Demonetisation was not a hurried decision: Amit Shah

Sat, Dec 17, 2016

The decision of demonetising higher currency notes was not taken in a hurry, Bharatiya Janata Party (BJP) President Amit Shah has said, adding that the decision was taken in consultation with Reserve Bank of India (RBI).

Deposit in bank acounts of political parties exempt from tax, says Hasmukh Adhia

Deposit in bank acounts of political parties exempt from tax, says Hasmukh Adhia

Sat, Dec 17, 2016

As it levies stiff penalties on unaccounted cash in banks, the government on Friday said political parties depositing old Rs 500 and Rs 1,000 notes in their accounts will be exempt from income tax.

I-T department sends 3,000 notices for high bank deposits post notes ban

I-T department sends 3,000 notices for high bank deposits post notes ban

Sat, Dec 17, 2016

Income Tax department (I-T) has issued around 3,000 notices to assessees for unmatched deposits in bank accounts, while it has seized a total of Rs 393 crore in cash and jewellery over the past five weeks.

The whole process of remonetisation will not take long time: Arun Jaitley

The whole process of remonetisation will not take long time: Arun Jaitley

Sat, Dec 17, 2016

Finance Minister Arun Jaitley on Saturday hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.

CBI registers cheating case against 15 customers on Paytm's complaint

CBI registers cheating case against 15 customers on Paytm's complaint

Sat, Dec 17, 2016

Acting on a complaint from digital wallet company Paytm, Central Bureau of Investigation (CBI) has registered a case against 15 customers of the company over allegations of cheating it to the tune of Rs 6.15 lakh.

RBI lowers MDR charges for up to Rs 2,000 payments via debit card

RBI lowers MDR charges for up to Rs 2,000 payments via debit card

Sat, Dec 17, 2016

To encourage digital transactions, the Reserve Bank of India (RBI) on Friday decided to slash MDR charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from January 1 to March 31.

Cess on cash handling, levy on digital payments minimal, says Amitabh Kant

Cess on cash handling, levy on digital payments minimal, says Amitabh Kant

Sat, Dec 17, 2016

Cash shortage following the demonetisation of high value currency notes will end by mid-January, NITI Aayog CEO Amitabh Kant said on Friday while hinting that cash handling would be dearer in future by way of a cess.

Undisclosed income of Rs 2600 crore unearthed since November 8

Undisclosed income of Rs 2600 crore unearthed since November 8

Fri, Dec 16, 2016

The Ministry said that while the searches have been carried out in 291 cases across the country, 295 cases have been covered by survey action.

Countless hours lost over demonetisation; parliament sees least productive session in 15 years

Countless hours lost over demonetisation; parliament sees least productive session in 15 years

Fri, Dec 16, 2016

In what has proven to be the ‘least productive session’ in parliament in 15 years, the issue of demonetisation disrupted the parliament repeatedly this winter.

Five ideas for tax saving if you have deposited idle cash

Five ideas for tax saving if you have deposited idle cash

Fri, Dec 16, 2016

This money deposited by you may have been received as gift or held by you as a reserve to meet exigencies.

Digital economy remains a 'no-show' as transactions fails to gain momentum

Digital economy remains a 'no-show' as transactions fails to gain momentum

Fri, Dec 16, 2016

As per RBI, in the month of November 2016, a total of 671.5 million transactions took place with a total value of Rs 94,004.2 billion.

Loans against property pose increased risk as demonetisation exposes quality risk

Loans against property pose increased risk as demonetisation exposes quality risk

Fri, Dec 16, 2016

With the availability of credit, it is easy for borrowers to refinance their debt.

BMW to have petrol options for all cars; rolls out new model

BMW to have petrol options for all cars; rolls out new model

Thu, Dec 15, 2016

The third largest luxury carmaker BMW India, which today launched the fourth model from its Mini stable here, hopes to have petrol variants for all its nearly a dozen models by next year.

Govt is emphasising on providing cash to rural areas, says Shaktikanta Das

Govt is emphasising on providing cash to rural areas, says Shaktikanta Das

Thu, Dec 15, 2016

He said notes seized from illegal accumulations are being put back into the circulation as soon as possible.

Govt announces 'Christmas Gift' of Rs 340 crore to spur digital payments

Govt announces 'Christmas Gift' of Rs 340 crore to spur digital payments

Thu, Dec 15, 2016

Amitabh Kant announced schemes which incentivise transactions as small as Rs 50 to Rs 3,000 to encourage digital payments.

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