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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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Shell Companies: SFIO to probe 18 cos for suspicious transactions post note ban

Shell Companies: SFIO to probe 18 cos for suspicious transactions post note ban

Sun, Dec 03, 2017

After striking off names of around 2.24 lakh companies from the official records for being inactive for long and disqualifying more than 3 lakh directors, the corporate affairs ministry is carrying out data mining to gather more details.

Double digit loan growth possible next year, says HDFC Bank

Double digit loan growth possible next year, says HDFC Bank

Sun, Dec 03, 2017

After clocking just under 10% growth for almost a year, credit expansion fell to under 5% starting November 2016. Since then it has been struggling to cross the double digit mark on sustained basis due to the impact of demonetisation and the implementation of Goods and Services Tax (GST).

FPIs inflow hit 8-month high in November; injects over Rs 19,700 crore

FPIs inflow hit 8-month high in November; injects over Rs 19,700 crore

Sun, Dec 03, 2017

The strong inflow could be largely attributed to the government's decision to recapitalise public-sector banks, which is expected to enhance lending and propel economic growth, said Morningstar India's senior analyst manager (research) Himanshu Srivastava.

Growth to pick up to 7.6% in second half of this fiscal: Crisil

Growth to pick up to 7.6% in second half of this fiscal: Crisil

Fri, Dec 01, 2017

The agency said "Gross value-added (GVA) growth, which measures the economy from the producer or supply side – and is supposed to be a better measure of economy activity – improved to 6.1% in Q2 from 5.6% in Q1, largely on account of revival in industrial activity."

India's economic growth may rebound as demonetisation, GST impact fades

India's economic growth may rebound as demonetisation, GST impact fades

Thu, Nov 30, 2017

Finance Minister Arun Jaitley said that India has standardised itself for a 7-8 per cent growth rate on the back of improving macroeconomic fundamentals.

Will India's GDP reverse course in Q2FY18?

Will India's GDP reverse course in Q2FY18?

Wed, Nov 29, 2017

Niti Aayog's Vice-Chairman Rajiv Kumar earlier expressed his confidence stating that India's economic growth in Q2FY18 is expected to soar between 7% and 7.5%. Considering an economist's forecast, this number was a higher projection.

LIC's Jeevan Akshay plan may be stopped from next month

LIC's Jeevan Akshay plan may be stopped from next month

Wed, Nov 29, 2017

To opt for Jeevan Akshay, a minimum age requirement is 30 years, while maximum is 65 years. A person can start this plan by making a minimum investment of Rs 1 lakh, however there is no maximum limit.

LIC's to stop Jeevan Akshay plan from next month

LIC's to stop Jeevan Akshay plan from next month

Wed, Nov 29, 2017

To opt for Jeevan Akshay, a minimum age requirement is 30 years, while maximum is 65 years. A person can start this plan by making a minimum investment of Rs 1 lakh, however there is no maximum limit.

Income Tax notices to 1.16 lakh for cash deposit of over Rs 25 lakh

Income Tax notices to 1.16 lakh for cash deposit of over Rs 25 lakh

Tue, Nov 28, 2017

The tax department has combed as many as 18 lakh people who had deposited junked 500 and 1000 rupee currency notes of over Rs 2.5 lakh each post demonetisation.

Taxmen asked to slap higher tax rate on fraudulently revised ITR

Taxmen asked to slap higher tax rate on fraudulently revised ITR

Mon, Nov 27, 2017

The CBDT has earlier directed the assessing officers to check the “genuineness and creditworthiness” of those people to whom the assessee has reported the additional sales in the revised returns, after the note ban.

Demonetisation drive was meant to cleanse the system: Adhia

Demonetisation drive was meant to cleanse the system: Adhia

Sun, Nov 26, 2017

The Indian government on November 8, 2016 started the demonetisation drive by banning high denomination Rs 500 and Rs 1,000 currency notes.

Import of Chinese tyres has started to decline: ATMA

Import of Chinese tyres has started to decline: ATMA

Sun, Nov 26, 2017

"Now you can say the Chinese imports have become less than half. During the demonetisation month (November 2016), it dropped by 20 per cent. GST coupled with anti-dumping duty, it has started to sink further," ATMA chairman Satish Sharma told reporters here.

Cheque, cash transactions moderate post demonetisation: RBI study

Cheque, cash transactions moderate post demonetisation: RBI study

Sat, Nov 25, 2017

Demonetisation were meant for flushing out black money, eliminate Fake Indian Currency Notes (FICN), to strike at the root of financing of terrorism and to give a big boost to digitalisation of payments to make India a less cash economy.

India passing through fast formalisation of economy: Jaitley

India passing through fast formalisation of economy: Jaitley

Sat, Nov 25, 2017

Speaking at a State Bank of India (SBI) event here, he said India is seeing "the replacement of a cash dominated economy with a more formal and digitised economy. One of the great changes will be the way India spends its money".

RBI study claims major drop in cash payments after note-ban

RBI study claims major drop in cash payments after note-ban

Sat, Nov 25, 2017

The government had on November 8 last year surprisingly cancelled all the banknotes in the Rs 1,000 and 500 denominations, which was around 86% of the money in circulation, with multiple objectives.

No plans to withdraw bank cheque book facility, says Govt

No plans to withdraw bank cheque book facility, says Govt

Fri, Nov 24, 2017

The government has clarified that it has no plans on scrapping the cheque book facility of banks.

Demonetisation resulted in 56 lakh people becoming IT payees: VP

Demonetisation resulted in 56 lakh people becoming IT payees: VP

Thu, Nov 23, 2017

The demonetisation exercise undertaken by the government last year has resulted in 56 lakh people joining the ranks of Income Tax payees, Vice President Venkaiah Naidu said here today.

No escape for Benami deals; govt may link Aadhar with land transactions

No escape for Benami deals; govt may link Aadhar with land transactions

Wed, Nov 22, 2017

Benami Transactions (Prohibition) Act forbids certain types of financial transactions. The 'benami' is defined as any transaction in which property is transferred to a person for certain consideration by another person.

From GST to bank reforms, here's what Arvind Subramanian said about Indian economy

From GST to bank reforms, here's what Arvind Subramanian said about Indian economy

Tue, Nov 21, 2017

Talking on list of factors in regards to Indian economy, the CEA Arvind Subramanian laid out various measures which the government can adapt for the country's long term prosperity.

Moody's upgrade for India positive, but short-term reality, risks remain

Moody's upgrade for India positive, but short-term reality, risks remain

Tue, Nov 21, 2017

After more than a decade, India witnessed first upgrade by Moody's Investor service on its economic outlook. This is expected to be followed by another two major rating agencies.

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