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No more chances to deposit demonetised notes, Govt tells Supreme Court

No more chances to deposit demonetised notes, Govt tells Supreme Court

Tue, Jul 18, 2017

The Central government on Monday refused to give another opportunity to exchange demonetised currency notes of Rs 500 and 1,000 to those who couldn`t do it by the deadline of December 30, 2016, saying this would defeat the very objective of eliminating black money.

Demonetisation no ground for banking ombudsman to handle complaints: RBI

Demonetisation no ground for banking ombudsman to handle complaints: RBI

Sun, Jul 09, 2017

The central bank said that demonetisation is not one of the 27 grounds under which a customer can lodge a complaint with the Banking Ombudsman.

I-T begins action under Benami Act; issues 87 notices; attaches 42 assets worth crores

I-T begins action under Benami Act; issues 87 notices; attaches 42 assets worth crores

Tue, Jan 31, 2017

To slap the stringent provisions of the Benami Transactions Act was taken after analysing serious cases.

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Demonetisation: Government may offer second chance to deposit old notes of Rs 500 & Rs 1,000

Demonetisation: Government may offer second chance to deposit old notes of Rs 500 & Rs 1,000

Thu, Jan 26, 2017

The Government of India may give a second chance to citizens of the country to deposit old currency notes of Rs 500 and Rs 1,000.

RBI may remove weekly cash withdrawal limits by February-end: Bankers

RBI may remove weekly cash withdrawal limits by February-end: Bankers

Thu, Jan 26, 2017

Bankers have said that the Reserve Bank of India is likely to remove the weekly cash withdrawal limits for banks as well as ATMs by the end of February this year.

Note ban can do little to stop future black money flow: Assocham

Note ban can do little to stop future black money flow: Assocham

Tue, Jan 17, 2017

The study pointed out that high denomination currency withdrawal is not without some inherent problems.

RBI may hike weekly cash withdrawal limit to Rs 40,000: Source

RBI may hike weekly cash withdrawal limit to Rs 40,000: Source

Mon, Jan 16, 2017

The hike in the cash withdrawal limit also comes ahead of the presentation of the annual budget on February 1.

Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30

Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30

Sat, Dec 31, 2016

Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.

Full text: Here's what FM Jaitley said on remonetisation

Full text: Here's what FM Jaitley said on remonetisation

Thu, Dec 29, 2016

Just two days before the deadline of depositing old notes in banks, Jaitley hailed the whole demonetisation move.

No jail term for holding demonetised notes: Reports

No jail term for holding demonetised notes: Reports

Thu, Dec 29, 2016

The ordinance has been brought to cancel the validity of these old notes.

Year of exits at RBI: First Rajan, then old notes!

Year of exits at RBI: First Rajan, then old notes!

Wed, Dec 28, 2016

First, it was outspoken Raghuram Rajan and then old Rs 500/1,000 notes, including those bearing his signature -- 2016 saw them exit the Mint Street riding such big waves of controversies that their ripple effect is bound to be felt in the new year.

WATCH: Top 5 stories of this afternoon; From NSE Nifty nearing 8,050-mark to NITI Aayog suggesting 7% custom duty on manufacturing

WATCH: Top 5 stories of this afternoon; From NSE Nifty nearing 8,050-mark to NITI Aayog suggesting 7% custom duty on manufacturing

Wed, Dec 28, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments.

Cabinet approves ordinance; jail-term for holding old currency post March 31, 2017

Cabinet approves ordinance; jail-term for holding old currency post March 31, 2017

Wed, Dec 28, 2016

Cabinet on Wedneday passed an Ordinance making it illegal for any citizen to keep demonetised notes of Rs 500 and Rs 1000 in their possession.

WATCH: Top 5 stories of this morning; From upcoming budget likely to provide relief in direct, corporate taxes to Cabinet to make ordinance on old note holders today

WATCH: Top 5 stories of this morning; From upcoming budget likely to provide relief in direct, corporate taxes to Cabinet to make ordinance on old note holders today

Wed, Dec 28, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments.

Notes Ban: Govt likely to come up with ordinance before Cabinet today

Notes Ban: Govt likely to come up with ordinance before Cabinet today

Wed, Dec 28, 2016

In an attempt to put an end to the liability of the government and the Reserve Bank of India (RBI) on the demonetised high value notes, the government is likely to come up with an ordinance before the Union Cabinet on Wednesday, PTI reported on Tuesday.

24 lakh people have income above Rs 10 lakh but 25 lakh cars bought every year

24 lakh people have income above Rs 10 lakh but 25 lakh cars bought every year

Tue, Dec 27, 2016

The tax returns when compared with car sales throw astonishing numbers.

You won't be able to hold old Rs 500, Rs 1000 notes as souvenirs if Modi Govt has its way

You won't be able to hold old Rs 500, Rs 1000 notes as souvenirs if Modi Govt has its way

Tue, Dec 27, 2016

Modi Government is planning to prepare an ordinance to impose penalties on anyone possessing old notes beyond December 30, 2016, PTI reported on Tuesday.

Problems caused by demonetisation are easing: Chandrababu Naidu

Problems caused by demonetisation are easing: Chandrababu Naidu

Mon, Dec 26, 2016

The 13-member committee is expected to meet on December 28 again.

Can make payments towards tax, surcharge, penalty in old notes under PMGKY: FinMin

Can make payments towards tax, surcharge, penalty in old notes under PMGKY: FinMin

Thu, Dec 22, 2016

On November 29, the Lok Sabha had passed by a voice vote a bill to amend the income tax laws.

New demonetisation diktat: Now amount exceeding Rs 5000 to be deposited only once till December 30

New demonetisation diktat: Now amount exceeding Rs 5000 to be deposited only once till December 30

Mon, Dec 19, 2016

Till now, the Government had allowed citizens to allow as much in their bank accounts.

Pain before gain for Indian banks after Narendra Modi's cash gamble

Pain before gain for Indian banks after Narendra Modi's cash gamble

Mon, Dec 19, 2016

India`s shock move to abolish high-value banknotes was expected to deliver a windfall to lenders, and banks have indeed seen coffers swell after people deposited Rs 12,40,000 crore ($183 billion) in cash into the system.

Political parties can't accept old notes in donation; tax exemption rules unchanged: Arun Jaitley

Political parties can't accept old notes in donation; tax exemption rules unchanged: Arun Jaitley

Sun, Dec 18, 2016

In a bid to clear the air on tax exemption to political parties, Finance Minister Arun Jaitley said on Saturday they can not accept donations in old Rs 500 and Rs 1,000 notes since these bills were junked last month and clarified that there is no new exemption granted.

Rs 13 lakh crore in old notes deposited in banks post demonetisation, says Govt

Rs 13 lakh crore in old notes deposited in banks post demonetisation, says Govt

Thu, Dec 15, 2016

The government on Thursday informed the Supreme Court that Indian banks have received Rs 13 lakh crore old notes in cash deposits after the demonetisation announcement on November 8.

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