Page 10 - Black Money

Watch: Banks reopen today, people throng to deposit old notes

Several banks have announced extended working hours on Thursday with dedicated counters for exchanging currency notes

Watch out for the 200% penalty: Deposit only what you can account for

The tax defaulter could also attract prosecution under Section 276C of the Act, with imprisonment from three months to seven years with fine

200% penalty for income mismatch, banks open on Sunday: What you should know about demonetisation

Mismatch between deposited sum and income declared would attract up to 30% income tax and 200% of tax liability as penalty

Modi's black money gambit bold but govt must manage uncertainty

Demonetisation move has in one stroke taken around Rs 3 lakh crore out of the system.

Congress rubbishes PM Modi's claim of curbing black money by demonetisation

Chidambaram wondered how the move to issue new notes will help curb black money

Scrapping Rs 500 & Rs 1,000 notes has worried people with black money: Arun Jaitley

FM Jaitley said that political funding would also be impacted by the move

Scrapping Rs 500 & 1,000 notes: Why India's start-ups are rejoicing

Cash on delivery has long been a pain point for start-ups, reports Tech in Asia

Demonetisation of Rs 500 and Rs 1000 notes: Farmers fear missing out on sowing time

There is a widespread panic among farmers, who were preparing for the next Rabi season

Day after scrapping of Rs 500, 1,000 notes, banks remain shut

Anticipating panic and rush at bank counters, the Reserve Bank of India as well as the government has set up control rooms in Mumbai and Delhi

Delhi Metro to accept old-high denomination notes till Saturday

The Rs 500 and Rs 1,000 bank notes were withdrawn from circulation with effect from midnight

New currency notes in ATMs from Nov 11: Govt

The ATMs will open day after tomorrow and at many places they will open tomorrow

Economic terror forced Modi to abolish Rs 1,000 notes

Only time will tell whether cross border currency counterfeiters catch up or the Modi government succeeded in fortifying India against the devastating impact of cross border economic terror.

Cash withdrawal limits to ease with supply of new notes: Govt

This is the first time since 1978 the government has withdrawn money from circulation

Modi's surgical strike on black money will drastically effect Rs 96,000 cr used-car market

Bulk of the transactions in the used-car market gets settled in cash payments, chunk of which is believed to be black money

Black money, terrror financing, fake notes: Why Modi banned Rs 500 and 1000 notes

These drastic moves are aimed at fighting black money and the circulation of fake notes, reports Tech in Asia

Banks will have to extend working hours from Thursday to exchange notes

The Reserve Bank of India has directed both private and public sector banks to keep the counters open for extended hours

Scrapping Rs 1,000 & 500 notes: Cash-for-vote will not be possible anymore

The sudden announcement will also directly affect black money hoarded by Indians

Need Rs 100 notes? Here are rules for using ATMs, cheques this week

Certain limits have been placed on how much cash can be withdrawn from ATMs and cheques; ATMs to be closed for two days

No, there is no chip in the Rs. 2000 note. This is what they look like

Currency notes of Rs 500 and Rs 1,000 denomination that are currently in circulation will no longer be legal money

I am a foreign tourist with Rs 500, Rs 1000 notes. What can I do?

Existing currency notes of Rs 1, 2, 5, 10 and 100 denomination as well as coins continue to be legal and could be used for buying and selling.