Page 38 - Demonetisation

Union ministers skip Bengal investment summit

The Centre's relations with the state have soured since demonetisation

Note ban: I-T dept gets over Rs 300 crore declarations under PMGKY

Quarter of the total sum is to be parked in a non-interest bearing deposit for four years

Government spends Rs 3.09 per Rs 500 currency note: RTI

RBI buys the currency notes from the Bharatiya Reserve Bank Note Mudran Pvt Ltd

Air India will register operational profit in FY17: Jayant Sinha

Air India's performance would also depend on fuel prices, says Jayant Sinha

Congress protest outside RBI office against demonetisation in Hyderabad

Congress leaders and workers in large numbers organised a march on the road near RBI

Demonetisation: India pressed ahead with banknote ban despite RBI concerns

PM Modi's shock move has caused a severe cash shortage across the country

RBI working on plan to reduce online charges: Patel tells PAC

Urjit Patel met the public accounts committee today on questions over demonetisation

Section of bank unions threaten nation-wide strike on February 7

Unions are demanding publishing names of individuals who have defaulted in paying loans of Rs 1 cr

Banks to report cash payments, credit card bills of Rs 1 lakh to I-T

The CBDT has also set up an e-platform for the purpose of effecting such reporting.

ED arrests Surat-based Kishore Bhajiawala on money laundering charges

Financier allegedly used 1,000 fake IDs to convert Rs 1-cr old notes into new after demonetisation

Property, large deposits: Transactions that could get you under I-T lens

Here are some transactions that will come under Income Tax department's scrutiny

D-Street over demonetisation? Sensex valuation back to pre-note ban levels

Index is trading at 21.3x its underlying trailing 12-mth earnings, against 20.9x on Nov 8 last year

Credit growth slows after note ban

Banks lend Rs 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further

Modi's note ban drive seen biting into economic growth: Poll

The poll also suggested growth would remain below 7 percent in the first quarter of 2017

Govt mulls making Aadhaar card essential for subsidised grain

Centre said that states have promised to install digital payment system at ration shops by June

Bank deposits up 0.64% in Jan 6 fortnight

Banks witnessed surge in deposits scrapping of old high value notes worth Rs 20.15 trillion

RBI governor Urjit Patel to brief PAC on note ban on Jan 20

PAC members would also ask the RBI chief if the govt interfered in RBI's functioning

Post-note ban, mixed bag for consumer sector in 2017: Jefferies

Companies are also going to opt for calibrated price hikes, says Jefferies

Banks to report cash payment of Rs 1 lakh on credit card bills to I-T Dept

CBDT listed cash transactions that need to be reported to tax authorities and set up an e-platform

I-T dept writes to RBI; says co-op banks' cash records tampered with

The Income Tax Department has written to the RBI informing it about alleged illegal malpractices being deployed by a number of cooperative banks after its probe found "serious" difference in accounts, to the tune of multi-crore rupees, in the aftermath of the notes ban. In an analysis report prepared by the department, also accessed by PTI, two specific instances in Mumbai and Pune have been reported where it was found that over Rs 113 crore "excess amount" of old demonetised notes was reported by two banks to the banking regulator in order to generate black funds. "In the Pune bank case, the reported amount (to the RBI) was Rs 242 crore while physical stock was of Rs 141 crore, showing clearly that the cooperative bank had reported to the RBI excess Specified Bank Notes (old currency) as on December 23, 2016 to the tune of Rs 101.07 crore. In the case of a similar bank in Mumbai, the excess amount of such notes was Rs 11.89 crore," it said. The department had conducted surveys o