Page 58 - Demonetisation

CBDT sends 3,000 notices for high bank deposits post notes ban

Sushil Chandra says CBDT is collecting data of all bank accounts, and analysing this data with the existing Income Tax data

Over Rs 8 lakh in new notes seized in Bengal

The seizure happened amid the increased police vigil in the state highways after repeated cases of illegal money transport

RBI to shortly issue Rs 500 notes in new series

RBI says foreign citizens will be allowed to exchange foreign exchange for Indian currency notes up to a limit of Rs 5,000 per week till Dec 31

Demonetisation effect: Ticketless penalty recovery drops on Western Railway

Penalty from ticket-less travellers in November went down by nearly 30 per cent as compared to the corresponding month of the last year

RBI slashes MDR charges on transactions by upto Rs 2,000

For transactions up to Rs 1,000, the MDR would be 0.25% of the value and for transactions above Rs 1,000 and up to Rs 2,000, the MDR charged would be capped at 0.5%

Demonetisation: Cracks surface in Opposition unity as Parliament winter session ends

SP, BSP, NCP and the Left parties skipped a joint march to President Pranab Mukherjee on the last day of the House

Tax officials uncover Rs 2,600 crore black money, seize Rs 393 crore

CBDT chairmen cautions black money holders that tax authorities are checking all data on deposits made in banks after Nov 8

Black money holders get last chance to disclose till March 2017

Those making disclosure would pay 50% tax on bank deposits made in scrapped currencies since Nov 9

Govt asks public to report on black money hoarders

The Revenue Secretary revealed that a dedicated team will analyse the information received through the email id

Government's latest scheme to declare black money opens Saturday: Adhia

There will be no immunity from criminal acts like Prevention of Money Laundering Act, Naroctics Act or for benami properties, says Hasmukh Adhia

Godrej Appliances cuts turnover target to Rs 3,500 for FY17

Godrej Appliance has also plans to strengthen the product portfolio of its premium brand NXW by adding washing machine category

RBI removes any charges on transactions upto Rs 1,000 settled on IMPS, USSD, UPI systems

Measures shall come into effect from January 1, 2017 and shall be applicable till March 31, 2017

Deposits exceeding Rs 2 lakh without linking PAN won't be operational

RBI says if bank account is not linked with PAN then balance of more than five lakh will not be operated

Govt to bring new design bank note in other denominations: Meghwal

About Rs 370 crore of cash and jewellery has been seized by the Income tax department since demonetisation, says Meghwal

' 72% who earlier used debit cards only for cash withdrawals, now making cashless purchases 3 times a week'

Delhi users have shown the maximum increase with 500% jump in cashless transactions

Cash shortage will end by mid-Jan 2017: NITI Aayog CEO Amitabh Kant

Kant heads the committee set up by the government to identify all possible modes of digital payment across sectors

Gold slumps to 10-month low, sheds Rs 500 on global weakness

Silver too dipped below the Rs 40,000-mark by tumbling Rs 1,350 to Rs 39,600 per kg on poor offtake by industrial units and coin makers

SC refuses to extend use of demonetised notes at govt utilities

Once again raps the Centre, asking it to fulfil the commitment of Rs 24,000 withdrawal per week

Supreme Court to pass order on use of demonetised Rs 500 notes

Court had earlier said Centre should adhere to its notification that allowed withdrawal of Rs 24,000/week from bank accounts

Note ban frontlines: Onion rates halve, farmers have no cash, can't go cashless

Onions, which were sold for Rs 1,000-1,200 per quintal in weeks before notebandi, are now sold for Rs 600-700 per quintal