Demonetisation move has re-kindled debate on what could be ways to fight black money menace
Congress leader alleged that RBI had compromised with its autonomy
Patel said the global financial crisis led banks to do stress test and match risk appetites with risk taking capacity
RBI said that banking stability indicator shows that risks to the banking sector remained elevated
An Ordinance is valid for six months only
The outlook for the auto sector looks bullish post the normalisation of cash crunch
Post-demonetisation, MobiKwik has strengthened its offline staff to 10,000
After March, holding 10 old notes, giving wrong information will attract penalty
This relief applies to dues payable between November 1 and December 31
Dues payable after January 1, 2017 will be covered by the instructions for the respective entities
It was alleged that Income Tax Officer, Visakhapatnam had demanded a bribe of Rs 1.5 lakh
Gandhi demanded Modi to give reason behind 'snatching away people's financial independence'
BSE holds 50.05 per cent stake in CDSL
Tax evaders use old notes to pay tax due in previous scheme
An ordinance to extinguish the liability of the government and the RBI on the demonetised high denomination notes is likely to come up before the Union Cabinet tomorrow. Sources in the government said the ordinance is being brought as it was found to be necessary to prevent future litigations against the government for junking Rs 500 and Rs 1,000 notes. Seeking to prevent harassment and any ambiguity, a proviso would be added to ensure that certain category of people can still deposit the old notes in RBI branches between December 31 and March 31 next, they said. The category may include people in armed forces, people who were abroad and ordinary citizens who can explain that the money is part of their legitimate income and they could not deposit it in banks due to some reasons. The government is also mulling imposing penalty on people for possessing certain quantity of old notes after December 30 but there is no confirmation. In 1978, a similar ordinance was issued to end th
Such a move will help bring a much-needed clarity to the centre's estimates of demonetised amount
Narendra Modi said his fight was for the honest people of the country
On November 8, the government announced that Rs 1,000 and Rs 500 notes were no longer legal tender
The seized cash was handed over to Income Tax officials, who are further probing the case
No respite from graft, move has only added to misery of the poor, note ban a complete flop