Page 8 - Demonetisaton

Demonetisation broke backs of terrorism, fake currency smuggling: Modi

Prime Minister Narendra Modi on Tuesday said demonetisation had broken the backs of terrorism, drug and fake currency smuggling and human trafficking.

Demonetisation puzzle: How will PM's black money scheme work after Dec 30?

Old Rs 1,000, Rs 500 notes will not be allowed to be deposited in banks post Dec 30

Ordinance planned to impose penalty for holding junked notes

Reports said that there could be a cap of holding no more than 10 notes of each after December 30

Delhi govt to make payments above Rs 5,000 electronically

Earlier this month, Centre had lowered threshold for making such payments from Rs 10,000 to Rs 5,000

Lalu Prasad's family uses social media to denounce demonetisation

Demonetisation has created joblessness, family members of Lalu Prasad have said on social media

Govt has no intention to impose long-term capital gains tax: FM

Jaitley says PM Modi's Saturday speech in Mumbai had been wrongly interpreted

Mathura sari industry hit by demonetisation

Factory owners believe that the government needs to come up with concrete solutions to end their sufferings

Notebandi: BJP banks on SP, BSP's 'empty' coffers

BJP says SP is registering its presence only through official functions hosted by CM Akhilesh

Demonetisation: Cash crunch puts Solapur's beedi workers in a bind

The last of a six-part series looks at their plight after five weeks of demonetisation

Note ban: I-T dept detects Rs 3,651 crore undisclosed income

Official sources said the taxman has carried out a total of 785 searches, survey and enquiry operations

India's growth to stay unchanged at 7.1% in 2017: Nomura

Some of the reforms that might hurt growth in near term are demonetisation, implementation of GST

RBI numbers show drop in digital commerce, but firms talk of record growth

It said that transaction value of top eight players was around Rs 1,320 crore during the month

With new notes in short supply, banks unable to give out Rs 24,000 a week

Banks have reported that banknotes worth Rs 5,92,613 crore have been issued to the public

Realtors deal in banned notes, rescue buyers straddled with old currency

According to rating agency Fitch, the note ban is expected to reduce home sales by 20-30% in 2017

Old 500,1000 rupee notes can be used for payment under PMGKY

Payment of tax, surcharge and penalty under the scheme is to be made through challan ITNS- 287

Over 2 lakh farmers open mobile banking accounts; 81K turn to e-wallet

Govt expects numbers to double in around 1-2 months

Note ban: Income Tax dept detects Rs 3,590 crore undisclosed income

The department has seized cash and jewellery worth over Rs 505 crore during the same period

Stage set for PM Modi's big bonanza for Jan Dhan account holders

The number of people with zero balance Jan Dhan accounts increased manifold post demonetisation

ED, CBI conduct multiple searches at cooperative banks in Kerala

The Enforcement Directorate (ED) on Thursday conducted inspections in the state cooperative banks of Kannur, Kozhikode and Thrissur.The Central Bureau of Investigation (CBI) also conducted inspection in Kollam and Malappuram districts.The officials examined the documents of huge deposits after November 8 to 14, fake accounts and hawala deposits.The ED earlier on December 1 raided multiple hawala operators across the country involved in illegal conversion of old currency notes of Rs. 500 and Rs. 1,000 to valid legal tender since demonetisation on November 8.The ED raided multiple locations in Delhi, Mumbai, Kolkata, Hyderabad, Bengaluru, Ahmedabad, Chennai among others based on intelligence gathered by the agency.Two days after Prime Minister Narendra Modi announced scrapping of Rs. 500 and Rs 1,000 notes to curb corruption and black money, the Income Tax department raided several hawala dealers and jewellers across the country for cutting barter deals with people to convert invalid ...

Bank officers hold demonstration at RBI offices across India

Besides Delhi, demonstrations were held at various offices of RBI