Cash Ban
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Signs of Rural India, Especially Uttar Pradesh, Recovering From Cash Ban
India's vast rural hinterland, which makes up 70 percent of the population, is showing signs of recovery from last year's cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor.
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Bouncing Back From Cash Ban, India Chasing V-Shaped Recovery
India's surprising economic strength last quarter will only renew debate over how much its unprecedented cash ban has curtailed growth and how quickly activity will bounce back.
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Tax Department Labels 9 Lakh Accounts Under Operation Clean Money 'Doubtful'
The Income-Tax department has placed nearly half of the 18 lakh people, already under its scanner for suspicious bank deposits post cash-ban, in the 'doubtful' category, but stopped short of taking any action against them till the new tax amnesty scheme ends on March 31.
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5 Months Before Notes Ban, Centre Okayed New Currency, Reveals RTI
The design of the new Rs 2,000 and Rs 500 notes were approved by the government on June 7, 2016 - a full five months before it announced that existing high denomination currency bills would no longer be valid. This was revealed by the Reserve Bank of India in response to a Right To Information request filed by NDTV.
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CBI Conducts Searches At 13 Places In Surat, Files 2 Cases Of Forgery
CBI registered cases against bank officials, two businessmen and their associates for depositing over Rs 60.5 crore in alleged fake bank accounts post-demonetisation, the central agency said today.
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Arun Jaitley Says 2017 Will Witness Indirect Tax Reform, Further Growth
Union minister Arun Jaitley, in his New Year message today, held out hope for the reform of indirect tax in 2017. Calling 2016 a "successful year" owing to the introduction of the government's flagship Goods and Services tax in parliament, he said, "There will be more money with the government and hence more to spend".
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Congress To Intensify Agitation Against Demonetisation: Mumbai Party Chief Sanjay Nirupam
Congress would intensify its protest against demonetisation with a series of agitations in coming days, party's Mumbai unit chief Sanjay Nirupam said in Mumbai.
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Hyderabad Businessman Arrested For 98 Crores 'Black Money' Deposits In Banks
A city-based businessman was arrested on Wednesday for allegedly cheating and generating 'fake and fictitious' advance payment receipts to deposit "black money" to the tune of Rs 98 crore in banks following the ban of 500 and 1000-rupee notes last month.
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Notes Ban Shows PM Modi's Skill In Rebranding The Message
In what will be a busy year of state elections, economists are slashing India's growth forecasts because Prime Minister Narendra Modi's unprecedented cash clampdown is denting demand. The experiment has missed its first marker of success and the almost-daily regulatory flip flops are enraging citizens.
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Delhi Government To Make Payments Above Rs 5,000 Electronically
The Delhi government has asked all its departments to make electronic payments to suppliers, contractors and institutions if the order value exceeds Rs 5,000.
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RBI's Container Carrying Scrapped Notes Fined For Overloading
A container truck hired by Reserve Bank of India (RBI) to carry demonetised currency notes from Bhilai in Chhattisgarh to Nagpur, was stopped at Deori border check-post in Gondia district and penalised for overloading, by the Regional Transport Office (RTO).
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Parties Opposing Notes Ban Like Pakistan's Cover Fire To Terrorists: PM Narendra Modi
Prime Minister Narendra Modi, attacking the opposition for stalling the parliament over currency ban, alleged that they were trying to "rescue the corrupt" like Pakistan gives cover fire to terrorists to cross border and said the note ban will expose the 'kala dhan' (black money) as well as 'kale mann' (ill-intentions) of many.
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Bihar Chief Minister Nitish Kumar To Join Anti-Note Ban Protest: Lalu Prasad
RJD chief Lalu Prasad on Tuesday said Bihar Chief Minister Nitish Kumar will join him in a protest against demonetisation.
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Cash Crunch To Normalise By February 2017: State Bank Of India Report
Around 75 per cent of the total value of scrapped notes is expected to be back in the system by January-end and complete normalcy is likely in next two months, says a report.
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On November 8, Reserve Bank Had A Third Of Money Being Banned In New 2,000-Rupee Notes
On November 8, the day Prime Minister Narendra Modi announced that Rs 100 and Rs 500 notes will be scrapped, the Reserve Bank had Rs 4.94 lakh crore in 2,000-rupee notes in its possession. This is roughly 30 per cent of the Rs 15.44 lakh crore that was circulating in 500 and 1,000 rupee notes at the time.
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Signs of Rural India, Especially Uttar Pradesh, Recovering From Cash Ban
India's vast rural hinterland, which makes up 70 percent of the population, is showing signs of recovery from last year's cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor.
-
Bouncing Back From Cash Ban, India Chasing V-Shaped Recovery
India's surprising economic strength last quarter will only renew debate over how much its unprecedented cash ban has curtailed growth and how quickly activity will bounce back.
-
Tax Department Labels 9 Lakh Accounts Under Operation Clean Money 'Doubtful'
The Income-Tax department has placed nearly half of the 18 lakh people, already under its scanner for suspicious bank deposits post cash-ban, in the 'doubtful' category, but stopped short of taking any action against them till the new tax amnesty scheme ends on March 31.
-
5 Months Before Notes Ban, Centre Okayed New Currency, Reveals RTI
The design of the new Rs 2,000 and Rs 500 notes were approved by the government on June 7, 2016 - a full five months before it announced that existing high denomination currency bills would no longer be valid. This was revealed by the Reserve Bank of India in response to a Right To Information request filed by NDTV.
-
CBI Conducts Searches At 13 Places In Surat, Files 2 Cases Of Forgery
CBI registered cases against bank officials, two businessmen and their associates for depositing over Rs 60.5 crore in alleged fake bank accounts post-demonetisation, the central agency said today.
-
Arun Jaitley Says 2017 Will Witness Indirect Tax Reform, Further Growth
Union minister Arun Jaitley, in his New Year message today, held out hope for the reform of indirect tax in 2017. Calling 2016 a "successful year" owing to the introduction of the government's flagship Goods and Services tax in parliament, he said, "There will be more money with the government and hence more to spend".
-
Congress To Intensify Agitation Against Demonetisation: Mumbai Party Chief Sanjay Nirupam
Congress would intensify its protest against demonetisation with a series of agitations in coming days, party's Mumbai unit chief Sanjay Nirupam said in Mumbai.
-
Hyderabad Businessman Arrested For 98 Crores 'Black Money' Deposits In Banks
A city-based businessman was arrested on Wednesday for allegedly cheating and generating 'fake and fictitious' advance payment receipts to deposit "black money" to the tune of Rs 98 crore in banks following the ban of 500 and 1000-rupee notes last month.
-
Notes Ban Shows PM Modi's Skill In Rebranding The Message
In what will be a busy year of state elections, economists are slashing India's growth forecasts because Prime Minister Narendra Modi's unprecedented cash clampdown is denting demand. The experiment has missed its first marker of success and the almost-daily regulatory flip flops are enraging citizens.
-
Delhi Government To Make Payments Above Rs 5,000 Electronically
The Delhi government has asked all its departments to make electronic payments to suppliers, contractors and institutions if the order value exceeds Rs 5,000.
-
RBI's Container Carrying Scrapped Notes Fined For Overloading
A container truck hired by Reserve Bank of India (RBI) to carry demonetised currency notes from Bhilai in Chhattisgarh to Nagpur, was stopped at Deori border check-post in Gondia district and penalised for overloading, by the Regional Transport Office (RTO).
-
Parties Opposing Notes Ban Like Pakistan's Cover Fire To Terrorists: PM Narendra Modi
Prime Minister Narendra Modi, attacking the opposition for stalling the parliament over currency ban, alleged that they were trying to "rescue the corrupt" like Pakistan gives cover fire to terrorists to cross border and said the note ban will expose the 'kala dhan' (black money) as well as 'kale mann' (ill-intentions) of many.
-
Bihar Chief Minister Nitish Kumar To Join Anti-Note Ban Protest: Lalu Prasad
RJD chief Lalu Prasad on Tuesday said Bihar Chief Minister Nitish Kumar will join him in a protest against demonetisation.
-
Cash Crunch To Normalise By February 2017: State Bank Of India Report
Around 75 per cent of the total value of scrapped notes is expected to be back in the system by January-end and complete normalcy is likely in next two months, says a report.
-
On November 8, Reserve Bank Had A Third Of Money Being Banned In New 2,000-Rupee Notes
On November 8, the day Prime Minister Narendra Modi announced that Rs 100 and Rs 500 notes will be scrapped, the Reserve Bank had Rs 4.94 lakh crore in 2,000-rupee notes in its possession. This is roughly 30 per cent of the Rs 15.44 lakh crore that was circulating in 500 and 1,000 rupee notes at the time.
