Government run Bharat Sanchar Nigam Ltd (BSNL) on Saturday joined the club of other telecom operators by launching a new Rs 144 plan for its customers offering similar features. The plan, which is valid for
The Reserve Bank of India (RBI) has asked banks for details of cash deposits in demonetised currency notes since the decision was announced on November 8. In a notice issued by the RBI, banks have
The Central Board of Direct Taxes (CBDT) has extended the deadline for the tax settlement scheme to settle retrospective tax disputes till January 31. The Direct Tax Dispute Resolution Scheme, announced by Finance Minister Arun
The cap on cash withdrawal may not be necessary from January 1, as 250-300 million currency notes were being printed on a daily basis, Minister of State for Finance Santosh Gangwar has said. "I have
If there is one thing that has gripped the attention and discourse across the country, it is demonetization. On November 8, Prime Minister Narendra Modi announced the government’s decision to scrap 500- and 1000-rupee notes.
Fifty days after the government’s decision of demonetisation, India's central banker Reserve Bank of India (RBI) declined to give reasons behind the scrapping of Rs 500 and 1000 old notes, saying that the purposes for
In a move to provide further relief to demonetisation-hit people, the Reserve Bank of India (RBI) today gave borrowers another 30 days over and above 60 days for repayment of housing, car, farm and other
In a big push to its digital economy drive, the government has enrolled over 1 crore rural citizens for digital methods of payment through its outreach campaign 'DigiDhan Abhiyan', an official statement said today. The
In a significant move, the government today annulled the licenses of around 20,000 of the 33,000 existing Non-Governmental Organisations (NGOs) after they were found to be allegedly violating various provisions of the Foreign Contribution Regulation
The boardroom battle between Tata Sons’ current chief Ratan Tata and ex-chief Cyrus Mistry is turning murkier by the day. The latest development in this regard is that the ousted chairman Mistry has been slapped
The government today said that it aims to execute projects worth Rs 5 lakh crore under the ambitious Sagarmala initiative before the end of its tenure in May 2019. The Sagarmala project, which has projects
Amid the currency crunch that has gripped the country following the government’s demonetization move, Prime Minister Narendra Modi will take stock of the economy with experts at NITI Aayog Tuesday to discuss ways to speed
Cornering all criticism for turning India into a ‘cashless economy’, Union Finance Minister Arun Jaitley today explained that the term means use of less cash and not no cash. "Our bid to go cashless means
As currency printing presses and the Reserve Bank of India have not been able to keep up with the demand of new currency notes, restrictions on withdrawal of cash from banks and ATMs are likely
To avoid information leakage, the Central Board of Direct Taxes (CBDT) has asked the officials of Income Tax department to not drag official decisions to social media platforms like Twitter, Facebook and others. The policy-making
The government has capped prices of over 50 essential drugs including those used for treatment of HIV infection, diabetes, anxiety disorders, bacterial infections, angina and acid reflux, leading to a price cut in the range
The Delhi Metro Rail Corporation (DMRC) today announced that it will make 10 of its station cashless from January 1 by opting for digital payment app Paytm for token purchase and smart card recharge. The
Since the November 8 demonetisation of high-value currency notes, a large number of account holders in Madhya Pradesh and Chhattisgarh have deposited Rs 1 crore or more, an Incomes-Tax Department official said today. The depositors
Dubbing Prime Minister Narendra Modi's demonetisation move immoral, Steve Forbes, Editor-in-Chief of Forbes magazine, said the decision amounted to theft of people's property. "India's government perpetrated an unprecedented act that is not only dama
The Central Board of Direct Taxes (CBDT) today notified that traders receiving cash worth more than Rs 2 lakh in any single transaction for the sale of goods and services will have to send reports
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