Following the Organisation of Petroleum Exporting Countries' (Opec) decision to cut crude oil production by 1.2 million barrels per day (mpbd), the price of petrol is expected to go up by 5-8 per cent and
The Ministry of Finance today said that approximately Rs 2000 crore of untaxed income has been disclosed since demonetisation. In a statement issued today, the ministry said that the Income-Tax department probed over 400 cases
Fake Indian Currency Notes (FICN) seized from various parts of the country amounted to Rs 43.83 crore in 2015, whereas such notes worth Rs 27.79 crore were recovered till September 2016, Lok Sabha was informed
The government's demonetisation move was to incur "heavy damage to the economy in long term" and cash-less digital payment system "may not be helpful as being thought", experts said today. In a discussion on 'State
The huge cash crunch in the country has resulted in weakening of India's service sector this November, ending a 16-month sequence of expansion. The Nikkei India Services Business Activity Index sharply fell to 46.7 in
Aggravated over "No Cash" messages displayed outside banks and ATMs, residents of east Delhi started to worship ATM machine, praying that it dispenses some cash. The unique worhip was organised in east Delhi's Jagatpuri area,
As micro-ATMs and POS counters registered a sharp surge in usage post demonetisation, customers, bankers and traders have been cautioned against skimming and malware attacks on these systems. CERT-In, country's premier cyber security agency, has
After releasing new Rs 500 and Rs 2000 currency notes, the Reserve Bank of India (RBI) will shortly issue new Rs 50 and Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005. "The design and
Mahesh Shah, who came under the microscope of the Income Declaration Scheme (IDS) post a surprising disclosure Rs 13,860 crore in unaccounted wealth, seems to have taken a U-turn as he today said he was
Union labour minister Bandaru Dattatreya today said that the Payment of Wages Act would be amended soon so that workers get all payments through bank accounts or cheques. "All payments to workers will be given
While all major Indian cities are reeling under the government's demonetisation move, Bengaluru isn't facing many issues due to the cash crunch. The Confederation of Real Estate Developers' Association of India (CREDAI) has put Bengaluru
Alarmed over deposition of fake currency notes worth Rs 9.6 crore in banks post demonetisation, the central government has asked the Reserve Bank of India (RBI) to increase the vigil and set up a Special
In a first, Indian dairy cooperative Amul today said it will launch camel milk in the country in next three months. Amul will first start selling camel milk in Ahmedabad and will later launch it
The government’s push towards a cashless society and curtailing the use of physical currency in the country could hit ATM businesses in India. Experts believe ATM players may find their business in a flux in
The Associated Chambers of Commerce of India (Assocham) on Friday has sought an exemption for industries from the Rs 50,000 cap stipulated for current accounts by the government, saying thr amount was too low and
In a one of its kind case regarding unaccounted income, the Income Tax (I-T) department has under its scanner a businessman based out of Ahmedabad, who had voluntarily declared Rs 13,000 crore worth income.
Indian consumer Electronics Company on Thursday announced a partnership with hotel brand OYO to provide customers of its devices a 'seamless booking experience' as well as exclusive deals. Micromax users will be able to avail
In a view to empower a greater push towards a cashless economy, the Unique Identification Authority of India (UIDAI) has planned to increase biometric authentication limit through Aadhaar to 40 crore a day from the
US-based digital security organization FireEye has asserted that it has found malicious phishing sites created by cyber criminals that farce 26 Indian banks to take individual data from clients. FireEye identified a new domain (csecurepay[.]com)
Prime Minister Narendra Modi appears to be unflinching in his resolve to make India a cashless economy. In a move that is bound to cut red-tape and bring transparency into the system, PM Modi has
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