The Supreme Court today asked the central government to explain the reason behind the Reserve bank of India (RBI) changing its stand on citizens depositing old currency notes till March 31.
Reliance Industries Chairman Mukesh Ambani on Saturday lauded Prime Minister Narendra Modi for his demonetisation move and digital drives.
The Special Investigation Team (SIT) on black money revealed on Friday that after demonetisation, the central government has collected around Rs 6,000 crore as tax on unexplained cash deposits so far.
According to the government’s reply in the Parliament on Wednesday, the cost of printing a new Rs 500 currency note is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for a Rs 2,000 note.
The Supreme Court on Friday said that its order seeking the prompt replies from the Centre and the RBI on a plea against alleged tweaking of rules on exchange of demonetised currency was intended to
The Finance Ministry has refused to disclose whether its boss Arun Jaitley was consulted before the announcement of demonetisation by Prime Minister Narendra Modi.
Finance Minister Arun Jaitley on Friday said the currency notes scrapped by his country on November 8 last year but still in Nepal's financial system will be exchanged soon.
Congress vice-president Rahul Gandhi has said the Narendra Modi government's decision to demonetise high-value currency notes was a "fundamental failure of policy design".
The government has asked all banks to provide mobile banking facility to all customers by the end of the current fiscal.
The government’s decision to scrap old Rs 500 and Rs 1,000 notes, in an attempt to fight corruption and black money, will have a profound and positive impact on India’s economy, World Bank CEO Kristalina Georgoieva has said.
Acting on a plea alleging that the Bahujan Samaj Party (BSP)deposited huge amounts of cash in its accounts post demonetisation, the Election Commission (EC) on Thursday sought response from the party.
Finance Minister Arun Jaitley today said a 7 per cent expansion in third quarter belies exaggerated claims of note ban impact on rural economy.
Prime Minister Narendra Modi today took potshots at economists saying that hard work is more powerful than Harvard.
India's economy expanded by 7 per cent in the third quarter of this financial year.
The CBDT believes that deregistering of these 6-7 lakh ‘dormant’ firms will bring an end to "institutional money laundering" in the country
Under 'Operation Clean Money', the Income Tax Department has decided to crack whip on those who fail to provide the details of cash deposits of Rs 5 lakh or more during the 50-day long demonetisation drive (November 8 to December 31, 2016).
The CBDT has refrained tax officials from issuing threat, warning or show-cause notice to taxpayers contacted by it under Operation Clean Money.
Just over three months after a mammoth demonetisation exercise undertaken by the government, the Centre and the Reserve Bank of India (RBI) are now believed to have come up with a new plan to launch a new series of Rs 1,000 notes.
Starting today, the cash withdrawal limit from saving accounts is set to go up to Rs 50,000 per week.
Amid the ongoing economic blockade in Manipur, the traders dealing with poll materials have been hit badly due to dearth of raw materials. “Every time during the elections, we bring in lot of raw materials
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