In a move that comes as a part of the ongoing crackdown on tax evasion and illicit funds, Prime Minister Narendra Modi today asked all BJP MPs and ministers to submit details of their banking transactions from November 8 onwards, the day he announced
The CBI on Monday registered a case against three postal employees in Hyderabad for irregularities in exchanging demonetised high value currency notes worth Rs 36 lakh. The agency registered a First Information Report (FIR) against
The effect of the government’s demonetisation drive has not just been restricted to black money hoarders but it has also made a strong impact in left-wing extremism affected states.
The data released by the Reserve Bank of India (RBI) on Monday revealed that around 60 per cent of the demonetised currency notes, which amount to around Rs 14 lakh crore, has already been accounted for.
Kejriwal today claimed that black money and corruption have increased by 10 times ever since the ban of Rs 500 and Rs 1000 notes.
The RBI on Saturday announced an incremental cash reserve ratio (CRR) of 100 per cent for banks, ordering them to deposit their extra cash with the central bank.
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Moody's Investors Service sees securitisation market to remain stable next year despite as it expects good credit quality across most asset classes.
Income Tax department has found that around Rs 40 crore was deposited in scrapped 500 and 1000-rupee notes at the Kashmere Gate branch of Axis Bank in New Delhi.
The government’s overnight move to demonetise high-denomination currency notes came as a hit not only for black money hoarders, but also the common man who has been struggling to cope with the cash crunch
A 63-year-old man from south Mumbai was cheated of Rs 57.50 lakh while trying to exchange scrapped currency notes.
Amid a nation wide call for protest over demonetisation, Prime Minister Narendra Modi chaired a crucial meet with ministers in parliament on Monday. The bandh, called for by the ruling Left Democratic Front has crippled
The ban on old currency notes of Rs 500 and Rs 1000 by Narendra Modi government has brought most of the opposition together as they plan to launch country wide protest on Monday. However,
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Law enforcement agencies which possess a huge cache of old Rs 1,000 and Rs 500 notes, seized over the years as case property, have said that demonetisation will have no impact on them.
Nearly 1.55 lakh post offices across the country have received a staggering Rs 32,631 crore in deposits following demonetisation of Rs 500/1000 currency notes.
Cracks have surfaced within the Opposition with JD(U) and Trinamool Congress refusing to support the Bharat bandh called by opposition parties against demonetisation on November 28.
Prime Minister Narendra Modi on Sunday said he was confident that India would shine like gold after the government's decision to demonetise high value currency notes that would curb unaccounted wealth in the country.
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Nobel laureate Professor Amartya Sen has blasted Prime Minister Narendra Modi’s decision to ‘demonetise’ high-denomination currency-notes and said that it betrayed the “authoritarian nature of the government”.
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