The government has clarified that political parties will have to pay no tax if they deposit the demonetised Rs 500 and Rs 1,000 notes in their accounts.
In view of the proposed rollout of the Goods & Services Tax (GST) early next year, demonetisation is a well-timed move, Godrej Group Chairman Adi Godrej said today. "Demonetisation will certainly be a good thing
Black money holders have been given one last chance by the government to come clean until March-end next year by paying 50 per cent tax on bank deposits of junk currencies made post demonetisation. Offering
Prime Minister Narendra Modi today received a shot in the arm when Telangana Chief Minister K Chandrasekhar Rao publically extended his support to his ‘demonetisation’ move.
The unprecedented cash shortage following the scrapping of old Rs 500 and Rs 1,000 notes will come to an end by mid-January next year, NITI Aayog CEO Amitabh Kant said today. Disruption in the economy
Finance Minister Arun Jaitley on Thursday said that digital transactions are a parallel mechanism, not a substitute, for cash transactions.
A top ranking government official has said that restrictions on the existing cash withdrawal limit will start easing once 80 per cent of the new currency introduced following the demonetisation is back into banking system through deposits.
Raising questions over Narendra Modi’s understanding of the economy in the context of his ‘demonetisation’ move, Delhi Chief Minister Arvind Kejriwal today called the Prime Minister a ‘less-educated’ person who does not know what he is doing.
Prime Minister Narendra Modi announced the decision to demonetise Rs 500 and Rs 1000 notes on November 8.
Taking a cue from India’s demonetisation move, the Australian government is now mulling scrapping its highest bill, the $100 bank note, in its attempts to curb black money.
In what could turn out to be a huge embarrassment for the Congress party, sons of three former UPA ministers have been caught on CCTV camera withdrawing huge amounts of cash from a private bank in New Delhi.
The old currency notes of Rs 500 denomination will not be acceptable for paying utility bills or buying medicines from today midnight.
Congress vice-president Rahul Gandhi today alleged that the government is not allowing him to speak in Parliament because he has information of Prime Minister Narendra Modi’s personal involvement in corruption relating to ‘demonetisation’.
Banks have collected Rs 12.44 lakh crore in banned notes till December 10, while Rs 4.61 lakh crore in new notes have been issued to them since the demonetisation drive.
RBI has advised all banks across the country to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08 to December 30, 2016.
Hoarders are now offering interest rates ranging from 6 per cent to 8 per cent for Rs 1 crore, given the hoarder is willing to part from the money for a minimum period of one year.
In a bid to counter the opposition’s tirade and a mixed reaction from the public over the demonetisation drive, the Bharatiya Janata Party (BJP) is leaving no stone unturned for the upcoming elections in the crucial state of Uttar Pradesh.
Stepping up his attack against the central government over the currency ban, former Union Finance minister P.Chidmabaram today dubbed demonetization as the biggest scam of the year and sought its investigation. Addressing the media in
In some harsh criticism of Prime Minister Narendra Modi over demonetisation, AIMIM chief Asaduddin Owaisi on Monday referred to him as "a tyrant" who caused havoc in every house just to satisfy his ego.
Defending the central government’s November 8 decision to demonetise Rs 500 and Rs 1000 currency notes, BJP president Amit Shah on Sunday said that the move would "change the fate of the country for the next 50 years".
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