Few days after the government stopped the exchange of scrapped 500 and 1000-rupee notes, the Income Tax department raided a caterer in Mumbai and recovered over Rs 80 lakh in new notes and over Rs 40 lakh in withdrawn notes.
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,
the government said that jewellery and gold in all its form purchased out of disclosed income or legally inherited from ancestors is not chargeable to tax under the amended I-T law
Finance ministry today said those indulging in money laundering activities and converting their ill-gotten money into white will not be spared as law-enforcement agencies are already chasing such trails.
Prime Minister Narendra Modi today appealed to the people to "lead the change" towards cashless transactions to lay strong foundations of an India where there is no place for such malaise.
With effect from the midnight of 2nd December, 2016, old Rs. 500 bank notes will not be accepted at petrol, diesel and gas outlets of public sector oil and gas marketing companies as well as for purchase of air tickets at airports.
Automobile major Maruti Suzuki India on Thursday reported a 12.2 per cent increase in sales for November.
Even as the cash crisis post demonetisation is causing strain to the common man, Indian wrestling star the Great Khali has dubbed these problems as minor. When asked about the inconvenience faced by people
Various estimates have been made of the quantum of such money — which is not expected to be deposited in banks — that range from Rs 3 lakh crore to Rs 5 lakh crore.
Amit Mitra on Wednesday dropped a bombshell saying that the Good and Services Tax (GST) rollout has been thoroughly jeopardized by the Centre’s abrupt demonetization drive, a statement that got a backing from BJP MP Subramanian Swamy.
In an attempt to quench country’s cash drought which may even increase due to pay day rush, the government and the Reserve Bank of India have further scaled up the printing of Rs 500 notes.
Amid a massive push from the government for cashless transactions following its move to scrap Rs 500 and 1,000 notes, Indian e-commerce website PayTM has said it has seen 35 million transactions for mobile and
Amid a massive push from the government for cashless transactions following its move to scrap Rs 500 and 1,000 notes, Indian e-commerce website PayTM has said it has seen 35 million transactions for mobile and
The enormous cash crunch continues to cause more pain to people as shortage of cash forced banks to ration withdrawals and down shutters early as the supply of notes failed to keep up with the increasing demand.
Nitish Kumar today attended RJD Parliamentary party meeting and briefed the party MLAs in presence of its chief Lalu Prasad Yadav on why he supported Prime Minister Narendra Modi’s decision to demonetise Rs 500 and Rs 1000 notes.
The Bill to amend Income Tax Act to impose tax on deposits made post-demonetisation was today passed without discussion amid sloganeering and shouting in Lok Sabha.
While people across the nation have been struggling with the cash crisis following government’s overnight demonetisation drive, American tech giant Apple, on the other hand, seems to be reaping rich dividends as a result of the move.
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.
Prime Minister Narendra Modi on November 8 announced the decision to scrap Rs 500 and Rs 1000 notes. Here is an analysis of what government is claiming it would achieve.
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