Demonitisation Effect
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CAG To Audit Impact Of Demonetisation And Its Effect On Tax Revenues
The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the effect it has had on the government's tax revenues, said CAG Shashi Kant Sharma.
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Notes Ban: Government Spent Rs 94 Crores On Ads To Popularise E-Payments
Nearly Rs 94 crore has been spent by the government for spreading awareness about digital payments and popularising less-cash economy post demonetisation, the Rajya Sabha was informed on Thursday.
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Major Issues In GST Yet To Be Discussed And Ironed Out: Bengal Finance Minister Amit Mitra
West Bengal Finance Minister Amit Mitra has said there are major issues with the Goods and Services Tax (GST) which are yet to be discussed and ironed out.
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1 Crore New Jan Dhan Accounts Since Notes Ban, But Many Still Unpaid
Over 1 crore Jan Dhan accounts have been opened since the notes ban came into effect on November 9. The deposits since have also doubled to over 87,000 crores and the tax department is scrutinising the data. Yet, many workers without bank accounts could not be paid.
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Banned Notes: Holders Of Overseas Indian Citizen Cards Express Concern
Many PIOs or persons of Indian Origin and OCIs or Overseas Citizens of India were under the impression that they could exchange their old currency until the end of March. But they were in for a shock when they realised that only NRIs were allowed to do so.
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Rs 9 Lakh Crore Already Back In System Post Notes Ban: SBI Chairman
State Bank of India (SBI) chairman Arundhati Bhattacharya on Thursday said that about Rs 9 lakh crore of close to Rs. 13 lakh crore, which was out of the economic system, has already come back post notes ban.
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In Bengaluru, Street-Side Books Market Goes Digital
Bengaluru seems to be leading the way in transition to cashless economy. After the British era Russell Market, a popular roadside book market has made a similar shift. Majority of the book sellers on Avenue Road street side market have jumped on to the mobile wallet bandwagon. Several small vendors selling books, both new and used are accepting pay...
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This Kerala District Is Leading The Way In Digitally Countering Notes Ban Impact
While the CPM-led government in Kerala has been protesting against the impact of the centre's notes ban move, a district in the state is making huge progress in training locals about digital transactions to counter the cash crunch.
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3 Arrested For Cheating Man Of 16 Lakh In Banned Notes In Delhi
Three people have been arrested for duping a Kolkata-based businessman of Rs 16 lakh on the pretext of getting his demonetised currency exchanged from a private bank in Delhi.
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Protests At RBI Office In Kolkata Against Notes Ban
The Trinamool Congress and Left parties held separate protests outside the Reserve Bank of India office in Kolkata today as RBI Governor Urjit Patel held meetings inside.
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Raids At 2 Axis Bank Branches, 60 Crores In 20 Fake Accounts In Noida
Chasing a jeweller who allegedly sold gold worth 600 crores, tax officials found 20 fake accounts at an Axis Bank branch in Noida near Delhi today, with deposits of 60 crores after the notes ban. 24 Axis Bank employees are being investigated over suspicious transactions, a top official said.
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At Axis Bank Noida Branch, 20 Fake Accounts Found With Over 60 Crore Deposits Since Notes Ban
In raids at an Axis bank branch today, tax officials found fake accounts where over 60 crores had been deposited since the notes ban was announced last month.
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Cash Worth Nearly 1.5 Crore Seized In Odisha's Sambalpur
In a major seizure, police have recovered cash worth Rs 1.43 crores in new and old currency notes from a car in Odisha's Sambalpur today.
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On Payday, Bank Staff Face Abuse, Mob Anger, Claims Union
It has been more than three weeks since India abruptly declared high-denomination currency bills to be invalid in its fight against corruption and counterfeit money, but the panic and desperation that the move generated have not abated.
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Noteban Effect: Mumbai, Why Chances Of Getting Your Salary In Hand On Payday Are 50/50
Payday has never been this depressing. Before you rush to an ATM to withdraw your salary, consider this: Your best chances of finding any cash are 50-50.
-
CAG To Audit Impact Of Demonetisation And Its Effect On Tax Revenues
The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the effect it has had on the government's tax revenues, said CAG Shashi Kant Sharma.
-
Notes Ban: Government Spent Rs 94 Crores On Ads To Popularise E-Payments
Nearly Rs 94 crore has been spent by the government for spreading awareness about digital payments and popularising less-cash economy post demonetisation, the Rajya Sabha was informed on Thursday.
-
Major Issues In GST Yet To Be Discussed And Ironed Out: Bengal Finance Minister Amit Mitra
West Bengal Finance Minister Amit Mitra has said there are major issues with the Goods and Services Tax (GST) which are yet to be discussed and ironed out.
-
1 Crore New Jan Dhan Accounts Since Notes Ban, But Many Still Unpaid
Over 1 crore Jan Dhan accounts have been opened since the notes ban came into effect on November 9. The deposits since have also doubled to over 87,000 crores and the tax department is scrutinising the data. Yet, many workers without bank accounts could not be paid.
-
Banned Notes: Holders Of Overseas Indian Citizen Cards Express Concern
Many PIOs or persons of Indian Origin and OCIs or Overseas Citizens of India were under the impression that they could exchange their old currency until the end of March. But they were in for a shock when they realised that only NRIs were allowed to do so.
-
Rs 9 Lakh Crore Already Back In System Post Notes Ban: SBI Chairman
State Bank of India (SBI) chairman Arundhati Bhattacharya on Thursday said that about Rs 9 lakh crore of close to Rs. 13 lakh crore, which was out of the economic system, has already come back post notes ban.
-
In Bengaluru, Street-Side Books Market Goes Digital
Bengaluru seems to be leading the way in transition to cashless economy. After the British era Russell Market, a popular roadside book market has made a similar shift. Majority of the book sellers on Avenue Road street side market have jumped on to the mobile wallet bandwagon. Several small vendors selling books, both new and used are accepting pay...
-
This Kerala District Is Leading The Way In Digitally Countering Notes Ban Impact
While the CPM-led government in Kerala has been protesting against the impact of the centre's notes ban move, a district in the state is making huge progress in training locals about digital transactions to counter the cash crunch.
-
3 Arrested For Cheating Man Of 16 Lakh In Banned Notes In Delhi
Three people have been arrested for duping a Kolkata-based businessman of Rs 16 lakh on the pretext of getting his demonetised currency exchanged from a private bank in Delhi.
-
Protests At RBI Office In Kolkata Against Notes Ban
The Trinamool Congress and Left parties held separate protests outside the Reserve Bank of India office in Kolkata today as RBI Governor Urjit Patel held meetings inside.
-
Raids At 2 Axis Bank Branches, 60 Crores In 20 Fake Accounts In Noida
Chasing a jeweller who allegedly sold gold worth 600 crores, tax officials found 20 fake accounts at an Axis Bank branch in Noida near Delhi today, with deposits of 60 crores after the notes ban. 24 Axis Bank employees are being investigated over suspicious transactions, a top official said.
-
At Axis Bank Noida Branch, 20 Fake Accounts Found With Over 60 Crore Deposits Since Notes Ban
In raids at an Axis bank branch today, tax officials found fake accounts where over 60 crores had been deposited since the notes ban was announced last month.
-
Cash Worth Nearly 1.5 Crore Seized In Odisha's Sambalpur
In a major seizure, police have recovered cash worth Rs 1.43 crores in new and old currency notes from a car in Odisha's Sambalpur today.
-
On Payday, Bank Staff Face Abuse, Mob Anger, Claims Union
It has been more than three weeks since India abruptly declared high-denomination currency bills to be invalid in its fight against corruption and counterfeit money, but the panic and desperation that the move generated have not abated.
-
Noteban Effect: Mumbai, Why Chances Of Getting Your Salary In Hand On Payday Are 50/50
Payday has never been this depressing. Before you rush to an ATM to withdraw your salary, consider this: Your best chances of finding any cash are 50-50.
