Cash
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Availability of cash in ATMs worsens in few cities: Survey
Apr 14, 2017, 12:27 PM ISTPeople said that they have been withdrawing large amounts from the ATMs as some banks are levying a transaction fee after every four withdrawals. This is perhaps leading to the ATMs quickly running out of cash.
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Cash withdrawal limits likely to go away by February-end
Jan 26, 2017, 04:17 PM ISTThe Reserve Bank of India is likely to ease the weekly withdrawal limits from banks as well as ATMs by the end of February.
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Govt yet to take final call on taxing cash deals above Rs 50,000, says FinMin
Jan 25, 2017, 05:03 PM ISTThe government is yet to take a final call on the recommendation of the high-powered chief ministers’ panel to levy a Banking Cash Transaction Tax (BCTT) on cash deals of Rs 50,000, the Finance ministry
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Cash withdrawal cap may not be necessary from Jan 1: Santosh Gangwar
Dec 29, 2016, 08:07 PM ISTThe cap on cash withdrawal may not be necessary from January 1, as 250-300 million currency notes were being printed on a daily basis, Minister of State for Finance Santosh Gangwar has said. "I have
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Report cash receipts of over Rs 2 lakh in single transaction: CBDT notifies new rules for traders
Dec 23, 2016, 06:46 PM ISTThe Central Board of Direct Taxes (CBDT) today notified that traders receiving cash worth more than Rs 2 lakh in any single transaction for the sale of goods and services will have to send reports
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RBI has pumped in Rs 5.5 lakh cr in new currency post demonetisation
Dec 18, 2016, 07:42 AM ISTIndia's central banking institution, the Reserve Bank of India (RBI) has supplied as much as Rs 5.50 lakh crore in new currency to the banking system so far and more currency will be infused in
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Chandigarh: ED seizes Rs 2.19 crore cash in raids to check hawala trade
Dec 14, 2016, 04:19 PM ISTThe Enforcement Directorate (ED) on Wednesday conducted a raid and seized Rs 2.19 crore from Chandigarh as part of its operation to check hawala trade in the wake of demonetisation. Officials said the sleuths of
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I-T dept busts 'syndicate' involved in currency conversion; Rs 90 cr cash, 100 kg gold seized
Dec 08, 2016, 09:46 PM ISTIn raids carried out at eight locations across Chennai, Income Tax officials recovered Rs. 90 crore in cash and 100 kg gold from jewellers on Thursday.
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Demonetisation may hit activities in cash-intensive sectors: RBI
Dec 07, 2016, 04:19 PM ISTThe government’s move to demonetize high-value currency is probably going to affect India’s growth in the short term as well as the informal sector like retail trade, hotels, restaurants and transportation, and the unorganised sector,
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Cash, jewellery worth Rs 130 cr seized post demonetisation, 30 cases referred to ED
Dec 06, 2016, 07:45 PM ISTCash and jewellery worth Rs 130 crore have been seized and Rs 2,000 crore of undisclosed wealth has been admitted by taxpayers after demonetisation.
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Bank runs out of cash, manager lends money for man’s cremation
India | Nov 30, 2016, 06:16 PM ISTTroubles for the tragedy-hit family of Munnelal Sharma, who succumbed to cancer yesterday morning, multiplied when they were left with no cash for his cremation. They then approached a branch of Bank of India in
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Law enforcing agencies remain unaffected by demonetisation
India | Nov 27, 2016, 01:59 PM ISTLaw 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.
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Demonetisation: Cash-starved farmer, woman end life in frustration
India | Nov 14, 2016, 06:14 PM ISTA 45-year-old farmer in Raigarh district of Chhattisgarh allegedly committed suicide as he was apparently upset over not being able to get his high-denomination notes exchanged for fresh ones.
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Cash, gold worth Rs 730 million seized from Pakistan bureaucrat’s house
World | May 07, 2016, 02:36 PM ISTKarachi:Pakistan’s anti-graft body has arrested Balochistan’s finance secretary and recovered gold and currency worth Rs 730 million (Rs 46 crore in INR) from his house in Quetta, the provincial capital. The huge amount of money
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Mystery cash appears on Mumbai shore, locals fish out Rs 1,000 notes
India | Aug 12, 2015, 11:45 PM ISTMumbai: People who turned up at Gateway of India to enjoy scenery and cool breeze on Tuesday got more than what they hoped for when hundreds of currency notes of Rs 1,000 washed up ashore.The
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Bhangra singer Sukhbir Singh held at Lahore airport
Bollywood | Aug 10, 2015, 07:58 AM ISTLahore: Indian bhangra singer Sukhbir Singh was reportedly detained at the Allama Iqbal International Airport in Lahore on Sunday after he was told by Pakistani airport authorities that he could not carry more than the
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Top secrets of doubling your money
May 12, 2015, 10:47 AM ISTIt may sound like a aggressive idea if we aim to double the size of our nest egg in the next 5-10 years of time period. However, it is still possible without taking any unnecessary
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Rupee rises 6 paise against dollar in early trade
Mar 16, 2015, 10:38 AM ISTMumbai: The rupee rose by six paise at 62.91 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.Forex dealers said a
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MSTC fraud case: Court attaches Rs 2.5 cr cash
May 25, 2014, 04:04 PM ISTNew Delhi: A special anti-money laundering court here has ordered freezing of Rs 2.5 crore cash lying in a bank account of a real estate firm in connection with the 2012 alleged gold export scam
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AI to generate cash from rentals, in-flight ads
Apr 13, 2014, 09:45 PM ISTNew Delhi: Cash-strapped national carrier Air India is all set to rent out its excess property across the country and encourage in-flight advertising to augment revenues.“Under our new financial plan, we have decided to rent