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  I-T detects Rs 9,334 cr black money post-note ban; to probe 60,000 people

  April 14, 2017 13:54 IST

  Leaving no stone unturned to tighten the noose around black money hoarders, the Income Tax department will investigate over 60,000 individuals under the second phase of the 'Operation Clean Money'.

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  584 pc jump in digital transactions since demonetisation

  March 31, 2017 8:31 IST

  There has been an increase of 584 per cent in digital transactions done through the Unified Payments Interface (UPI) since demonetisation in November last year, said an official release on Thursday.

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  Note ban opens up new channels of corruption: Australian economist

  March 20, 2017 9:05 IST

  Describing demonetisation as an attempt 'akin to striking a rock with an egg', eminent Austrian economist Heinz D Kurz has said it is 'much too weak and misdirected an instrument' to root out corruption.

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  Demonetisation drags auto sales to 16-year low in December, industry pins hopes on Budget

  January 10, 2017 15:00 IST

  Monthly automobile sales growth rate in India slipped to a 16-year low in December with total vehicle sales declining by 18.66 per cent as demonetisation hits the industry hard.

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  Delhi: Police seize Rs 3.25 crore in old notes being packed to cheat X-Ray machines

  India | December 14, 2016 10:09 IST

  In a joint operation, Income Tax department and crime branch raided a hotel in Delhi's Karol Bagh and recovered Rs 3.25 crore in demonetised notes from five persons. Based on secret information, the Crime Branch

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  Over Rs 93 lakh in new currency seized from seven persons in Jaipur: Police

  India | December 12, 2016 20:39 IST

  An amount of over Rs 93 lakh in denomination of Rs 2,000 currency notes has been seized from seven persons, of whom three were arrested and the rest detained, in separate cases in Jaipur, police said

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  Bank Note Press ropes in retired employees to meet demand for new currency

  India | December 11, 2016 13:59 IST

  To meet the demand for new currency following the cash recall exercise which has triggered a huge liquidity crunch, the Bank Note Press (BNP) at Dewas in Madhya Pradesh has roped in retired employees.

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  RBI plans to abolish service tax on card transactions up to Rs 2,000

  December 08, 2016 12:53 IST

  In an attempt to promote digital transactions amid cash crunch following currency ban, the government is all set to waive service tax on debit and credit card transactions of up to Rs 2,000.

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  Nepal asks India to allow exchange of old notes up to Rs 25,000 for its citizens

  December 07, 2016 13:39 IST

  India is now facing pressure from its neighbour Nepal which has demanded that the government allow Nepalese citizens to exchange up to Rs 25,000 of scrapped currency notes.