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  I-T dept detects Rs 3,185 cr black income, seizes Rs 86 cr in new notes post-demonetisation

  December 20, 2016 23:26 IST

  The Income Tax department has detected over Rs 3,185 crore of un-disclosed income and has also seized Rs 86 crore worth new notes.

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  Despite Finance Minister’s word, few banks questioning deposits of over Rs 5000

  December 20, 2016 21:01 IST

  Finance Minister Arun Jaitley had assured that no questions would be asked if any amount of demonetised currency is deposited at one go.

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  New restrictions on deposits ‘desperate measures of desperate govt’: Chidambaram

  National | December 20, 2016 17:44 IST

  Former Finance Minister P Chidambaram today said the new RBI cap on deposits of has left the poor and middle class high and dry and termed it as a desperate measures of a desperate government.

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  Axis Bank assures govt of action against officials involved in post-demonetisation irregularities

  December 20, 2016 17:46 IST

  The Axis Bank management has assured the government that it is taking action against erring officials who are involved in irregularities post demonetisation, Finance Minister Arun Jaitley today said.

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  ‘Changing rules like PM changes his clothes’: Rahul Gandhi mocks RBI on fresh curbs on deposits

  National | December 20, 2016 16:31 IST

  Congress vice-president Rahul Gandhi on Tuesday questioned the new RBI cap on deposits of demonetised currency and said the central bank is changing rules like the PM changes his clothes.

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  Man blames PM Modi for serpentine queue outside Delhi bank, gets thrashed: Report

  India | December 19, 2016 12:55 IST

  In a disturbing piece of news, a 45-year-old man was allegedly beaten up and attacked with cricket bails after he blamed Prime Minister Narendra Modi for the serpentine queue outside a bank in southeast Delhi's Jaitpur area, police said on Monday.

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  In 5 days after demonetisation, old notes worth Rs 9000 cr deposited in district cooperative banks

  December 18, 2016 8:59 IST

  Select district central cooperative banks (DCCBs) across 17 states received over Rs 9,000 crore from November 10 to November 14.

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  No exemption to political parties post demonetisation: Arun Jaitley

  National | December 18, 2016 6:39 IST

  Finance Minister Arun Jaitley on Saturday said there has not been any change of law after demonetisation and parties already come under the purview of Section 13A of the Income Tax Act 1961.

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  Rs 1 cr deposited in labourer's a/c; bank says it's a 'mistake'

  December 17, 2016 22:48 IST

  Post demonetisation, an astounding Rs 1,00,10,000 (one crore ten thousand) was deposited in the account of a worker at Khidiya branch of Bank of India in Hoshangabad area of Madhya Pradesh. Bank officials said it

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  ED recovers Rs 30 lakh, Rs 18 lakh in new currency and 2.5 kg gold from a tailor

  India | December 17, 2016 15:05 IST

  In its latest crackdown on black money hoarders and tax evaders, the Enforcement Directorate has on Saturday recovered about Rs 30 lakh cash and 2.5 kg gold from the premises of a prominent tailor in Chandigarh.

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  Modi defends demonetisation, says nation first for BJP; party above nation for Congress

  National | December 17, 2016 8:22 IST

  Prime Minister Narendra Modi on Friday slammed the opposition parties, including Congress, Left and others, saying that unlike in the past when it stalled Parliament against scams, the rivals were now disrupting proceedings over the

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  Even Rs 2 lakh deposit can land you in trouble. Know how

  India | December 17, 2016 7:48 IST

  The central bank has ordered banks to provide data on such accounts as the government gears up for the next phase of its anti-black money campaign.

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  Making all efforts to put seized cash into circulation: Govt

  December 15, 2016 18:47 IST

  The government has said that the enforcement agencies are making all efforts to bring back the seized currency into circulation to meet the cash need post demonetisation.