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  Political parties can deposit old Rs 500, Rs 1000 notes without paying any tax

  Politics | December 17, 2016 12:16 IST

  The government has clarified that political parties will have to pay no tax if they deposit the demonetised Rs 500 and Rs 1,000 notes in their accounts.

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  Timing of demonetisation apt, says Adi Godrej

  December 17, 2016 0:02 IST

  In view of the proposed rollout of the Goods & Services Tax (GST) early next year, demonetisation is a well-timed move, Godrej Group Chairman Adi Godrej said today. "Demonetisation will certainly be a good thing

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  Govt gives black money holders one last chance, rolls out new income declaration scheme till March 2017

  December 16, 2016 19:48 IST

  Black money holders have been given one last chance by the government to come clean until March-end next year by paying 50 per cent tax on bank deposits of junk currencies made post demonetisation. Offering

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  Telengana becomes third non-NDA state to support PM Modi’s ‘demonetisation’ move

  Politics | December 16, 2016 18:32 IST

  Prime Minister Narendra Modi today received a shot in the arm when Telangana Chief Minister K Chandrasekhar Rao publically extended his support to his ‘demonetisation’ move.

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  Cash crunch to end by mid-January, says NITI Aayog CEO Amitabh Kant

  December 16, 2016 16:42 IST

  The unprecedented cash shortage following the scrapping of old Rs 500 and Rs 1,000 notes will come to an end by mid-January next year, NITI Aayog CEO Amitabh Kant said today. Disruption in the economy

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  Digital transactions a parallel mechanism as no economy can be fully cashless: Arun Jaitley

  December 15, 2016 17:14 IST

  Finance Minister Arun Jaitley on Thursday said that digital transactions are a parallel mechanism, not a substitute, for cash transactions.

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  Cash withdrawal limit to go up once banks get 80 per cent of new notes

  December 15, 2016 16:26 IST

  A top ranking government official has said that restrictions on the existing cash withdrawal limit will start easing once 80 per cent of the new currency introduced following the demonetisation is back into banking system through deposits.

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  Arvind Kejriwal calls PM Modi ‘less-educated’, asks him to show his degrees

  Politics | December 15, 2016 13:57 IST

  Raising questions over Narendra Modi’s understanding of the economy in the context of his ‘demonetisation’ move, Delhi Chief Minister Arvind Kejriwal today called the Prime Minister a ‘less-educated’ person who does not know what he is doing.

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  Demonetisation: April 2017 may be earliest when India gets its cash back

  December 14, 2016 18:01 IST

  Prime Minister Narendra Modi announced the decision to demonetise Rs 500 and Rs 1000 notes on November 8.

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  Inspired by India, Australia mulls demonetisation of $100 note

  World | December 14, 2016 16:35 IST

  Taking a cue from India’s demonetisation move, the Australian government is now mulling scrapping its highest bill, the $100 bank note, in its attempts to curb black money.

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  Sons of three former UPA ministers caught on CCTV withdrawing huge cash amounts: Report

  India | December 14, 2016 15:23 IST

  In what could turn out to be a huge embarrassment for the Congress party, sons of three former UPA ministers have been caught on CCTV camera withdrawing huge amounts of cash from a private bank in New Delhi.

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  Dec 15 last day to use old Rs 500 notes: Here is what you need to know

  India | December 15, 2016 7:11 IST

  The old currency notes of Rs 500 denomination will not be acceptable for paying utility bills or buying medicines from today midnight.

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  I have information of PM Modi’s personal corruption in ‘demonetisation’, says Rahul Gandhi

  Politics | December 14, 2016 13:41 IST

  Congress vice-president Rahul Gandhi today alleged that the government is not allowing him to speak in Parliament because he has information of Prime Minister Narendra Modi’s personal involvement in corruption relating to ‘demonetisation’.

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  Banks received Rs 12.44 lakh crore in old notes till Dec 10: RBI

  December 13, 2016 21:10 IST

  Banks have collected Rs 12.44 lakh crore in banned notes till December 10, while Rs 4.61 lakh crore in new notes have been issued to them since the demonetisation drive.

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  Preserve CCTV recordings of branch operations, currency chests from Nov 8 to Dec 30: RBI to banks

  December 13, 2016 18:04 IST

  RBI has advised all banks across the country to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08 to December 30, 2016.

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  In role reversal, cash mafia offering interest on exchange of old notes: report

  December 13, 2016 16:34 IST

  Hoarders are now offering interest rates ranging from 6 per cent to 8 per cent for Rs 1 crore, given the hoarder is willing to part from the money for a minimum period of one year.

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  UP polls: BJP plans to counter demonetisation heat with 2,000 hoardings, slogans and songs

  Politics | December 13, 2016 13:06 IST

  In a bid to counter the opposition’s tirade and a mixed reaction from the public over the demonetisation drive, the Bharatiya Janata Party (BJP) is leaving no stone unturned for the upcoming elections in the crucial state of Uttar Pradesh.

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  Demonetisation biggest scam of the year: Chidambaram tears into Centre

  Politics | December 13, 2016 12:42 IST

  Stepping up his attack against the central government over the currency ban, former Union Finance minister P.Chidmabaram today dubbed demonetization as the biggest scam of the year and sought its investigation. Addressing the media in

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  Modi a ‘tyrant’ who caused havoc in every house: Owaisi targets PM on demonetisation

  Politics | December 12, 2016 15:04 IST

  In some harsh criticism of Prime Minister Narendra Modi over demonetisation, AIMIM chief Asaduddin Owaisi on Monday referred to him as "a tyrant" who caused havoc in every house just to satisfy his ego.

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  Note ban will change India’s fate for next 50 years, says Amit Shah

  Politics | December 12, 2016 14:07 IST

  Defending the central government’s November 8 decision to demonetise Rs 500 and Rs 1000 currency notes, BJP president Amit Shah on Sunday said that the move would "change the fate of the country for the next 50 years".