Demonetisation
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GST, note ban have damaged the business of even 'pakoda sellers': Mamata Banerjee
National | Feb 13, 2018, 07:14 PM ISTAccusing the BJP of trying to divide people of Bengal along communal lines, Mamata Banerjee said Hindus do not need to listen to BJP's lecture on Hinduism.
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15 months after note ban, RBI still processing returned notes
India | Feb 11, 2018, 12:11 PM ISTSpecific bank notes are being processed for their arithmetical accuracy and genuineness and the reconciliation for the same is ongoing. This information can, therefore, be shared on completion of the process and reconciliation, the RBI said.
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Demonetisation depositors, all companies should file returns by March 31: I-T dept
Business | Feb 09, 2018, 02:43 PM ISTIt also cautioned eligible trusts, political parties and associations to file their income tax returns by this final deadline and "come clean".
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BJP is not afraid of vote bank as proven by demonetisation decision: Sudhanshu Trivedi
Politics | Feb 02, 2018, 05:37 PM IST -
130 premises of south India-based jewellery chains searched by I-T for alleged tax evasion
India | Jan 10, 2018, 01:04 PM ISTI-T raided 130 premises of the business houses in Chennai, Hyderabad, Thrissur and locations in Kerala, Karnataka, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Delhi and West Bengal, sources said.
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World Bank says India has 'enormous growth potential', projects 7.3% growth in 2018
Business | Jan 10, 2018, 10:47 AM ISTIndia is estimated to have grown at 6.7 per cent in 2017, according to the 2018 Global Economics Prospect released by the World Bank in Washington on Tuesday.
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GST, demonetisation done to benefit people: Venkaiah Naidu
India | Dec 30, 2017, 09:14 PM ISTNaidu also said while some people have criticised demonetisation, the move taken on November 8, 2016, has ensured that all the undisclosed cash in the country comes back to the banks.
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Rs 25 crore demonetised currency notes seized in Meerut, 4 held
India | Dec 30, 2017, 06:32 AM ISTThe NDA government had on November 8 last year announced that currency notes of Rs 500 and Rs 1,000 would no longer be considered legal tender.
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RBI may have held back or stopped printing Rs 2,000 notes, says SBI report
Business | Dec 21, 2017, 10:01 AM ISTHigh currency notes of Rs 2,463 billion may have been printed by the RBI but not supplied in the market, said the report authored by SBI’s group chief economic adviser.
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Pakistan violated ceasefire 771 times along LoC in 2017, demonetisation curbed stone-pelting, govt tells Parliament
India | Dec 20, 2017, 08:30 AM ISTMinister of State for Home Hansraj Ahir said note ban, which was aimed at curbing black money and terrorism, was successful in hurting violent elements domestically.
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Difficult to pinpoint impact of noteban on economy, says Finance Ministry
Business | Dec 19, 2017, 04:15 PM ISTThe government was asked whether Indian economy was stagnant due to demonetisation, which was announced in November last year.
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Rs 7,961 cr in undisclosed income unearthed by I-T post demonetisation, FinMin informs Parliament
Business | Dec 18, 2017, 06:24 PM ISTMoS for Finance Pon Radhakrishnan said the I-T department conducted searches on around 900 groups between Nov 2016 and March this year, wherein assets worth over Rs 900 crore were seized and undisclosed income of Rs 7,961 crore was admitted.
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Salutary benefits from demonetisation exercise in medium-term: IMF
Business | Dec 15, 2017, 08:23 AM ISTWilliam Murray said the demonetisation did cause some temporary disruptions in economic activity, primarily, private consumption and small businesses due to cash shortages.
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Black money crackdown: Unexplained transactions could now invite penal provisions under Benami Act
Business | Dec 08, 2017, 12:36 PM ISTPeople with unexplained credits and investments reflecting on their I-T returns could earlier get away by offering higher tax on the amount.
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Manmohan Singh slams note ban, GST; asks PM to find "more dignified ways" to seek votes
National | Dec 02, 2017, 10:42 PM ISTHe welcomed the 6.3 per cent growth rate in the July-September quarter but cautioned that it was too early to conclude that the economy has recovered.
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War of words between Manmohan Singh, Arun Jaitley over demonetisation and GST
Politics | Dec 02, 2017, 02:09 PM IST -
Taxman slaps 1.16 lakh notices for suspicious cash deposits post demonetisation
Business | Nov 28, 2017, 02:50 PM ISTThe I-T department has combed as many as 18 lakh people who deposited junked Rs 500 and Rs 1000 notes of over Rs. 2.5 lakh each post notes ban.
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Demonetisation a 'magical' scheme that turned black money into white: Rahul Gandhi
Gujarat Assembly Elections | Nov 25, 2017, 10:45 PM ISTCongress Vice President Rahul Gandhi on Saturday said that demonetisation was a "magical" scheme by Prime Minister Narendra Modi that turned all the black money into white.
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Demonetisation drive was meant to cleanse the system: Hasmukh Adhia
Business | Nov 25, 2017, 06:24 PM ISTFinance Secretary Hasmukh Adhia said that people had lot of cash stashed away in the houses, demonetisation has brought those hidden cash in the main banking channel.
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No proposal to withdraw cheque book facility to push digital transactions, FinMin clarifies
Business | Nov 24, 2017, 10:05 AM ISTReports citing a top CAIT official had claimed that the government could be considering the withdrawal of bank cheque book facility to boost digital transactions.