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  I-T turns heat on car purchases, dealers asked to furnish list of bookings post Nov 8

  India | December 27, 2016 13:03 IST

  the Income Tax Department on Tuesday issued notices to top car dealers across India asking them to provide details of all those who booked a vehicle after November 8

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  Surat’s Bhajiawala family operated 56 bank accounts, I-T dept says in FIR

  India | December 27, 2016 12:30 IST

  In the latest in the series of revelations in the case of Surat-based financier Kishor Bhajiawala, the FIR registered with the CBI by the Surat Income Tax Department against him says that his family operated a total of 56 accounts in different banks.

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  Stunned after finding Rs 100 cr in her Jan Dhan account, UP woman writes to PM Modi

  India | December 27, 2016 8:37 IST

  Shocked to find nearly Rs. 100 crore in her Jan Dhan account in a Meerut branch of a state-run bank, a woman on Monday sought the PMO's intervention after the bank officials did not attend to her complaint

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  Mamata ups the ante, directs state officials to skip central meetings

  Politics | December 26, 2016 14:06 IST

  West Bengal Chief Minister Mamata Banerjee, one of the fiercest critics of the central government’s demonetization move, has taken her confrontation with the Narendra Modi-led government a notch higher.

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  ED lens on 4 Mumbai banks for assisting bullion trader exchange Rs 150 cr illegally

  India | December 26, 2016 12:23 IST

  The government’s crackdown on black money hoarders continues with the Enforcement Directorate writing to four banks, accusing their officials of helping a Mumbai-based bullion trader get Rs 150 crore in demonetised currency into legal tender

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  RBI rolled back restrictions on cash deposits at Arun Jaitley’s behest: BJP

  Politics | December 22, 2016 16:11 IST

  BJP has claimed that RBI’s decision to rollback its notification restricting cash deposits above Rs 5,000 was a course correction done at the behest of Finance Minister Arun Jaitley to ensure that common people were not inconvenienced.

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  Fixed deposit of Rs 25,000 in any bank can get you an SBI credit card. Read how

  December 21, 2016 14:03 IST

  In an attempt to tap opportunities arising out of limited cash supply, State Bank of India’s subsidiary SBI Cards is planning to come out with credit cards for anyone who has a fixed deposit of Rs 25,000 in any bank.

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  ‘Modiji, everyone in Opposition is not Rahul Gandhi’, tweets Arvind Kejriwal

  Politics | December 21, 2016 12:32 IST

  Arvind Kejriwal on Tuesday targeted Prime Minister Narendra Modi for misusing the Central Bureau of Investigation, saying not all could be cowed down as easily as Congress vice president Rahul Gandhi.

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  ‘Demonetisation chaos will lead Samajwadi Party to victory’, says Akhilesh Yadav

  Politics | December 21, 2016 11:01 IST

  Akhilesh Yadav feels the days of caste-based politics in the state are over and now the two Ds – development and demonetisation problems – will work in favour of the Samajwadi Party in the upcoming assembly polls.

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  Will file PIL in SC on decision to exempt parties from tax on old notes: Kanhaiya Kumar

  India | December 18, 2016 0:06 IST

  Criticizing the Central government's decision to exempt political parties from income tax on old notes deposited by them in banks, former JNU Students Union president Kanhaiya Kumar saying that a PIL will be filed in

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  Rs 2,614 cr undisclosed income admitted since note ban: I-T sources

  December 16, 2016 16:02 IST

  Ever since the government’s announcement of currency demonetisation on November 8, the Income Tax department has carried out a record number of searches across the country digging out enormous amount of ‘unaccounted wealth’.

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  ‘Indian IT sector has escaped demonetisation effects’

  December 16, 2016 6:51 IST

  India's information technology sector is one that has escaped the depressing impact that demonetisation has had on economic activity in the country, an IT corporate leader has said.

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  Finance ministry to blame for ‘huge collateral damage’ caused by note ban: Swamy

  Politics | December 14, 2016 12:50 IST

  Launching a direct attack on the government, firebrand Bharatiya Janata Party MP Subramanian Swamy has said that the demonetisation drive has led to “huge collateral damage” and blamed the Finance ministry for the poor execution.

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  To soothe demonetisation pain, Delhi BJP to distribute one laddoo per family for standing in queues

  Politics | December 13, 2016 14:02 IST

  The party, it appears, wants to express its gratitude to the people for patiently bearing the inconvenience caused by demonetisation and for supporting the move.

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  Arrested RBI official took 30 pc commission for illegal currency exchange

  December 14, 2016 14:30 IST

  The Central Bureau of Investigation today arrested a senior official of the Reserve Bank of India in Bengaluru for his alleged involvement in the illegal exchange of currency worth Rs 1.50 crore.

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  With more digital transactions, India likely to witness 60-65 pc rise in mobile frauds: Study

  December 13, 2016 8:27 IST

  With the surge in digital transactions via e-wallets and other online payment gateways, mobile frauds are expected to grow to 60-65 per cent in the country by 2017, a leading industry body said on Monday.

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  Venkaiah Naidu hits back at opposition, terms dharna as ‘Black Money Support Day’

  Politics | December 08, 2016 12:58 IST

  Hitting out at the opposition for observing a ‘Black Day’ to mark one month of demonetisation, Union Minister M Venkaiah Naidu today said that ‘they were actually observing "Black Money Support Day’.

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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.

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  Bank unions threaten strike over escalating work pressure, demand bank closure till cash supply improves

  December 06, 2016 13:35 IST

  Combating with the increasing work pressure in the wake of demonetisation and grappling with currency shortage, bank unions have threatened of agitation, including a strike against the government.