Tag: Noteban
Demonisation won, not demonetisation: Kapil Sibal
RBI gets govt nod to print Rs 10 plastic notes
12 lakh new notes infused in the market: Jaitley
Demonetisation to impact GDP in this quarter: RBI
Reconsider charges on cash transactions, ATM withdrawals: Govt to banks
The government on Monday asked banks including private entities to reconsider their decision of imposing charges on cash transaction charges and ATM withdrawals. Recently, HDFC Bank recently issued a notification where it said that its customers will only be able to avail four free withdrawal and deposit (cumulative) transactions from[Read More…]
Govt notifies law to make banned note possession punishable
The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000. The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with a view to eliminating the “possibility of running a parallel economy”[Read More…]
India’s GDP growth slows to 7 percent in Oct-Dec
Central Statistics Office on Tuesday pegged India’s growth rate at 7 percent for the current fiscal, 7.3 per cent for fiscal year 2018 and 7.7 percent for fiscal year 2019. In a statement, the CSO said, “Agriculture and allied sector growth estimated at 4.4 percent in 2016-17, up from 0.8[Read More…]
No plans to introduce ₹1,000 notes, says govt
BHIM app crosses 17 million downloads
Savings account weekly withdrawal limit increased
Normalcy in currency operations restored: Jaitley
Reply date for I-T queries on deposits extended till Feb 15
The government on Saturday extended the deadline for reply to SMS or e-mail queries from the income tax department on cash deposits made post demonetisation by 5 days to February 15. “Time limit for filing of online response to cash deposit data extended! Now you can file your details by[Read More…]
Possession of scrapped notes to be punishable
The government on Friday introduced a bill in Lok Sabha that provides for holding, transfer and receiving of old Rs 500 and Rs 1000 currency notes a criminal offence, punishable with a minimum fine of Rs 10,000. Holding of more than 10 scrapped notes of Rs 500/1000 denomination will be[Read More…]
Rs 94cr spent to popularize digital payments: Govt
RBI to launch new Rs. 100 currency note soon
The Reserve Bank on Thursday said it will soon put into circulation new Rs. 100 denomination notes in market. New Rs 100 notes will be similar to the design of the ones in Mahatma Gandhi Series-2005. “The Reserve Bank will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi[Read More…]
IT department asks taxpayers to verify online deposits made post demonetisation
Income Tax department on Thursday asked taxpayers to verify online the deposits they have made in their accounts post demonetisation and respond to queries of any mismatch. The department is using data analytics for comparison of deposits made after the November 8 decision to scrap high-value banknotes with information in[Read More…]
Things have gone bad to worse: Manmohan Singh on demonetisation
Former Prime Minister Manmohan Singh on Wednesday said that demonetisation has hurt the country very badly and things have gone bad to worst. “Demonetisation has hurt the country very badly. Things have gone from bad to worse in the past few months. Some say the GDP can be as low[Read More…]
Bihar leaders spar over demonetisation in public
Bihar’s IT minister Ashok Choudhary and Union minister Radha Mohan Singh sparred over demonetisation in public at the Digi Dhan Mela. The Digi Dhan Mela organised by the state information-technology department under the aegis of Niti Aayog to create awareness about cashless transactions. Choudhary tore into Singh’s claims once he[Read More…]
Advance GDP to ignore crucial impact of demonetization: HDFC report
According to a recent report released by the economists of the HDFC bank, GDP growth for the year 2017 to be close to 6.7% yr. However, there was a structural break caused by demonetization although there it will have no impact in the upcoming GDP. The new advance estimation might[Read More…]
Demonetisation chaos: Woman becomes topless at RBI gate
A woman, who was unable to get a few junked currency notes exchange, became topless in front of RBI regional office. Women along with her kid arrived in the bank to exchange junked currency notes on Wednesday, allegedly turned away by guards after repeated requests. In protest, she sat in[Read More…]
Impact on GDP not as bad as predicted: Jaitley on note ban
Claiming that critics were proved wrong on note ban, Finance Minister Arun Jaitley on Thursday said that impact ofdemonetisation on GDP so far not as bad as predicted. “Critics were proved wrong. There could have been adverse impact of demonetisation on GDP for quarter or so, but it is not[Read More…]
Violent clashes in WB, Mamata in Delhi to corner PM over demonetisation
A small town, Dhulagarh in West Bengal has been under panic since Dec 13, following violent clashes broke between two communities. Interestingly, West Bengal CM Mamata Banerjee, has not spoken even a single word about the incident. Though the incident has not reported by media houses but Banerjee, has hogged[Read More…]
Demonetisation: Tea garden payment deadlock continues; WB Tea Board reaches out to RBI
The government decision to demonetise high value currency notes has created troubles for the tea garden workers. Following government’s move the wages of the workers were hampered in West Bengal, Tamil Nadu, Kerala and Karnataka. In this regard, the government had asked banks in the tea-growing states to open accounts[Read More…]
Modi received funds from Sahara during his stint as Gujarat CM: Rahul Gandhi demands probe
Launching a scathing attack on Prime Minister Modi, Congress vice president Rahul Gandhi said that he was paid huge money during his stint as Gujarat Chief Minister. Gandhi said that Modi received crores from the Sahara Group. He said the company paid money to PM Modi on at least occasions[Read More…]