Finance - general
Modi launches Aadhaar-based BHIM app to push digital transactions
30 Dec 2016
With the Aadhar-based BHIM mobile app, the government plans to enable citizens and merchants to undertake realtime digital transactions through the Digi-Dhan Bazaar
Much headway in remonetisation, RBI pumping more money: Jaitley
29 Dec 2016
More currency is being re-circulated and the ability of banks to lend has increased, Jaitley said, adding that not a single incident of unrest has been reported
Demonetisation ordinance prescribes 4-year jail for possession of old Rs500, Rs1,000 notes
28 Dec 2016
Viral V Acharya appointed deputy governor of RBI
28 Dec 2016
Mayawati’s party deposited Rs104-cr in demonetised currency
27 Dec 2016
Reports quoting ED sources said the BSP account in Union Bank of India's Karol Bagh branch received the deposits of these demonetised currency between 2 and 9 December
Ordinance soon to ban possession of old notes beyond 30 December
27 Dec 2016
Possession of more than 10 old notes after 30 December may attract minimum Rs50,000 penalty while currency seized in raids will attract 137 per cent penalty
India needs lower taxation levels to be competitive: Jaitley
26 Dec 2016
While the introduction of the goods and services tax will help lower production costs, the finance minister also hinted at a general reduction in tax rates supported by better compliance by the taxpayer
Modi offers no respite in black money war, extends battle to benami property
26 Dec 2016
The government on Sunday announced a reward scheme for consumers and merchants for going cashless, even as the prime minister defended frequent changes to deposit/withdrawal rules
Govt won't allow the cash bulge again, says Jaitley
17 Dec 2016
While adequate liquidity is essential for meeting the needs of the productive sectors, there is not a direct link between excess liquidity and lending rates, according to the finance ministry
I-T seizes new and old currency in Bengaluru, Panjim, Faridabad
14 Dec 2016
More and more cases of collusion between black money holders and bank officials are coming to light as the I-T Department and other agencies expand searches to all parts of the country
Demonetisation would help govt lower tax rates in future: Jaitley
14 Dec 2016
As more hoarded money comes into the open, future tax revenues would also be much higher, which in turn would enable the government at some stage to make taxes more reasonable, Jaitley said
Karnataka JD (S) leader among 8 held in currency racket
13 Dec 2016
The CBI has so far arrested eight middlemen, four bank officials and a Reserve Bank official in raids, in which crores of rupees in new notes have been found
Govt to print plastic currency to foil counterfeiting; scraps all Rs500 notes
09 Dec 2016
The government is working on the introduction of plastic currency notes in its bid to stop counterfeiting of banknotes, even as the abrupt demonetisation failed to drive out bad money from the economy
Government to forgo tax on card transactions below Rs2,000
08 Dec 2016
Considering that 50-60 per cent of digital transactions in India are sub-Rs2,000 in value, this will cause a big revenue loss for the government
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