Finance - general

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

PM unveils `Lucky Grahak Yojana’ and `Digi Dhan Vyapaar Yojana’

26 Dec 2016

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

I-T dept identifies 6.75 million potential non-filers for FY15

23 Dec 2016

Govt to reduce rate of deemed profit in I-T Act to 6% for non-cash receipts

19 Dec 2016

ED probing Rs2,700-cr post-note ban gold buys in Hyderabad

19 Dec 2016

Two more RBI officials held in currency exchange fraud in Bengaluru

19 Dec 2016

Mumbai’s Tata Memorial Hospital records 100% 'cashless' transaction

17 Dec 2016

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

PM’s Garib Kalyan tax scheme for black money holders to be notified soon

13 Dec 2016

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