Exclusive: In Delhi, 800 firms registered at 2 vacant addresses
Over 800 firms are registered at two addresses in based out of Delhi, revealed a recent investigation carried out by Zee News Media. Out of the 800, more than 50 per cent firms are related to two big corporate houses engaged in real estate, power and finance - and are now under the scanner of the Income Tax Department.
Aug 31, 2017, 11:57 AM IST
Not all money returned to system post demonetisation was legitimate: Arun Jaitley
Speaking at The Economist conference, Jaitley said that the fact that money got deposited in banks does not make it legitimate money.
Aug 31, 2017, 10:33 AM IST
Significant portion of deposited notes could be illicit: Govt
The RBI in its Annual Report for 2016-17 said that 99 per cent of the junked 500 and 1,000 rupee notes has returned to the banking system.
Aug 30, 2017, 22:43 PM IST
Objective of demonetisation was to expand tax base, fight black money: Jaitley
Talking about return of 99 percent of junked currency into banking system, Jaitley said that money has now been identified with its owner.
Aug 30, 2017, 20:25 PM IST
8.9 crore notes of Rs 1000 not returned after demonetisation, says RBI
In its annual report for 2016-17, the RBI said that out of 632.6 crore pieces of Rs 1,000 currency notes in circulation, 8.9 crore have not been returned post the note ban last November.
Aug 30, 2017, 19:17 PM IST
It pays to be honest, I-T dept will go after evaders: Arun Jaitley
Under the Goods and Services Tax (GST), which was rolled out from July 1, in order to claim benefit of input credit, businesses have to disclose the volume of transaction in the form of invoice.
Aug 30, 2017, 19:10 PM IST
7.62 lakh pieces of counterfeit notes detected in FY17: RBI
It also said that barring Rs 100, the detection of counterfeit notes increased across denominations - notably, Rs 500 and Rs 1,000 -- during the last fiscal.
Aug 30, 2017, 19:05 PM IST
Demonetisation: 99% of banned Rs 500/100 notes worth Rs 15.28 lakh crore back in system, says RBI
The Reserve Bank revealed in its annual report for 2016-17 that Rs 15.28 lakh crore, or 99 percent of the Rs 15.44-lakh-crore scrapped currency notes, had come back to the central bank between the government’s demonetisation decision and June 30, 2017.
Aug 30, 2017, 17:30 PM IST
No proposal to reintroduce Rs 1,000 note: Govt
The statement comes amid reports that the Reserve Bank of India (RBI) and the Centre have finalised plans to launch a new series of Rs 1,000 notes to replace the demonetised notes in November last year.
Aug 29, 2017, 17:20 PM IST
RBI to launch new Rs 1000 note by December
The government would shortly start printing the new Rs 1,000 note to bridge the yawning gap between the existing Rs 500 and Rs 2,000 notes
Aug 29, 2017, 12:27 PM IST
I-T dept warns against cash dealings above Rs 2 lakh
In a public message, the department said "accepting Rs 2 lakh or more in aggregate from a single person in a day for one or more transactions relating to one event or occasion is prohibited".
Aug 28, 2017, 23:52 PM IST
Over 60% of MFIs adopt cashless disbursement: MFIN
The report said the rise in MFIs' cashless payment models are largely attributed to benefits of risk mitigation and increased operational efficiency that includes improved cash management practises, increased safety and staff productivity.
Aug 28, 2017, 17:38 PM IST
RBI launches Rs 200 note; promises to ramp up supply
The Reserve Bank on Friday launched the bright yellow 200 notes and said it will shortly ramp up the supply of the new currency note across the country.
Aug 25, 2017, 19:46 PM IST
Can you withdraw new Rs 200 notes through ATMs?
New Rs 200 notes will not be dispensed through ATMs – Here's why
Aug 25, 2017, 17:27 PM IST
RBI issues new Rs 200 notes to facilitate ease of transactions
Introduction of a new currency denomination and design is done keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.
Aug 25, 2017, 08:31 AM IST
New Rs 200 note to be issued from today, RBI says it will ease consumer transaction hassles
Initially the new Rs 200 notes will be circulated by select RBI offices, and some banks.
Aug 24, 2017, 13:18 PM IST
India's growth revival still a concern: Report
According to Dun and Bradstreet, distribution of monsoon remains uneven which might impact rural demand to an extent, while the transition to the Goods and Services Tax (GST) is likely to create some disruption and impact the immediate sales volume across businesses.
Aug 23, 2017, 20:08 PM IST
RBI to introduce Rs 200 notes by first week of September
The circulation of new Rs 200 notes will ease pressure on lower-denomination currencies that are in short supply.
Aug 23, 2017, 13:08 PM IST
FSDC takes note of economic headwinds, vows to stay alert
The Council, comprising regulators, took note of the overall stability that has been achieved on the back of improvements in macro-economic fundamentals, structural reforms with the launch of the Goods and Services Tax (GST), action being taken to address the twin balancesheet challenge and financial market confidence.
Aug 22, 2017, 14:48 PM IST
India's June quarter GDP to see modest recovery at 6.6%: Nomura
India is expected to see a modest recovery in GDP growth at 6.6 per cent for the April-June quarter as compared to 6.1 per cent in January-March, which was affected by demonetisation, says a Nomura report.
Aug 22, 2017, 12:00 PM IST
