Undisclosed income of Rs 71,941 crore found in 3 years: Government to Supreme Court
During the period of demonetisation from November 9 last year to January 10 this year, "The total undisclosed income admitted was more than Rs 5,400 crore" and the total quantity of gold seized stood at 303.367 kgs, the Finance Ministry has said in an affidavit to the apex court.
Jul 23, 2017, 10:53 AM IST
Undisclosed income of Rs 71,941 crore detected in 3 years: Government to Supreme Court
Similarly between April 1, 2014 to February 28 this year, the IT department conducted more than 15,000 surveys which led to "the detection of undisclosed income of more than Rs 33,000 crore".
Jul 23, 2017, 09:59 AM IST
Over one lakh Indian tourists likely to visit South Africa: Official
The country has registered a 21.7 percent increase in arrival of Indian leisure visitors in 2016, which stood at 95,377 and is in 8th position among international source markets, South African Tourism country manager-India, Hanneli Slabber told reporters here.
Jul 22, 2017, 18:47 PM IST
Money flow into financial savings increased post note ban: Viral Acharya
However, the Harvard professor said it will take years to judge the full impact of India`s demonetisation move in accelerating electronic payments and the larger picture is that the government has done much to promote financial inclusion.
Jul 22, 2017, 17:19 PM IST
Demonetisation, GST to widen tax base, make cash dealing difficult: FM
Arun Jaitley has said demonetisation and GST will make cash transactions a lot more difficult and lead to greater compliance as well as expansion of tax base.
Jul 22, 2017, 13:22 PM IST
Parliamentary panel likely to finalise report on demonetisation today
The Committee had already taken views of RBI Governor Urjit Patel and senior officials of the finance ministry on the government's decision to scrap old Rs 500/1000 notes from November 9 last year.
Jul 20, 2017, 11:08 AM IST
Parliamentary panel likely to finalise report on note ban tomorrow
The parliamentary panel on finance is likely to finalise its report on demonetisation of high value currency notes tomorrow, sources said.
Jul 19, 2017, 17:27 PM IST
Supreme Court refuses any direction on plea to exchange demonetised notes
The Prime Minister, in a televised address to the nation on November eight last year had declared that high denomination notes of Rs 500 and Rs 1000 would no longer be legal tender.
Jul 17, 2017, 23:56 PM IST
India remains fastest growing G20 economy under PM Modi
Economic growth is projected to remain strong and India will remain the fastest growing G20 economy, according to the latest edition of the OECD`s economic outlook report on India."Growth remains strong.
Jul 15, 2017, 19:47 PM IST
Demonetisation: I-T dept identifies another 5.56 lakh individuals under Operation Clean Money
The information in respect of the cases and accounts identified has been made available in the e-filing window of the PAN holder in the e-filing portal of the I-T department.
Jul 14, 2017, 17:27 PM IST
Demonetisation has brought nation 3 years ahead in digital payments: SBI Ecoflash
Demonetisation has brought the nation at least three years ahead in digital payments, SBI Ecoflash stated in its latest issue published on Thursday.
Jul 13, 2017, 18:40 PM IST
Parliamentary panel to submit demonetisation report in Monsoon Session
The Parliamentary panel on finance will present its report on demonetisation in the upcoming Monsoon Session and RBI Governor will not be called again on the note ban issue, the committee's chairman M Veerappa Moily said on Wednesday.
Jul 12, 2017, 20:18 PM IST
Rajasthan: ATS seizes old currency notes worth Rs. 2.70 crores
The Anti-Terrorist Squad (ATS) has seized Rs. 2 crore 70 lakh of old currency notes from the house of a garments trader in Rajasthan's Surajpole Saturday late night.
Jul 09, 2017, 10:22 AM IST
GST rollout smoother than anticipated: FM Jaitley
Finance Minister Arun Jaitley on Wednesday said that despite the anticipation of initial disruptions on account of the Goods and Services Tax (GST), the rollout of the new indirect tax regime from July 1 was smooth and without any significant glitches.
Jul 05, 2017, 19:54 PM IST
Residential launches decline 41% in H1 2017: Survey
Even as residential launches dropped 41 percent in January-June period this year against H1 2016, the real estate sector witnessed a resurrection in the affordable housing segment, a recent survey said.
Jul 05, 2017, 18:48 PM IST
Housing sales dip 26% in Delhi-NCR in H1, unsold units 1.8 lakh
Housing sales fell 26 percent in Delhi-NCR in the first half of 2017 as demand continued to be sluggish post-demonetisation despite a price correction of 20 per cent in the last 18 months, according to Knight Frank.
Jul 05, 2017, 17:42 PM IST
New Rs 200 notes not to be dispensed through ATMs?
The new notes will rather be circulated via bank branches like that in the case of Rs 10, Rs 20 and Rs 50 currency notes.
Jul 05, 2017, 11:25 AM IST
Failed to exchange demonetised notes? You might get another chance in 15 days
An SC bench has once again ignited the hope among many people for opening up of a window to exchange demonetised currency for those who could not do so by December 30, 2016 or by March 31.
Jul 05, 2017, 10:31 AM IST
Credit card bill payment exempt from cash dealing limit of Rs 2 lakh
Restrictions on cash dealings of Rs 2 lakh or more will not apply to credit card bill payments, business correspondents appointed by banks and issuers of prepaid instruments, the revenue department has said.
Jul 04, 2017, 15:47 PM IST
RBI places printing order for Rs 200 notes
It is the first time that the RBI is printing bills of 200 rupees.
Jul 04, 2017, 12:53 PM IST
