Demonetisation has led to instant extinguishment of Pak-printed high quality Fake Indian Currency Notes which has also adversely affected the hawala operators, said Minister of
Category: Demonetization
Demonetisation: Arun Jaitley tells Parliament why RBI will take time to count scrapped notes deposited in banks – The Financial Express–02.08.2017
Finance Minister Arun Jaitley today said the RBI is in the process of counting scrapped currency notes and will come out with the final figures
Honest taxpayers? Demonetisation impact visible already, GST will add to it – The Financial Express–28.07.2017
The government, it is true, did not get much traction in the post-demonetisation PMGKY amnesty scheme, but going by the increase in the number of
Tax evasion: Demonetisation crackdown round two: Tax sleuths target corporate accounts–Economic Times–27.07.2017
After targeting individuals who made large cash deposits in banks during or after demonetisation, the income-tax department is now going after businesses that deposited lots
Rs 2000 note: Demonetisation again? There are signs of another currency ban coming–Economic Times–27.07.2017
The Opposition in Rajya Sabha today asked Finance Minister Arun Jaitley to clarify whether the government has decided to scrap the newly launched Rs 2,000
[ Changing of Calender Year ] Govt in a hurry | Business Line–26.07.2017
It commenced with an operation to cleanse Black Money that is still ongoing under different names. It continued with merging the Railway Budget with the
I-T department probing 30,000 cases where ITRs were revised after demonetisation: CBDT–Economic Times–25.07.2017
The Income Tax department is probing over 30,000 cases of alleged tax evasion wherein the returns (ITRs) were revised by assessees post demonetisation, CBDT chief
RBI to hire 12 currency verification systems to weed out fake notes | Business Standard News–24.07.2017
The Reserve Bank will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.
Rahul Bajaj: Rahul Bajaj questions note ban, but praises GST–21.07.2017
Bajaj AutoBSE -0.22 % chairman Rahul Bajaj questioned whether demonetisation had achieved its aims while applauding the government for implementing the goods and services tax
Fake currency of Rs 11.23 crores face value detected post demonetisation – The Financial Express–19.07.2017
Fake currency having face-value of over Rs 11.23 crore was detected in 29 states post demonetisation, the government informed Parliament today. In a written reply
gdp: Not possible to isolate note ban impact on GDP: Government–Economic Times–19.07.2017
When industry had expressed concern that the anti-profiteering initiative may evolve into a modern-day inspector raj, it was assured that this wouldn’t be the case.
A sequencing issue | Business Standard Editorials–18.07.2017
It is too soon to determine the overall effect of the goods and services tax, or GST. Certainly, the roll-out, while expectedly disruptive, has not
Paytm online shopping platform delists 85,000 sellers | Business Standard News–17.07.2017
Paytm Mall, owned by Paytm E-Commerce Pvt Ltd, is revamping the onboarding process for sellers and has delisted as many as 85,000 of them to
Only 7% rise in transactions through cards post demonetistion | Business Line–17.07.2017
Transactions through debit and credit cards rose by merely seven per cent post demonetisation, as against a surge of over 23 per cent in overall
Demonetisation: 5.5 lakh under I-T lens for deposits after note ban–Economic Times–15.07.2017
Over 5.5 lakh people who deposited cash during the demonetisation drive are set to get a call from the income tax department while another one
Under Operation Clean Money II, 6.6 lakh more persons on I-T radar | Business Line–15.07.2017
In hot pursuit of black-money hoarders who may have made high-value cash deposits during the demonetisation window, the Income Tax Department has identified an additional
P Chidambaram mocks Urjit Patel, says RBI buying note counting machines 8 months after demonetisation – The Financial Express
Taking a scathing jibe at Reserve Bank of India Governor Urjit Patel, senior Congress leader P Chidambaram on Monday questioned the timing of central bank’s
Demonetisation, GST: Will small traders lose their ardour for the BJP? | Business Standard News–11.07.2017
Steadfast supporters of the Bharatiya Janata Party, Small traders have been bitten twice by its government in quick succession. In November, demonetisation sent them scurrying
A GST that could get better with time–Business Standard–10.07.2017
Much to the government’s relief, the first few days after the roll-out of the goods and services tax (GST) have seen very little disruption in
Demonetisation effect: Advance tax given by individuals in June quarter rises more than 40%–Economic Times–07.07.2017
Advance tax payments for the current financial year by individuals rose more than 40% in the June quarter from the year-earlier period. Meanwhile, the government
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