Sunday , January 22 2017

Business

Rs 3-4 lakh crore unaccounted money deposited in bank accounts: IT dept

IT dept

Besides, the IT Dept said Rs 25,000 crore worth of cash was deposited in dormant bank accounts. New Delhi: The Income Tax Department suspects that nearly Rs 3-4 lakh crore of uncounted income has been deposited in banks post the demonization drive that began 2 months ago and is scrutinizing ...

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Collect PAN card info to the banks, says Centre

PAN card info

Jan Dhan accounts are exempt from rule. New Delhi: The government of India on Sunday asked banks to take permanent account number (PAN) Number or Form-60 if PAN is not available, from all bank account holders by February 28, 2017. Though, this rule will not apply to Basic Savings Bank ...

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Air India to provide seats at Rajdhani Express train’s fare

air-india

Air India tickets can be bought only from the Air India website, airline city booking offices and travel agents. New Delhi: Air India today publicized a restricted period special fares scheme below which passengers can book tickets at the charge of second class AC of Rajdhani express trains. Passengers roaming on ...

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States demand Rs 90,000 crore compensation to pass GST

GST

Earlier it was agreed that a Rs 55,000 crore GST recompense fund would be created by levying cess New Delhi: The GST Council meeting on Tuesday got hit over states demanding taxation rights for sales in high seas and demand that more things should be brought under cess to recompense ...

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CAIT wants govt to review implementation of MUDRA Yojana

mudra-yojana

Large number of small traders are incapable to obtain loans under the MUDRA Yojana scheme New Delhi: Traders’ body CAIT (Confederation of All India Traders) has recommended the government to review the implementation of MUDRA Yojana, appealing that a large number of small traders are incapable to obtain loans under the ...

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Withdrawal limit from ATM hiked to Rs 4,500 per day per card from January 1

withdrawal-limit

However, there has been no change in the weekly withdrawal limit, which stands at Rs 24,000. Mumbai: In a relief to common man, the Reserve Bank tonight stated cash withdrawal limit from ATMs will be increased to Rs 4,500 per day from the current Rs 2,500 from January 1. Though, ...

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CBDT extends deadline for tax settlement scheme till Jan 31

cbdt

The scheme provides for waiving interest and penalties if the principal amount involved in retrospective tax cases is paid. New Delhi: Providing the companies like Vodafone and Cairn Energy one more month to accept its offer to pay retro tax disputes, the government has prolonged till January 31 its one-time ...

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Viral Acharya, ‘Poor man’s Rajan’, new RBI Deputy Governor

viral-acharya

A 42-year-old Acharya’s appointment for three-year tenure was cleared by the Appointments Committee of the Cabinet. New Delhi: Government today have appointed Viral V Acharya, a New York University economics professor who onces called himself ‘poor man’s Raghuram Rajan’, as new Deputy Governor at the Reserve Bank of India. A ...

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