Sunday , April 30 2017

Tag Archives: demonetisation

World Bank: Demonetisation will have positive impact in long term

Demonetisation has positive impact in long term says, World Bank

World Bank says that before demonetisation India relied on cash to a greater extent than other large emerging markets. The World Bank says that the Demonetisation will have a positive impact in the long-term development of the country as it helps to rise the financial deepening, foster financial inclusion and ...

Read More »

Demonetisation impact: Over 60,000 depositors under IT lens

Demonetisation impact seocnd phase of OCM

Income-tax department said that it is launching the second phase of Operation Clean Money and identified 60,000 persons who made excessive cash deposits during demonetisation period. After the note ban, 60,000 persons have deposited the excessive cash and most of the people dealing with the high-value property, said Income tax ...

Read More »

Demonetisation was planned, decision not taken in a day: RBI Ex-deputy governor

Rama Subramaniam Gandhi

Rama Subramaniam Gandhi who was  retired  deputy governor of Reserve Bank of India says that decision on demonetisation was no taken on single day. The Ex-deputy Governor of Reserve Bank of India Rama Subramaniam Gandhi says that normalcy has returned to the currency system where the pace of cash withdrawals ...

Read More »

RBI clears proposal to introduce new Rs200 notes

Reserve Bank of India

The Board of RBI cleared the proposal to introduce  the Banknotes of Rs200 and the printing process of the notes will begin after June. After the note ban of Rs 500, Rs 1000 notes in November 2016, the Reserve Bank of India introduced new notes of Rs 500 and Rs ...

Read More »

CAG to audit demoneitsation impact on Govt tax revenues

CAG Shashi Kant Sharma

CAG is ready to determine the demonetisation impact of Rs 500, Rs 1000 notes on government tax revenues. The Comptroller and Auditor General of India, Shashi Kant Sharma plans to audit the effect of demonetisation and the impact it has had on the administration’s tax revenues. He said the accountant is ...

Read More »

Finance Ministry to Re-Consider on Surplus Cash Absorption by Banks

finance_ministry

Finance Ministry had called Bankers into a meeting to address the absorption of surplus cash in the banking system According to a leading news agency, the Finance Ministry, on Friday had called the bankers for a meeting to discuss on the surplus cash in Banking System. And it was decided that ...

Read More »

Industrialist Sekhar Reddy was arrested by ED under PMLA

Sekhar Reddy

Sekhar Reddy along with his two alleged associates were arrested by Enforcement Directorate under PMLA. Chennai: The Enforcement Directorate has arrested Industrialist J Sekhar Reddy and his two supposed associates in connection with corruption and money laundering case registered post demonetisation. A senior ED Officials said the three were arrested yesterday under ...

Read More »

PM Narendra Modi revisits economic reform agenda after BJP’s victory in UP

Modi

Prime Minister Narendra Modi after victory in UP elections,  now revisits economic reform agenda to boost growth and Jobs.  Prime Minister Narendra Modi, fresh from his election victory in Uttar Pradesh, now has a chance to advance his economic reform agenda. Surprisingly the voters in Uttar Pradesh supported the Bharatiya Janata ...

Read More »