Sunday , February 26 2017

Tag Archives: demonetisation

Weekly cash withdrawal limit raised to Rs 50,000 from Feb 20; limits end by March 13

cash withdrawal limit

New Delhi: Reserve Bank of India (RBI) on Wednesday raised the weekly cash withdrawal limit to Rs 50,000 from Rs 24,000, which will be effective from February 20. RBI also announced that from March 13 there will be no cap on cash withdrawal from the savings account. “The limits on ...

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100% penalty for cash transactions over ₹3 lakh: Hasmukh Adhia

cash transactions

Supposing you do a transaction of ₹4 lakh in cash, then the penalty would be ₹4 lakh. If you do a transaction of ₹50 lakh, penalty would be ₹50 lakh” Revenue Secretary Hasmukh Adhia says Delhi: In an attempt to check generation of black money, a steep penalty awaits those accepting ...

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Cabinet nod to two-month waiver for farm loans

farm loans

New Delhi: The Cabinet on Tuesday officially approved a two-month interest waiver on short-term farm loans in use from cooperative banks. The decision was declared by Prime Minister Narendra Modi on New Year’s Eve as a relief measure to aid winter planting next demonetization of high-value banknotes in November led ...

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Rajasthan students to study cashless economy and demonetisation soon

cashless economy

Beginning next academic session, cashless economy and demonetization will be a part of the economics syllabus at Class 12th level. Jaipur: Rajasthan Board of Secondary Education (RBSE) has decided that demonetization and cashless economy topics to be included in schools at the senior secondary level. RBSE (Rajasthan Board of Secondary ...

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Hyderabad 5 houses burgled city outskirts

burglars broke into the houses and fled with gold jewellery and silver

Hyderabad burglars broke into the houses and fled with gold jewellery and silver articles city outskirts. In Hyderabad Burglars broke into five houses on the city outskirts and fled with gold jewellery and silver trainings. The thefts happened in four locked flats in an apartment complex in Medchal and at ...

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Telangana govt puts off realty auction

Telangana govt puts off realty auction

Telangana Government plans to wait for six more months for auction. Realty slump produced by demonetisation has halted the auction of lands by the Telangana govt. TS government has readied an e auction notification putting 400 acres of dissimilar land parcels on the city outskirts for sale as per the ...

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RBI raises daily cash withdrawal limit from ATMs to Rs 10,000

daily cash withdrawal

RBI raises daily cash withdrawal limit to Rs 10,000 from Rs 4,500 Mumbai:  In a surprising move, Reserve Bank of India (RBI) on Monday raised daily cash withdrawal limit at ATMs to Rs 10,000. The cash withdrawal limit has been raised to Rs 10,000 with immediate effect, stated reports. At Present, ...

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Smriti Irani’s 3 Replies To Rahul Gandhi Fire Up Twitter

Smriti Irani

New Delhi: Union Minister Smriti Irani‘s back-to-back sneer at Rahul Gandhi over his criticism of Prime Minister Narendra Modi and the demonetization have stirred Twitter. Ms Smriti Irani, who has not often missed a chance to duel with the Congress Vice President since she challenged him in his constituency Amethi ...

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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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Host of problems hit cashless business


Cashless digital transactions are also hit due to the number of reasons. Even although many of the shops have installed swiping machines, the supporting infrastructure is not ready. Two months after a demonetization, people are still reeling from a shortage of cash. Kakinada: Two months after a demonetization, people are ...

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