Demonetisation will be good for the country in the long run, says CMD, Union Bank of India
Kolkata, Dec 31 (IBNS): Demonetisation will be good for the country in the long run and will take time to yield positive effect, said Arun Kr. Tewari, CMD, Union Bank of India.
Following notes ban, tax collection increased: Arun Jaitley
New Delhi, dec 29 (IBNS): Union Finance Minister Arun Jaitley on Thursday said income tax collections have increased to the extent of 14.4 per cent due to government's demonetisation move.
RBI gives extra 30 days to repay loans in some categories
New Delhi, Dec 28 (IBNS): In a move to give some relief to citizens post demonetisation, the Reserve Bank of India (RBI) has directed lenders to provide an additional 30 days to borrowers in some categories for repayment of loans.
430 kg of gold, INR 12 lakh in new notes unveiled in Delhi raid
New Delhi, Dec 24 (IBNS): A new raid by officers has unveiled 430 kilograms of gold and INR 12 lakh in new notes from a Delhi firm, media report said.
Parasmal Lodha arrested by ED at Mumbai airport
Mumbai/Kolkata, Dec 22 (IBNS): Kolkata businessman Parasmal Lodha was arrested by the Enforcement Directorate (ED) at the Mumbai Airport on Thursday morning, reports said.
75% fall in supply of animal hide threatens closure of tanneries in major leather clusters: ASSOCHAM
New Delhi, Dec 19 (IBNS): Trade in major clusters of leather and leather products in India has been hit hard by the union government's move of demonetisation, observed a quick survey-cum-analysis by apex industry body ASSOCHAM.
RBI imposes restrictions on deposit of old notes until Dec 30
New Delhi, Dec 19 (IBNS): The Reserve Bank of India (RBI) on Monday has imposed new conditions on deposit of old notes exceeding Rs 5,000 in a bank account till Dec 30.
Political parties have not been granted any exemption post demonetisation: Jaitley
New Delhi, Dec 17 (IBNS): Union Finance Minister Arun Jaitley on Saturday said political parties have not been granted any exemption post demonetisation.
India has capacity to implement demonetisation decision : Arun Jaitley
New Delhi, Dec 17 (IBNS) : Terming the note ban decision a "courageous" move which has brought in a "refreshing change" in Indian economy, Union Finance Minister Arun Jaitley on Saturday asserted that India has the capacity to implement it.
After raids in 2 branches, Axis Bank says it won't tolerate any undesirable behaviours
New Delhi, Dec 15 (IBNS): After the IT officials raided two branches of the Axis Bank, the private sector bank on Thursday evening said that it will not tolerate any undesirable behaviours.
New Delhi, Dec 14 (IBNS): The Union Ministry of Finance made it very clear on Wednesday that revision in the returns filed will be only allowed for any omission or wrong statement and not making any changes in the income initially declared in the original return of income.
Demonetisation move has advantages: Jaitley
New Delhi, Dec 13 (IBNS): Batting in favour of the cash ban move launched by the Centre last month, Union Finance Minister Arun Jaitley on Tuesday said the entire step taken by the government has 'advantage'.
Mumbai, Dec 6 (IBNS): The Indian market ended slightly up on Tuesday with BSE Sensex up 43.66 points at 26392.76 and NSE Nifty up 14.40 points at 8,143.15, banking on firm Asian cues and investor buying ahead of the Reserve Bank of India policy review scheduled for Wednesday.
Demonetisation: Fake currency smuggling has decreased, says M V Naidu
New Delhi, Dec 5 (IBNS): Union Urban Development Minister M Venkaiah Naidu said on Monday that the move to demonetise higher currency notes have affected the smuggling of fake currency notes in India.
Demonetisation: Cashless economy not good for India, says economist Jean Dreze
Patna, Dec 3 (TheBiharPost/IBNS): Prominent economist Jean Dreze has said cashless economy is not good for a country like India.