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Deposits in lakhs made post-note ban under tax scanner: Officials

Deposits in lakhs made post-note ban under tax scanner: Officials

Thu, Feb 02, 2017

The first phase data from the government`s "Operation Clean Money", launched earlier this week, has revealed deposits worth lakhs of crores in old notes made after demonetisation into accounts and are being scrutinised by Indian tax authorities, senior officials have said.

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RBI may push back AQR exercise by few months on Demonetisation impact

RBI may push back AQR exercise by few months on Demonetisation impact

Sun, Jan 29, 2017

The Reserve Bank is expected to extend the deadline for asset quality review (AQR) of lenders by a few months because of the unusual situation in the financial sector following demonetisation, bankers said.

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Note ban has caused Rs 20,000-50,000 per acre loss to farmers

Note ban has caused Rs 20,000-50,000 per acre loss to farmers

Sun, Jan 22, 2017

India`s cash-driven agri sector continues to reel under the effects of demonetisation, with farmers growing fruits and vegetables suffering "huge losses," say farm leaders who want the Union budget to "compensate" them for these losses.

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PM Narendra Modi defends cash ban, announces incentives during New Year's address to nation

PM Narendra Modi defends cash ban, announces incentives during New Year's address to nation

Sun, Jan 01, 2017

Prime Minister Narendra Modi announced a series of incentives to the poor, farmers, women and small businesses on Saturday in a New Year`s address, and defended his recent decision to abolish high denomination bank notes.

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Demonetisation: India cash ban slims down big fat weddings

Demonetisation: India cash ban slims down big fat weddings

Wed, Nov 30, 2016

Jatin Pal`s wedding was just days away and his family were finalising plans for an extravagant multi-day celebration -- then Indian Prime Minister Narendra Modi banned high denomination notes overnight, casting a dark shadow over the festivities.

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