Manmohan said bad implementation of GST Former Prime Minister Manmohan Singh on Friday sharply criticised the government on demonetisation and jobs data and said the state of affairs in the country were a powerful indictment of the BJP-led government He also accused the government of “bad implementation” of…
President Pranab Mukherjee said on Thursday that demonetization, while immobilising black money and fighting corruption, may lead to temporary slowdown of the economy. “We all will have to be extra careful to alleviate the suffering of the poor which might become unavoidable for the expected progress in the long…
A farmer received from Madhya Pradesh’s Sheopur district, received on Thursday Rs 2,000 notes without the image of Mahatma Gandhi from a State Bamk of India of the region. The image of Mahatma Gandhi was missing from the notes because of a “printing error”, the farmers were told, according to a report in…
The Reserve Bank of India said on Saturday, the Non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till June 30, 2017. However, Indian citizens in Nepal, Bhutan, Pakistan and Bangladesh cannot avail this facility. “Resident Indian citizens who were abroad during November 9, 2016 to December 30,…
Prime Minister Narendra Modi announced on Saturday two new housing schemes benefiting the economically backward sections as well as financial aid for pregnant women. Wishing the nation a happy new year, Modi assured that his government’s efforts in 2017 would be to bring the banking system to normal at the…
The Reserve Bank on Friday late night increased the withdrawal limit from ATMs to Rs 4,500 per day from the current Rs 2,500 from January 1. However, there has been no change in the weekly withdrawal limit, which stands at Rs 24,000, including from ATM, for individuals (Rs 50,000 in case of small traders). “On…
The Reserve Bank of India has asked banks to report details of deposits of Rs. 1,000 and old Rs 500 notes to it after the close of banking hours on Friday, which is the last date for banks to accept the invalid currency. “With the closure of the facility of exchange of SBNs [defunct notes] as at the close of business…
Prime Minister Narendra Modi on Sunday reiterated that his Government will soon operationalise a strong law to effectively deal with ‘benami’ properties to carry forward the ‘war’ against black money and corruption and this was just the beginning. In his last Mann Ki Baat of the year, Modi said the government…
The Income Department claims it has seized over Rs 3,185 crore of undisclosed income has been detected while Rs 86 crore worth new notes have been seized as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government, PTI reported on…
Seeking to check the use of black money and money laundering in polls, the Election Commission has urged the government to amend laws to ban anonymous contributions of Rs 2,000 and above made to political parties. While there is no constitutional or statutory provision on the receipt of anonymous donations to political…