Tag: notes ban

New Schemes announced by PM Modi on New Year’s eve address

Posted on Sunday, January 1, 2017 1:10 amDecember 31, 2016 Posted in News by kanaka Lakshmi 800 views

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…

Demonetisation: Unaccounted deposits in old notes to attract 50% tax, 4-year lock-in period

Posted on Saturday, November 26, 2016 4:03 amNovember 26, 2016 Posted in News by kanaka Lakshmi 800 views

Unaccounted deposits made in old currencies up to December 30 will attract a 50 per cent tax and a lock-in about four years if it is declared to the Income Tax Department, sources in the government said on Friday, as the central government continues to plug holes 20 days after it announced that high-value currency…