Misuse of Jandhan Accounts Will be Punished: Govt

Misuse of earlier announcement by the Government that small deposits made in the banks by artisans, workers, housewives, etc. would not be questioned by the Income Tax Department within the limit of Rs. 2.5 lakh will not be allowed any more, warned the government, There are some reports that some people are using other persons’ bank accounts to convert their ...

Read More »

26 Indians Probed for Swiss Accounts, Black Money: Minister

Based on the information provided by the foreign government (Germany) regarding banks accounts held by Indians in Liechtenstein and Switzerland, action under the Income-tax Act, 1961 has been taken on the 12 trusts/entities, involving 26 individuals of Indian origin/nationality, said Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha ...

Read More »

Move Over RBI, Banks on Their Own Now Ban Exchange for 1 Day

Neither the country’s central bank, nor the government could stop the banks from choosing their own course of action in the midst of currency crisis being faced in the country. On their own volition, banks under Indian Banks’ Association on Friday said that all banks will serve only their own customers for one day and will not exchange the old ...

Read More »

Demonetisation decision of the century? Claims Minister

Amid chaos over the country with ATMs showing NO CASH board, people fighting with bank staff, it is chaos and anarchy all over the country. Though nobody is questioning the ban if Rs.500 and Rs.1000 notes, the way the RBI was totally taken aback by the decision is intriguing the whole country. Little work has gone into the decision when ...

Read More »

Meteorites Show Evicence of Lasting Drought on Mars

  The lack of liquid water on the surface of Mars today has been demonstrated by new evidence in the form of meteorites on the Red Planet examined by an international team of planetary scientists. In a study led by the University of Stirling, an international team of researchers has found the lack of rust on the meteorites indicates that ...

Read More »

Sales in Sugary Drinks Drop 20% After Campaign

After a multi-faceted campaign that included policy changes and community education efforts, residents of one Maryland county put fewer sugary drinks in their grocery carts, according to research presented at the American Heart Association’s Scientific Sessions 2016. Drinks loaded with added sugars are one of the leading sources of empty calories in the diet of both children and adults, and ...

Read More »

RBI May Reduce Rates, Hope Builders

While the nation reels under the impact of non-availability of exchange posed by demonetisation, especially in terms of exchanging the old Rs. 500 and Rs. 1000 notes for new ones, home seekers might just end up with positive gains from the scenario, hope builders, despite being wary of removal of black money. “It looks like being ‘advantage home buyer’ on ...

Read More »

Device to Stem Diabetes Developed by Japan Scientists

Scientists of Kumamoto University in Japan have developed a new wearable strip to help treat type 2 diabetes, even in obese, disabled or elderly people that can effect visceral fat loss and improve blood glucose. Their clinical study showed that a new device is effective in preventing and treating diabetes, especially with patients who had been taking diabetes drugs but ...

Read More »

Currency, Bank Crisis: Minimum Cash Withdrawal Increased to Rs. 2500, Exchane to 4500

The Union Finance Ministry today reviewed the position regarding availability and distribution of all denomination of bank notes and has decided to take some emergency measures to face the situation of severe cash crunch in the country. While the daily limit of cash withdrawal has been increased from Rs.4,000 to Rs.4,500, pensioners can now submit their life certificates up to ...

Read More »

India International Trade Fair-2016 Opens at Pragati Maidan Today

The annual flagship event of India Trade Promotion Organisation (ITPO), the 36th India International Trade Fair (November14-27, 2016) will be inaugurated by President Pranab Mukherjee today at Hamsadhwani Theatre, Pragati Maidan, New Delhi. The Commerce & Industry Minister, Nirmala Sitharaman will preside over the inaugural function. This year, as many as 7000 participants are taking part in the fair. The ...

Read More »

There’s Enough Cash with RBI, Says Govt; Exempts Court Fee, Co-op Store Purchases, Toll Plazas

Following hue and cry over the shortage of new currency in banks and ATMs, the government said on Friday that the payment of old and demonetised notes will be allowed now even in court fee, consumer cooperative stores with ID proof, utility bill payment, and toll plazas. While cancelling the legal tender character of the existing series of high denomination ...

Read More »

Kanhaiya Kumar Writes Book, Seeks Common Front Against BJP

Kanhaiya Kumar, former JNU Students Union President who was charged with sedition in February this year and jailed in Tihar finally revealed it all in his book “From Bihar to Tihar”. In his book he has called for unity of the Congress, the Left and parties like the AAP on common issues and perceptions to defeat the Juggernaut of BJP ...

Read More »

Full Text of PM Narendra Modi’s Speech in Tokyo Today Visit To Japan

Here is the full text of Prime Minister Narendra Modi’s speech given in Tokyo today during his visit that successfully concluded the six-year-long negotiations in a bilateral nuclear pact ensuring six nuclear reactors in India in the next five years. “Your Excellency, Prime Minister Abe, Friends, Mina-Sama, Komban Wa!  A Zen Buddhist saying in Japanese says – “Ichigo Ichie” , ...

Read More »

Rahul Gandhi Joins ATM Q-line to Highlight Common Man Woes

In a bid to highlight severe currecy crunch being faced India, Congress Vice President Rahul Gandhi joined the quarantine queue in front of the SBI Parliament Street Branch in view of non-availability of Rs.500 and Rs.1000 notes. The long queues in front of banks and ATMs has taken the centre-stage on Friday over the unplanned financial shutdown in the country ...

Read More »

Finally India, Japan Sign Nuclear Deal, What Next?

More than six years of nods and disagreements on several clauses of using Japan nuclear technology for reactors in India, Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe signed a deal in Tokyo today. After the deal, Modi said: “The Agreement for Cooperation in Peaceful Uses of Nuclear Energy marks a historic step in our engagement to build ...

Read More »

Will Trump Keep up Obama’s Digital Transition in White House?

As the outgoing Obama Administration plans to preserve and pass on the digital history of the White House to President-elect Donald Trump’s administration, questions over the conitnuity of social media revolution brought in by President Barack Obama have surfaced. President Obama is the first “social media president” to kick-start @POTUS on Twitter, the first to go live on Facebook from ...

Read More »

Currency Crisis Hits Common Man Hard as Banks Still Unprepared

While the middle class and the common man has appreciated PM Narendra Modi’s move to ban Rs.500 and Rs.1,000 notes to wipe out black money in the country ahead of polls in key states, the half-hearted or completely unprepared banks have been showing hell to common man. While RBI, the regulator said ATMs will start re-opening a day after the ...

Read More »