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Tag Archives: demonetisation

Ujjivan Reports Decline in Profit Due to Non-Repayments Post-Demonetisation

Ujjivan Financial Services has reported 64.76% decline in its net profit which stood at Rs.19.35 crore in the quarter ended March 31, 2017. Last year, it reported a net profit ...

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After 1000, 500 Notes, Rs.10 Coin Lost Value Despite RBI Clarification

The Reserve Bank of India said refusal of Rs.10 coin as tender is very much legal and the absence of the rupee ₹ symbol should not deter people from accepting ...

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UP Election Analysis: Akhilesh Yadav Emerges New ‘Younger’ Hope for Uttar Pradesh

Despite BJP and Congress wriggling under pressure to wrest the fort of UP into their domain, it was Akhilesh Yadav who stole the show as ever, ending the term of ...

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Demonetisation Loophole Lies in Exemption of Political Funds

The loophole in the entire gamut of demonetisation is out finally and the political parties are exempted from restrictions on depositing old currency notes in their bank accounts, said Revenue ...

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Now Opposition United Against Rahul Gandhi

Delhi chief minister and Aam Aadmi Party chief Arvind Kejriwal who stood behind Rahul Gandhi was taken aback when the Congress vice-president met Prime Minister Narendra Modi with his own ...

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Finally, Modi Meets Rahul Gandhi, Opposition Unity a Farce?

When Rahul gandhi told media that his information on personal corruption of Prime Minister Narendra Modi would trigger an earthquake, not many took it seriously but the PM himself came ...

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Finance Minister Warns Strict Action on Cash Diversions from Banks

Finance Minister admitted that some unscrupulous people including some in the banking system have been trying to subvert the system once again and accumulating large amount of cash unlawfully. "Obviously, ...

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Demonetisation: Ministry Thanks Banks Which Failed People, Diverted New Notes to Black Money Holders

The Finance Ministry has appreciated the role played by the banks post-demonetisation especially when the old currency was accepted and till 24th November, 2016, when exchange of old currency to ...

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Cash Crunch, Future Lending Dominate Financial Inclusion Summit 2016

The two-day Inclusive Finance India Summit, formerly known as Microfinance India Summit, concluded on Tuesday with bankers and lenders vowing to stem the cash crunch that is hitting the industry ...

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Earn Honestly, Pay Taxes Honestly, says Minister

Union Minister (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, addressing a gathering comprising of the trader fraternity at the Less-Cash India Summit, said the ...

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RBI Cracks Whip on Jan Dhan Yojana Bank Accounts, Now it Takes 2 Years to Get Back Rs.2 Lakh Deposited

As Jan Dhan Yojana accounts meant for the unbanked rural people came under the black money purview with mysterious increase of 60% after demonetisation amounting to Rs.72,834 crore worth deposits ...

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Bharat Bandh Tomorrow Over Demonetisation: Schools May be Closed in Bangalore, BMTC, KSRTC Buses Off Roads

As opposition continued its war against the government move to demonetise Rs.500 and Rs.1000 notes by declaring a nation-wide bandh, support from Congress-ruled states and in West Bengal and Kerala, ...

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JNU Alumni, BJP Minister Nirmala Sitharaman Speaks Out

Whether you are from Congress or BJP, a JNU alumni speaks out from heart and not from position once inside the red brick walls of JNU in New Delhi. So ...

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Shaktikanta Das Lists Govt Measures on ATMs, Rural Cash, RUPAY, and More

Economic Affairs Secretary Shaktikanta Das said the government has sanctioned Rs. 21,000 crore NABARD keeping in mind the farmers and promoting digital transactions in rural areas. It entails district cooperative ...

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Demonetisation: Railway Ticket Online Reservation to be Rs.40 Less Until Dec.31, Other Measures at Glance

In view of ongoing cash crunch, the Railway ministry has accepted a proposal to repeal service charges on train tickets booked on its portal irctc.co.in to encourage credit or debit ...

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Big Bazaar to Provide Rs.2000 Cash Withdrawal on Debit Card Now

After some pterol bunks were put into operation for dispensing Rs.2000 cash, retail major Big Bazaar will offer cash dispensation to ease the cash crunch in India. But only debit ...

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Declaration of Undisclosed Black Money far less than what’s declared after Demonetisation

A total number of 64,275 declarants have made declaration of undisclosed income of Rs.65,250 crore under the Income Declaration Scheme, 2016, which is far less than what’s been unearthed in ...

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IFFI: Cinema in 1946 Portrayed Demonetisation, Recollects Venkaiah Naidu

  M. Venkaiah Naidu, Minister of Information & Broadcasting has recalled the 1946 film titled “Vijayalakshmi” produced in 1946 on demonetisation during the British rule and praised the creativity of ...

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Demonetisation: Deposited More Than Rs.2.5 Lakh Cash? Then Await Income Tax Notice Soon!

As expected, the Income Tax Department has swiftly sent out notices to all those who have deposited Rs.500 and Rs.1000 notes worth more than Rs.2.5 lakh and individuals or firms ...

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Demonetisation Temporary Solution to End Black Money: Prof. Yunus

As experts are cautiously making their views known about the demonetisation move of India, microfinance founder and Nobel laureate Prof. Muhammad Yunus said on Saturday that it was a temporary ...

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