Black money in primary housing market dropped by 75-80 pc post demonetisation: Anarock

Mumbai/IBNS: There has been a drop of 75-80 percent in cash transactions in primary residential market after demonetisation in late 2016, housing brokerage firm Anarock on Wednesday said.

Demonetisation, GST encourage digitisation: FM Nirmala Sitharaman

Dharwad, Oct 5 (UNI): Union Finance Minister Nirmala Sitharaman on Saturday said demonetisation and GST encouraged digitisation which will alternately drive the country towards open and transparent economic system.

Demonetisation has ensured more revenue and better quality of life : Arun Jaitley

New Delhi, Nov 8 (IBNS) : On the second anniversary of demonetisation, which drew sharp criticism from the opposition as well as a section of economists, Union Finance Minister Arun Jaitley on Thursday said it has led to "more revenue, better infrastructure and better quality of life" for the people.

Usage of mobile banking and digital payment grows dramatically in India post demonetisation, FIS Survey shows

Kolkata, June 21 (IBNS): A recent study from financial services technology leader FIS shows a dramatic increase over the past year in the use of mobile devices and other digital banking channels by consumers in India, demonstrating the extent to which country’s demonetisation efforts are changing consumer banking habits.

Adhaar becomes mandatory for IT returns and applying for PAN

New Delhi, Mar 21 (IBNS): Adhaar card would be mandatory for filing Income Tax returns and applying for PAN from July onwards, as the government decided on Tuesday.

Budget 2017: No cash transaction above Rs three lakhs proposed

New Delhi, Feb 1 (IBNS): Union Minister Arun Jaitley in his Budget 2017 speech on Wednesday said that the Government has decided that no transaction above rupees three lakh will be permitted in cash.

IMF cuts India's growth rate following demonetisation stress

Washington, Jan 17 (IBNS): In a setback for the Indian government, the International Monetary Fund (IMF) has cut India's growth rate to 6.6 percent for the current fiscal year, a decrease by one percent from its previous estimate.

SBI chairman dismisses Manmohan Singh's allegation, says demonetisation won't affect economic growth

Guwahati, Jan 12 (IBNS): The Chairman of State Bank of India (SBI) Arundhati Bhattacharya on Thursday denied the allegation of former Prime Minister Manmohan Singh on demonetization.

Demand for two-wheeler, consumer durable loans experience largest initial impact from demonetization: TransUnion CIBIL

Mumbai, Jan 11 (IBNS): Consumer loan demand for two-wheeler and consumer durable loans have seen significant drops since the Nov 8, 2016 demonetization announcement, according to a new analysis by TransUnion CIBIL.

Indian market gain on Wednesday, World Bank estimates 2017 global growth to rise 2.7 per cent

Mumbai, Jan 11 (IBNS): The Indian market closed on positive note on Wednesday with BSE Sensex up 240.85 points at 27140.41 and NSE Nifty up 92.05 points at 8380.65.

Indirect, direct tax collection up despite demonetisation says Finance Minister Arun Jaitley

New Delhi, Jan 9 (IBNS): Union Finance Arun Jaitley said on Monday that indirect and direct tax collection has gone up during the first three quarters of the current fiscal despite demonetisation in November, according to media reports.

Growth will be lower because of demonetisation: Chidambaram

New Delhi, Jan 7 (IBNS): Congress leader P Chidambaram on Saturday attacked the Centre over the note ban issue and said the move will lower India's growth.

RBI asks for documents from airports for accepting banned notes

New Delhi, Jan 5 (IBNS): The Reserve Bank of India has now directed that those who want to deposit old Rs.500 and Rs.1000 notes at its offices should carry a stamped document from the airport to prove that they were abroad.

Indian benchmark indices end Thursday in the green

Mumbai, Jan 5 (IBNS): The Indian market ended in the green on Thursday with BSE Sensex up 245.11 points at 26878.24 and NSE Nifty up 83.30 points at 8273.80.

Govt keen to weed out black money says IT director

Kolkata, Jan 3 (IBNS): At a recent seminar on the Pradhan Mantri Garib Kalyan Yojana, Additional Director of Income Tax, Intelligence and Criminal Investigation, P. B. Pramanik said the government has adopted a strict stance in its war against black money.