Black money in primary housing market dropped by 75-80 pc post demonetisation: Anarock
Nov 18, 2021, at 06:48 am
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
Oct 05, 2019, at 06:21 pm
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
Nov 08, 2018, at 12:40 pm
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.
Jun 21, 2017, at 11:24 pm
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
Mar 22, 2017, at 03:15 am
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
Feb 01, 2017, at 08:15 pm
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
Jan 17, 2017, at 04:32 pm
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
Jan 13, 2017, at 03:43 am
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.
Jan 12, 2017, at 01:37 am
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
Jan 11, 2017, at 09:44 pm
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
Jan 09, 2017, at 08:24 pm
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
Jan 07, 2017, at 09:33 pm
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
Jan 06, 2017, at 02:59 am
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
Jan 05, 2017, at 11:37 pm
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
Jan 03, 2017, at 06:48 pm
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.
Demonetisation will be good for the country in the long run, says CMD, Union Bank of India
Dec 31, 2016, at 02:44 pm
Kolkata, Dec 31 (IBNS): Demonetisation will be good for the country in the long run and will take time to yield positive effect, said Arun Kr. Tewari, CMD, Union Bank of India.
Following notes ban, tax collection increased: Arun Jaitley
Dec 30, 2016, at 04:18 am
New Delhi, dec 29 (IBNS): Union Finance Minister Arun Jaitley on Thursday said income tax collections have increased to the extent of 14.4 per cent due to government's demonetisation move.
RBI gives extra 30 days to repay loans in some categories
Dec 29, 2016, at 05:06 am
New Delhi, Dec 28 (IBNS): In a move to give some relief to citizens post demonetisation, the Reserve Bank of India (RBI) has directed lenders to provide an additional 30 days to borrowers in some categories for repayment of loans.
430 kg of gold, INR 12 lakh in new notes unveiled in Delhi raid
Dec 24, 2016, at 08:11 pm
New Delhi, Dec 24 (IBNS): A new raid by officers has unveiled 430 kilograms of gold and INR 12 lakh in new notes from a Delhi firm, media report said.
Parasmal Lodha arrested by ED at Mumbai airport
Dec 22, 2016, at 04:56 pm
Mumbai/Kolkata, Dec 22 (IBNS): Kolkata businessman Parasmal Lodha was arrested by the Enforcement Directorate (ED) at the Mumbai Airport on Thursday morning, reports said.
75% fall in supply of animal hide threatens closure of tanneries in major leather clusters: ASSOCHAM
Dec 20, 2016, at 03:11 am
New Delhi, Dec 19 (IBNS): Trade in major clusters of leather and leather products in India has been hit hard by the union government's move of demonetisation, observed a quick survey-cum-analysis by apex industry body ASSOCHAM.
RBI imposes restrictions on deposit of old notes until Dec 30
Dec 19, 2016, at 09:55 pm
New Delhi, Dec 19 (IBNS): The Reserve Bank of India (RBI) on Monday has imposed new conditions on deposit of old notes exceeding Rs 5,000 in a bank account till Dec 30.
Political parties have not been granted any exemption post demonetisation: Jaitley
Dec 18, 2016, at 04:53 am
New Delhi, Dec 17 (IBNS): Union Finance Minister Arun Jaitley on Saturday said political parties have not been granted any exemption post demonetisation.
India has capacity to implement demonetisation decision : Arun Jaitley
Dec 17, 2016, at 05:40 pm
New Delhi, Dec 17 (IBNS) : Terming the note ban decision a "courageous" move which has brought in a "refreshing change" in Indian economy, Union Finance Minister Arun Jaitley on Saturday asserted that India has the capacity to implement it.
After raids in 2 branches, Axis Bank says it won't tolerate any undesirable behaviours
Dec 16, 2016, at 01:51 am
New Delhi, Dec 15 (IBNS): After the IT officials raided two branches of the Axis Bank, the private sector bank on Thursday evening said that it will not tolerate any undesirable behaviours.
Dec 14, 2016, at 09:26 pm
New Delhi, Dec 14 (IBNS): The Union Ministry of Finance made it very clear on Wednesday that revision in the returns filed will be only allowed for any omission or wrong statement and not making any changes in the income initially declared in the original return of income.
Demonetisation move has advantages: Jaitley
Dec 14, 2016, at 12:13 am
New Delhi, Dec 13 (IBNS): Batting in favour of the cash ban move launched by the Centre last month, Union Finance Minister Arun Jaitley on Tuesday said the entire step taken by the government has 'advantage'.
Dec 06, 2016, at 09:58 pm
Mumbai, Dec 6 (IBNS): The Indian market ended slightly up on Tuesday with BSE Sensex up 43.66 points at 26392.76 and NSE Nifty up 14.40 points at 8,143.15, banking on firm Asian cues and investor buying ahead of the Reserve Bank of India policy review scheduled for Wednesday.
Demonetisation: Fake currency smuggling has decreased, says M V Naidu
Dec 05, 2016, at 05:01 pm
New Delhi, Dec 5 (IBNS): Union Urban Development Minister M Venkaiah Naidu said on Monday that the move to demonetise higher currency notes have affected the smuggling of fake currency notes in India.
Demonetisation: Cashless economy not good for India, says economist Jean Dreze
Dec 03, 2016, at 08:28 pm
Patna, Dec 3 (TheBiharPost/IBNS): Prominent economist Jean Dreze has said cashless economy is not good for a country like India.