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Aadhaar to become mandatory for filing I-T return, applying for PAN card

The government on Tuesday proposed to make Aadhar card mandatory for filing income tax return and applying for permanent account number (PAN), which will come into effect from July 1.


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Demonetisation: Why no window to deposit banned notes after December 31, SC

The Supreme Court has sought the Centre and the RBI's response on why they did not give a window to citizens to deposit demonetised currency after December 31.


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Cognizant may lay off 6,000 employees

Bengaluru: Cognizant is likely to cut at least 6,000 jobs, which represents 2.3% of its total workforce, while it struggles with growth in an IT environment that is fast shifting towards new digital services.


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Idea approves Vodafone India merger, to create India's largest telco

Kumar Mangalam Birla owned Idea Cellular said its Board has approved of a merger with Vodafone India and its wholly owned subsidiary Vodafone India Mobile Services, which will create India's largest mobile phone company.


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Savings bank cash withdrawal limits removed from today

All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month.


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Now, Ola-Uber drivers go on a strike in Mumbai

Following the example of their brothers in Delhi, nearly 40,000 Ola Uber drivers have decided to hold a day-long protest in Mumbai and stay off the roads. The reason being the same as Delhi- The companies ignoring their demands and the business no longer being lucrative.


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No more free withdrawals: ICICI, Axis, HDFC Bank restore cash charges

Starting March 1, some banks, including HDFC Bank, have begun charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.


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1,000 rupee note not coming, says Economic Affairs Secretary Shaktikanta Das

The government has no plans to re-introduce 1,000 rupee notes and is focusing to increase production of lower denomination currencies to address cash shortage, Economic Affairs Secretary Shaktikanta Das said today.


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Reliance launches Jio Prime plan: Offer price, subscription benefits, and more

Reliance Jio made yet another big announcement on Tuesday with the launch of the new Jio Prime subscription plan. In a move that is set to rattle Jio rivals like Idea, Airtel, and Vodafone, the new Prime plan continues the unlimited free services that Reliance Jio has offered since launch at a nominal price.


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Microsoft chief Satya Nadella says India's 'tremendous' entrepreneurial energy

Bengaluru: India is probably one of the places in the world where the entrepreneurial energy is able to scale up, not just start, Microsoft's India-born CEO Satya Nadella said on Monday.


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TCS Board approves India's biggest share buyback of Rs 16,000 crore

Tata Consultancy Services Ltd (TCS) today announced Rs 16,000 crore share buyback- biggest in the Indian capital market, looking to return surplus cash to shareholders.


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SC orders attachment of Sahara's Rs 39,000 crore Aamby Valley project

The Supreme Court on Monday attached Sahara group's Aamby Valley property in Pune for the recovery of Rs 14,799 crore that the group's two companies involved in real estate have to pay investors. The property is worth Rs 39,000 crore.


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'Like' scam: Young Noida engineer dupes 6 lakh people of Rs 3,700 crore

Noida: Hard to believe but a 26-year-old BTech graduate has tricked more than 6 lakh people into giving him their money through a Ponzi scheme that promised big returns for hitting 'likes' online. In about a year, Anubhav Mittal's Social Trade committed fraud of a whopping Rs 3,700 crore.


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Mallya slams NDA, UPA, says both using him as 'football' and 'media' as 'pitch'

Beleaguered liquor baron Vijay Mallya has lashed out at BJP-led NDA and Congress-led UPA, saying, he is a 'football' and the two 'fiercely competitive' political entities have been playing against each other using 'media' as the 'pitch.'


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Union Budget 2017: Income tax reduced, digital payments encouraged and more

Finance Minister Arun Jaitley on Wednesday announced the Union Budget 2017. In a big step, the Finance Minister announced the reduction of the existing rate of taxation for individuals with income ranging between Rs 2.5 lakh to Rs 5 lakh to 5% instead of 10%.


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Government may lower PAN quoting limit on cash transaction: Report

The government is reportedly planning to bring down the threshold of cash transactions to Rs 30,000 from Rs 50,000 currently which would require quoting PAN card details.


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Note ban: Parliament panel to question RBI governor Urjit Patel today

Reserve Bank of India (RBI) Governor Urjit Patel will appears before the Parliament's standing committee on finance on Wednesday where he will face questions on demonetisation and its aftermath.


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Apple to cut iPhone production by 10 percent in 2017 Q1: Report

Apple will decrease its iPhone production in the first financial quarter of 2017, a new report has suggested. The decision could have been the result of lukewarm iPhone 7 and iPhone 7 plus sales last quarter.


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RBI increases ATM withdrawal limit from Rs 2500 to Rs 4500

50 days since demonetisation came into effect got over on Friday, December 30th, and in order to alleviate the suffering of people a little bit, Modi government has decided to increase the ATM withdrawal limit.


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Independent director Nusli Wadia ousted from Tata Steel board

Tata Steel on Thursday said its independent director Nusli Wadia has been removed from the company's board, with 90.8 per cent of shareholders present at Wednesday's EGM voting in favour of his ouster.


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RBI's U-turn: Rs 5000 deposit limit withdrawn for KYC-compliant accounts

In a sharp U-turn, the Reserve Bank of India has withdrawn the restrictions imposed on bank deposits exceeding Rs 5000 in old notes. In a circular issued to banks on Wednesday, the RBI said it was revoking the restrictions after reviewing the case.


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Arun Jaitley: Small traders who go digital may get 30% tax advantage

Finance minister Arun Jaitley on Tuesday said the government's decision to tweak the presumptive income norms would reduce the tax liability by up to 30 per cent for those small traders opting for digital transactions.


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Now, deposits in old notes exceeding Rs 5000 can be made only once

The Reserve Bank of India (RBI) Monday announced fresh restrictions on bank deposits till December 30. For amounts exceeding Rs 5000 in old Rs 500 and Rs 1000 notes, they can now be deposited only once per bank account.


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Disclose unaccounted cash, deposits under new scheme with 50% tax before April

The government today said any unaccounted cash or deposit in a bank account before April 1, 2017, can be disclosed under a new disclosure scheme that comes with 50 per cent tax and penalty.


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Note ban: Supreme Court refuses to extend validity of old notes, puts onus on

The Supreme Court on Friday refused to pass any interim order extending exemptions permitting the use of scrapped currency notes for essential services, even medical, and left it to the Centre to take the call.


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Govt's new offer for black money holders: Pay 50% tax on unaccounted deposits

Offering a window to black money holders, the Modi government on Monday proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don't disclose but are caught.


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Bank deposits since Nov 8 may attract 60% income tax

The Union Cabinet late on Thursday cleared a proposal to amend the Income Tax (I-T) Act to levy close to 60% deduction on unaccounted deposits in banks above a threshold, reports say.


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Now, select petrol pumps to dispense cash up to Rs 2,000

There is some relief for those frustrated by long queues outside banks and ATMs as from today you can drive into a petrol pump to draw cash. Just swipe your debit card at petrol stations run by state-run oil companies...


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Adani, Ambani had prior info on demonetisation, BJP MLA makes shocking

Ruling BJP legislator Bhawani Singh Rajawat has caused quite a controversy by criticising the Narendra Modi government's decision to ban Rs 500 and Rs 1,000 notes and alleging that industrialists Gautam Adani and the Ambanis had prior information of the demonetisation decision and all this has been caught on camera.


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Cash crunch woes: Notes swap limited from Rs. 4500 to Rs. 2000

While long queues continue to form outside banks and ATMs the government today announced another set of measures to ease the huge cash crunch after the sudden currency ban last week. Farmers and families organizing weddings have got some reprieve in the latest announcement.


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