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RBI's U-turn: Rs 5000 deposit limit withdrawn for KYC-compliant accounts

In a sharp U-turn, the Reserve Bank of India has withdrawn the restrictions imposed on bank deposits exceeding Rs 5000 in old notes.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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Supreme Court refuses to stay note ban, next hearing on Nov. 25

The Supreme Court on Tuesday refused to stay the demonetiosation of Rs 500 and 100 currency notes by Narendra Modi government announced on the night of November 8 purportedly to curb the menace of black money.


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Indelible ink to be used to reduce crowds at banks

Economic Affairs Secretary Shaktikanta Das, in a press meet on Tuesday, made a few announcements to deal with the crisis of cash crunch. Das said from today indelible ink would be used at banks to ensure people don't go for multiple withdrawals.


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Cash crunch: Long queues at banks, ATMs continue

As banks opened on Tuesday after remaining closed on Monday on account of Guru Nanak Jayanti, people in large numbers started queuing up outside them as well as outside ATMs to withdraw valid currency notes from vending machines and exchange demonetised bills.


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Demonetisation: Arun Jaitley says recalibration of ATMs will take 2-3 weeks

Amidst reports of people facing hardships all over the country, in trying to convert their currency at banks and in withdrawals at ATMs, Finance Minister Arun Jaitley said around Rs 2 lakh crore has been deposited till 12.15 pm on Saturday in banks across the country, following demonetisation of Rs 500 and Rs 1,000 notes.


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Cyrus Mistry out, Ratan Tata aide Ishaat Hussain in as TCS Chairman

Making their next move against Cyrus Mistry, the Tatas have removed him as chairman of group company Tata Consultancy Services or TCS. They have also sought a special meeting of the board of another group company, Indian Hotels, to remove Mistry as its director.


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Sensex drops 1,000 points; real estate shares crumble

Markets showed a recovery after latest election results indicate that Hillary Clinton has narrowed the gap with Donald Trump in the race for the presidency.


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PM Modi announces ban on Rs. 500 and Rs. 1,000 notes

With the aim of curbing the menace of black money and fake currency, Prime Minister Narendra Modi has announced the decision to ban existing 500- and 1000-rupee notes from midnight today.


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Delhi court issues non-bailable warrant against Vijay Mallya

New Delhi: A Delhi court on Friday issued a non-bailable warrant against liquor baron Vijay Mallya for allegedly evading summons in a case of FERA violation. The court noted that "he has scant regard for the law of the land and has no intention to return to India."


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GST can be paid online using debit, credit cards: Government

New Delhi: Under the proposed Goods and Services Tax (GST) regime, people and entities can pay taxes online using debit or credit cards, the government informed on Sunday.


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Snapdeal's Unbox Diwali sale takes off with a bang

Snapdeal's Unbox Diwali sale is off to a roaring start as more than two million users logged in during the first hour of sale to quickly lock into a whole array of great deals on offer.


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You are going back to jail, Supreme Court to Sahara's Subrata Roy

New Delhi: The Supreme Court, on Friday, ordered Sahara chief Subrata Roy to be sent back to jail. After spending two years in jail, Roy is out on parole. The apex court had previously extended the parole of Subrata Roy till September 23, which was granted to him in May on humanitarian grounds after his mother passed away.


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New guidelines will end identity crisis of direct selling industry: FDSA

New Delhi [India), Sept. 13: Applauding the Consumer Affairs Ministry for issuing new guidelines to companies involved in direct selling, the Federation of Direct Selling Association (FDSA) has described this development as "the end of an identity crisis" for the industry.


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QuikrServices acquires StayGlad to scale AtHomeDiva

New Delhi [India], Sep 13: India's number one cross category classifieds business Quikr has announced the acquisition of StayGlad, a leading marketplace for beauty services in a move to further strengthen the market leadership of its beauty service brand, AtHomeDiva, by enabling it to take on even more beauty services requests under its services vertical, QuikrServices.


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SeaSoul Cosmeceuticals sets new benchmarks in beauty, make-up ecosystem

New Delhi, Sep 13: SeaSoul Cosmeceuticals, the company specialising in manufacture and distribution of skincare products has launched its first make-up academy, the 'SeaSoul Make-Up Academy by Manisha Chopra' in Gurgaon, amidst great anticipation.


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India-UK Tech Summit marks partnership across various platforms

New Delhi [India], Sept.13: The India UK TECH Summit 2016, India's largest knowledge and technology conference and exhibition, will be held in New Delhi from 7-9 November 2016.


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Spruce Shave Club to launch American quality razors at affordable price points

New Delhi [India], Sep 12: The Indian FMCG market and interestingly the long ignored men's grooming market is seeing a huge spurt in demand. Rising consumer lifestyle expectations and increasing disposable incomes in urban areas coupled with growing image and appearance awareness among men is driving the growth of men's grooming products all over the world and the Indian male is not willing to be left far behind.


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Direct Tax Collections witness increase of 15.03 pct

New Delhi [India], Sep 12: The figures for direct tax collections up to August, 2016 show that net revenue collections are at Rs. 1.89 lakh crore which is 15.03 percent more than the net collections for the corresponding period last year.


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If case takes criminal turn, will hand it over to CBI: Parrikar on Embraer deal

Vadodara [India], Sept. 11: With the Defence Research and Development Organisation (DRDO) writing to Brazilian company Embraer, seeking details on a report that it employed an agent to sell three EMB 145 aircraft to the DRDO in 2008, Defence Minister Manohar Parrikar on Sunday asserted that if the issues in the case display a criminal nature, then it will be handed over to the Central Bureau of Investigation.


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Export controls regimes to play a critical role in India's growth story

New Delhi [India], Sep 10: Technology content in manufacturing will go up significantly as India aims to grow at a rate of eight to 10 percent for decades. India needs access to technology, a critical enabler for growth, and join the global supply chain in all spheres.


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MakeMyWishes.com enables users to choose right gifts for their loved ones

New Delhi [India], Sept.10: MakeMyWishes.com is an innovative online portal that efficiently connects your family and friends, locally and globally, helping you to make a wish with open eyes. The one-of-its-kind platform empowers you to make your wishes known to your loved ones and let them know what you need.


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