Three years after demonetisation, Rs 2,000 currency note loses sheen; banks to eject them completely from ATMs in a year
Though the efforts are underway to recalibrate about 240,000 ATMs to replace Rs 2,000 notes with Rs 500 notes, the high-value notes may not be withdrawn immediately .
PSB instructs officials to restrict circulation of Rs 2,000 notes, urges customers not to panic as no curbs on accepting
After issuing the directive to restrict the circulation of Rs 2,000 notes, senior officials of the PSB reportedly called branch managers to confirm that it was being executed immediately.
The CBI has booked 51 entities for allegedly remitting Rs 1,038 crore of black money to Hong Kong during 2014-15, officials said on Monday
Finance ministry declines to share Swiss bank account details of Indians in response to RTI, cites 'confidentiality provisions' of tax treaty
The finance ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.
Investments through P-notes decline to Rs 69,670 cr at November end; Rs 52,749 cr invested in equities
The use of P-notes has been on a decline since 2017 and slumped to a nine-and-a-half year low of Rs 66,587 crore at the end of October last year.
Cash still rules: Builders continue to ask for money for property purchases in smaller cities, says report
Despite the Income Tax Act introducing some changes for the realty sector to curb generation of black money, builders continue to ask for cash for property purchases.
Electoral bonds: Lack of promised transparency makes channel for political funding vulnerable to unholy politico-corporate nexus
When the Narendra Modi government came to power, one of its biggest promises was to make political funding transparent.
Boosting investments: Govt gives up obsession with round-tripping; need of hour to spur foreign fund inflows, make India manufacturing hub
Investments in the domestic capital market through participatory notes, led by equity allocation, rose to Rs 81,220 crore at the end of April 2019 on hopes of favourable market conditions.
The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians
Demonetisation anniversary: Congress slams Centre's 'Tughlaqi blunder', govt hails 'milestone' in fight against corruption
The Congress on Friday launched a multi-pronged attack on the Narendra Modi government on the third anniversary of its demonetisation move even as voices from within the government lauded the prime minister for waging a war against 'black money'
Demonetisation 3rd anniversary: Banning high-value notes failed to meet objectives, but digitisation may check black money generation
The defenders argued that demonetisation would help digitise the economy and make future black money generation difficult as there would be an audit trail all the time.
Demonetisation anniversary: Rs 2,000 notes being hoarded, says former economic affairs secretary SC Garg
On the third anniversary of demonetisation, former economic affairs secretary SC Garg said the Rs 2,000 note, which the Modi government brought replacing older 500 and 1,000 notes, were being hoarded and should be demonetised
Demonetisation three years on: Were objectives of Narendra Modi's big economic move achieved? Jury is still out
Digital payments that surged during the heady days of demonetisation have proved to be a flash in the pan given the resurgence of cash once they became available in ample quantities.
To tighten grip on black money, Centre likely to introduce more provisions in cash holding limit norms in Budget 2020-21
Top sources said the government is mulling stringent measures which could be announced during the Budget next year to cap the cash holding limit at home or in lockers.
Three years of demonetisation: Core problems note ban sought to address remain; pain outweighs gains
Digital payments spiked during the demonetisation and in the immediate months after that. Since then digital transactions have one up substantially, but so is the use of cash too.
Gold amnesty scheme: No proposal under consideration of the Income Tax Department, says govt sources
The government is not considering any gold amnesty scheme as part of efforts to unearth unaccounted wealth stashed in the form of yellow metal, official sources said on Thursday
Gold amnesty scheme: Tax cheats must be taught a lesson, but targeting households, temple treasure will be a tricky affair
The problem with India’s ‘gold’ economy is that Indians do not see gold as merely an investment asset.
Centre proposes amnesty scheme for gold to unearth black money; fine on yellow metal held above fixed quantity: Report
According to news reports, there will be a fine on gold above a fixed quantity under the proposed scheme. Details of the scheme have yet to be revealed
No currency notes of Rs 2,000 denomination printed this financial year, says RBI in response to RTI enquiry
The circulation of Rs 2,000 currency notes may not serve the purpose of the government as this high-value currency notes are easier to use for illegal purposes, media reports said.
Black money: India gets first tranche of Swiss bank account details under automatic exchange framework
India has received first tranche of details about financial accounts of its residents in Swiss banks under a new automatic exchange of information framework between the two countries, marking a significant milestone in the fight against black money suspected to be stashed abroad