Cash Transactions

Showing of 1 - 20 from 20 results
Cash Transactions - Total results - 20
Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industry
Business

Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industry

Saying that liquidity is a major area of concern, All India Gem and Jewellery Domestic Council (GJC) Chairman Anantha Padmanaban said the government should take steps to ensure that banks lend to jewellers.

RBI caps lending on P2P platforms at Rs 50 lakh to protect consumer interest; transactions through bank accounts, cash not allowed
Business

RBI caps lending on P2P platforms at Rs 50 lakh to protect consumer interest; transactions through bank accounts, cash not allowed

The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh.

Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all
Business

Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all

Loss-making concerns would feel the heat of this new measure because TDS would lock up their funds

Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on track
Business

Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on track

The recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.

Paytm Payments Bank to offer risk-free insurance, mutual fund products by June; savings accounts touch 4.4 crore
Business

Paytm Payments Bank to offer risk-free insurance, mutual fund products by June; savings accounts touch 4.4 crore

Paytm Payments Bank was incorporated in August 2016 and formally began its operations in May 2017 from a branch in Noida.

Govt proposes easing local data storage rules for foreign payment firms after intense lobbying by US firms
Business

Govt proposes easing local data storage rules for foreign payment firms after intense lobbying by US firms

Easing the proposal would be a relief for firms including MasterCard, Visa, and American Express, which fear the country's data onshoring move could cost them millions of dollars and set a precedent for other major governments to implement similar rules at a time when there is heightened scrutiny of how companies globally handle their customers’ data.

Cash use clawing-back to normal, unfazed by digital drive: NCR Corporation managing director
Business

Cash use clawing-back to normal, unfazed by digital drive: NCR Corporation managing director

US-headquartered NCR Corporation, which controls nearly half of the ATM market in the country, on Thursday said cash is coming back into the system and it does not feel threatened by the digitisation drive

Budget 2018: Here are 7 things govt should do to bring relief to taxpayers
Business

Budget 2018: Here are 7 things govt should do to bring relief to taxpayers

The government is found wanting in bringing about relief to individual taxpayers on lot many fronts.

Road toll collection: FASTags to be mandatory for all new four-wheelers from 1 December, says govt
Business

Road toll collection: FASTags to be mandatory for all new four-wheelers from 1 December, says govt

The notification follows amendment to Central Motor Vehicle Rules, 1989 by the central government as per powers vested in it under Motor Vehicles Act, 1989.

Credit card bill payment exempt from cash dealing limit of Rs 2 lakh
Business

Credit card bill payment exempt from cash dealing limit of Rs 2 lakh

The move to ban cash transaction above a Rs 2 lakh was aimed at curbing black money by discouraging cash transaction and promoting digital economy

Demonetisation: Cash is back, punching holes in Modi’s 'cashless' plan, and it's not a surprise
Business

Demonetisation: Cash is back, punching holes in Modi’s 'cashless' plan, and it's not a surprise

After note ban spike in digital transactions was mostly due to lack of an alternative option. When cash returned, people went back to their old ways

Traders term banks' cash transaction fee as financial terrorism
Business

Traders term banks' cash transaction fee as financial terrorism

With the banks levying a fee for over four cash transactions at its branches, the Confederation of All India Traders (CAIT) on Thursday said the charges amounted to "financial terrorism"

ICICI, Axis, HDFC Bank limiting cash transactions at branches is really no big deal; here's why
Business

ICICI, Axis, HDFC Bank limiting cash transactions at branches is really no big deal; here's why

Most of us have moved online already and those who haven’t will eventually do. Just like the way you had to gulp down that bitter cough syrup, whether you liked it or not

Demonetisation has put Digital India mission on fast track, writes Godrej Nature's Basket MD Avani Davda
Business

Demonetisation has put Digital India mission on fast track, writes Godrej Nature's Basket MD Avani Davda

Demonetisation has been a bold move and while it has had its ups and downs, it bodes well for the organised retail sector overall.

No final decision on taxing cash transactions above Rs 50,000, says government
Business

No final decision on taxing cash transactions above Rs 50,000, says government

The Finance Ministry on Wednesday clarified that a final call on the recommendations of the panel of Chief Ministers, which includes a tax on cash transactions above Rs 50,000, is yet to be taken.

Demonetisation: SME sector output, wages hit; no impact on agri prices
Business

Demonetisation: SME sector output, wages hit; no impact on agri prices

In the study, India Development Foundation (IDF) assessed the impact of demonetisation on agriculture and the informal sector that rely heavily on cash transactions and also provide employment to majority of population.

Budget could make PAN compulsory for cash deals as low as Rs 30,000
Business

Budget could make PAN compulsory for cash deals as low as Rs 30,000

Currently, any cash transaction of Rs 50,000 and above require a person to quote his PAN card number

Pain from demonetisation eases in India, but not in Bharat
Politics

Pain from demonetisation eases in India, but not in Bharat

What is the net gain to economy from demonetisation is a question PM Modi will have to answer with support of evidence when he face the electorate in 2019

Black money SIT for ban on cash deals over Rs 3 lakh, limiting cash holding
Business

Black money SIT for ban on cash deals over Rs 3 lakh, limiting cash holding

In order to tackle black money, the Special Investigation Team (SIT) has recommended a total ban on cash transactions above Rs 300,000 and an act be framed to declare such transactions as illegal and punishable under law, an official statement said here on Thursday.