Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy
Decriminalising Section 138 is only going to make creditors more insecure, which could cause unfathomable harm to the Indian economy.
SBI to redesign window envelopes used to dispatch income tax refund orders to safeguard PAN, personal details
SBI move comes after activist Lokesh Batra raised the issue that window envelopes make it easy for someone to glance through PAN
Cheque book ban now will be hastier than GST rollout; India is woefully ill-equipped for full digitisation
In a way, therefore, we will be killing the cheque at its infancy in rural areas where large swathes of India still is.
Banks without money are redundant. In Delhi these past 48 hours have been a telling experience. We are an incredible people that despite the fiscal architecture being compelled to collapse like a condemned building, life goes on with very little change.
In first major disclosure about money held in Swiss banks, government today said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders.
While, we use Electronic Clearance System day in and out, there are a few things we need to keep in mind to make the most of this service. To know more, read on.
You don't need to commit a huge crime to go to jail anymore. Simply putting a signature different from the specimen signature you submitted to the bank is more than enough.
The central bank has issued the notification in view of difficulties being faced by customers with regard to cheque clearances.
Kingfisher Airlines had given the five cheques to the Airports Authority of India in 2011 which bounced. The airline owes the airport authority around Rs 265 crore.