Tag: cash
Confiscation Of Cash Was Not The Aim: Jaitley On Note Ban
As the country completed two years of demonetisation, Finance Minister Arun Jaitley on Thursday said the objective was not to get the cash deposited in banks but to move towards a more formal economy that he claimed is giving rich dividends.....
I-T Raids Premises Of MP CM's OSD, Others; Seizes Cash
In a major crackdown on hawala money, Income Tax Department teams on Sunday carried out raids at over 50 places in Madhya Pradesh's Indore and Bhopal and New Delhi, including the residence of Chief Minister Kamal Nath's officer on special duty (OSD) Praveen Kakkar and seized a huge amount of cash.....
Afghans Running Out Of Money As Banks, ATMs Shut For 7th Day
Afghans are becoming increasingly scared they may run out of money, as banks remain shut for the seventh day in Afghanistan. ....
Infosys Lowers Guidance Again As Q3 Revenue Dips
Software major Infosys on Friday lowered dollar guidance again for the fiscal 2016-17 on declining revenue in the third quarter (October-December) unlike its peer TCS, which posted robust growth for the same quarter.....
RBI Hikes ATM Withdrawal Limit To Rs 10,000, Current Account Withdrawal Limits
The RBI on Monday hiked the daily ATM withdrawal limit from Rs 4,500 to Rs 10,000 and doubled the weekly Current Account withdrawal limit to Rs 1 lakh.....
Urjit Patel Asks Staff To 'zealously Guard' RBI Reputation
Following deep concern expressed by RBI employee unions over alleged government interference in the affairs of the central bank and opposition protests on the issue earlier this week, RBI Governor Urjit Patel has asked staff members to "zealously guard" the integrity of the institution.....
10 Lakh Bankers To Strike Work On February 28
Around 10 lakh bankers will now go on strike on February 28 to demand recovery of bank loans that have since turned bad and action against wilful loan defaulters as well as solution to cash crunch post-demonetisation, a top union leader said on Tuesday.....
Budget 2017-18: What's Cheaper, What's Dearer
Though Finance Minister Arun Jaitley in his budget speech for 2017-18 on Wednesday said his proposals on excise and customs duties will not result in any significant loss or gain to the exchequer, the fine print suggests a host of items can become either cheaper or dearer.....
Demonetisation, A Right Decision At Right Time : PM Modi
Prime Minister Narendra Modi on Tuesday strongly defended his government's decision to ban high value currency notes, saying it was the right step taken at the right time to rid the Indian economy of tax evasion and black money.....
Cash Withdrawal Limit To Be Rs 50,000 From February 20; No Limit From March 13
The limits on savings bank cash withdrawals post-demonetisation are to be withdrawn in two stages, the Reserve Bank of India announced on Wednesday, with the limit slated to go up to Rs,50,000 per account from February 20 and to cease from March 13.....
