You Searched For "Demonetisation scheme" and got 20 results
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1 min read
Micro-finance companies are not lending in Uttar Pradesh, here’s why
In Maharashtra, Microfinance Institutions (MFIs) have also confirmed the same. “Overall collection …
2 mins read
Here's what KPMG and EY analysts have to say on govt's proposed black money tax changes
"While the penalty for voluntary non-disclosure definitely seems appropriate and is necessary, the …
1 min read
Arun Jaitley proposes amendments in I-T Act! 30% tax, 10% penalty to be slapped on undisclosed income
A further tax of 75% along with 10% penalty has also been proposed in case the Income Tax officials…
1 min read
Unaccounted deposits will attract 60% tax plus penalty
This is more than the 45% levied under the income disclosure scheme (IDS) that closed on September …
1 min read
Debit cards usage has surged 2.5 times, thanks to cash crunch
Out of the 30 crore RuPay cardholders, 29 crore have never used their card in point of sales (PoS),…
1 min read
Jan Dhan bank accounts, meant for poor, receive Rs 21,000 crore in deposits, post demonetisation
West Bengal is the top state which has seen this sudden inflow of money in the Jan Dhan bank accoun…
1 min read
Today is the last day to spend your old Rs 500/1000 currency notes. Here’s where you can use them
Public utilities were asked to accept the invalid denominations till Nov 24 and since then, the lis…
4 mins read
With piles of cash lying around, corrupt babus feel betrayed by Modi government
The engineer was in the middle of his evening meditation session when a colleague called and told h…
1 min read
Over 10,000 ATMs are being recalibrated per day to bring down the cash crunch
Nearly 10,200 ATMs are being recalibrated in a day and this means that the entire process should be…
1 min read
Demonetisation: Andhra Pradesh just found a way to tackle cash crunch. Here’s how
Under the idea, tokens worth Rs.50 and Rs 100 are made available in 'Raitu Bazaars' (farmer markets…
2 mins read
Demonetisation may be unable to phase out all the black money, here’s why
So, estimates for illegal cash range from 3% to 5% of the total black economy. Taking the higher 5%…
1 min read
Mukesh Ambani launches Jio Money Merchant Solutions, lauds Modi’s demonetisation
“Jio is working to empower Indian merchants by building a digital retail ecosystem, which we are ca…
HASAN BABAR
1 min read
Demonetisation: Finance ministry asks banks to hire retired staff to deal with cash rush
Additional infrastructure like more terminals, separate arrangement for cash, exchange and dispensa…
PTI
2 mins read
Investors in PPF and other small saving schemes may get another rate cut, here’s how
It links small savings interest rates with government bond yields, the PPF rate could be cut by alm…
1 min read
Government not allowed to reveal schemes for poll-bound states in budget, here’s why
However, the government will need to follow the Model Code of Conduct and not announce any scheme o…
3 mins read
₹2,000 note withdrawal – How to exchange them, is it a legal tender and other questions answered
The Reserve Bank of India (RBI) last week announced that it is withdrawing the ₹2,000 notes from ci…
2 mins read
PSU bank employees to go on two-day strike from Thursday; services likely to be hit
Close to nine lakh employees of various state-run banks will go on a two-day nation-wide strike beg…
PTI
23 mins read
Kotak Flexicap Fund: Too big to be flexible?
First, let us understand what a flexicap fund is. Flexicap funds are mutual funds that have the fle…
5 mins read
This multi-cap fund has survived the worst market cycles and yet delivered the highest returns
Over the last 17 years, Nippon India Multi Cap Fund has survived the worst of the markets – includi…
2 mins read
Extreme Poverty in India declined 12% in the last decade, says World Bank
Extreme poverty in India is estimated to have declined 12.3 percentage points between 2011 to 2019,…