-NDTV In his budget presented in February, Finance Minister Arun Jaitley had said Cash transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs. Cash transactions of more than two lakhs will be considered illegal and penalised, the government has proposed today. In the government's annual budget presented in February, Finance Minister Arun Jaitley had said Cash transactions would be capped at three lakhs. In...

-The Times of India NEW DELHI: Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained Cash deposits so far, and the amount could go up. Tax authorities sought explanation from individuals, who deposited substantial amount of Cash after demonetisation of Rs 500 and Rs 1,000 notes, either in their own...

-Frontline.in Recently released data from the CSO, which claimed that demonetisation had had no significant impact on the performance of the economy, raise more questions than provide answers. Official data released by the Central Statistical Organisation (CSO) on the last day of February, which claimed that the national gross domestic product (GDP) rose by 7 per cent in the October-December period, the third quarter of 2016-17, came as a morale booster...

-Hindustan Times Wealthier candidates were far more likely to win their constituency than their less wealthy competitors, according to an analysis of election data and candidate affidavits by the Hindustan Times. Across 689 constituencies in the assembly elections in Goa, Manipur, Punjab, Uttarakhand, and Uttar Pradesh, the wealthiest candidate won 33.5% of the time, compared to just 24.6% for the second wealthiest candidate and 17% for the third wealthiest. The odds were heavily...

-IANS Shimla: Himachal Pradesh, whose economy largely banks on agriculture and horticulture, aims to develop bio villages by promoting organic farming. The state is also eyeing investment in cold chains. An additional 2,000 hectares will be brought under organic farming and there are plans to develop 200 bio-villages in the next fiscal, a government spokesperson told IANS. He said farmers in the bio-villages would use only bio-fertilizers and bio-pesticides and discourage...