-The Indian Express The study, conducted by AIMO, has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. Chennai: IN THE first 34 days since demonetisation, micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent dip in revenue, according to a study conducted by India’s largest organisation of manufacturers. The study, conducted by the All...
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Explain demonetisation, your role, flip-flops, secrecy: Parliament panel to RBI Governor Urjit Patel -Anand Mishra
-The Indian Express Urjit Patel to appear before PAC on January 28, list of 10 questions sent New Delhi: THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit Patel to appear before it on January 28, has asked him 10 probing questions on the demonetisation issue — from the decision-making process to the level of RBI’s involvement, impact...
More »Govt wants details of Cash deposited before note ban -Aanchal Magazine
-The Indian Express Finance Ministry says bank account holders must submit PAN by Feb 28 New Delhi: IN A new set of rules notified on Saturday, the Ministry of Finance has asked banks and post offices to furnish details of Cash deposits made during April 1-November 9 last year for amounts adding up to Rs 2.5 lakh or more per person, in all accounts other than current accounts. For current accounts, banks and...
More »Report Cash deposits between April 1 and November 9, 2016, Income Tax Department asks banks
-PTI NEW DELHI: The Income Tax Department has asked banks to report Cash deposits in savings accounts between April 1 and November 9, 2016. The move seeks to analyze the banking transactions carried out in months before the demonetisation decision was announced on November 8. Besides, banks have also been directed to ask the account holders, who did not furnish PAN (Permanent Account Number) or Form 60 (for those without PAN) at the...
More »Punjab farmers plagued by pests and payment crunch -Aesha Datta
-The Hindu Business Line Sangrur and Samrala: In normal times, the grain mandi of Samrala is abuzz with the hum of agrarian commerce. These days, however, it lies virtually vacant, with only a handful of farmers coming to sell their produce. Joginder Singh Sahni says that usually the mandi is full of wheat and rice farmers selling their goods. Commission agents and other links on the commercial chain add to the...
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