-The Times of India NEW DELHI: Over Rs 4,663 crore of undisclosed income has been detected by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government. "The department has also seized Rs 562 crore, including Rs 110 crore worth new notes, during the raids," news agency ANI said while quoting the I-T sources. According to...
More »SEARCH RESULT
Total Matching Records found : 1878
Usurers cash in as bank loans to farmers dry up -Bhavika Jain
-The Times of India MUMBAI: Demonetisation seems to have helped private moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore (18%), due to shortage of cash. Besides, there are restrictions on district cooperative banks (DCCBs). Officials said the crisis gave moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they...
More »In 8 months, free LPG cylinders to 1.5 crore poor homes
-The Times of India NEW DELHI: The government has given out cooking gas connections free of cost to 1.5 crore poor households under the 'Ujjwala' scheme, achieving the target set for the 2016-17 financial year in eight months on the back of a massive outreach in rural areas. The scheme was launched on May 1 by PM Narendra Modi at a rally in UP's Ballia district. The scheme envisages providing LPG connection...
More »Here's why rates of some vegetables are seeing a dip -Vishwa Mohan
-The Times of India NEW DELHI: Tomato and other vegetables prices, including those of onion and potato, have come down after demonetisation. But the National Horticulture Board, which tracks horticultural produce markets across the country , has found that the fall has more to do with transporters' resistance to pick up the produce from farms than to a poor cash flow at the farmers' end. Ground reports, shared with the board, have...
More »Demonetisation: NHAI to pay Rs 922 crore for toll loss -Dipak K Dash
-The Times of India NEW DELHI: The National Highways Authority of India (NHAI) will shell out Rs 922 crore to private highway operators for the toll revenue loss they incurred due to suspension of user charge collection from the afternoon of November 9 to the midnight of December 2. Toll collection was suspended across all national highways in the country following demonetisation of Rs 500 and Rs 1,000 currency notes on November...
More »
