-The Indian Express Given the slow pace of currency printing and indications from govt sources, it is unlikely that there will be full replacement of banned notes As currency in circulation is about 20 per cent lower than the levels at the beginning of November 2016, the sharp decline in the pace of remonetisation over the past few weeks and indications from government officials suggest that the government and the Reserve Bank...
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Why Aadhaar cannot deliver anything it promises -Anupam Saraph
-The Economic Times Aadhaar came with a lot of promises. They were brought by some of the brightest in India. Aadhaar promises to remove duplicates and ghosts from government databases, deliver subsidies to beneficiaries, collect taxes, provide financial inclusion and eliminate corruption. Here is why it cannot deliver anything it promises. Aadhaar came with a lot of promises. They were brought by some of the brightest in India. Promise 1: Removing Fraud and Duplicates In...
More »Supreme Court ruling on note exchange window in July -Dhananjay Mahapatra
-The Times of India NEW DELHI: If you are still left with scrapped Rs 1,000 and Rs 500 notes, having failed to deposit them in banks by the December 30 deadline, you could hold on to them till July-end. The Supreme Court said on Tuesday it would decide in July whether the government should be asked to open a window for those who could not deposit the scrapped notes in time due...
More »1.37 crore who don't file returns are now on Income Tax radar -Aanchal Magazine & Anil Sasi
-The Indian Express The department is employing what it calls a “360 degree profiling” of taxpayers ARMED WITH information on cash deposits of over Rs 2 lakh by tax assessees through a newly inserted column in the income-tax returns for 2017-18, the tax department has started the process of scrutinising and matching details with those provided earlier by banks and financial institutions. Alongside this, a list has been readied of about 1.37 crore...
More »Par panel to summon RBI Governor Urjit Patel again on April 20
-PTI Besides Patel, Economic Affairs Secretary Sashikanta Das and Financial Services Secretary Anjuly Chib Duggal are also being asked to appear before the Committee. A Parliamentary panel has decided to summon Reserve Bank Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks post note ban and the progress made in remonetisation. The meeting of the Standing Committees on Finance, headed by former cabinet minister M...
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