-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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Aadhaar must for MGNREGS work
-The Hindu Other proofs of identity will be allowed till March 31 New Delhi: From April 1, workers in rural areas enrolled under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which mandates 100 days of work for a household a year, must have an Aadhaar card. Those who have registered under the scheme will be required to give furnish proof of possession of Aadhaar or undergo the enrolment process till March...
More »Late-night deal: Fuel pumps say no, then yes to card payments
-The Times of India BENGALURU/ NEW DELHI: Through Sunday, the media was buzzing with reports that petrol pumps would refuse to accept card payments for fuel from Monday. Anxious consumers, already grappling with a cash shortage, fretted that this would directly clash with the government's efforts to wean people off cash and encourage digital payments. Finally, there was some relief on Sunday night after Banks agreed to defer their decision to charge...
More »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...
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