-The Telegraph New Delhi: The RBI has said deposits of demonetised notes with a value of over Rs 5,000 would be allowed just once in a Bank account between now and December 30. The announcement not only lengthened the list of abrupt changes enforced since the note recall was announced on November 8 but also fuelled suspicion that the government is trying to dissuade people from depositing demonetised notes. The value of such...
More »SEARCH RESULT
Total Matching Records found : 12809
Handlooms fall silent in Varanasi, $1 trillion hidden economy stalled
-Bloomberg At the heart of the problem is the way informal businesses like the Varanasi weavers make payments. Varanasi: In Prime Minister Narendra Modi’s political base of Varanasi, Hinduism’s holiest city, weaver Zainul Abedin stares at the uneven mud floor of his home. Behind him, more than a dozen handlooms lie idle. Abedin is part of the collateral damage of Modi’s Nov. 8 decision to Ban high-value currency notes, effectively cancelling...
More »As if drought weren't bad enough -Marx Tejaswi
-The New Indian Express BALLARI: Demonetisation couldn't have come at a worse time for farmers in Ballari district. November is when they harvest the kharif crop and sow for rabi. Even as they were coming to terms with the carryover effects of drought and low prices, Prime Minister Narendra Modi pulled a fast one on them. Lepakshi Naidu, a farmer of Hosapete taluk, says demonetization left him with no cash to buy...
More »Deposits scrutiny a challenge, says ex-CBDT chief -Vikas Dhoot
-The Hindu “We have around 45 crore Bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance”. Former Central Board of Direct Taxes chairperson Sudhir Chandra, who headed a high-level committee to tackle the black money menace back in 2011, has said that the Income Tax department will find it challenging to scrutinise all cash deposits...
More »EC seeks Ban on anonymous contributions above Rs 2,000 to political parties
-PTI NEW DELHI: Seeking to stem the flow of black money in polls, the Election Commission has urged the government to amend laws to Ban anonymous contributions of Rs 2,000 and above made to political parties. There is no constitutional or statutory prohibition on receipt of anonymous donations by political parties. But there is an "indirect partial Ban" on anonymous donations through the requirement of declaration of donations under section 29C of...
More »
