-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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97% banned notes said to be deposited in banks in blow to Modi's black money fight -Siddhartha Singh
-Livemint.com Banks have received Rs14.97 trillion ($220 billion) as of 30 December, the deadline for handing in the banned notes, said a person familiar with the matter New Delhi: Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi’s drive to unearth unaccounted wealth and fight corruption. Banks have received...
More »Truth about PM's 'Housing for All' scheme: it is far off target
-Down to Earth Eighteen months and Rs 4,275.31 crores later, not even 0.1 per cent of the project could be completed "By the time the nation completes 75 years of its Independence (2022), every family will have a pucca house with water connection, toilet facilities, 24x7 electricity supply and access." It was May 2014 and the Modi-led government had just come to power. A year later, during the presentation of Annual...
More »Now RBI Cites 'Threat to Life' Exemption to Deny RTI Query on Demonetisation Decision
-PTI More stonewalling from the ‘Reserved’ Bank of India New Delhi: Were the views of the chief economic advisor and the finance minister taken before the sudden announcement of demonetisation of high-value currency notes by Prime Minister Narendra Modi on November 8? The Reserve Bank of India feels this query cannot be answered under the Right to Information Act as it does not come under the definition of information under the transparency...
More »World Bank warns of road funds cut -Roopak Goswami
-The Telegraph Guwahati: The World Bank has warned the Assam government that the loan amount sanctioned for the Assam State Roads Project may be slashed if the pace of implementation does not improve by March 2017. In the implementation status and results report of the project, released on December 21, the bank said the Assam State Roads Project is unlikely to achieve the project development objective due to poor progress and the...
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