National

November 25, 2016 12:27 PM

RBI asks banks to be cash-ready for pensioners, armed forces

RBI has asked banks to ensure cash supply for pensioners and armed forces in the wake of limited currencies in the market following cancellation of Rs 500 and Rs 1,000 notes as demand for cash from government officials and pensioners is expected after electronic payment of their salary or pension. &...

November 25, 2016 12:19 PM

Demonetisation: Exchange of old currency notes over the counter stopped

Exchange of old currency notes of 500 and 1000 rupees over the counter has been stopped from last midnight but people can deposit old notes in their bank accounts upto 30th of December, the Finance Ministry said adding that foreign citizens will be permitted to exchange foreign currency upto five th...

November 25, 2016 10:37 AM

SC to hear plea on allowing TN-based co-op society to accept old notes

The Supreme Court will hear today a plea seeking a direction to the Centre and Reserve Bank that a Tamil Nadu-based co-operative society be allowed to accept old demonetized notes and permit withdrawals. <br/><br/>The bench yesterday listed the plea for hearing today, when the counsel sa...

November 25, 2016 10:32 AM

Post-demonetisation situation in North East under control: SBI

The Chief General Manager of SBI North East circle P Murthy said that the post - demonetisation situation in North East is under control following the steps considered by banks. <br/><br/>He said that the size of queues are decreasing and most of the ATMs in Guwahati started to provide n...

November 25, 2016 9:03 AM

Amit Shah holds meeting with BJP MPs from southern states

Amid stalemate in Parliament over opposition parties' protest on demonetisation, BJP President Amit Shah last night held a meeting with party MPs from southern states during which current political situation was discussed. <br/><br/>The meeting was held at the residence of Parliamen...

November 25, 2016 8:56 AM

PM holds cabinet meeting, discusses income tax penalty on large deposits

The Union Cabinet headed by Prime Minister Narendra Modi which met in New Delhi last evening, is believed to have discussed amending laws to levy close to 60 per cent Income Tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes, reports news a...

November 25, 2016 8:34 AM

Demonetisation to eradicate black money, to benefit all: Govt to SC

The BJP led NDA Government has asserted in the Supreme Court that the bold move of demonetisation will eradicate black money which casts long shadow of the parallel economy on Indian economy and slush funds operating since Independence. <br/><br/>The affidavit on demonetisation filed by ...

November 25, 2016 8:18 AM

PM Modi to release books on Indian Constitution

Prime Minister Narendra Modi will release two books on Indian Constitution this morning at Parliament House Annexe in New Delhi. The books are New Version of Constitution of India and Making of the Constitution. <br/><br/>Lok Sabha Speaker Sumitra Mahajan will chair the function. The Con...

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