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The searches conducted by Income Tax Department between April 2014 and November 2016 on 1,356 groups of assess led to admission of undisclosed income of Rs 31,277 crore apart from seizure of undisclosed assets worth Rs 2,164 crore

No estimate of black money before or after note ban: FM

14,044 surveys conducted after note ban resulted in detection of undisclosed income of Rs 30,492 crore.

16 Dec 2016 4:53 PM IST

Reserve Bank of India

RBI refuses access to minutes of meeting

Responding to an RTI application filed RBI refuesed to disclosed any details.

25 Dec 2016 2:56 PM IST

Prime Minister Narendra Modi addresses during the foundation stone laying ceremony of the two metro corridors and other projects, at Bandra Kurla Complex, in Mumbai. (Photo: PTI)

Modi, the true master

Many people are hesitant to publicly voice their dislike of demonetisation because they are afraid that they will be...

25 Dec 2016 12:39 AM IST

The villa was owned by United Breweries Holdings and mortgaged by the now-grounded Kingfisher Airlines to the consortium of banks to obtain loans in 2010.

Kingfisher Villa's re-auction turns damp squib

Lenders failed to get any buyer for Kingfisher House in the city, when it was put under auction for the third time.

22 Dec 2016 1:39 PM IST

Reserve Bank fo India

RBI issues 2.2b new notes since demonetisation

20.4 billion pieces belonged to small denominations while 2.2 billion belonged to higher denominations.

21 Dec 2016 5:42 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI orders new currency based on demand

Government today said the RBI monitors currency requirement on a regular basis and accordingly places order for...

2 Dec 2016 3:44 PM IST

I-T raids lead to biggest cash seizure

I-T raids lead to biggest cash seizure

The department said it detected unaccounted income worth Rs 152 crore after conducting searches.

2 Dec 2016 2:58 PM IST

RBI to go for rate cut in next weeks meeting

RBI to go for rate cut in next week's meeting

The Monetary Policy Committee headed by Urjit Patel had cut benchmark interest rates to 6.25 per cent.

2 Dec 2016 1:23 PM IST

West Bengal Finance Minister Amit Mitra in an interview to NDTV on Wednesday said that the timing of the implementation of the GST was not right given the situation that has arrived in the aftermath of demonetisation.

GST Council to discuss control, model laws today

West Bengal and Kerala claim that post-demonetisation situation was not conducive for implementation of GST.

2 Dec 2016 11:09 AM IST

The newly-issued Rs 2000 notes. (Photo: PTI)

Cash crunch will ease in 2-3 weeks, govt tells Supreme Court

It was found that fake currency notes of Rs 500 and Rs 1,000 to the tune of over Rs 400 crores were largely in...

2 Dec 2016 1:33 AM IST

Infosys co-founder Nandan Nilekani

Nandan Nilekani to promote e-payment systems in country

Nilekani is a part of 13-member committee of CMs headed by Andhra Pradesh CM Chandrababu Naidu.

1 Dec 2016 12:52 PM IST

Slowing demand in the worlds fastest growing major economy could undermine growth in coming quarters especially as factories have already started cutting output. (

India's factory activity hit by cash crunch

The new orders sub index that measures foreign and domestic demand was knocked down to 53.3.

1 Dec 2016 11:19 AM IST