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The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

'Kala dhan' has now become 'jan dhan', claims MoS Finance Shukla

Over 99 per cent of the scrapped notes came back into the system, creating excess liquidity.

16 Jun 2018 2:49 PM IST

$The Income Tax Department will soon issue notices to those who have deposited \suspicious\ amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication. (Photo: PTI)$ Business

Demonetisation achieved its objectives quite substantially: Fin Min

Now there is no shortage of currency in any part of the country.

29 Aug 2018 6:26 PM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP) (Photo: PTI)

Business

Rajan's policies slowed down economy, not note ban: Niti

The GDP growth rate for April-June quarter of 2018-19 has been recorded at 8.2 per cent.

4 Sept 2018 5:05 AM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Business

'Currency in circulation slows down on spike in crude, RBI selling...

Since the beginning of May 2018, currency in circulation has been in the range of Rs 19-19.6 trillion, says the report.

24 Sept 2018 3:36 PM IST

The cash recovered from Punjab. (Photo: ANI/Twitter)

Business

Only Rs 16,000 crore unearthed at cost of note ban?

In May 2014, Prime Minister Narendra Modi came to power on a promise to unearth black money.

31 Aug 2017 12:58 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

Business

Not all money returned after note ban was legal: Jaitley

RBI on Wednesday disclosed it received scrapped notes worth Rs 15.28 lakh crore since November 8 last year.

31 Aug 2017 11:13 AM IST

Former Prime Minister Manmohan Singh during the valedictory session of PHD Chamberss 111th annual session in New Delhi on Saturday. (Photo: PTI)

Business

Note ban report misses deadline

As the panel will be reconstituted on September 1 for another year.

31 Aug 2017 12:14 AM IST

Former Union finance minister and senior Congress leader P Chidambaram (Photo: PTI)

Business

Shame on RBI that recommended demonetisation: Chidambaram

Former Finance Minister says note ban was a scheme to convert black money into white.

30 Aug 2017 7:02 PM IST

The bag contained Rs 500 and Rs 1000 currency notes, which were demonetised by the government earlier this month.

Business

Just 1.4 per cent old Rs 1,000 notes not returned post note ban: RBI

The old notes were allowed to be deposited in banks, with unusual deposits coming under income tax scrutiny.

30 Aug 2017 6:47 PM IST

Old Rs 500 notes were banned along with Rs 1,000 curreny notes on November 8 last year. (Photo: PTI/FIle)

Business

RBI says received 99 per cent of scrapped Rs 500/1000 notes worth Rs...

Govt cancelled Rs 1,000 and Rs 500 currency notes as part of drive against black money and tax evasion.

30 Aug 2017 5:56 PM IST

Mumbai BJP president Ashish Shelar, Union finance minister Arun Jaitley and Maharashtra chief minister Devendra Fadnavis in Mumbai.

Metros

Terrorists hit by note ban: Arun Jaitley

Govt's demonetisation move has struck Maoist, J&K armed groups.

21 Aug 2017 1:15 AM IST

Construction sector is major contributor to GDP growth. (Photo: PTI)

Business

Eco Survey: Why 6.75-7.5 pc GDP growth is difficult

Farm loan waivers, tougher monetary policy, GST rollout may leave cascading effect on overall economy.

12 Aug 2017 4:28 PM IST