The country’s biggest bank State Bank of India saw nearly Rs 40,000 cr deposited by the public in its branches in the first two days of the ongoing currency swap. A total of Rs 1,666 cr worth of notes were exchanged. Under the ongoing currency swap, bank customers can get up to Rs 4,000 worth […]
Thanks to technology, the Income Tax department is now able to track all your bank accounts in all the banks in India, and show you the details on its website. The details of your accounts can be seen on incometaxindiaefiling.gov.in — the portal used to file your income tax returns. As of now, only those […]
With money tied up in banks, the Income Tax department has conducted multiple raids across the country to find undeclared income. The raids were conducted in Delhi, Mumbai, Chandigarh and other cities. The raids are being conducted to unearth undeclared cash, according to sources. It is believed that the Income Tax dept was able to […]
With bank withdrawals restricted, the Income Tax Department seems to be taking the opportunity to move in on a long-time target of tax evasion investigators — co-operative banks. Several co-operative banks in Kerala have got Income Tax Department notices seeking details of deposits. It is not known if banks in other states have also got similar notices. […]
Youtuber Gaurav Chaudhary, who goes by the name of Technical Guruji, has set off a minor storm in the gadget reviewer circles by accusing many of his peers of passing on paid reviews for the real thing. Chaudhary dons the mantle of the whistleblower and warns his fellow reviewers and Youtubers not to cheat their audience […]
The National Highway Authority of India has suspended collection of tolls on all national highways in the country. “It has been decided to suspend Toll across all National Highways till midnight of 11th November to facilitate smooth traffic movement,” Road Transport minister Nitin Gadkari said. The clarification comes in the wake of troubles faced by motorists […]
Former finance minister P Chidambaram said the previous Congress governments had also considered attacking black money by swapping currency notes, but decided against it as it was considered too costly. Talking to mediapersons, Chidambaram said the cost of swapping the notes would be between Rs 15,000-20,000 cr and the benefit should at least be equal […]
Industry body ASSOCHAM today expressed confidence that apprehensions linked to President Elect Donald Trump of United States “would certainly prove wrong” in the coming days. The industry association said Trump’s sober, very fair sounding and statesman like demeanor promising a fair deal with the rest of the world should indicate an opportunity to take India’s […]
US-based Morgan Stanley has given its thumbs up to Narendra Modi’s bold and unprecedented move to curb illegal funds by swapping currency notes. The government announced on late yesterday night that it will demonetise the high denomination currency — Rs. 500 and Rs. 1000 notes. A new series of the Rs 500 note and a […]
The Reserve Bank of India has released the following question and answers to alleviate citizens’ doubts about the new ban on 500 and 1000 rupee notes.We are reproducing the entire FAQ below for readers’ convenience. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the […]
Future Group has decided to keep its Big Bazaar supermarket open till midnight today. “We are getting a lot of enquiries from customers… so we’ve decided to keep it open till about 11:50 PM,” Kishore Biyani, chairman of Future Group told the media. Though it is being portrayed as a measure of convenience for customers who […]
US sports goods manufacturer Nike has started online retail operations in India via its portal Nike.com. India-based users can now order from the global portal and have it home delivered. Earlier, only certain markets such as Australia, Hong Kong and Indonesia were being served by the online division of the company, arguably the world’s biggest […]
The interconnection dispute between Reliance Jio and incumbent operators like Idea Cellular, Vodafone and Bharti Airtel has been “largely resolved,” an official with one of the incumbent operators said. “We have provided enough points to avoid any congestion-related problems in the foreseeable future,” said an official with one of the three incumbents. According to the […]
GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, today signed the agreement with Government of Goa for the development and operation of north Goa’s Greenfield International Airport at Mopa. GMR Airports Ltd (GAL) a subsidiary of GMR Infrastructure Ltd, is one of the largest airport developers in the world; handling more than 70 […]
The Press Trust of India reported that the government of India has put on hold its earlier directive to take news channel NDTV India off-air for one day. Quoting unnamed sources, the news agency said the Information & Broadcasting ministry decided to put the move on hold. The move had been roundly condemned by media […]
Tata Motors’ subsidiary Jaguar Land Rover reported its best-ever October retail sales of 46,325 vehicles, up 11% compared to October 2015. “The month’s performance has been driven by strong sales of the Land Rover Discovery Sport, Range Rover Evoque, Jaguar XF and the introduction of the Jaguar F-PACE, as well as strong year on year […]
A security guard found an improvised pistol and seven cartridges near one of the gates of Jawaharlal Nehru University in Delhi. The items were found inside a bag. The bag was found at 2 am today, about 50 meters from the North Block gate. The area around the North Gate is primarily residential. The university […]
Angel Broking said it believes that the US Federal Reserve is likely to raise policy interest rates starting from December this year. The broking house was responding to the latest move by the US central bank to keep rates steady at its last policy decision before next week’s US Presidential election. “The Federal Reserve has […]
DHFL, one of India’s leading non-banking housing finance companies, cut home loan interest rates by 0.2 percentage points to 9.35% for its new customers with effect from October 11. The Company will offer the interest rate of 9.35% for loans upto Rs 30 lakhs which is categorized under affordable housing. The cut has come in […]
Govt of India has constituted a high level technical team to visit the Cauvery basin area on the 7th of this month to assess the ground realities in the basin. The team will meet at Bengaluru for a preparatory meeting and subsequent visit to the Cauvery basin area for assessing the ground realities and submit […]
