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Latest Articles in Demonetisation

Tax Department Not To Hound Small Depositors, Says Arun Jaitley

Assuring people that taxman will not hound those making small deposits in scrapped Rs 500/1,000 currency, Finance Minister Arun Jaitley on Thursday advised them not to throng banks as there is enough time to exchange the junked notes

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Demonetisation And Your Mutual Fund Portfolio

Modi's shock therapy is likely to catalyse a sizeable chunk of this money and draw it into the banking system. Experts predict that the quantum of money that will actually flow into the system over the next few weeks may hit a volume of 5 lakh crore or more

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New Rs 500, 2,000 Notes Designed With Enhanced Security Features

The Rs 2,000 notes, which are being introduced for the first time, will be of magenta colour with Mangalayan imprinted on the reverse side

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New Rs1,000 Notes With Extra Security Features In Few Months, Says Economic Affairs Secretary Shaktikanta Das

Government will re-introduce Rs 1,000 banknotes in a few months and also issue new series of lower denomination bills with enhanced security features

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Demonetisation: Here's How You Should Exchange Your Cash

The Present Government has made a good beginning to end the menace of black. Still more needs to be done, like confiscation of Black Money and have an administrative set up, as an appellate authority

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Deposits Above Rs 2.5 Lakh To Face Tax, Penalty On Mismatch

Further dangling the stick, government on Wednesday night warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 per cent penalty in case of income mismatch

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Rahul Gandhi Must Apply His Mind, Farm Income Still Tax Exempt, Says FM Arun Jaitley

Rejecting Rahul Gandhi's charge that the demonetisation move has hit farmers, Finance Minister Arun Jaitley has said the Congress leader must "apply his mind" and understand that those in farming will not face any tax whether they keep their money at home or in banks

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Demonetisation To Increase Economy Size, Enhance Revenue Base, Says FM Arun Jaitley

Demonetisation of Rs 500 and Rs 1,000 notes will expand the size of economy, increase revenue base and make the system cleaner while preserving its credibility, Finance Minister Arun Jaitley said

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Financial Services Cheer Scrapping Of Rs 500, Rs 1,000 Currency Notes

India's abolition of Rs 500 and Rs 1,000 notes with virtually no warning caused confusion and concern among ordinary people and in sectors of the economy where cash is king, but banks and electronic payment services are among those licking their lips

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Demonetisation: Ola Money Sees 1500% Rise In Wallet Recharge

Digital payment solution Ola Money has reported over 1500 per cent increase in recharges across 102 cities of its operation in past 15 hours after government withdrew circulation denominations of Rs 500 and Rs 1,000 currency notes in a major move against black money and graft

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RBI Dashes Hopes Of Real Estate Sector

The sector is bracing for a slower demand and a dip prices. Much of the real estate sector, particularly rural land and urban housing, has been using cash for property dealings

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