The government on Tuesday night announced that Rs 500 and Rs 1,000 will be no longer legal tender after November 8, midnight. Here are the details you need know
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
Announcing the cabinet decision, Union minister Prakash Javadekar also said the President, the Vice President, Governors of states have also voluntarily decided to take a pay cut as a social responsibility.
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Neutrality and jurisdiction in international trade need to be discussed threadbare before GST is implemented in India.
The implementation of the NEP and four-year undergraduate programme were approved by the Standing Committee on Academic Matters and the Academic Council last week.
Here are some pointers that should serve as red flags for you
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
Foreign Trade Policy: More incentives for exports, focus on ease of trading
Foreign students knowingly enrolled in the fake school to falsely maintain their student visa status and remain in the US, according to prosecutors.
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
Known as 'vikas purush' (man involved in developmental work), Sinha is a three-time Lok Sabha MP who held charge of the communication ministry as a minister of State in 2016 when the telecom industry was engaged in the sale of spectrum.
5 joint secretaries serving in the ministry of home affairs on Tuesday met Home Minister Rajnath Singh and urged him to reconsider the decision to suspend senior IAS officer G K Dwivedi for renewal of Foreign Contribution Regulation Act licence of controversial Islamic preacher Zakir Naik's NGO.
Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.
Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally.
The new norms also seek to ensure that sufficient safeguards are put in place to avoid any misuse of its new powers and the required privacy of individuals is granted while conducting search and seizure operations.
As per the revised return filing timeline decided by the Council, for July, the sale returns will have to be filed by September 5 instead of August 10. Companies will have to file sale invoice for August with the GST Network by September 20 instead of September 10 earlier.
The government on Friday gave wide-ranging legislative powers to the Reserve Bank of India to issue directions to lenders to initiate insolvency proceedings for the recovery of bad loans.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.
With a sole mandate of inflation targeting, RBI wears many hats.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
Brazilian police arrested Europe's top Olympic official in an early morning raid of his beachfront hotel in Rio de Janeiro on Wednesday, in connection with an investigation into ticket touting at the Olympics. The police said they had discovered evidence linking 71-year-old Irishman Pat Hickey to an international scheme to illegally pass Olympic tickets to touts who were reselling them at well above their original price.
RBI has identified about 50 cases for NPA resolution after it was empowered by the government to ask banks to initiate insolvency proceedings.
Uncapped left-arm spinner Zafar Gohar has joined the test squad from the Pakistan A team currently in Hamilton.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
Be cautious when purchasing from little-known Web sites.
Everything about the way Delhi is governed needs to change, Delhi's Deputy Chief Minister Manish Sisodia tells Aditi Phadnis and Akshat Kaushal.
Aadhaar-related schemes and the Aadhaar Act exist on the assumption that Right to Privacy is not a Fundamental Right.
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
The full transcript of the exclusive interview with Prime Minister Narendra Modi.
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