A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in Parliament shortly.
Only Rs 16,050 crore out of the Rs 15.44 lakh crore of the old high denomination notes have not returned.
'The more harder India pushes its nationalism on to its population, the further away we send Kashmiris.' 'We should understand that the unrest in that state cannot be solved by demonetisation. There are much deeper causes,' says Aakar Patel.
'It sounds hollow when the military -- the last bastion meant to secure India within the State of India -- is itself not found secure on the third day of the Pathankot strike, in spite of so-called definitive intelligence inputs and preparations,' says Lieutenant General Anil Chait (retd), former chief of the Integrated Defence Staff.
'People are tense. The morale of the perpetrators of the Kaliachak attack is very high.' 'People there fear that if the arsonists there could burn the police station today, they can burn the courts tomorrow; they will burn the collectorate.'
They are the first to be declared terrorists under the new anti-law, a home ministry official said.
The National Investigation Agency has taken over the probe into the case of alleged hatching of a plot by Pakistan-based terror group to carry out suicide attacks on the US and Israeli consulates in South India.
According to an Amnesty report, at least 1,032 people were executed in the world, other than China, of which 87 per cent took place in just four countries -- Iran, Saudi Arabia, Iraq and Pakistan.
It's five months after 8/11. But this is not the first time that India's currency of the time faced the axe. The Mughals, after invading a territory, would effect the demonetisation of the local currency with the aim to cripple the economy of the land.
A united Opposition is expected to move amendments to the motion of thanks for the President's address on how note ban was a mess.
Gandhi alleged that demonetisation is the biggest scam in history of India.
He claimed 50 per cent of the country's black money was going to BJP's coffers.
A scrutiny of the PM's statements in the last 12 weeks lays bare a stunning lack of homework for a policy that has affected each of the 1.25 billion people of India.
The current limit of Rs 24,000 per week has been raised to Rs 50,000 for savings accounts.
Indian embassies in the Gulf region have advised Non-Resident Indians staying in the region not to carry large amount of Indian currency when travelling to India.
The Opposition on Thursday hit out at Prime Minister Narendra Modi saying his note ban decision was "reckless".
The economic affairs secretary said that the focus is on production and supply of Rs 500 and lower denomination notes.
President Pranab Mukherjee addressed a joint session of Parliament ahead of the budget session which began on Tuesday. Here are the highlights of President Pranab Mukherjee's speech:
The earlier attempt by the authorities in Dhaka that Islamist militancy had not established a presence in Bangladesh will now have to be given up.
Urjit Patel said said the process of remonetisation was on and estimation of costs was a complex exercise.
The United States and India Tuesday asked the international community to take effective steps towards eliminating sanctuaries and infrastructure that support terrorism.
'The execution has been 100 per cent faulty.' 'The scheme is also a stupid one, a real Tuglaq Darbar scheme.' 'This way of attacking black money is the most ineffective one.'
The United States plans to introduce ''significant changes'' in the appearance of the dollar, including a colour other than green, as part of an intensified campaign to stop counterfeiting, Under Secretary of Treasury Peter Fisher has said.
The event will be significant for the Congress and Trinamool Congress leaderships, cementing the proximity during the winter session of Parliament.
Demonetisation is not the end but the beginning of a "long, deep and constant" battle against black money and corruption and will benefit the poor and the common man, Prime Minister Narendra Modi on Tuesday said as the BJP parliamentary party passed a unanimous resolution endorsing his "great crusade".
The template is the top secret plate which is used for printing the currency.
Piloting the Specified Bank Notes (Cessation of Liabilities) Bill, Finance Minister Arun Jaitley said it will extinguish the government's liability towards scrapped notes and also eliminate the possibility of their bring used as parallel currency.
Munich-based Giesecke and Devrient supplies security features to the RBI for currency notes, and machines to bank branches across the country to detect counterfeits.
With the introduction of Rs 200 notes, the problem people face due to high-value Rs 2,000 notes would be taken care of.
With the introduction of new notes, India will have denominations of Rs 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000.
In related findings for India, the FATF in a report brought out last month, chronicled the use of banking channels to fund the activities of the banned terror group Hizb-ul-Mujahideen.
'If one is looking for evidence of his talents as a mass leader, it has been on display since he announced demonetisation on November 8.' 'Let us look at it and appreciate it, because we are in the presence of a true master,' says Aakar Patel.
'As the weeks passed, we saw our group changing.' 'It was becoming a microcosm of the world outside -- a world we had hoped would never intrude into this space,' says Veenu Sandhu.
The operation is not a favour to Nepal. It's in India's interests to rebuild a new Nepal
'It's scary to know that those arrested passed on sketches of warships etc to the ISI.' 'Who are the people behind the masks? Are they hiding in our various defence units?'
Delhi Police faced a tough time in 2016 when crime cases surged by over nine per cent in the national capital while 73 per cent cases remained unsolved.
India will be informing Sri Lanka about an official working with the Pakistan High Commission in Colombo who was allegedly playing a key role in planning terror strikes at the behest of ISI on the US and Israeli consulates in the southern part of this country.
The RBI has issued certain guidelines to detect counterfeit notes. Some of the common ways to detect fake are Watermark, Security Thread, Colour and Fluorescence.
Shah defended the government for not filing an appeal against the acquittal of all four accused, including the radical right-wing's Swami Aseemanand, in the 2007 Samjhauta Express blasts case.
Fake Indian currency notes of Rs 1,000 seized in Mumbai recently were unlikely to have been made in a small private press, a senior police official said on Friday.
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