The Income Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
Akhilesh said cases of graft involving new currency notes are already making news in some parts of the country.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
Bank of America Merrill Lynch on Monday trimmed India's economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal, while global financial services giant Morgan Stanley downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent.
Magnus Carlsen banged the table while his game against World Champion D Gukesh was still in progress, an act that violated chess conduct rules.
The Allahabad High Court has sentenced local lawyer Ashok Pande to six-month imprisonment for contempt of court. The court found that Pande appeared in court without a lawyer's robe and with his shirt unbuttoned, and misbehaved with the judges, calling them "goondas." The court also issued a show cause notice to Pande, questioning why he should not be barred from legal practice in the Allahabad High Court and its Lucknow bench.
Iga Swiatek arrives at Roland Garros this month under a cloud of uncertainty, with the Pole enduring one of the toughest stretches of her career just before the defence of her French Open title.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
Rediff reports on the reasons behind this dramatic shift.
Collection dived to 75-80% in November-December from 99% after demonetisation.
However, India is likely to regain the tag of the fastest growth emerging economies of the world in 2018.
Amidst growing panic over Trump's ban on Harvard's international student enrolment, overseas education consultants have this advice for Indian students.
The Securities and Exchange Board of India (Sebi) on Thursday debarred Ketan Parekh, the stock market operator involved in the stock market scam of 2000, Singapore-based trader Rohit Salgaocar, and one other individual from the securities market for alleged front-running of trades of a United States (US)-based foreign portfolio investor (FPI). The FPI manages around $2.5 trillion worth of funds globally.
Tourists hesitant to visit America due to frequent policy changes there.
FDC drugs are those which contain a combination of two or more active pharmaceutical ingredients in a fixed ratio and are also referred to as 'cocktail' drugs.
About Rs 15 lakh crore of high-value notes were scrapped, against which RBI has managed to supply roughly Rs 4 lakh crore worth of notes in the market so far, Anup Roy/Business Standard reports from Mumbai.
The SC sought response of all the petitioners who have challenged demonetisation.
As many as 26 of 50 urban hubs across the country have shown a moderate upturn in housing prices between December 2016 and March 2017
Prime Minister Narendra Modi asserted on Tuesday that India's water will no longer flow outside the country but will be utilized in the nation's interest, a statement seemingly directed at Pakistan following his government's decision to put the Indus Waters Treaty in abeyance after the Pahalgam terror attack. Addressing the ABP Network's 'India@2047' Summit, Modi emphasized his government's focus on interlinking rivers, noting that water used to be a source of conflict among states, before alluding to India's stance against Pakistan while discussing water. He highlighted the finalization of the India-UK free trade agreement as a historic milestone and underscored the importance of prioritizing national interest for achieving objectives and realizing the country's potential. Modi highlighted the country's growth and development under his government's rule, emphasizing its focus on welfare schemes and digitalization. He reiterated his government's commitment to 'Nation First' and pointed to the recent reforms undertaken, including the new Waqf law and the ban on triple talaq, which he said were aimed at benefiting the marginalized sections of society.
They've also asked to explain how the disclosure of the documents would impact the country's economic interests.
"A significant decline in the growth number for this quarter is highly likely, but for the fiscal year as a whole the decline may still be relatively moderate," Fitch Asia-Pacific Sovereigns Group Director Thomas Rookmaaker said.
Authorities in Bhopal, Madhya Pradesh, have banned begging and warned of penal action against both beggars and those who give alms. The decision comes after similar measures were taken in the state's Indore district, citing concerns about criminal activity and drug addiction among beggars. The order prohibits begging in the entire Bhopal district and states that legal action will be taken against anyone who gives alms to beggars.
The Indian Finance Ministry has instructed its officials to refrain from using AI tools and apps like ChatGPT and DeepSeek on government devices, citing concerns over data confidentiality. This move comes amidst global discussions regarding the potential security risks associated with AI tools and follows similar actions by countries like Australia and Italy, which have restricted access to DeepSeek due to privacy concerns. The directive highlights the growing awareness of the potential security implications of AI technology in government environments.
The India-Bangladesh clash will take place at the Madhavrao Scindia Cricket Stadium in Gwalior, which is hosting an international cricket match after a gap of 14 years.
The MLA pointed out that there is already a ban on the consumption of alcohol in four other states, and Goa should also join the list.
He claimed 50 per cent of the country's black money was going to BJP's coffers.
Of the people whose data the income tax department now has, email and SMS queries have been sent to 13 lakh people.
V-Mart, Manaksia, Whirlpool Global and few other companies posted better third-quarter results.
On the first day of winter session, Prime Minister Narendra Modi reached out to the Opposition.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
'Falling labour participation rate is common in the ageing populations of the developed world.' 'But India is a country with a young population.' 'It is imperative that the labour participation increases.' 'We need a larger labour force to increase our per capita income level,' points out Mahesh Vyas.
It's been 15 days since Prime Minister Narendra Modi sent ripples across the nation when he announced that Rs 500 and Rs 1000 notes would be demonetised immediately. Here are some of the protests that the country has witnessed since then.
Almost 3.3 million houses awaiting completion under the IAY will be built by the end of 2016-17.
In the post-demonetisation phase, the govt's tax revenues have ended up soaring in November.
Nearly 1,500 akansha petis (boxes of aspirations) have been placed in colleges for students to reveal what they expect from a BJP government. While demonetisation figured high in villages, BJP strategist Siddharth Sikka says city youth were "more concerned" about law and order and sanitation.
A bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud said, "We will examine both aspects (inconvenience and constitutional validity) of the matter. Come on Friday at 2 pm".
Ban on high-value currency sends advertising industry into a tailspin.
Debroy, in an interview with India TV news anchor Karan Thapar, said there would be no shortage of currency notes and the demonetisation exercise was justified -- it would be a deterrent for future generations.
United States Charge d'Affaires Natalie Baker on Wednesday met Deputy Prime Minister and Foreign Minister Ishaq Dar as part of efforts to de-escalate tensions with India following the Pahalgam terror attack on April 22 in which 26 people were killed.
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