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.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
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.
'The larger and more opaque this shadow economy becomes, especially online, the greater the risk to India's national security.'
Maoists have admitted that 28 cadres, including their top leader Basavaraju, were killed in an encounter with security forces in Chhattisgarh's Bastar region last week. The Naxals also claimed that some of their cadres had surrendered to police and provided information that led to the operation. Police have recovered a large cache of weapons, including an AK-47 looted by Basavaraju from security forces in a 2010 ambush.
President Pezeshkian on Saturday said that Iran unequivocally denounces such "inhumane acts", Iran's embassy in New Delhi said in a post on X.
A student activist and "independent journalist" from Kerala, Rejaz M. Sheeba Sydeek, has been arrested in Nagpur for allegedly "preparing to wage war against the Government of India." The arrest was made after Sydeek allegedly condemned Operation Sindoor, an Indian Armed Forces operation against terror targets in Pakistan, and criticized operations against Naxalites on his Instagram account. Police found a book about professor G N Saibaba, who faced trial for alleged links with Naxalism, and another about Marxism-Leninism in Sydeek's bag. An English letter seized from his possession appeared to criticize the Indian government for anti-Naxal operations and called for "peace talks between the Indian state and the (banned) CPI (Maoist)".
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.
Originally hailing from Andhra Pradesh, the 67-year-old was involved in indoctrination and radicalization of youth and also responsible for numerous Maoist attacks in Chhattisgarh, resulting in the death of civilians and security personnel, they said.
Referring to the enactment of the Chhattisgarh Auxiliary Armed Police Force Act, 2011 which created a trained force to aid and assist the security forces in maintaining law and order in the state, the bench said in its view it cannot be said to be an act of contempt of the order of 2011 passed by this court.
At least 10 militants were killed in a gunfight with an Assam Rifles unit in Manipur's Chandel district on Wednesday, officials said. The operation is still in progress, they said.
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
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.
'Such unpredictability is motivating families to seek destinations with a more stable educational system.'
The Instagram accounts of leading current and former Pakistani cricketers were blocked in India on Friday.
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.
Intense rains lashed Kerala on Sunday, uprooting trees across the state, including one that fell on a moving train in Thrissur and another that caused a fatality in Kozhikode. Houses were damaged, rivers were in spate, and shutters of some dams were raised as the southwest monsoon gained strength. The Indian Meteorological Department (IMD) placed five northern districts - Malappuram, Kozhikode, Wayanad, Kannur, and Kasaragod - under a 'red alert' for the day, predicting extremely heavy rainfall there.
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.
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.
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.
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.
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.
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.
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