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Latest Articles in black money

Reserve Bank Pumped In Rs 9.2 Trillion Worth Of New Notes So Far

The Reserve Bank of India has injected Rs 9.2 trillion worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary source quoted central bank governor Urjit Patel as saying on Wednesday

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Case Analysis: A Bolt From The Blue

Poor quality education facility and support systems fail to provide the experience that help in acquiring knowledge, skills and attitudes that are conducive to social participation; hence rural youth are ill-prepared

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Note Ban Can Do Little To Stop Future Black Money Flow: Assocham

Demonetisation may wipe out the present stock of black money held in cash from the economy but cannot eliminate the ill-gotten wealth converted into assets such as gold and real estate, Assocham said on Tuesday

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Worse Is Yet To Come: Manmohan Singh On Demonetisation

Amid fears of a decline in the country's GDP, former Prime Minister Manmohan Singh cautioned the people on Wednesday that the worse was yet to come in the wake of demonetisation which he termed as a "disaster"

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Note Ban Gains 'Highly Uncertain', Says Fitch

Benefits of demonetisation are "highly uncertain" and the potential positives are unlikely to be strong or last long enough to make a significant difference to government finances or medium-term growth prospects

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Board Recommended Note Ban After Govt Advice: RBI To Parliamentary Panel

Contrary to popular belief, it was the Government which had "advised" the Reserve Bank to junk Rs 500/1000 notes on November 7 and the board of the central bank the very next day recommended the demonetisation

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Tax Evasion Suspected In Rs 3-4 Lakh Crore Deposits Post Note Ban

As it analyses bank deposits post- demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1000 notes

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Playing Pro-poor Card Ahead Of Assembly Polls, PM Modi Says Note Ban To Lift Their Life

Playing the pro-poor card, Prime Minister Narendra Modi has said they are the focus of his government and projected demonetisation as a long-term tool to fight black money and corruption to improve their lives

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Note Ban Most Disruptive Policy Innovation Since 1991, Says RBI Chief D Subbarao

Former Reserve Bank governor D Subbarao on Thursday termed demonetisation as "creative destruction and the most disruptive policy innovation since 1991 reforms" that has helped destroy blackmoney

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Demonetisation: Alternate Measures Could Have Adopted To Tackle Black Money

Implementation of stricter laws and regulations such as imposing much higher tax rates on black money coupled with civil punishments

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Black Money In Polls: Election Commission To Deploy 400 Observers In 5 States

The Election Commission will deploy about 400 expenditure observers, drawn from the IRS and other central services, to check use of black money and other illegal inducements in the Assembly polls in five states

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NRIs Need To Show Old Notes To Customs At Airport

Non resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get declaration form stamped

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PM Modi Defends Note Ban, Announces Sops

Prime Minister Narendra Modi announced a slew of incentives to the poor, farmers, women and small businesses on Saturday in a special New Year's address, and defended his shock decision to abolish high denomination bank notes

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