Leading banks in India like The HDFC Bank, ICICI Bank and Axis Bank have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals after four free transactions in a month.
SARTTAC is a collaborative venture between the IMF, the member countries, and development partners. The center’s strategic goal is to help its member countries strengthen their institutional and human capacity to design and implement macroeconomic and financial policies that promote growth and reduce poverty.
The Centralised Processing Centre (CPC) of the Income Tax Department (ITD) at Bengluru has already processed over 4.19 crore Income Tax Returns (ITRs) and issued over 1.62 crore refunds during the current financial year up to 10th February, 2017.
The Department is encouraged to note that taxpayers have increased the cash deposit amount in nearly 90,000 accounts and provided details of additional 25,000 bank accounts in which cash was deposited.
A Task Force set-up under the Co-chairmanship of the Revenue Secretary and Corporate Affairs Secretary with members from various regulatory Ministries and Enforcement Agencies to monitor the actions taken against deviant shell companies by various agencies.
FICCI appreciates the Government for the passing Goods and Services Tax Bill, GST will help in increasing the productivity and transparency in the country by increasing the tax-GDP ratio. Further One-Country-One-Tax policy will be implemented in the greater interest of the national economy.
Reserve Bank partially restored status quo ante by removing the restrictions on cash withdrawals from Current / Cash credit / Overdraft accounts and ATMs effective January 31, 2017 and February 01, 2017
Latest data from the National Payments Corporation of India (NPCI), which has been executing the schemes, shows that Rs.117.4 crore has been disbursed as reward money to over 7.6 lakh consumers and merchants, as on February 7, 2017.
The Interest rates are determined by the banks with the approval of their respective Board of Directors subject to regulatory guidelines on interest rate on advances issued by RBI from time to time. However RBI does not keep information on the rate of commission charged.
Budget’s thrust on stimulating growth, relief to Middle Class, Affordable Housing, Curbing Black Money, promoting Digital Economy, transparency of Political Funding and simplification of Tax Administration
Atal Mission was launched in June, 2015 to ensure water supply connections to all urban households in 500 mission cities and improving sewerage and drainage networks, urban transport with focus on non-motorised transport like cycling and walking and development of parks and open spaces.
Expert international assistance will be harnessed to improve safety preparedness. The thorough put is expected to be raised by 10 percent. This will be done through modernization, upgradation of identified corridors.
Madam Speaker, I have outlined the Budget proposals under our overarching agenda: “Transform, Energise and Clean India”. Our emphasis will now be on implementing all these proposals for the benefit of the farmers, the poor and the underprivileged sections of our society.
Our Government was elected amidst huge expectations of the people. The underlying theme of countless expectations was good governance. The expectations included burning issues like inflation and price rise, corruption in day to day transactions and crony capitalism.
The Union Finance minister today broke the backbone of the political funding by making a major change in the political funding. now onwards the political parties while getting the one above Rs 2000 will have to make only through cheque or digital mode.
The Income Tax Department has identified 18 lakh taxpayers who will be served notices to seek explanation within 10 days. As per the tax officials, the transactions carried out by these taxpayers post demonetisation and were not in sync with earliar declarations. Is out of line.
There are around 950 Central Government schemes cost around 5 percent of GDP, so there can be like hood if not in the present but in the future after discussion and through planning UBI can be implemented
New estimates of labour migration in India have revealed that inter-state labor mobility is significantly higher than previous estimates. This was stated in the Economic Survey 2016-17 presented by the Finance Minister Shri Arun Jaitley in the Parliament today.
The Economic Survey 2016-17 states that the year was also marked by some tumultuous external developments. In the short-run, world GDP growth is expected to increase because of a fiscal stimulus in the United States but there are considerable risks. These include higher oil prices, and eruption of trade tensions from sharp currency movements, especially involving the Chinese yuan, and from geo-political factors.
In a notification dated on 30th January by the Reserve Bank of India, RBI removed the cash withdrawal limits from the ATMs effective from Wednesday i.e February 1, however this is valid only for the current accounts holders.
The Government would provide interest subsidy under the scheme. Interest subsidy would be available to every rural household who is not covered under the Pradhan Mantri Aawas Yojana (Grameen), PMAY(G).
The (VPBY) will be implemented through Life Insurance Corporation of India (LIC) in the current financial year, which will provide social security during old age and protect old aged people above 60 years from falling of the intrest rates on money due to uncertanies in market.
Earlier the Petrol Pumps association across India had said they will be using only cash as a made of transaction from Monday 8th onwards.The Center Government steps in, they have postponed their decision till January 13.
List of chit fund scam includes The Rose Valley Ponzi scam, Basil International Limited chit fund scam, Saradha Group chit fund scam, Artha Tattva Group chit fund scam and Sea Shore Group chit fund scam.
It looks like the Income Tax department has suddenly become more active ever since the demonetisation. After the chip theory, news for new Rs. 2000 currency notes with radioactive ink has spread in market.
The concerned authotories and the Government of India, is making all the announcements that there is enough cash available with the RBI and at the banks, however the ground realities is totally different.
The shopkeepers are not able to provide change to the customer and often customer goes back. If the swipe machine is down at these shops, then the shopkeepers will not be able to return change on purchase of above 500 as well
Creating a investment plan requires a little more than simply establishing a savings account and buying a few random shares of stocks or in any other things. It is rather a structure a plans and subplans that is right
Earning a good money throughout the year is never a pain for any individual, any person but not paying taxes every one desires but there is no way but you have to pay taxes in India based based on your income.
नई दिल्ली। थोक मूल्य पर आधारित देश की वार्षिक महंगाई दर बढ़कर अक्टूबर में नकारात्मक 3.81 प्रतिशत हो गई। इसके पहले सितंबर में यह दर नकारात्मक 4.54 प्रतिशत रही थी। थोक महंगाई दर में यह वृद्धि मुख्य रूप से पिछले एक साल में प्याज की कीमतों में 86 प्रतिशत और दाल की कीमतों में 53 प्रतिशत की वृद्धि की वजह से हुई है। थोक मूल्य सूचकांक (डब्ल्यूपीआई) पर आधारित वार्षिक महंगाई दर पिछले वर्ष अक्टूबर में 1.66 प्रतिशत थी।