India

New Delhi, Nov 29: Prime Minister Narendra Modi today asked BJP MPs and MLAs to submit their bank account statements of transaction between November 8, the day he announced demonetisation, and December 31 to party chief Amit Shah on January 1, 2017. Modi's direction at the BJP Parliamentary Party meeting came following allegations by opposition parties that the BJP had tipped off some of its own

Mumbai, Nov 29: Around 60% of the value of the demonetised notes (Rs 14 lakh crore), has already been accounted for, according to data released by the Reserve Bank of India (RBI) on Monday. While deposits of the demonetised notes in banks since November 9, when the decision kicked in, total Rs 8.11 lakh crore (57% of the total value of demonetised notes), notes worth Rs 33,498 crore (3%) have been

New Delhi, Nov 28: Providing a window to black money holders, the government today proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don't disclose but are caught. Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and

New Delhi, Nov 28: Seeking to break the deadlock, Home Minister Rajnath Singh today told Lok Sabha that Prime Minister Narendra Modi will speak on demonetisation if the Opposition wanted, but the rival parties demanding debate with a provision for voting remained unimpressed, forcing the House to adjourn for the second time. A number of opposition leaders, including Mallikarjun Kharge (Cong)

New Delhi, Nov 28: On a day they were observing 'Jan Aakrosh Diwas' to protest demonestisation, opposition parties today held a strategy meet where they decided to continue their stir in Parliament till Prime Minister Narendra Modi replies to their concerns and a JPC probe is announced in alleged leak of the decision. A meeting of all the opposition parties, barring JD(U), was held in the chamber

New Delhi, Nov 28: The demonetisation exercise by the Modi government has brought a rarely seen unity among opposition parties, but they stand divided over the way they would protest against the measure today. While the Left parties, including the CPI(M) and CPI have called a 12-hour bandh to protest against demonetisation of old high-value currency notes in West Bengal, Mamata Banerjee's TMC will

Mumbai, Nov 27: Breaking his silence over the demonetisation issue, RBI Governor Urjit Patel today said the central bank is monitoring the situation on a daily basis and taking all necessary actions to "ease the genuine pain of citizens" with a clear intent to normalise the things as early as possible. Patel also said the RBI has announced an incremental CRR (Cash Reserve Ratio) of 100 per cent

New Delhi, Nov 27: With Jan Dhan accounts witnessing a surge in deposits, Prime Minister Narendra Modi today issued a warning to those using poor people to park their illegal money, saying the strict 'benami' law would be implemented against such transactions. He appealed to the people to shift to cashless system of transactions and asked the youth to help in this process by educating the elders

New Delhi, Nov 27: Prime Minister Narendra Modi on Sunday in the 26th edition of 'Mann Ki Baat' urged traders and youth to move towards less-cash society. ''Our dream is a cashless society, but we can definitely take the first step towards a less-cash society", said PM. He said in the wake of the demonetization drive there has been 300 per cent increase in the use of Rupay card since people

New Delhi, Nov 27: The BJP-led NDA government has saved Rs 36,000 crore by digitising economic activities in one year, Union Law and Information Technology Minister Ravi Shankar Prasad said here on Saturday. The various digitised economic activities included payment of subsidies and Mahatma Gandhi National Rural Employment Guarantee wages through direct cash benefit facilities into the accounts of