Tag: demonetisation
Demonetisation adverse impact was transient and felt mainly in November and December 2016. The impact moderated significantly in January 2017-RBI Macroeconomic Impact of Demonetisation- A Preliminary Assessment Reserve Bank of India March 10, 2017 Demonetisation announced on November 8, 2016 was aimed at addressing corruption, black money, counterfeit …
Exchange of old currency notes grace period after 30-12-2017 Submission of old currency notes of Rs. 500 and Rs. 1000; The grace period for Indian citizen residing in India is March 31, 2017 and for Indian citizen resident outside is June 30, 2017 The Specified Bank Notes (Cessation …
Persons whose tax profiles not match with cash deposits made in bank during the demonetization period identified-Operation Clean Money Ministry of Finance PIB Press Release dated 10/03/2017 Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits …
SOP for verification of Cash transactions deposits in bank by Income Tax Officers post demonetisation. CBDT issues detailed Standard Operating Procedures Instruction No. 03/2017 Government of India Ministry of FinanceDepartment of Revenue Central Board of Direct Taxes North Block, New Delhi Dated 21st of February, 2017 Subject: – …
Harsh punitive actions against shell companies to prevent misuse for money laundering and tax-evasion for unearthing black money post demonetization Ministry of Finance Press Release Dated: 10-02-2017 Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of …
No savings bank cash withdrawals limit from 13-03-2017. Limit enhanced to Rs. 50,000 per week from current limit of Rs. 24000 per week Removal of limits on withdrawal of cash from Saving Bank Accounts RBI/2016-17/224 DCM (Plg) 3107/10.27.00/2016-17 February 08, 2017 All Banks Dear Madam / Sir, Removal …
Reports submitted to RBI regarding SBN deposited in banks as on 30-12-2016. says Government. However still no data appears to be available on Fake Currency Notes returned due to demonetisation. Ministry of Finance Press Release Dated: 7th February, 2017 Demonetisation of old 500 and 1000 rupee notes The …
Economic Survey 2016-17 Impact of Demonetisation. Effect through end-December and likely longer-term effect. Cash squeeze to end by April 2017. Ministry of Finance Dated: 31/01/2017 Press Release GDP growth in 2017-18 is projected at 6 ¾ to 7 ½ percent Post-demonetisation Middle class to get affordable housing due …
Cash Withdrawal Limit Removed-ATM for current overdraft cash credit accounts immediately and for ATM from 01-02-2017 Reserve Bank of India Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17 January 30, 2017 The Chairman / Managing Director …
Business Sentiments for Q4 2016-17 Declines-RBI Survey Decline in Overall Business Sentiments for Q4:2016-17: RBI’s Industrial Outlook Survey finds The 76th round of the Reserve Bank of India’s Industrial Outlook Survey (IOS) indicated a decline in business sentiments. This round of the survey was conducted during October-December 2016. …
