Tag: demonetisation

Specified Bank Notes Cessation of Liabilities Ordinance 2016 passed. Penalty of higher of Rs. 10000 or five times for dealing in old notes (SBNs)

Specified Bank Notes Cessation of Liabilities Ordinance 2016 passed. Penalty of higher of Rs. 10000 or five times for dealing in old notes (SBNs)  Ministry of Finance Dated: 31/12/2016 Press Release The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 …

Demonetisation-Revenue collection belies adverse impact predicted by critics. Assessment can be unreal but revenue is real-Finance Ministry

Demonetisation-Revenue collection belies adverse impact predicted by critics. Assessment can be unreal but revenue is real-Finance Ministry Ministry of Finance Dated: 29/12/2016 Press Release Statement made by the Union Finance Minister Shri Arun Jaitley on Remonetisation and its impact. Following is the transcription of the Statement made by …

Banks to conduct due diligence for old bank notes deposit exceeding Rs.5000 between 19th and 30th December, 2016 for not depositing earlier

Banks to conduct due diligence for old bank notes deposit exceeding Rs.5000 between 19th and 30th December, 2016 for not depositing earlier Ministry of Finance Dated: 19-12-2016 Press release Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016 The deposits …

Old note bank deposit one time limit not apply to PMGKY-2016. After Mof, RBI notification clarifies on various aspects of SNNS deposit into bank accounts

Old note bank deposit one time limit not apply to PMGKY-2016. After Mof notification dated 18-12-2016, RBI notification clarifies on various aspects of SNNS deposit into bank accounts Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank …

Political parties not immune to investigation post demonetisation if discrepancy is noticed they shall be questioned by Income Tax as is anyone else-MoF

Political parties not immune to investigation post demonetisation if discrepancy is noticed they shall be questioned by Income Tax as is anyone else-MoF Ministry of Finance 17-December, 2016 Press Release Statement by Finance Minister Shri Arun Jaitley Following is the statement by Union Minister for Finance and Corporate …

e-Payment System for Airport Parking Charges. Airports Authority of India instruction for evolving mechanism of e-payment transactions

e-Payment System for Airport Parking Charges. Airports Authority of India instruction for evolving mechanism of e-payment transactions  Ministry of Civil Aviation Dated: 15th December, 2016 Press Release Digital Payment System For Parking Charges At Airports Airports Authority of India (AAI) has issued directions to the respective Car Parking …