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Bank unions seek Arun Jaitley’s intervention to end cash crunch

Bank unions seek Arun Jaitley’s intervention to end cash crunch

MUMBAI(PTI): Two large bank unions have demanded immediate intervention of Finance Minister Arun Jaitley in ending the acute cash shortage in the system following the demonetization of high-value notes last month. In a letter written to Jaitley, All-India Bank Employees Association and All-India Bank Officers Association has said that RRI should take immediate steps to […]

RBI Chief Urjit Patel will declare RBI policy this week

MUMBAI: While the political and academic arena has been abuzz with opinions in the aftermath of the government’s demonetization move, the Reserve Bank of India (RBI) including its chair has been largely mum save from the regular mandates it has issued about the norms under the decommissioning move. In the coming week, all eyes will […]

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I-T dept finds unaccounted income worth Rs 152 crore after raids in Bengaluru, Chennai & Erode

The biggest-ever seizure of cash in new currency on Friday grew to over Rs 5 crore even as the Income Tax department said it detected unaccounted income worth Rs 152 crore after it conducted searches in a dozen premises in Bengaluru and other locations. I-T officials said the cash found, after searches were launched on […]

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Bengaluru: Income Tax dept seizes Rs 5 crore cash in new and old currency

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Bengaluru: Income Tax dept seizes Rs 5 crore cash in new and old currency

Bangalore(ANI): In one of the biggest seizures of new currency, the Income Tax department on Thursday confiscated Rs 5 crore in searches against at least two individuals in Bengaluru. Officials said the searches were launched on the premises of an engineer and a contractor. The sleuths of the department seized over Rs four crore in […]

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Impartial CouponDekho Review: Additional Discounts For All

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Impartial CouponDekho Review: Additional Discounts For All

Indilens ecommerce desk: Most of us are always looking for ways to get additional discounts on purchase of various products. Those who are new in this field of online shopping should know that large number of additional coupons are there that can be used for availing cool discount on various products on majority of shopping […]

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Ecommerce: Avail Discounts on Online Shopping by using discount Coupons

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Ecommerce: Avail Discounts on Online Shopping by using discount Coupons

Ecommerce desk: Accessibility of internet and the availability of uncountable online shopping stores have greatly influenced the shipping habits of the customers. Now, most of the customers prefer for online shopping than the traditional ways of shopping. It is the most convenient way for them to get the best products at the reasonable rates. You […]

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IT dept raids Janardhan Reddy’s office after his daughter’s extravagant wedding

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IT dept raids Janardhan Reddy’s office after his daughter’s extravagant wedding

The Income Tax department raided the office of mining baron and former Karnataka minister Janardhan Reddy on Monday after news about his daughter’s extravagant wedding went viral, reported News 18. Meanwhile, PTI reported that I-T dept had conducted surveys in Bangalore and Hyderabad on service providers engaged for his daughter’s wedding. Reddy, a former BJP […]

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Bank officers union calls for Urjit Patel’s resignation; focus on RBI’s role

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Bank officers union calls for Urjit Patel’s resignation; focus on RBI’s role

NEW DELHI: The All India Bank Officers Confederation has called for the resignation of Reserve Bank of India governor Urjit Patel, taking the moral responsibility for the current crisis in the country and the deaths of more than 50 people, including 11 bank officials, according to a report in The Indian Express. “The present governor […]

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Banks replenish money chest with soiled notes, Rs 10 coins

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Banks replenish money chest with soiled notes, Rs 10 coins

MUMBAI: With a surge in demand for smaller denomination notes, the Reserve Bank of India (RBI) has put soiled notes—mainly of Rs 100 and lower denominations—back into the system, along with a fresh supply of Rs 10 coins. According to the available data, as on March 2016, RBI had in its possession 16,368 million pieces […]

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Note ban no hurdle to new age firms

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Note ban no hurdle to new age firms

Mumbai,SHAILI CHOPRA: The future of payments and therefore commerce is transforming. Entrepreneurs are not only supportive of this move but are also saying contrary to popular belief: there is no standstill of transactions. Radhika Aggarwal of Shopclues.com calls this a big bold step with some temporary disruptions. “It’s however temporary. UPI was a great first […]

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