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Cash ban leads to less cash withdrawal, trouble ahead?

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Cash ban leads to less cash withdrawal, trouble ahead?

New Delhi: Cash withdrawal has been falling rapidly, post demonetisation, as borne out by the fact that it is down to Rs 32,500 crore in the week to March 24 from a peak of Rs 52,800 crore for the week ended January 13, says a report. According to SBI research report Ecowrap, even in the […]

India has ‘Mass corruption’ and we can address it: Paytm Chief

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India has ‘Mass corruption’ and we can address it: Paytm Chief

Davos:  India is a country with “corruption at mass level”, Paytm chief Vijay Shekhar Sharma said (Jan 19) Digitisation would lead to a process where the money trail would ensure that people would be asked to pay tax on the money they have earned. He said the Paytm business model could help address this corruption. […]

Ghost shopper uses debit card to leave man almost ‘cashless’!

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Ghost shopper uses debit card to leave man almost ‘cashless’!

Thane, Bombay (Mumbai): He woke up one morning to find almost rupees two lakh deducted from his debit account by a ‘ghost shopper’, who apparently went on a shopping spree! He stared at his debit card in his hand, scratching his head in disbelief, after which he let out a yell and a torrent of […]

Taxman finds Rs 3,185 cr ‘black’ income; seizes Rs 86cr new notes

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Taxman finds Rs 3,185 cr ‘black’ income; seizes Rs 86cr new notes

Over Rs 3,185 crore of undisclosed income has been detected. Rs 86 crore worth new notes have been seized by the Income Tax department as part of its country-wide operations against black money hoarders since November 8. Official sources said the taxman carried out a total of 677 search, survey and enquiry operations under the […]