Oz warns Aussie Tourists on Cash Ban fallout!

Oz warns Aussie Tourists on Cash Ban fallout!

Melbourne: The Government of Australia has advised its citizens travelling to India to not to bank heavily on cash, even 100 dollar notes! It advised Aussie tourists to use electronic payments. It said that some visitors are facing difficulties in exchanging 100 dollar notes in India after demonetisation. In the latest advisory issued yesterday, Department […]

Parl Committee Questions ‘Cashless’ Security

Parl Committee Questions ‘Cashless’ Security

New Delhi: Is all this shoving the country towards a cashless economy really safe? That’s the question thrown up by a Parliamentary Standing Committee. Is data transfer on these new ‘pockets’ and ‘wallets applications really safe, or will new users find that their bank accounts are broken into by hackers? Do we have proper laws […]

‘Old note’ holders will be punished: new proposal!

‘Old note’ holders will be punished: new proposal!

New Delhi, Dec 28: This cash ban soap opera  never ends the twists and turns ! The government has come up with a new rule once again! Two days before the deadline for depositing old 500 and 1,000 rupee notes expires, the Cabinet today approved promulgation of an Ordinance to make possession of a large […]

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

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 […]

Aamir Khan: cash ban is good move

Aamir  Khan: cash ban is good move

Bombay (Mumbai): Superstar Aamir Khan says demonetisation is a good move by the government to curb black money, but expressed sadness that the common man felt the ‘pinch’ of the crunch the most.  He said  all citizens should support the initiative taken by the government. “I know common people are facing problems and I feel […]

Delhi Street vendors: from no cash to cashless?

Delhi Street vendors: from no cash to cashless?

 Faced with plunging revenues post the government’s ‘demonetisation drive’ and suffering the  agony of the continuing cash crunch, a street vendors’ forum today tied up with a mobile wallet company to train vendors go digital and tide over the cash crunch due to the exercise. National Association of Street Vendors of India (NASVI), which claims […]

Has Mr Modi’s Gamble gone Wrong?

Has Mr Modi’s Gamble gone Wrong?

Sir, Prime Minister Narendra Modi is known for many things, but lack of confidence is not one of them. In fact, he is someone who often comes across as being too sure of the eternity of his power. His targets and rhetoric have also reflected how he believed that in light of the massive mandate […]

Indian Army’s new job: Printing currency notes?

Indian Army’s new job: Printing currency notes?

Hang on, you dry ATMs, the army has been called to the rescue! The Army has been called in to help churn out the new Rs 500 notes at a faster pace! The 200 soldiers will do the non-technical stuff. Army jawans are now assisting the Bank Note Press employees at Dewas in Madhya Pradesh […]

Uff! Banks shut for 3 days, no cash in ATMs!

Uff! Banks shut for 3 days, no cash in ATMs!

Bombay (Mumbai), Dec 12 : Three bank holidays back to back. No money in ATMs. People reeling under the currency crunch no longer believe the “bhagao blackmoney” spiel of the government. And to top it all, from where did the  many bags of brand new 2000 rupee notes being ‘seized’ come from? As the banks […]

Dubious Ways to Claim People’s Approval

According to Indian government announcement, an App ‘survey’ has found that well over 90 per cent of the countrymen and women support ‘demonetisation’ (an inappropriate nomenclature, according to some) as a result of which Rs 500 and Rs 1000 currency notes became illegal within four hours of the Prime Minister Modi making that known on […]

India ‘cash ban’ makes Diplomats see red!

New Delhi, Dec 7 : Has the Modi government’s ‘Cash ban’ breached international protocol? Many foreign governments are saying so. Foreign missions cannot access their own money in Indian banks! If this situation continues, they threaten to stop funds for Indian embassies abroad. Anguished over restrictions on withdrawals by their embassies, many foreign governments are […]