The new year may not bring much relief for the employees as the employers are already on the 'wait and watch' mode and salary hikes indicate a weak trend, as per experts.
Coal imports are likley to decline this month as well due to note ban and soaring oil prices in international market. The imports have already dropped by 16 per cent to 14 million tonnes (MT) in November.
As a part of anti black money crackdown operations in the city, income tax department officials have recovered Rs 66 lakh in cash, all in new Rs 2000 notes.
Denying that government ever talked about going 100 percent cashless, Union Minister Santosh Kumar Gangwar said that even if 15-20 percent success is achieved in going cashless, it will be a big achievement for the country.
Finance Minister Arun Jaitley on Saturday said infrastructure investment needs a booster and his next Budget in February will focus on encouraging more public as well as private spending to boost economic growth.
The Reserve Bank has pumped in Rs 5.50 lakh crore in new currency so far and more currency will be infused in the system as soon as possible, a top finance ministry official said Saturday.
The ED has conducted searches against four bullion traders in Mumbai and has detected Rs 69 crore worth transactions in cash done by them allegedly using fake companies.
There are enough provisions in the Income Tax Act to scrutinise the accounts of political parties even though their income is tax exempt, the government said Saturday.
CBI has arrested two employees of cash department of Reserve Bank of India in Bengaluru in connection with alleged conversion of Rs 1.99 crore of demonetised currency with specified bank notes of Rs 2,000 and Rs 100.
Urjit Patel was appointed as the new Governor of the Central Bank. He succeeded Raghuram Rajan. Patel, the 24th RBI Governor, will serve a three-year term with effect from September 4.
A money laundering case has been registered by the Enforcement Directorate (ED) in the alleged forging of a customer's identity to conduct huge illegal transactions in an Axis Bank branch in Noida.
Hinting that not all of the Rs 15.44 lakh crore worth of currency scrapped will be remonetised, Finance Minister Arun Jaitley said that the digital currency will fill the gap.
Finance Minister Arun Jaitley on Saturday said that GST is a transactional levy that unlike income tax can be implemented anytime during the year.
The police recovered unaccounted cash worth Rs 4.4 lakh in new currency notes of Rs 2,000 from Krishna district of Andhra Pradesh.
Finance Minister Arun Jaitley on Saturday hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.
Given below is the city-wise price list of petrol and diesel post the hike by Indian Oil Corporation.
Petrol price was on Friday hiked by Rs 2.21 per litre and diesel by Rs 1.79 a litre in line with global trends.
Know the fare structure of Humsafar Express which will have AC - 3 Tier.
Know the salient features of the new black money disclosure scheme Pradhan Mantri Garib Kalyan Yojana (PMGKY), which kicks-in from December 17.
According to the Humsafar fare structure, 50% of the tickets will be made available for passengers on 1.15% higher base fare and thereafter 10% increase on every 10% tickets sold on subsequent bookings.