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EPFO cuts interest rate on PF deposits for 2016-17 to 8.65% EPFO cuts interest rate on PF deposits for 2016-17 to 8.65%

Retirement fund body EPFO on Monday fixed 8.65 percent rate of interest on EPF deposits for the current fiscal for its over four crore subscribers.

 

 

Demonetisation: Old notes deposit above Rs 5000 to be made only once per account till December 30 Demonetisation: Old notes deposit above Rs 5000 to be made only once per account till December 30

Deposit of banned Rs 500 and Rs 1,000 notes for amount exceeding Rs 5000 shall be made only once per account until December 30, the government said on Monday.

Demonetisation: RBI Governor Urjit Patel to brief Parliamentary panel today Demonetisation: RBI Governor Urjit Patel to brief Parliamentary panel today

Reserve Bank Governor Urjit Patel will brief the Parliamentary Committee on Finance about the demonetisation process and its impact on Monday.

These 'change agents' can get up to Rs 5 crore of black money exchanged per day These 'change agents' can get up to Rs 5 crore of black money exchanged per day

The Income Tax department has conducted over 200 black money related search operations since the announcement of demonetisation and have found crores, not just in old currency, even in new 2,000-rupee notes that are not so easily available at banks and ATMs yet.

Demonetisation has a new group of fans and you won't believe who they are! Demonetisation has a new group of fans and you won't believe who they are!

While most political parties in the opposition have been against it, there is no denying that demonetisation has also found huge supporters from various walks of life.

Alert! Use this e-mail id to inform govt about tax evaders Alert! Use this e-mail id to inform govt about tax evaders

The government also unveiled an e-mail address to allow people to send information about tax evaders. 

Charges on debit card transactions of up to Rs 2,000 to be lowered by RBI Charges on debit card transactions of up to Rs 2,000 to be lowered by RBI

In order to promote digital payments, the Reserve Bank of India (RBI) lowered merchant discount rates or payments made by debit cards under Rs 2,000

Demonetisation: New income disclosure scheme kicks off, March 31 deadline for black money holders Demonetisation: New income disclosure scheme kicks off, March 31 deadline for black money holders

This income disclosure scheme, which is seen as the last attempt to by the government to curb the black money inflow in the system, rolls out from Saturday and end on March 31, 2016. 

7th Pay Commission: Revised allowances for central govt employees to come into effect only after March 2017 7th Pay Commission: Revised allowances for central govt employees to come into effect only after March 2017

Central government employees have been demanding a better monthly pay package under the 7th Pay Commission, and demanding reinstatement of all the allowances abolished or subsumed by the pay panel.

Noose tightens on tax cheats, even as govt gives one last chance to come clean on black money Noose tightens on tax cheats, even as govt gives one last chance to come clean on black money

The government has tightened noose on black money holders and is planning to apply technology like data analytics and data mining to sift accounts that are trying to covert their black money into White,  even though it announced one last chance, on Friday, to come clean on the unaccounted wealth.

Axis Bank cuts lending rates by up to 0.15% Axis Bank cuts lending rates by up to 0.15%

Country's third largest private lender Axis Bank Friday announced up to 0.15 percent reduction in its lending rates, signalling a further downward trend in borrowing costs.

Govt exempts deposit in bank a/cs of political parties from income tax subject to conditions Govt exempts deposit in bank a/cs of political parties from income tax subject to conditions

This move by the government comes even as it levies stiff penalties on unaccounted cash in banks following the demonetisation move.

Unaccounted cash/deposits before April 1 can be disclosed under new disclosure scheme Unaccounted cash/deposits before April 1 can be disclosed under new disclosure scheme

Government on Friday said any unaccounted cash or deposit in a bank account before April 1, 2017 can be disclosed under the new disclosure scheme PMGKY that comes with 50 percent tax and penalty.

Now, you cannot use the old Rs 500 notes anymore, anywhere Now, you cannot use the old Rs 500 notes anymore, anywhere

From Friday, the old Rs 500 note can no longer be used for paying utility bills, school fees and fees in Central or State Government colleges, recharging pre-paid mobiles or anything.

Go digital, win awards: All you need to know Go digital, win awards: All you need to know

The scheme will become operational with the first draw on 25th December.

Govt's big digital push - Daily, weekly and mega awards up to Rs 1 crore announced for online transactions Govt's big digital push - Daily, weekly and mega awards up to Rs 1 crore announced for online transactions

NITI Aayog on Thursday announced the launch of two schemes - 'Lucky Grahak Yojana' and 'Digi-Dhan Vyapari Yojana'.

Demonetisation: Withdrawal restrictions to be relaxed once 80% of new currency is remonetised, says report Demonetisation: Withdrawal restrictions to be relaxed once 80% of new currency is remonetised, says report

Government is planning to relax restrictions on withdrawal limit once 80 percent of the new currency is re-channelised in bank deposits, said top government official.

 

Exemptions on use of old Rs 500 notes to end from midnight today Exemptions on use of old Rs 500 notes to end from midnight today

Exemptions on use of old Rs 500 currency notes will end December 15 midnight. The Centre will not extend the deadline for activities such as paying utility bills, school fees and fees in Central or State Government colleges.

CBDT warns penal action against those "drastically" altering ITR to revise income CBDT warns penal action against those "drastically" altering ITR to revise income

Central Board of Direct Taxes (CBDT) on Wednesday issued strict warning to assessees who are trying to misuse the provision of revising I-T returns. 

Reminder! December 15 is the last date for using old Rs 500 notes Reminder! December 15 is the last date for using old Rs 500 notes

Last date to make use of old Rs 500 notes is December 15. So, if you still have old currency notes of Rs 500 denomination in store, ensure to use them positively by tomorrow.