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.
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.
Reserve Bank Governor Urjit Patel will brief the Parliamentary Committee on Finance about the demonetisation process and its impact on Monday.
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.
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.
The government also unveiled an e-mail address to allow people to send information about tax evaders.
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
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.
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.
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.
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.
This move by the government comes even as it levies stiff penalties on unaccounted cash in banks following the demonetisation move.
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.
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.
The scheme will become operational with the first draw on 25th December.
NITI Aayog on Thursday announced the launch of two schemes - 'Lucky Grahak Yojana' and 'Digi-Dhan Vyapari Yojana'.
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 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.
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.
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.