With the last date for payment of tax instalment under IDS drawing close, the Income Tax Department today warned declarants that non-payment of first instalment by November 30 will make declarations invalid.
After calling for special relief measures for poor hit by demonetisation, industrialist Ratan Tata on Saturday termed the move as one of the three most important economic reforms that will help fight black money.
Labour Ministry will launch a campaign in association with Department of Financial services to open bank accounts of workers, who do not have one till date, in the organised as well as unorganised sector on Saturday.
Public can continue to withdraw up to Rs 24,000 per week from their bank accounts, including withdrawals from ATM, the Reserve Bank said today.
The new Rs 2000 is loaded with 17 security features. Check them out for yourself.
Following the demonetisaion of the old Rs 500 notes and the launch of the new one, the Reserve Bank of India has also launched the security features of the same to prevent any counterfeiting.
The government had after the shock demonetisation, given a 50-day window beginning November 10 for either depositing the 500 and 1000 rupee notes in circulation or exchanging them for new currency.
Total deposits in Jan Dhan accounts have increased to Rs 64,252.15 crore, with Uttar Pradesh leading the chart with Rs 10,670.62 crore deposits followed by West Bengal and Rajasthan, the government said Friday.
The 7th Central Pay Commission has in its report recommended withholding annual increments of non-performers in the case of those employees who are not able to meet the benchmark.
The Reserve Bank of India said that it will continue to exchange of old Rs 500 and Rs 1,000 notes only at RBI counters.
Within just 15 days of being into circulation, two variants of the new Rs 500 notes have surfaced.
And while ATMs and banks are sure places to get cash, many other places such as petrol pumps have started dispensing cash at the swipe of debit cards.
After RuPay debit cards, State Bank of India (SBI) waived off merchant discount rate (MDR) on Master and Visa debit cards. This is being done to promote digital transactions.
After petrol pumps, Biz Bazaar and fbb stores, it is now the Vodafone M-Pesa outlets where customers can withdraw cash.
Facing severe attack in the wake of difficulties thrown up by demonetisation, government tonight extended till December 15 the facility of using old Rs 500 notes in public utilities and included more services like mobile recharge but stopped the over-the-counter exchange of defunct currencies and use of Rs 1,000 notes.
In yet another shocker for the public, the central government on Thursday decided to put a total ban on exchange of old Rs 500 and Rs 1000 notes over the counter.
Finance Minister Arun Jaitley on Thursday asked banks to promote digital banking in "mission mode", saying the principal objective of the government's reform is to curtail the use of physical currency.
The Centre is likely to extend use of old Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees as well as purchases from co-operative stores by another 10 days.
The facility is now available at 258 Big Bazaar and FBB stores in over 115 cities and towns across the country.