Archana Khatri Das/Zee Media Bureau
A decision regarding the same might be announced before November 24.
The Employees Provident Fund Organisation (EPFO) is likely to hike the limit for compulsorily maintaining a PF account to Rs 25,000 from the existing Rs 15,000.
The Committee set up to review the Allowances sanctioned to central government employees under 7th Pay Commission is likely to have finalised Allowances for central government employees.
Here are few myths and realities regarding demonetisation that you should know.
In a bid to ease cash crunch, the government has allowed dispensing cash of up to Rs 2,000 through debit card swipe at select petrol pumps from today.
With effect from today individuals can exchange invalid 500 and 1,000 rupee notes totalling Rs 2,000, as against Rs 4,500 earlier, only once till December 30.
With effect from Friday individuals can exchange invalid 500 and 1,000 rupee notes totalling Rs 2,000, as against Rs 4,500 earlier, only once till December 30.
In a major relief for millions queuing up outsides banks and ATMs for cash, petrol pumps across the country will start dispensing a sum of Rs 2,000 cash per person per day.
Retirement fund body EPFO has asked its over 120 field offices to settle death claims within 7 days and retirement PF claims on the day of superannuation.
Quoting of PAN for cash deposits aggregating to Rs 2.5 lakh or more in bank accounts after the withdrawal of old 500 and 1000 rupees notes is mandatory, the tax department said Thursday.
Reserve Bank has asked income tax assessees to pay their dues in advance for December quarter and has designated a total of 29 banks at which the payments can be done.
Finance Minister Arun Jaitley on Thursday ruled out any move by the government to roll back demonetisation and said it was a very well-planned and executed exercise.
Largest private lender ICICI Bank and HDFC Bank cut their deposit rates by up to 0.25 percent while Kolkata-based United Bank of India did it for short-term deposits by 1 percent.
Lauding Prime Minister Narendra Modi's demonetisation decision, Microsoft founder Bill Gates has said it is a "bold move" and will deflate India's shadow economy.
Demonetisation drive by the government is a great step forward towards removing many bottleneck operations including cash-on-delivery in the Indian e-commerce market, said Facebook Managing Director (India) Umang Bedi on Thursday.
The Reserve Bank on Thursday asked people not to hoard currency as there is sufficient supply of notes, even as banks struggled to manage the rush of people thronging branches across the country to exchange the scrapped high denomination 1,000 and 500 rupee notes.
FM Jaitley also took stock of the prevailing situation in the country in the wake of demonetisation of Rs 1000 and Rs 500 notes and found that the situation of over-crowding is slowly normalising.