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Demonetised notes News

25 May 2018

Rs 4.93 crore in demonetised notes seized from swanky 5-star Mumbai hotel

The three accused allegedly travelled from Hyderabad and may have been tasked with handing over the bag to someone in Mumbai.

18 Mar 2018

RBI reveals how it is disposing off demonetised Rs 500 and 1,000 notes

The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion.

Rs 97 crore demonetised notes

18 Jan 2018

After Rs 97 lakh seizure, Rs 50 lakh in demonetised notes recovered from Aligarh hotel

The seizure was made during a raid on Wednesday following a tip-off. Five people who were trying to strike a deal with another person to exchange the banned Rs 500 and Rs 1,000 notes were nabbed on the spot.

17 Jan 2018

Rs 97 cr demonetised currency seizure: 16 held, more old notes likely to be found

The Uttar Pradesh government said prima facie no terror link had been established

08 Nov 2017

A year on, demonetised notes find way into temples

Unable to dump their old currency notes, devotees are dropping the demonetised notes in donation boxes at Jagannath Temple in Puri and Lingaraja Temple in Bhubaneswar. The deadline for exchange of demonetised notes expired on December 30 last year.

Demonetised notes

16 Oct 2017

Demonetised notes are being counted using 66 machines, says RBI

It said seven CVPS machines were in the process of being leased, while seven others available with commercial banks were also being used.

29 Aug 2017

No proposal to reintroduce Rs 1,000 note: Govt

The statement comes amid reports that the Reserve Bank of India (RBI) and the Centre have finalised plans to launch a new series of Rs 1,000 notes to replace the demonetised notes in November last year.

Direct Tax Collections

09 Aug 2017

Direct tax collection up 19% in April-July at Rs 1.90 lakh crore

Collections of direct taxes, which are made up of personal and corporate taxes, soared to Rs 1.90 lakh crore in April-July, an official statement said here.

Demonetised notes

17 Jul 2017

Supreme Court refuses any direction on plea to exchange demonetised notes

The Prime Minister, in a televised address to the nation on November eight last year had declared that high denomination notes of Rs 500 and Rs 1000 would no longer be legal tender.

18 May 2017

Rs 1 crore in demonetised notes seized in Thane; 3 arrested

Police have seized nearly Rs 1 crore in demonetised currency notes from three persons, who were later arrested.

05 May 2017

Five arrested in Indore with banned old currency worth Rs 70 lakh

Five persons have been arrested here with demonetised currency worth Rs 70.50 lakh, police said today.

Demonetised notes

09 Apr 2017

People sending demonetised notes abroad by courier: Customs

The customs department has unearthed a new modus operandi of sending demonetised Rs 500 and Rs 1,000 notes abroad by courier in a bid to get them converted here later.

31 Mar 2017

Old notes of Rs 92.30 lakh face value seized in Hyderabad; two held

Two persons were arrested here on Friday for allegedly trying to exchange over Rs 92.30 lakh in demonetised banknotes with new bills, police said.

22 Dec 2016

Now, use old Rs 500 and Rs 1000 notes for paying tax and penalty under new income disclosure scheme

The payments under the new black money disclosure scheme Pradhan Mantri Garib KalyanYojana (PMGKY), can be made till December 30, 2016.

Business News 2016

16 Dec 2016

Demonetisation: SC refuses to extend use of demonetised Rs 500 and Rs 1,000 notes

The Supreme Court on Thursday refused to extend the use of demonetised Rs 500 and Rs 1,000 notes in government utility centres like hospitals, railway tickets etc.

15 Dec 2016

Demonetisation: Axis Bank Noida branch raided by IT dept; Rs 35 lakh new notes recovered in Rajasthan

Keeping up with the schedule of the last many days, Income Tax Department officials once again on Thursday conducted raids across different parts of the country seizing sizable amount of unaccounted cash.

Demonetised notes

11 Nov 2016

Demonetised notes' usage period should be extended: Gujarat HC

A division bench of the high court desisted from issuing any direction stating that the matter was already being heard in the Supreme Court.

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