97% banned notes said to be deposited in banks in blow to Modi’s black money fight Banks have received Rs14.97 trillion ($220 billion) as of 30 December, the deadline for handing in the banned notes, said a person familiar with the matter

New Delhi: Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi’s drive to unearth unaccounted wealth and fight corruption. Banks have received Rs14.97 trillion ($220 billion) as of 30 December, the deadline More...

by Nagpur Today | Published 2 weeks ago
By Nagpur Today On Wednesday, January 4th, 2017

CAs are leaders of change – CA Prafull Chhajed

Nagpur: The entire world has passed stage of fast changing world and it is now going into dynamic volatility due to technology and way of doing business. Chartered Accountant fraternity is also expected to play More...

By Nagpur Today On Wednesday, January 4th, 2017

Undisclosed income holders should take advantage of PMGKY: Gupta

Nagpur: The Income-Tax Department has urged those citizens who have not disclosed income held in cash and deposits should take advantage of the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 and avoid further More...

By Nagpur Today On Wednesday, January 4th, 2017

Team CAIT Ladies Wing felicitates director general (investigation) Pune

Nagpur: Director General of income tax (investigation) Rakesh Kumar Gupta was falicitated by Asha Pandey and her team members of Team CAIT Nagpur Ladies wing during his recent visit to nagpur in connection with More...

rbi
By Nagpur Today On Tuesday, January 3rd, 2017

RBI asks banks to supply 40% of notes to rural areas

New Delhi: To mitigate hardships of poor and marginal farmers due to cash deficit following demonetisation, the Reserve Bank today directed banks to distribute at least 40 per cent of currency notes in rural areas. The More...

By Nagpur Today On Tuesday, January 3rd, 2017

Home, corporate loans to be cheaper

Housing, auto and corporate loans are all set to become cheaper as many PSUs and private banks on Tuesday steeply reduced the benchmark lending rate by up to 1.48 percent after spurt in deposits following demonetisation. Taking More...

demonetisation
By Nagpur Today On Monday, January 2nd, 2017

Cash crunch overburdens banks too as cheques not cleared for days

Representational Pic Nagpur: After notes of denominations of Rs 1000 and Rs 500 notes were declared invalid, there was a mad rush to get the old notes converted into new notes. However notes of the denomination More...

By Nagpur Today On Monday, January 2nd, 2017

Is Reliance Group’s defence project at Mihan SEZ in doldrums?

Nagpur: Yet another “high-end investment drama” at MIHAN has come to the fore. The Reliance Group Chairman Anil Ambani had with great fanfare announced an investment worth Rs 6,500 crore to set up a greenfield More...

wcl
By Nagpur Today On Monday, January 2nd, 2017

WCL pays tributes to victims of ECL disaster

Nagpur: The Western Coalfields Limited (WCL) on Monday paid tributes to those personnel of Eastern Coalfields Ltd (ECL) who died in a mine collapse in Jharkhand recently. At a programme held at WCL Headquarters, More...

By Nagpur Today On Thursday, December 29th, 2016

CAMIT members discuss various contentious issues at Mumbai meet

Nagpur: A meeting of all Maharashtra Executive Council Members of Chamber of Associations of Maharahtra Industry & Trade (CAMIT) was held at Navi Mumbai Merchants Gymkhana, Sector 14, Vashi, Navi Mumbai recently. More...