CAclubindia News
Jan Dhan account to be monitored closely
16 November 2016 at 10:40The Prime Minister Shri Narendra Modi reviewed the position for the second consecutive day yesterday regarding the smooth supply and availability of currency notes; Among major decisions taken during the Meeting include to continue to give highest im
ICAI Clarification on Sting Operation carried out by Aaj Tak News Channel
15 November 2016 at 18:30The Institute of Chartered Accountants of India (ICAI) welcomes the historic decision of Government of India to fight against Corruption, Black Money, Terrorism and counterfeit Currency. This is a giant leap towards creating a clean and corruption-fr
Decisions taken to further activate the dispensing of cash
15 November 2016 at 11:33The Prime Minister Shri Narendra Modi reviewed the position regarding the supply and availability of currency notes yesterday late evening and took certain decisions to further activate the dispensing of cash through the networks of Banking Correspon
Withdrawal limit increased from ATM to Rs 2500 and banks to Rs 24000
14 November 2016 at 11:16RBI/2016-17/129DCM (Plg) No.1272/10.27.00/2016-17November 13, 2016The Chairman / Managing Director/Chief Executive Officer,Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign BanksRegional Rural Banks / Urban Co-operative Banks
Sufficient cash is available with banks
14 November 2016 at 10:37Availability of cash with Bank branches and Post Offices Ministry of Finance has reviewed and taken stock of the cash availability and issuance to members of public today. Reserve Bank of India (RBI), Indian Banks Association (IBA) and a few major ba
Govt monitoring closely receipt of fake currency
14 November 2016 at 10:37Government agencies are closely monitoring receipt of fake currency notes in Banks and Post Office; Special watch is being kept receipt of fake notes in the States bordering our neighbouring countries. One of the primary objectives of cancellation of
3 lac crore has been deposited in banking system
14 November 2016 at 10:37Finance Ministry reviews the position regarding availability and distribution of all denomination of bank notes in different parts and regions of the country; Issuance of the new series of Rs. 500/- notes commenced; Instructions issued to the Banks a
Govt extends existing exemption with regard to demonetisation
12 November 2016 at 11:26Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of 14th November, 2016, with certain modifi
SIT chairman says govt has taken a bold step in demonetising notes
12 November 2016 at 11:26The Chairman and Vice-Chairman, SIT on Black Money & Former Judges of the Supreme Court of India, Justice MB Shah and Justice Arijit Pasayat in a jointly written letter to the Union Finance Minister, Shri Arun Jaitley: The Government has taken a
Exemption withdrawn to service providers located in foreign territory on OIDAR
12 November 2016 at 11:26To provide a level playing field to Indian service providers, the exemption given to service providers located in foreign territory but providing taxable online information and database access or retrieval [OIDAR] services including electronic servic
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