Currency Ban Latest News by Finance Secretary
1. Farmers can withdraw up to Rs 25,000 per week from the payment they receive for agriculture produce in form of cheque or RTGS. 2. Central government employees, up to…
Move to Supreme Court against de-monetization of 500 & 1000 notes
Two petitions have been filed in the Supreme Court of India challenging the decision of the Central government to de-monetize 500 and 1000 notes. Both the petitioners are practising lawyers…
FAQs on withdrawal of old high denomination Bank Notes
FREQUENTLY ASKED QUESTIONS (FAQs) ON WITHDRAWAL OF LEGAL TENDER CHARACTER OF OLD HIGH DENOMINATION BANK NOTES 1. Why is this scheme introduced? The incidence of fake Indian currency notes in…
Rs.500 and 1000 Notes cease to be Legal tender – Way Ahead !!!
Way ahead !!! 1. Persons holding old notes of five hundred or one thousand rupees can deposit these notes in their bank or post office accounts from 10th November till…
Master Direction- NBFC Returns (Reserve Bank) Directions, 2016
RBI/DNBS/2016-17/47 Master Direction DNBS.PPD.02/66.15.001/2016-17 September 29, 2016 NOTIFICATION Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016 In exercise of the powers conferred by sections 45 JA, 45K, 45L…
Cabinet approved merger of Rail Budget with General Budget – Now a Consolidated Budget on February 1 every year
The Union Cabinet has approved the proposal of the merging of Union Finance Budget and Railway Budget. Now a Consolidated Budget shall be presented on February 1 every year instead…