Press Information Bureau Government of India Ministry of Finance 11-December-2016 16:56 IST The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers… Read More »
The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers about the same; Action taken in this regard be reported by 16.12.2016.… Read More »
New Law Relating to Benami Properties with Benami Properties Law and Taxation of Demonetised 500/- and 1000/- Notes (December 2016 Edition) What is Benami Transaction?**** What is ‘Benami Property’? Who is benamidar and who is ‘beneficial owner’?****Legal consequences of Benami Transactions,**** Income Declaration Scheme, 2016 (IDS) & New Benami Law,****Pradhan Mantri Garib Kalyan Yojana (PMGKY)… Read More »
Text of PMs Speech at a function to commemorate Constitution Day, at Parliament House Annexe, 26 Nov 2016 आदरणीय सुमित्रा जी एवं उपस्थित सभी वरिष्ठ महानुभाव 26 नवंबर संविधान दिवस के रूप में मनाना 2015 से प्रारंभ किया| कल्पना ये है कि हमारी नई पीढ़ी इस सविंधान के साथ उसकी प्रक्रिया के साथ उसके उद्देश्यों… Read More »
Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 25, 2016) (Updated as on November 25, 2016) (Updated as on November 23, 2016) (Updated as on November 22, 2016) (Updated as on November 21, 2016) (Updated as on November 18, 2016)… Read More »
Q Guests came to attend my marriage and had given the shagun in old currency notes of Rs 500 / Rs 1000. Can I deposit the notes in Bank account. If marriage shagun is given on or before November 8, 2016 (in notes of Rs. 500/1,000), then it can be deposited in bank up till December 30,… Read More »
Govt of India has banned Old Rs 500 and Rs 1000 Bank Notes w.e.f 09.11.2016 except for certain exempt payments. read Permissible payments with old bank note Date Extended till 15 Dec 2016 with new items added What are the consequences if I accept banned currency after 8th November? Any contract in lieu of an illegal… Read More »
Demonetization : Info graphics Demonetization : Steps to improve Cash Availability Demonetization : Decisions of Indian Govt on 17.11.2016 Demonetization : Myths Busted Source Press Information Bureau of India
Small Saving Schemes not allowed to deposit Old currency notes of Rs 500-1000 Ministry of finance has conveyed vide F.No. 1/04/2016-NS, dated: 22.11.2016 that subscribers of small scheme may not be allowed to deposit old demonetised currency notes of Rs. 500 and Rs. 1000, in Small Saving Schemes. Small Saving Schemes include Post Office Savings… Read More »
PM invites views from the people, on decision taken regarding currency notes of Rs. 500 and Rs. 1000 The Prime Minister, Shri Narendra Modi, has invited views from the people, on the recent decision taken by the Union Government regarding currency notes of Rs. 500 and Rs. 1000. People can submit their views through a… Read More »