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CURRENCY ORDINANCE
India eyes major bond index entry as tax exemptions sweeten appealIndia is set to reapply for inclusion in major global bond indices. This follows significant tax exemptions for foreign investors on capita...
FPIs get tax relief on gilts, ease of InvestmentIn a strategic step to lure foreign investment, India has eliminated taxes on capital gains and interest for overseas investors in its gove...
Sensex recovers 700 points from day’s low, Nifty rises above 23,450. 5 key factors behind market reboundIndian stock markets staged a strong comeback, with Sensex and Nifty recovering significantly from morning lows. Falling oil prices, a stre...
Central banks look through inflation until entrenched, no evidence of second-round effects: Dy Gov Poonam GuptaThe Reserve Bank of India is navigating global economic hurdles and geopolitical tensions. Deputy Governor Poonam Gupta explains the centra...
SC to Modi govt: Why not give March 31 extension to all to deposit old notesUnder the December 30 ordinance, only those who missed the December 30 deadline because they were travelling abroad could deposit old notes...
SC seeks reply of Centre, RBI on exchanging demonetised notesIt also asked the counsel to serve the copy of the petition to the Centre and the RBI during the day to ensure effective hearing on March 1...
PIL in Bombay High Court challenges government ordinance on demonetisation"The apex bank should be asked to clarify whether it was working under some pressure or is being overpowered by any politician," the PIL fu...
President Pranab Mukherjee clears currency ban ordinance; Here's who can deposit old notesThe Ordinance is a follow-up to the decision taken by the government to cancel the legal tender character of the existing series of banknot...
No jail term for holding demonetised notes; minimum fine to be Rs 10,000Earlier, the Cabinet approved the promulgation of an ordinance extinguishing the Reserve Bank of India's liability for cancelled Rs 500 and...
Modi government okays ordinance, makes it illegal to hold old notes post March 31The ordinance also seeks to make possession of more than ten notes of Rs 500 or Rs 1000 a penal offence.
Government took backdoor as it is afraid of facing Parliament: CPMCPI(M) general secretary Sitaram Yechury, trashed the demand by some opposition parties led by Congress and TMC that PM Narendra Modi resig...
You may be able to exchange, deposit old notes only till Dec 30: RBI window may not be usable for bulk amountsGoing by information currently available, the window to deposit old old notes in bulk in your account or to use them under the PMGKY ends D...
Cabinet may consider ordinance on old notesSources in the govt said the ordinance is being brought as it was found to be necessary to prevent future litigations against the govt for ...
Govt planning ordinance to impose penalty for holding junked notesGovt is mulling an ordinance to impose penalties on anyone possessing the junked Rs 500 and Rs 1000 notes beyond December 30.
Demonetisation: Government may take ordinance route to cancel unreturned currencyThe ongoing winter session of Parliament — disrupted by protests as it has been — ends December 16 and the budget session will start only l...
Government of India can print Rupee 1 note: Law MinistryThe printing of notes in the denominations of Re 1 and Rs 2 has been discontinued as these denominations have been coinised.
'Emerging mkts need to co-ordinate to tackle currency issue'Emerging economies need to adopt a co-ordinated action plan to quell speculation in overseas currency markets which is also fuelling the vo...