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Rs 500/1000 scrapped on recommendations of RBI: Ravi Shankar Prasad
109 Views, 26-11-2016, Courtsey News Live

: Law and IT minister Ravi Shankar Prasad on Saturday said the decision to scrap Rs 500/1000 notes was taken by the government on the recommendation of the Reserve Bank of India. "It is not demonetisation. It is a wrong expression. Our government has only taken decision upon recommendation of ...Read more

78 passengers of Indore-Patna Express are eligible for insurance: IRCTC
75 Views, 24-11-2016, Courtsey News Live

: Only 78 passengers of the ill-fated Indore-Patna Express are eligible to claim insurance money out of whom five died in the accident, IRCTC said on Thursday. According to it, a total of 209 passengers opted for travel insurance while making booking tickets as of November 19. There were 128 passen...Read more

 Rs 20 crore Naxals’ black money deposited in Chhattisgarh banks
116 Views, 23-11-2016, Courtsey News Live

: "We have issued an instruction that after demonetisation. The Naxals will bring out huge hoarded money buried in the ground for mobilisation in a bid to save it from becoming illegal tender. They are applying a two-way approach to save their money: first, they are returning old money to their...Read more

SC declines to put on hold defamation case against Kejriwal
72 Views, 22-11-2016, Courtsey News Live

: In a setback to Delhi Chief Minister Arvind Kejriwal, the Supreme Court on Tuesday dismissed his petition to put on hold the criminal proceedings against him initiated by Union Finance Minister Arun Jaitley. Earlier reports said Kejriwal in his petition to the apex court had sought that the proce...Read more

 Demonetisation: Cash purge gives welcome boost to Indian banks
150 Views, 21-11-2016, Courtsey News Live

   India\’s demonetisation drive is likely to cause short-term pain for the economy, but banks are expected to benefit from the move in the long run.   Indian banks are enjoying a rush of new liquidity as people line up to deposit 500 rupee and 1,000 rupee notes, which ceased...Read more

Bank account violators will face 7 years jail: IT dept
169 Views, 20-11-2016, Courtsey News Live

: Warning people against depositing their unaccounted old currency in someone else\’s bank account, the tax department has decided to slap charges under the newly enforced Benami Transactions Act against violators that carries a penalty, prosecution and rigorous jail term of a maximum seven ye...Read more

 Zakir Naik proclaiming every Muslim should be a terrorist: MHA
112 Views, 18-11-2016, Courtsey News Live

  The government on Thursday justified the ban imposed on Zakir Naik\’s NGO Islamic Research Foundation (IRF), saying that the controversial Islamic preacher has been proclaiming that every Muslim should be a terrorist.   Zakir Naik has been extolling Osama bin Laden and claiming ...Read more