Congress holds protest march from Jantar Mantar to the Reserve Bank of India (RBI) office as a part of the Jan Vedna campaign against the government's demonetisation move. Stay with us for updates.
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01:52 PM (IST)
West Bengal: Siliguri Metropolitan Police seized Rs 2.54 lakhs in Rs 2000 notes and arrested five persons yesterday
01:45 PM (IST)
CPI(M) also stages protest outside RBI office in Kolkata where RBI Governor Urjit Patel is present
01:43 PM (IST)
TMC says RBI has miserably failed on demonetisation
Trinamool Congress (TMC) leaders staged a protest on Thursday here at the Gandhi statue in the Parliament complex over demonetisation.
"Reserve Bank of India (RBI) has miserably failed and West Bengal is particularly the worst victim," TMC leader Sudip Bandyopadhyay told ANI.
"RBI Governor Urjit Patel is in Kolkata and I came to know he is not entering through the main entrance of RBI but entering from the back door to avoid media. He must interact with the media, he should talk to the media, he should come out. The role of the RBI in this case could not rise to the occasion and Patel cannot escape from the present situation and responsibility," he added.
01:38 PM (IST)
TMC MLAs, ministers protest outside RBI office in Kolkata where RBI central board meeting is underway
12:50 PM (IST)
Rs 35 lakh in new notes seized from 2 Jaipur businessmen while exchanging old notes
12:38 PM (IST)
On 13.12.3016 Gurugram Police seized Rs 40 lakhs from 2 vans (Rs 24,55,500 in new notes) at Gurugram-Faridabad toll. I-T department informed
11:47 AM (IST)
I-T department raids Axis bank branch in Noida sector 51
Department finds accounts of 20 fake companies with over Rs 60 crore deposited, ANI reports
11:46 AM (IST)
8 locations of Neelkanth Sweets in Lucknow raided by income tax department over tax evasion
10:11 AM (IST)
Assam Police seize Rs 5.8 lakh in new notes in Guwahati from father-son businessman duo
The Directorate General of Income Tax (Karnataka and Goa) seized Rs 2.89 crore in unaccounted cash from a flat here on Wednesday, out of which Rs 2.25cr were in new notes. Tax sleuths were taken aback when an old woman living in the flat let loose her dogs on the raiding team.
As most accounts in these banks are held by farmers, Nabard (National Bank for Agriculture and Rural Development), the apex bank for all these institutions, has now begun scrutiny of the accounts to check for any cases of "suspicious deposits" or financial mismanagement.
"Exemptions for use of old Rs 500 notes will end on 15 Dec midnight," economic affairs secretary Shaktikanta Das tweeted. "There will be no extension," Das told TOI and said people can deposit the old 500 and 1,000 rupee notes at bank branches.
08:54 PM (IST)
Pune police seizes Rs 67 lakh from a car in Kalewadi. Of the seized currency, Rs 62 lakh was in new currency notes of Rs 2,000.
07:27 PM (IST)
Rs 10 crore in unaccounted money unearthed during Income Tax searches on Bank of Maharashtra's Pune branch, reports TOI's Pradeep Thakur.
06:59 PM (IST)
Delhi: Unaccounted cash worth Rs 64,84,000 seized from real estate agent Sukhbir Shokeen, out of which Rs 11,34,000 is in Rs 2000 notes.
Jewellery worth Rs 1,06,57,235 also recovered during joint action of Income Tax Dept & Inter State Crime Cell, Delhi Police. Enquiry underway, reports ANI.
06:46 PM (IST)
Odisha CM Naveen Patnaik writes a letter to the PM on the problems faced by cooperative banks and PACs due to demonetisation, reports TOI's Sujit Bisoyi.
06:15 PM (IST)
Surat Railway Protection Force catch one Pakistani national with Rs 50,000 worth fake currency from railway station . Man came from Delhi by flight and was on his way to Mumbai by train.
04:36 PM (IST)
We understand what the PM was trying to do in cracking down on corruption, we also understand it had a hardship on people
US Ambassador to India, Richard Verma on demonetisation
02:54 PM (IST)
Four held with Rs 26 lakh in new 500 and 2,000 notes in Assam's Golaghat
12:27 PM (IST)
We have seized more than 170 kg of gold and more than 70 crore cash (both old and new notes) after demonetisation: CISF DG OP Singh
11:54 AM (IST)
Provision to file revised return of income has not been stipulated for resorting to make changes in income initially declared: CBDT
11:49 AM (IST)
Police arrest four people in Wakad for possession of Rs 67 lakh in cash
11:17 AM (IST)
ED seizes Rs 2.18 crore in Chandigarh - new currency worth Rs 17.74 lakhs and Rs 100 notes worth Rs 52 lakh: ANI
09:50 AM (IST)
Two major seizures in Panaji, Bengaluru
The income-tax department has seized Rs 68 lakh in new currency notes in Panaji and Rs 2.25 crore in new currency notes in Bengaluru
Former finance minister P Chidambaram said on Tuesday that instances of 2000-rupee notes being seized in huge quantities from hoarders was a big scam. He asked whether the notes were being "directly pilfered from the secured printing presses".
Chemists across the country have witnessed a jump in sales of medicines for chronic disease conditions like diabetes, blood pressure besides dermatology products and over-the-counter drugs after the announcement of demonetisation of Rs 1000 and Rs 500 notes on November 8.
Ruckus ensued at Bank of Baroda’s (BoB) Biharipur branch in Bareilly city here on Tuesday where customers were agitated over cash withdrawal limits set as low as Rs 2,000 against Rs 24,000 per week allowed by the RBI.
08:48 AM (IST)
Rs 3.25 crore in old notes seized from Delhi's Karol Bagh hotel
Rs 3.25 crore in old notes seized from a hotel in Delhi's Karol Bagh by IT Dept & Crime Branch in a joint operation, enquiry underway. pic.twitter.com/IscWBPv0ky
While police are probing a Bihar farmer's complaint that he received a counterfeit Rs 2,000 note from an ATM, the bank said it was more likely that the farmer had been conned by someone who switched notes.
The amount of demonetized currency that has been deposited in banks has crossed Rs 12.44 lakh crore on December 10, according to data released by Reserve Bank of India on Tuesday.
The term 'entry operator' is used by investigating agencies to refer to individuals and hawala dealers who create shell companies, open bank accounts in fictitious addresses, deposit huge unaccounted income in cash in these accounts and layer it with circular transactions in multiple accounts before the money is finally transferred to beneficiaries.
Post-demonetisation, the focus is on greater collaboration between the tax department and other investigating agencies to ensure that those caught with big amounts of unaccounted income are simultaneously probed for corruption and criminal activities including money laundering.
08:31 AM (IST)
Set affairs in order, govt tells Axis Bank
The government has asked Axis Bank to “set its house in order“ after a series of irregularities linked to the exchange of old notes were detected at the country's third-biggest private lender. Axis Bank, however, denied receiving any message.
08:33 PM (IST)
Railways announces 5 per cent discount on cashless services such as e-catering and e-booking of retiring rooms.
07:41 PM (IST)
Axis banks renders inactive bank accounts of more than 50 bullion traders in Manek Chowk area of Ahmedabad.
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