Page-2 of Indian banknote demonetisation Current Affairs, GK & News
In a major move to deal with extra liquidity created in the system due to the demonetisation drive, the Central government as per the directions of the Reserve Bank of India raised the ceiling on Market Stabilization Scheme from Rs. 30,000 Crores to Rs. 6 Lakh Crores. The Banks saw a huge surge in deposits ..
Category: Government Schemes Current Affairs
The Union Cabinet has approved a proposal to levy close to 60% deduction on unaccounted deposits in banks above a threshold by amending the Income Tax (I-T) Act. The move was taken amid banks reporting over Rs 21,000 crore being deposited in zero-balance Jan Dhan accounts post demonetisation, which the government doubts to be the laundered black ..
Topics: Bank • Banking • Banking in India • Deposit account • Economy • Financial services • Income tax in India • Indian banknote demonetisation • JAM Yojana • Ministry of Finance • Money • Pradhan Mantri Jan Dhan Yojana
United Opposition consisting of major political parties like Congress, Trinamool Congress, and the BSP have given a call for nationwide Bharat Bandh to escalate their protest over the demonetisation drive of the union government. They said they will observe November 28 as ‘Aakrosh Divas’. The opposition parties have been disrupting the proceedings in both Houses ..
The union government has categorically said that it has no intention to demonetise Rs 100 and Rs 50 notes to dispel rumours which are making rounds in various platforms like social media. It has issued a series of tweets to dispel the myths. Key announcements It has no intention to demonetise Rs 100 and Rs ..