Post his pre budget meeting with banks and financial institutions, Jaitley announced tax relief for all e-transactions and expressed his satisfaction on the rise in digital payment post the note ban initiative launched by the government on November 8.
(4/4) Old notes usable until Dec 15. Why can't we deposit remaining notes until Dec 30 as notified?— P. Chidambaram (@PChidambaram_IN) December 20, 2016
(3/4) Hoarders have laundered their old notes. The poor and middle class left high and dry— P. Chidambaram (@PChidambaram_IN) December 20, 2016
(2/4) RBI makes new rule on deposit, FM contradicts. Who should citizen believe? Neither has credibility— P. Chidambaram (@PChidambaram_IN) December 20, 2016
(1/4) Desperate govt resorting to desperate measures. Breaking PM's promise of Nov 8 and FM's assurance of Nov 11— P. Chidambaram (@PChidambaram_IN) December 20, 2016
New Delhi: Weeks before he presents India's first combined general and railway budget, Finance Minister Arun Jaitley on Tuesday made a strong case for outsourcing of non-core functions like hospitality services of Indian Railways and pressed for a transparent accounting system.
Pakistan's Senate on Monday passed a resolution seeking withdrawal of high denomination Rs 5,000 currency notes
Finance Minister Arun Jaitley said all exemptions to certain sectors and utilities, which had been allowed to accept the banned currency post demonetisation, ended last week and all those in possession of the old notes are supposed to deposit them with banks.
File image of Finance Minister Arun Jaitley with Chief Economic Adviser, Arvind Subramanian. (Image: PTI)
"E-transactions and Aadhar based transactions have increased by almost 300 percent," Jaitley said.
Meanwhile, Banks and ATMs continue to witness serpentine queues since Prime Minister Narendra Modi implemented the demonetisation scheme on November 8.
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13 Mar, 2020 | Chappell-Hadlee Trophy AUS vs NZ 258/750.0 overs 187/1041.0 oversAustralia beat New Zealand by 71 runs
11 Mar, 2020 | Zimbabwe in Bangladesh 2 T20I Series ZIM vs BAN 119/720.0 overs 120/115.5 oversBangladesh beat Zimbabwe by 9 wickets
10 Mar, 2020 | Afghanistan and Ireland in India IRE vs AFG 142/820.0 overs 142/720.0 oversIreland tied with Afghanistan (Ireland win Super Over by 1 wicket)
09 Mar, 2020 | Zimbabwe in Bangladesh 2 T20I Series BAN vs ZIM 200/320.0 overs 152/1019.0 oversBangladesh beat Zimbabwe by 48 runs
08 Mar, 2020 | Afghanistan and Ireland in India AFG vs IRE 184/420.0 overs 163/620.0 oversAfghanistan beat Ireland by 21 runs