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PM Modi today addresses a rally in Latur where he slammed Congress on Income Tax raid
The suspended police constable is posted in Dhaneypur.
Finance Minister Arun Jaitley on Wednesday said the government is not considering banning Rs 2,000 notes, and the Reserve Bank will decide on the timing of issuing the new Rs 200 bill.
In view of heightened threat perception, the Reserve Bank of India has initiated an exercise to upgrade measures for secured storage and movement of currency at over 4,000 chests across the country.
The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016.
Holding of more than 10 notes of the junked Rs 500 and Rs 1,000 currency is now illegal, with a new law coming into effect after the President's assent.
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Acting swiftly, the Income Tax department has issued hundreds of notices seeking "source" of funds from individuals and firms who have deposited huge amounts of cash in banks using the scrapped Rs 500 and Rs 1000 currency notes after November 8.
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Lauding Prime Minister Narendra Modi`s commitment to the nation over the decision to scrap 500 and 1,000 rupee currency notes, Yoga Guru Baba Ramdev on Sunday urged the people to maintain patience while stating that nothing is bigger than the country.
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Prices of residential properties will fall and real estate sector will face the negative impact of demonetisation of Rs 500 and Rs 1,000 notes over the next 1-2 years, Fitch Ratings said Thursday.
Hailing the government's move to demonetise Rs 500 and Rs 1,000 currency notes, India Inc today said it will have a debilitating impact on the parallel economy and deal a bodyblow to terror financing.
Finance Minister Arun Jaitley today said deposits of now-defunct old Rs 500 and Rs 1,000 currency notes in bank accounts will not enjoy immunity from tax and law will apply on source of such money.
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