Currency Trap: IT Dept moves in on cooperative banks

With bank withdrawals restricted, the Income Tax Department seems to be taking the opportunity to move in on a long-time target of tax evasion investigators — co-operative banks. Several co-operative banks in Kerala have got Income Tax Department notices seeking details of deposits. It is not known if banks in other states have also got similar notices. […]

Youtuber blows whistle on paid gadget news and reviews in India

Youtuber Gaurav Chaudhary, who goes by the name of Technical Guruji, has set off a minor storm in the gadget reviewer circles by accusing many of his peers of passing on paid reviews for the real thing. Chaudhary dons the mantle of the whistleblower and warns his fellow reviewers and Youtubers not to cheat their audience […]

NHAI suspends toll collection on all National Highways till Nov 11

The National Highway Authority of India has suspended collection of tolls on all national highways in the country. “It has been decided to suspend Toll across all National Highways till midnight of 11th November to facilitate smooth traffic movement,” Road Transport minister Nitin Gadkari said. The clarification comes in the wake of troubles faced by motorists […]

Chidambaram says Congress didn’t demonetize because it was costly

Former finance minister P Chidambaram said the previous Congress governments had also considered attacking black money by swapping currency notes, but decided against it as it was considered too costly. Talking to mediapersons, Chidambaram said the cost of swapping the notes would be between Rs 15,000-20,000 cr and the benefit should at least be equal […]

Apprehensions on Trump to prove wrong: ASSOCHAM

Industry body ASSOCHAM today expressed confidence that apprehensions linked to President Elect Donald Trump of United States “would certainly prove wrong” in the coming days. The industry association said Trump’s sober, very fair sounding and statesman like demeanor promising a fair deal with the rest of the world should indicate an opportunity to take India’s […]

RBI’s OFFICIAL GUIDE on how to exchange currency notes of 500, 1000

The Reserve Bank of India has released the following question and answers to alleviate citizens’ doubts about the new ban on 500 and 1000 rupee notes.We are reproducing the entire FAQ below for readers’ convenience. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the […]

Nike starts online sales in India

US sports goods manufacturer Nike has started online retail operations in India via its portal Nike.com. India-based users can now order from the global portal and have it home delivered. Earlier, only certain markets such as Australia, Hong Kong and Indonesia were being served by the online division of the company, arguably the world’s biggest […]

EXCLUSIVE: Reliance Jio resolves interconnect dispute with Bharti Airtel, Idea & Vodafone

The interconnection dispute between Reliance Jio and incumbent operators like Idea Cellular, Vodafone and Bharti Airtel has been “largely resolved,” an official with one of the incumbent operators said. “We have provided enough points to avoid any congestion-related problems in the foreseeable future,” said an official with one of the three incumbents. According to the […]

US Federal Reserve likely to raise interest rate in December: Angel Broking

Angel Broking said it believes that the US Federal Reserve is likely to raise policy interest rates starting from December this year. The broking house was responding to the latest move by the US central bank to keep rates steady at its last policy decision before next week’s US Presidential election. “The Federal Reserve has […]

Finally, Kerala CM takes a stand on Lawyers vs Media fight

Almost three months after the tussle between various lawyers associations and journalists first hit the headlines, Kerala Chief Minister Pinarayi Vijayan today took a stand on the issue, urging lawyers to let the media do their job. “The lawyers should realize that they do wrong in blocking journalists from accessing the court premises,” Vijayan said […]