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Govt to amend RBI Act to annul old Rs 500/1000 currency notes

- Alive Correspondent   11-12-2016

NEW DELHI: The government is likely to amend the Reserve Bank of India Act to extinguish the validity of Rs 500 and Rs 1000 printed before November 9 and a reference to this effect would be made in the upcoming Budget. As part of the demonetisation process, there would be a law to

Rs 24 Crore In Fresh Currency Notes Seized By I-T Deptt. From Vellore.

- Sanjib Sharma   10-12-2016

Officials said the fresh seizure of new currency, in Rs 2000 notes, was made by the sleuths from a car in Vellore on the insistence of the accused presently being interrogated in the case. With this amount, the total seizure in the case has now gone upto Rs 166 crore in a

Rs 70 Lakh In New Currency Seized In Raids On Postal Official's Kin

- Sanjib Sharma   10-12-2016

The CBI recovered Rs 70 lakh in new currency near Hyderabad during raids on relatives of a postal official who was earlier arrested for allegedly being involved in fraudulent exchange of new currency notes, police said on Saturday.      The cash, all in new notes of Rs 2,000, was

280 persons died of 'shock' over Jayalalithaa's demise so far: AIADMK

- Sanjib Sharma   10-12-2016

CHENNAI: The ruling AIADMK on Saturday released a list of 203 deceased persons, saying they died of "shock" over the demise of party supremo and former Tamil Nadu Chief Minister J Jayalalithaa on December 5, taking the number of toll in this regard to 280. The party headquarters released the list

SC Asks Govt. On Demonetisation Move,Says Did You Have Plan At All?

- Sanjib Sharma   10-12-2016

The apex court (Supreme Court) on Friday slashed government with its critical and sharp questions about demonetization at the Centre, asking if it had a plan at all or took a decision “just like that” when it scrapped Rs 500 and Rs 1000 notes on November.   

Sasikalaa Warns Family, Asks Them To Stay Away From Govt. & Party

- Sanjib Sharma   10-12-2016

 Late Tamil Nadu Chief Minister J Jayalalithaa’s closest aide Sasikalaa has warned her close relatives that involve her siblings, a host of nephews and nieces to stay away from the government and the party.      On Wednesday, Sasikalaa held a meeting at Poes Garden along

Mumbai Police's Crime Branch seizes new notes worth Rs 85 lakh

- Sanjib Sharma   09-12-2016

Mumbai: New currency notes worth Rs 85 lakh were seized from from Hindu Colony in Dadar by Mumbai respectively on Friday by IT raids in two separate raids.   Two persons were taken into custody for questioning by the Mumbai Police Crime Branch sleuths after the cash recovery in

Demonetisation: Arun Jaitley announces slew of measures to promote digital payments

- Sanjib Sharma   09-12-2016

NEW DELHI: A month after Rs 500 and Rs 1000 notes were demonetised, Union Finance Minister Arun Jaitley today announced a slew of measures to promote the use of digital payments, including a 0.75 percent discount for those who pay for petrol and diesel using digital mode.   In addition, people buying monthly

Panneerselvam and other ministers queue up to meet Sasikalaa

- Sanjib Sharma   09-12-2016

CHENNAI: J Jayalalithaa may be gone. But Poes Garden in Chennai continues to be the centre of gravity of AIADMK as well as the state administration. On Thursday, chief minister O Panneerselvam and other ministers visited Veda Nilayam, Jayalalithaa's residence, to meet Sasikalaa. The CM dropped in at&

70 Percent Think Demonetisation Can Help Curb Corruption: Survey

- Sanjib Sharma   09-12-2016

As many as 70 percent of respondents in a survey conducted last month agree that the Narendra Modi government's demonetisation initiative can help curb corruption in the long term, said multinational professional service Ernst & Young (EY) on Thursday.    The sample size was 650. EY's Fraud Investigation &

PM Modi wishes Sonia Gandhi 'happy Birthday'

- Sanjib Sharma   09-12-2016

New Delhi :Putting political differences aside, Prime Minister Narendra Modi on friday wished Congress president Sonia Gandhi a long and happy live on her 70th Birthday.   "Birthday wishes to Smt. Sonia Gandhi. May Almighty bless her with a long life filled with good health.," tweeted

How PM Modi Kept Demonetisation A Closely Knitted Secret?

- Sanjib Sharma   09-12-2016

In a radical move to abolish 86% of the country’s cash overnight and take aim at the huge shadow economy, Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India’s financial circles.   Hasmukh Adhia, the bureaucrat, and five others privy to the plan were

Parrikar says to Mamata- 'Allegations about army run risk of impacting armed forces' morale'

- Sanjib Sharma   09-12-2016

NEW DELHI: Defence minister Manohar Parrikar rapped West Bengal chief minister Mamata Banerjee for her allegations last week about the army and said such comments can "adversely impact" the morale of the armed forces.   In a letter to Banerjee, he said he's "deeply pained"

Noteban: after December 10 Rs 500 notes won't be accepted by Railways, in buses, at metro stations

- Alive Correspondent   08-12-2016

NEW DELHI: The demonetised Rs 500 notes won't be accepted in buses, at metro stations or by the Railways after December 10.   The government had earlier allowed the use of Rs 500 notes for a number of purposes, including public transport, purchasing railway, metro, and airline tickets (at airports), and railway

77 People Died of Grief Over the Death of Jayalalithaa, Claims AIADMK

- Sanjib Sharma   08-12-2016

Chennai: Ruling AIADMK in Tamil Nadu on Wednesday said a total of 77 people died of grief and shock over its supremo and late Chief Minister J Jayalalithaa's illness and subsequent death, and announced a sum of Rs 3 lakh each to their families as relief.   It also

'Farooq Abdullah remark shows his party fanning trouble in Kashmir'

- Sanjib Sharma   07-12-2016

SRINAGAR: Reacting to former Jammu and Kashmir chief minister Farooq Abdullah's declaration of support to the Hurriyat for `azadi', chief minister Mehbooba Mufti said on Tues day that his comments make it clear that his party members were involved in fanning trouble in Kashmir during the five-month unrest.   &

Mahesh Shah Might Face 3 Years Of Jail For Rs 13,860 Crore Disclosure

- Sanjib Sharma   07-12-2016

Few days back a Surat based property dealer Mahesh Shah sensationally declared Rs 13,860 crore unaccounted income under the Centre's Income Declaration Scheme and now he might he shall be spending his 3 years of life behind bars. According to income tax source, providing false information under IDS is illegal and

Navy Sends Ships To Rescue 800 Tourists From Havelock Island InAndaman

- Sanjib Sharma   07-12-2016

The White House defended the deal of new Air Force One aircrafts with Boeing company, after President-elect Donald Trump called for cancelling the order claiming the new aircraft too expensive in a Twitter post earlier on Tuesday.   "I think the American people would expect that future presidents would

'Cancel Order!' Donald Trump Attacks Plans for Upgraded Air Force One

- Sanjib Sharma   07-12-2016

The White House defended the deal of new Air Force One aircrafts with Boeing company, after President-elect Donald Trump called for cancelling the order claiming the new aircraft too expensive in a Twitter post earlier on Tuesday.   "I think the American people would expect that future presidents would

Ship sinks off Yemen with 60 people aboard

- Sanjib Sharma   07-12-2016

ADEN: A ship carrying almost 60 people off the coast of Yemen is believed to have capsized in high seas, the country’s fisheries minister said Wednesday, with state media reporting that only two people had been rescued.   The boat went missing five days ago while heading from Yemen&


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