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For Banned Notes over Rs. 10,000, New Rules Propose Fine of 50,000 or More

The government is planning an ordinance or executive order to bring a new law under which possessing, transferring or receiving an amount of over Rs. 10,000 in banned notes will be a punishable offence. The maximum number of banned notes, of any denomination, that a person will be allowed to have is …

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Actress Tamannah posts an angry tweet against her film director!

  South Indian actress Tamannaah Bhatia whose recent film, ‘Kaththi Sandai’ failed to set the cash register rolling has shared her disgust over the disparaging remarks of the film’s director Suraaj. In his latest interview, the director without batting an eye, commented that he wants his heroines to wear skimpy …

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Restrictions on cash withdrawal most likely to continue even after December 30!

With the 50 day deadline for cash ban nearing its completion, there is a consensus among bankers that the limit on cash withdrawal would continue even in the New Year for maintaining orderly working of the bank. These restrictions on withdrawal may continue as currency printing presses and RBI were …

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PM Modi Announces ‘Lucky Grahak Yojana’ And ‘Digi Dhan Vyapar Yojana’ To Encourage Cashless Economy

Addressing the nation in the 27th edition of his ‘Mann ki Baat’ programme, Prime Minister Modi spoke about the two schemes being launched on Sunday to encourage digital transactions — ‘Lucky Grahak Yojana’ and ‘Digi Dhan Vyapar Yojana’. He said said 15,000 people who use digital payment modes will be …

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Digitalization: Fig leaf for failed Demonetization

Another hard hitting Facebook post by Mohan Guruswamy where he is weighing in the result of the Demonetisation move based on the time limit of 50 days to bear with the inconvenience as was given by Prime Minister Narender Modi. He has put up some logical points which describe what …

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Sadhus, Sanyasis Can Now Mention Names of Gurus Instead Of Parents In Passport

Sadhus and Sanyasis can now mention names of their spiritual gurus instead of biological parents under new passport rules announced in Delhi today which also eliminate the mandatory requirement of the birth certificate as the proof of date of birth (DOB). The rules, announced by Minister of State for External …

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President Upset As Ordinance Comes To Him for Record 5th Time

President Pranab Mukherjee, signing the same ordinance or executive order for a record fifth time in a row, has made his displeasure clear. Sources say Mr Mukherjee has faulted the government for failing to convert the ordinance into law. The ordinance amends the Enemy Property Act, a 48-year-old law to …

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IIT’s financially suffering for providing fee waivers to students!

India’s prestigious college of engineering, the Indian Institute of Technology has asked the government to rethink over its ruling to provide financial assistance and fee waive off to students who are coming from economically weak backgrounds. The institution has explained that they are facing financial crunch. As reported by the …

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India’s Future Main Battle Tank Will Come Without Life-Saving ‘Active Protection System’

India’s future main battle tank, the T-90MS ‘Tagil’, which will be license manufactured in Avadi in Chennai, will not be equipped with new-generation active protection systems that destroy incoming missiles and shells before they can hit the tank.  For decades, tanks have depended on their armor to protect their crew …

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