Virtual currencies prone to misuse, cautions RBI


Flagging possible “black money” risks from virtual currencies like Bitcoin, the RBI has told a parliamentary panel that they are “susceptible to misuse” by terrorists and fraudsters for laundering money. The Reserve Bank further said it has not given any licence and authorisation to any entity or company to operate such schemes More...

by newsuttarakhand | Published 1 month ago
By newsuttarakhand On Wednesday, August 30th, 2017

99% of junked Rs 500/1000 notes returned to banks: RBI

As much as 99 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, RBI said today, prompting opposition to question the efficacy of the government’s unprecedented note ban More...

By newsuttarakhand On Monday, August 21st, 2017

Banks stare at union strike on Tuesday, services may be hit

Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike against the government’s proposed consolidation move besides raising a host of More...

By newsuttarakhand On Saturday, August 19th, 2017

Last Date for Payment of GST and Filing of Return For July 2017 Extended By 5 Days

The GST Implementation Committee, consisting of State and Central Government officers, has taken a decision to extend the last date for payment of the GST for the month of July 2017 to 25th August, 2017. Earlier More...

By newsuttarakhand On Friday, August 18th, 2017

Trai to slap upto Rs 10 lakh fine on Telecos for call drop

Telecom operators may face a maximum penalty of Rs 10 lakh for call drops which will now be measured at mobile tower level instead of telecom circle, as per the new quality of service rules issued by regulator TRAI More...

By newsuttarakhand On Thursday, August 17th, 2017

Gold tops Rs 30,000 on demand push, silver above Rs 40k

A strong global trend and intensifying local demand turned out to be a potent mix for gold prices that surged Rs 300 to Rs 30,050 per 10 grams today. Silver surpassed the Rs 40,000 level again with a sharp jump More...

By newsuttarakhand On Monday, August 7th, 2017

Over a million PAN cards deactivated

Recently, Minister of State for Finance Santosh Kumar Gangwar in a written reply informed the Rajya Sabha that as on July 27, 11,44,211 PANs have been identified and deleted or de-activated in cases where multiple More...

By newsuttarakhand On Wednesday, August 2nd, 2017

RBI cuts key rate by 0.25%; to lower home, auto EMIs

The Reserve Bank today slashed benchmark lending rate by 0.25 per cent to 6 per cent citing reduction in upside risk to inflation, a move that will lower EMIs for home, auto and personal loans. This is the first More...

By newsuttarakhand On Monday, July 31st, 2017

ZED Scheme for MSMEs

The Government has launched a new scheme namely “Financial Support to MSMEs in ZED Certification Scheme”. The objective of the scheme for promotion of Zero Defect and Zero Effect (ZED) manufacturing amongst More...

By newsuttarakhand On Sunday, July 30th, 2017

No plans to extend July 31st deadline for filing returns: I-T department

The last date for filing of income tax returns+ (ITRs) for the financial year 2016-17 will not be extended beyond Monday’s deadline, a top official said on Sunday. “The last date for filing of ITRs remains More...