Bulk of Black Money Within India: Jaitley
New Delhi, Oct 4 (IANS) Finance Minister Arun Jaitley has said that bulk of black money was still within the country and called for a change in the attitude of people so that plastic currency…
Finance
Global Poverty Rate to Fall Below 10 Percent: World Bank
Washington, Oct 5 (IANS) The number of people living in extreme poverty around the world is likely to fall to below 10 percent of the global population in 2015, according to a forecast released by…
PAN to be Must for Transacting Cash Beyond Set Limit: Jaitley
New Delhi, Oct 4 (IANS) The government will soon make it mandatory to furnish the tax department-allotted Permanent Account Number (PAN) details for cash transactions beyond a certain threshold, Finance Minister Arun Jaitley said on…
India gets 638 Declarants for $580 Million Black Money
India’s drive against black money to get back ill-gotten wealth stashed away by its citizens abroad has drawn responses from 638 declarants for total assets worth Rs.3,770 crore ($580 million), an official statement said on…
RBI Cuts Repo Rate
Raghuram Rajan surprises everyone by cutting the benchmark repo rate by 50 basis points to a 4-1/2-year low of 6.75 percent. Raghuram Rajan says the big rate cut should not be viewed as Diwali present….