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Trai recommends limited free data for rural subscribers

December 19

TRAI suggests cost of implementation of the scheme may be met from Universal Service Obligation Fund.

Cabinet nod to Major Port Trust Authorities Bill

December 14  | 

Ministry of Shipping proposed amending the Major Port Trusts Act of 1963 to empower major ports and grant greater autonomy.

IT Dept will not seek source of bank deposits: Adhia

November 28

The tax department will not ask for the source of funds deposited in banks from November 10, Revenue Secretary Hasmukh Adhia said.

Unaccounted deposits to attract 50% tax, 4 yr lock-in period

November 25

A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30.

Note Ban: RBI ups e-wallet spend limit, Govt pumps cash to rural India

November 23  | 

RBI has relaxed rules for e-wallets by enhancing the limit from Rs 10,000 to Rs 20,000.

Government plans to double airports in 2-3 years

November 20

Union government plans to double the number of airports in the country over the next two to three years, MoS for Civil Aviation, Jayant Sinha has said.

Govt may do away with cash exchange gradually

November 18

After limiting exchange of defunct currency notes to a maximum of Rs 2,000, the government may withdraw the facility gradually.

Govt mulls jail term, hefty fines for “unregulated” deposit takers

November 18

In the wake of chit fund scams, government proposed a redrafted legislation on banning unregulated deposit schemes.

Indelible ink to check syndicates, Jan Dhan accounts under scanner

November 15  | 

A task force has been constituted to monitor circulation of fake currency notes.

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