News for '-specified-bank-notes-cessation-of-liabilities-ordinance'

SC pulls up Centre: Why stop people from depositing banned notes after Dec 31

SC pulls up Centre: Why stop people from depositing banned notes after Dec 31

Rediff.com21 Mar 2017

The apex court said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.

NRIs need to show old notes to Customs at airports

NRIs need to show old notes to Customs at airports

Rediff.com2 Jan 2017

Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get a declaration form stamped.

SC: People with genuine reasons should be allowed to deposit old notes

SC: People with genuine reasons should be allowed to deposit old notes

Rediff.com4 Jul 2017

"There can be a situation where a person has lost his/her money for no fault," SC said.

No jail, but minimum Rs 10,000 fine for holding old notes

No jail, but minimum Rs 10,000 fine for holding old notes

Rediff.com29 Dec 2016

The 50-day window for depositing the old notes in bank accounts and post offices expires on Friday.

Soon, 4-yr jail, penalty for holding more than 10 old notes

Soon, 4-yr jail, penalty for holding more than 10 old notes

Rediff.com28 Dec 2016

The cabinet also approved ordinance to amend the RBI Act to extinguish the liability on the old notes.

Note-ban gains may just be Rs 72,800 crore, says Motilal Oswal

Note-ban gains may just be Rs 72,800 crore, says Motilal Oswal

Rediff.com25 Jan 2017

While the central bank had publicly cited only Rs 15.55 trillion of high value notes were cancelled, in an RTI reply to PTI, it had said the actual quantum of bills cancelled was much higher at Rs 20.51 trillion.

Not for giving another chance to exchange old notes: Centre to SC

Not for giving another chance to exchange old notes: Centre to SC

Rediff.com17 Jul 2017

Centre says the very object of demonetisation and elimination of black money will be defeated if a fresh window is given.