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Four years jail, fine for keeping old notes worth over Rs 10,000

Union Cabinet Wednesday approved ordinance related to demonetisation of old 500 and 1000 rupee notes. After 31st March 2017, possession of the demonetised notes beyond a specified amount to attract a monetary fine. Currency notes across the world carry their Central Banks’ promise to pay the bearer the amount of the value of the note... Read More

December 27, 2016

Govt cancells foreign funding permissions of 20,000 NGOs

Government has canceled the licenses of around 20,000 NGOs for violating the Foreign Contribution Regulation Act (FCRA) provisions. This means that these NGOs will be barred from receiving foreign funds. Now there are only 13,000 NGOs in the country are legally valid to receive foreign funds. The cancellation of the FCRA licenses of the NGOs... Read More

November 8, 2016

Govt discontinues Rs. 500, Rs. 1000 notes from midnight

In a surprising development, Prime Minister Narendra Modi has announced discontinuation Rs. 500 and Rs. 1000 notes from tonight. Read More

November 4, 2016

GST council fails to break deadlock on dual control

An important meeting of GST council comprising the centre and the states on Friday has failed on to agree on the crucial issue of ' ual control' to divide the administrative, auditing and assessing powers between the centre and state governments. Read More

November 3, 2016

GST council adopts 4 tier tax slab; lowest 5%, highest 28%

There will be two standard rates of 12 and 18%. Finance Minister said that the preparation for GRT roll out is as per schedule. Read More

October 31, 2016

Bhopal Jail Break: 8 SIMI members shot dead by MP police

Eight SIMI terrorists, who had escaped from Bhopal central jail last night, have been killed in a police encounter in Acharpur area near Bhopal on Monday. Read More

October 28, 2016

Jaish chief Masood Azhar is a terrorist: General Musharraf

Musharraf, however, did not give a clear reply as to why Pakistan has not been asking China to get Azhar declared as an international terrorist by the United Nations Read More

October 25, 2016

Pakistan: Terrorists kill over 60 cadets at police academy in Quetta

The attack was carried out by Al-Alimi faction of the Lashkar-i-Jhangvi (LJ) militant group and according to police attackers were in touch with their handlers in Afghanistan. Read More