India

New Delhi, Dec 22: Tata Steel today said its independent director Nusli Wadia has been removed from the company's board, with 90.8 per cent of shareholders present at yesterday's EGM voting in favour of his ouster. In a regulatory filing, the company said out of its total shares of 97.12 crore, 62.54 crore votes were polled, which translate into 64.4 per cent. "Total vote in favour of the

Mehsana/new Delhi, Dec 22: More than a month after Delhi Chief Minister Arvind Kejriwal alleged in the Delhi Assembly that Narendra Modi, as Gujarat Chief Minister, received money from the Sahara and Birla groups, and a week after the Supreme Court said it didn’t see “even the smallest material” to substantiate the charge, Congress vice president Rahul Gandhi repeated the allegation Wednesday

Mumbai, Dec 21: The per value transcations of debit and credit cards at points of sale (PoS) terminals has declined post-demonetisation, suggesting the country has a long way to move from cash-based economy to a complete digital one, says a report. The debit and credit cards transactions at PoSes were worth Rs 352.4 billion in value terms in November and Rs 181.3 billion till December 13, compared

New Delhi, Dec 21: Congress vice-president Rahul Gandhi Wednesday alleged that Sahara paid Rs 40 crore to Narendra Modi before he became prime minister. He claimed that when Modi was the chief minister of Gujarat, he received multiple payments spread across 2013-14 from the company. Rahul claimed that when the Income-Tax department raided Sahara’s premises in 2014, they recovered documents showing

Mumbai, Dec 21: Under all-round attack, the Reserve Bank today did a U-turn on customers depositing demonetised notes over Rs 5,000 till December 30 by making it clear that there will be no questions asked either in case of one-time or repeat deposits if the accounts are KYC-compliant. Such customers will also not be questioned by bank officials on why they had failed to deposit the old notes

Chennai, Dec 21: The Income Tax department today conducted searches at over a dozen locations in connection with its tax evasion probe against the son and few other relatives of Tamil Nadu Chief Secretary P Rama Mohana Rao. The searches that began as early as 6:00 AM are on at various places in the state and neighbouring state of Andhra Pradesh. "A total of 13 premises are being searched," a

New Delhi, Dec 20: Finance Minister Arun Jaitley today said the government's decision to tweak the presumptive income norms would reduce the tax liability by up to 30 per cent for those small traders opting for digital transactions. He said in the Budget for 2016-17, small traders and businessmen, with turnover of up to Rs 2 crore who did not maintain proper accounts, were presumed to have earned

New Delhi, Dec 20: The Reserve Bank was fully prepared to deal with currency shortages post demonetisation and has enough currency in its chests to last "far beyond" December 30, Finance Minister Arun Jaitley said today. "There was full preparedness. There was not a single day when RBI had not released adequate currency to banks. There was a certain level of currency that was to be released and

Chandigarh, Dec 20: Punjab's ruling BJP and Akali Dal combine have scored a landslide win in municipal elections in capital Chandigarh, just ahead of crucial state assembly polls. The allies have won 21 of the 26 seats, while the Congress settled for just four; one seat went to an independent candidate. Claiming the win was a signal that people approve of notes ban, BJP chief Amit Shah said:

New Delhi, Dec 20: After tightening rules for depositing old 500 and 1000-rupee notes, Finance Minister Arun Jaitley said on Monday evening that no questions will be asked if any amount of scrapped currency is deposited in one go but repeated deposits may raise queries. With nearly Rs. 13 lakh crore out of the Rs. 15.4 lakh crore worth of 500 and 1000-rupee old notes already deposited in banks