ECONOMY
RBI announces new Rs 50 currency note
18.08.17 - TEAM PT

The Reserve Bank of India (RBI) will now issue new bank notes of Rs 50 denomination.  The new notes are being made under the Mahatma Gandhi series.

They will also have the motif of 'Hampi with Chariot'.

The new fluorescent notes will bear the signature of RBI ...
  


Govt. blocks Internet Archive in India, makes it harder to catch liars on the web
No one knows why?
09.08.17 - team pt

The Indian government has blocked access to the internet archiving website known as the Wayback Machine, according to media reports and people attempting to access archived sites in India.

The Wayback Machine is run by a non-profit called the Internet Archive. It trawls through the internet ...
  


Cong. claims RBI printed different types of Rs 500 notes, calls it biggest scam of the century
Govt rejects it as 'frivolous'
08.08.17 - team pt

The Congress on Tuesday alleged that two different kinds of Rs 500 and Rs 2,000 notes were printed post demonetisation, "jeopardising the credibility" of Indian currency, and demanded that Prime Minister Narendra Modi clear the air on the issue.

The opposition party, which disrupted proceedings in ...
  


Mukesh Ambani launches ‘Jio Phone’ for Rs. 0
21.07.17 - TEAM PT

Reliance has today unveiled the latest JioPhone feature phone for the Indian consumers.  It will be available for pre-booking from August 15 for Rs ZERO. However, one has to pay Rs 1,500 has a security deposit, which will be 100 percent refundable after three years. ...
  


Sainath takes up a zero TRP subject, again, and manages to shock
20.07.17 - PT EXCLUSIVE*

New Delhi: Even as discussions or debates about poverty are considered non-TRP subjects, and research papers and newspaper articles on the issue are now out-of-fashion, P Sainath remains valiant in his efforts to keep the issue in the headlines. This week, the intrepid scholar-journalist was ...
  


India lost 1.5 million jobs in the aftermath of demonetisation
20.07.17 - TEAM PT

The Modi government’s demonetisation decision may have resulted in the loss of roughly 1.5 million jobs, according to new survey data put out by the Centre for Monitoring Indian Economy (CMIE).

CMIE’s data is based on the result of consecutive waves of household surveys performed from ...
  


Chennai man arrested for receiving
19.07.17 - TEAM PT

It's not just sending a message that may land you in trouble nowadays. Even receiving a message on WhatsApp makes you vulnerable. Tadikala Akabar Saleem was last week arrested and charged with sedition at the Chennai airport where he had gone to pick up a ...
  


Adanis win, as Paranjoy Guha Thakurta resigns from EPW
18.07.17 - PT Media Critic

Within days of the Adani Group slapping a defamation notice on the Economic and Political Weekly, its editor Paranjoy Guha Thakurta, one of India's most respected journalists, resigned from his position today.

He had assumed the editorship just a year and a half back. His predecessor ...
  


Will it jolt the government into action?
Sea of farmers converges at Jantar Mantar, yards away from Parliament
18.07.17 - PT BUREAU

NEW DELHI: As mammoth waves of farmers came converging upon Jantar Mantar, the heart of India's power city of Delhi, merely a few hundred yards of Parliament, one political message was loud and clear: the Narendra Modi government can ignore the issue of farmers' plight ...
  


Look who is defending Modi regime on RBI head fiasco
17.07.17 - PT BUREAU

WAS NARENDRA MODI government unfair to Raghuram Rajan, the much celebrated RBI chief who was let go by the government? The sledgehammer decision of demonetisation came within days of Rajan's exit and the Modi government did precious little to counter the impression that he was ...
  


Mastermind of group who pumped Rs 50 crore fake coins into India, arrested
07.07.17 - team pt

The mastermind of a fake coin syndicate has been arrested with around 8,500 counterfeit coins in denominations of Rs 5 and Rs 10. Upkar Luthra, arrested by the Special Cell from Kundli in Haryana on Tuesday , was operating out of Nepal.
 
Police said that the ...
  


Punjab Cabinet approves New Draft Transport Policy; Decides to crack down on Badal-controlled transport mafia
05.07.17 - team pt

PUNJAB cabinet on Wednesday okayed the much-awaited new Transport Policy, while also abolishing the system of DTOs and restructuring the Transport Department, in order to streamline the issuance of permits and licences across commercial and private transport vehicles.
 
The cabinet decided that the state government will ...
  


In this Indian town, ‘Billionaires’ work as labourers and peons in factories
each and every employee, including laborers are multi-millionaires
05.07.17 - team pt

Can you believe that even factory workers can be millionaires? And not one, two or even ten, but most of them! Literally!

Yes. There is a factory which has each and every employee, including laborers, peons and watchmen who are multi-millionaires.
 
Factories in motown Sanand are faced ...
  


Registration of 1 lakh Cos cancelled, 37,000 shell firms identified, says PM at CA Event
01.07.17 -

Government is committed to more tough actions against firms helping in hiding black money, announced Prime Minister Narendra Modi today. 
 
PM Modi called chartered accountants a "big pillar" of the Indian economy and urged them to bring technological innovations to meet global standards.
 
Addressing Chartered Accountants ...
  


Developers Need Not Worry; News Highly Misleading and Mischievous: Sidhu
30.06.17 - team pt

WHILE REACTING TO The Tribune news story, ‘Punjab to resume ‘surplus’ land with developers’ filed by Ruchika M Khanna, regarding resumption of surplus land from the developers, Financial Commissioner (Revenue) KBS Sidhu today clarified about misgivings arising out of the circular published by the State ...
  


GST: Indian businessmen worried – may prove Demonetisaton 2.0
29.06.17 -

Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust.

Jain is one of millions of small business owners ...
  


Notification soon, No need to repay loans whose debts waived off, Capt assures farmers
29.06.17 - team pt

PUNJAB CHIEF Minister Captain Amarinder Singh on Thursday announced that the farmers whose loans had been waived off stood immediately exempt from repayment of their debts.
 
Addressing a meeting of various farmers’ organisations here, the Chief Minister said that the notification in this regard will be ...
  


Aadhaar-PAN linking must for income tax return filing from 1 July, Govt notifies rules
27.06.17 - TEAM PT

THE GOVERNMENT has made it mandatory for taxpayers to link existing Aadhaar numbers with PAN cards with effect from July 1.

Amending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at ...
  


Don’t Trust Locker; RBI says Banks not liable for loss of contents
26.06.17 - team pt

If you thought that bank lockers are the safest place for your valuables, then think again. Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability.

This ...
  


INDEBTEDNESS SURVEY REVEALS TICKING-BOMB SITUATION
16.06.17 -

Punjab's rural sector deep in debt trap; 1/3rd of marginal farmers under BPL; 86% farmers, 80% labourers in debt 

A Special Report by PT Agriculture Correspondent

CHANDIGARH: About 86% of Punjab's farming families and slightly more than 80% of the state's agriculture labour families are under debt, ...
  



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