Cash deposited during demonetisation was explained as coming from income surrendered and accepted in an earlier survey. The Tribunal held that disbelief about holding cash cannot replace evidence and ...

One year later, a cross section of the economy is still smarting from the sharp blows of that exercise: the GDP is severely hit, the manufacturing sector significantly affected and small and medium ...

The Revenue treated entire cash deposits as unexplained under section 69A. The Tribunal held that in an unorganised business, deposits can be treated as turnover with estimated ...

The crisis sparked by the shortage of cash in India following Prime Minister Narendra Modi’s anti-graft measure to ban high-value currency bills has hit the movement of goods in Asia’s third-largest ...

Aiming to ease public trouble after demonetisation, public sector petrol companies have decided to dispense cash at petrol pumps from POS machines. The Public sector oil companies Hindustan Petroleum, ...

Over the last five years the UK has seen a dramatic increase in contactless payments, with £2.9 billion spent last year, up 184% from 2015. Sweden is expected to become cashless by 2020 and South ...

Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public. The value of the currency ...

On June 1, 2019, the Central Bank of Kenya (CBK) set out to replace 83 percent of cash in circulation, with the primary goal of fumigating dirty cash from the economy. The exercise, which ended on ...

NEW DELHI: As the Supreme Court validates the government’s decision to demonetize Rs 500 and Rs 1,000 notes in 2016, the Reserve Bank of India (RBI) data shows currency in circulation has almost ...