400-1000% increase in digital transactions after demonetisation, says government!

 Transactions on e-wallets have increased from 17 lakh per day to 63 lakh per day and value of transactions has increased from Rs 52 crore to Rs 191 crore
    Volume of transactions using Rupay card has increased from 3.85 lakh per day to 16 lakh per day and value from Rs 39.17 crore to Rs 236 crore



 Digital transactions+ have surged in the range of 400-1,000 per cent since November 8 when government announced discontinuation of old Rs 500/1000 notes+ , Law and IT Minister Ravi Shankar Prasad said on Thursday.

"Digital payments have increased in the range of 400 to 1,000 per cent since November 8. This figure does not include transactions done through Master and Visa cards," Prasad said while inauguration a new TV channel and a website to educate people about digital payments.

The minister launched free-to-air channel DigiShala which will be available on Doordarshan's DTH platform and 'CashlessIndia' website to educate people about digital transactions.

"The Doorsdarshan platform is being used by over 2 crore people specially in rural India. Indian learn technology with passion and increased digital transactions reflect this. From this, it can be understood how fast digital transactions will grow if we educate people," Prasad said.

He said that transactions on e-wallets have increased from 17 lakh per day to 63 lakh per day and value of transactions has increased from Rs 52 crore to Rs 191 crore.

The minister said that volume of transactions using Rupay card has increased from 3.85 lakh per day to 16 lakh per day and value from Rs 39.17 crore to Rs 236 crore, UPI transactions volume up from 3721 per day to 48,000 per day and value Rs 1.93 crore to Rs 15 crore.

"With digital transactions money will come into system, it will be accountable, generate tax and develop country's economy. When money will come in to bank then government will be able to come up with better welfare schemes," he said.

He said that Congress vice-president Rahul Gandhi was asking how much black money is involved in terror funding, the reply was about Rs 400 crore.

"The issue is not that Rs 400 crore is involved in terror funding. If a terrorist uses just Rs 5 crore for an attack in place like Mumbai then the damage will be of over Rs 1000 crore," Prasad said.



share this

Minister of State for Law and IT PP Choudhary said that digital payments are important for making society free from corruption and control flow of black money.

    23,000* you need to fly to Australia!Tourism Australia




share this

shriya bhopal , akkineni Akhil engaged ,akkineni nagarjuna amala naga chaithanya samantha etc

share this




Hyderabad: The leading actor of Nagarjuna, Amala son Akhil has been engaged in the exposition Shriya Bhopal, Hyderabad on Friday.  


Shriya GVK, the granddaughter of a prominent businessman in Bhopal, Akhil premincukuntunnaru gatakontakalanga. Their love, however, the families agreed to marry them also had announced. The engagement ceremony in Hyderabad few close between the two, 

 Akhil Akkineni GVK Chairman GVK Reddy Engagement grand daughter Shriya was angaranga Bhopal. GVK House on Friday night, at the close of the ceremony was attended only by the two families. 

 Among the filmmakers, politicians, businesspeople are. The He-Shriya marriage to be held in Rome. Watch the video of the highlights of this program is still only be.

share this

Jayalalithaa's 10,500 saris, 750 slippers stored in civil court room!

Of the seized assets, 10,500 saris, 750 pairs of slippers and 500 wine glasses are in a room on the first floor of the city civil court. As the assets have to be guarded round the clock, four policemen are on duty in shifts. The income tax department handed the assets to the government in 2002 when the case was transferred from Tamil Nadu to Karnataka.

Armed reserve force police said they don't know what's in the room. The assets, kept in the treasury, includes 21.28kg of gold jewellery worth Rs 3.5 crore, 1,250kg of silver articles worth Rs 3.12 crore, diamonds worth Rs 2 crore and a silver sword "We can decide on them only after the SC gives its judgment," said Ponnanna.

After politician subramanian swamy filed a complaint in 1996, the case was transferred to Karnataka on jayalalitha's request as she feared she would not get a fair trial in TN under the DMK rule. A special court convicted her along with other accused and she was imprisoned in September 2014. The Karnataka high court overturned the trial court order in May 2015. The Karnataka government appealed to the supreme court
and the judgment is now pending.



share this

Income tax raids continue on premises of three Chennai businessmen!!

1. I-T department has seized Rs 106 crore in old and new currencies
2. The investigation wing has also seized 127kg of gold bars
3. Of the Rs 106 crore, Rs 96 crore is in demonetised tenders and the rest are in new currency notes

 CHENNAI: Income tax officials continued raids  on the premises of three Chennai-based  for the second day on Friday. So far the income tax investigation wing has seized Rs 106 crore in old and new currencies and 127kg of gold bars.
businessmen
Of the total seizure, Rs 96 crore was in old demonetised currencies and Rs 10 crore mostly in the newly introduced Rs 2,000 denomination currency.

The raided premises belong to industrialist Shekhar Reddy , his associate Srinivasa Reddy and their agents, including a person called Prem Kumar.


 "More than 100 officials from our wing are involved in the raids and it is continuing in nine places in Chennai and  vellore . The amount seized is the maximum seizure so far, and we may be able to seize more cash," a senior I-T official told ..

share this

During the raids on Thursday, two rooms were not opened. "Reddy said two rooms could be opened as he did not have the keys. But we broke open the rooms and found cash and gold in those rooms too," the official said.

Sekhar Reddy owned up the cash and gold seized. "He says the entire money and gold belongs to him. But we need to check his accounts and only then we will be able to know whether it belongs to him or not," the official said.

Over Rs 100 crore found in 44 suspect accounts in raids on Delhi's Axis Bank branch!

1. Over Rs 100 crore has been found in 44 suspect bank accounts in Delhi's Chandni Chowk branch of Axis Bank
2. The accounts which had the money did not follow the mandatory KYC norms

 NEW DELHI: Income Tax officials have found over Rs 100 crore in 44 bank accounts in the Chandni Chowk branch of Axis Bank here, according to news agency ANI.


share this

The accounts which had the money did not follow the mandatory KYC norms.

Bank officials are being questioned in connection with these accounts.


Earlier this week, the Enforcement Directorate had arrested two Axis Bank managers+ and seized 3 kg gold bars in connection with its money laundering probe in a racket of illegally converting old notes in connivance with banking authorities.

The two managers, working at Axis bank's Kashmere Gate branch here, were arrested under the provisions of PMLA. 

On Thursday, a man acquainted with accounting practices was sent to seven days in Enforcement Directorate (ED) custody by a Delhi court in connection with the case.



share this