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No records among fake currency deposited banks: RBI

RBI notifies closure of old notes’ deposits in banks

New Delhi: Asking the banks to report collections of demonetised Rs 500 and Rs 1,000 currency notes on December 30 itself, the Reserve Bank of India (RBI) on Friday notified the closure of the deposit and exchange of the old notes. “With the closure of the facility of exchange of specified bank notes, all banks

Government notifies GST Council, in effect from Monday

New Delhi: Following presidential assent last week to the GST Bill, the Union Finance Ministry on Monday notified the provisions of the Constitution Amendment Act that allows for setting up the Goods and Services Tax (GST) Council. “The Central Government hereby appoints the 12th day of September, 2016 as the date on which the provisions

Govt notifies revised pay grades for employees

New Delhi: Government has notified revised pay grades for the implementation of the 7th Pay Commission recommendations, giving nearly 10 lakh government employees 2.57 times hike in basic pay. The minimum pay in central government with effect from January 1, 2016 will now be Rs 18,000 per month; at the highest level, it will be

Punjab Government notifies financial powers of CEO of Ludhiana Smart City Ltd.

Ludhiana: The state government has notified the financial powers of the chief executive officer (CEO) of the Ludhiana Smart City Limited. The CEO will be authorised to spend funds coming under Smart City Mission for Ludhiana up to a permissible limit. The Chief Finance Officer and Chief Executive Officer would be the joint signatories but

Death for hijackers; Centre notifies new anti-hijacking law

New Delhi: Hijacking of an aircraft will attract capital punishment in the event of death of “any person”, as per the new anti-hijacking law notified by the Centre. In other cases of hijacking, guilty will be punished with imprisonment for life and fine, besides confiscation of movable and immovable property held by him or her.