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Further restrictions on cash transactions in India

Further restrictions on cash transactions in India

March 24, 2017

The Government of India has made it mandatory for every tax payer to quote Unique Identification Number, and has banned cash transaction above INR 200,000 in order to curb black money and reduce cash transactions.

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Indian government relaxes withdrawal norms

Indian government relaxes withdrawal norms

November 18, 2016

As demonetisation of INR 500 and INR 1,000 currency notes in India left the people with insufficient money to trade for daily necessities, the government has announced relaxations for farmers, families celebrating weddings, government employees and agricultural traders.

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