Ten Banks Have Slashed Savings Bank Account Interest Rates
Business | NDTV Profit Team | Monday August 21, 2017
Dena Bank is the latest to reduce interest rate on savings bank account for balance up to Rs 25 lakh to 3.5% per annum from the existing rate of 4% per annum.
'Unusual Deposits' Of Rs 1.7 Lakh Crore During Demonetisation: RBI Paper
Business | Press Trust of India | Friday August 11, 2017
Prime Minister Narendra Modi on November 8 had announced demonetisation of Rs 1,000 and Rs 500 notes valued at Rs 15.4 lakh crore
To Flush Out Black Money, Automatic Info-sharing With Swiss from 2019
India News | Press Trust of India | Friday June 16, 2017
Switzerland today ratified automatic exchange of financial account information with India and 40 other jurisdictions to check black money deposits. The Swiss Federal Council in a statement said the protocol will be implemented in 2018, and the first set of data will be exchanged in 2019.
RBI Will Weigh If Banks Can Retain Deposits Made After Notes Ban
Anirban Nag, Bloomberg | Thursday April 6, 2017
Excess funds are limiting the central bank's ability to intervene in the foreign-exchange market to rein in the rupee's rally.
Cobbler Gets Income Tax Notice For 'Rs 10 Lakh Bank Deposit' During Notes ban
Press Trust of India | Tuesday April 4, 2017
Mansukh Makwana (55), who mends shoes for a living on M G Road in Junagadh received the notice on Saturday, asking to divulge the source of a Rs 10 lakh deposit in his account during the notes ban.
Note Ban Negative For Jobs, Small Enterprises, Rural Demand: Assocham
Indo-Asian News Service | Sunday January 22, 2017
On the sectoral impact of demonetisation, the survey said agriculture, cement, fertilizers, automobile, textiles, real estate and retail will have negative impact.
On Notes Ban, Modi Pulls Way Ahead Of The Opposition
Opinion | Mihir Swarup Sharma | Monday January 9, 2017
Two months into Narendra Modi's demonetisation, the Opposition looks like it is still flailing for a response - at least in the short term. Speaking at the giant rally in Lucknow that revitalised his party's campaign, the Prime Minister wasn't shy about repeating the virtues of note-bandi, as he saw them: it was, he said a transfer from the corrupt...
School Fees Unpaid After Notes Ban, Hyderabad Boy Commits Suicide
Hyderabad News | Written by Uma Sudhir | Friday January 6, 2017
A 16-year-old boy in Hyderabad hanged himself on Wednesday after allegedly being harassed by his school as his fees were not paid on time.
Won't Interfere, Says Arun Jaitley After Complaints Of RBI Refusing Old Notes
India News | Edited by Shuchi Shukla | Thursday January 5, 2017
Clarifying the government's stand on the December 30 deadline for the deposit of banned 500 and 1000-rupee notes, Finance Minister Arun Jaitley said Prime Minister Narendra Modi had specifically said that the central bank RBI will fix "terms and conditions" for the same.
Cash Withdrawal Limits To Be Removed After Assessment By RBI: Arun Jaitley
Press Trust of India | Wednesday January 4, 2017
"RBI will decide by assessing market situation. Many a time, actions are taken in phases, so relaxations are also done in phases," Mr Jaitley said
RBI Extends Period Of Enhanced Prepaid Payment Instruments Limit
Press Trust of India | Friday December 30, 2016
The decision comes on the day when the enhanced limit from Rs 10,000 to Rs 20,000 came to an end. At present, 47 non-bank entities and 45 banks are operating payment systems for PPI.
Ordinance To Nullify Government and RBI Liability On Demonetised Notes
Press Trust of India | Tuesday December 27, 2016
In 1978, a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.
Watal Panel Suggests Incentives, Regulator For Digital Payment
Press Trust of India | Tuesday December 27, 2016
Watal, panel also suggested putting a special emphasis on digital payments for recurring low value transactions and reduce custom duties on payments acceptance equipment.
Top 5 Happenings In The Indian Automotive Industry In 2016
Ameya Naik | Monday December 26, 2016
It's been quite an eventful year for the automotive industry in India. When asked how 2016 has been for the industry at the recent CarandBike Awards 2017 ceremony, the reactions of each and every one was unanimous when they said, "It was a mixed bag". Here are the top 5 events that made headlines and kept us occupied as well.
Digital Payments: Government To Announce Awards From Today
India News | Press Trust of India | Sunday December 25, 2016
Asserting that promoting digital payment is an integral part of the government's overall strategy to weed out black money and corruption, the NITI Aayog on Saturday said the government will launch awards under the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana in 100 cities from today which will be spread over 100 days.
Ten Banks Have Slashed Savings Bank Account Interest Rates
Business | NDTV Profit Team | Monday August 21, 2017
Dena Bank is the latest to reduce interest rate on savings bank account for balance up to Rs 25 lakh to 3.5% per annum from the existing rate of 4% per annum.
'Unusual Deposits' Of Rs 1.7 Lakh Crore During Demonetisation: RBI Paper
Business | Press Trust of India | Friday August 11, 2017
Prime Minister Narendra Modi on November 8 had announced demonetisation of Rs 1,000 and Rs 500 notes valued at Rs 15.4 lakh crore
To Flush Out Black Money, Automatic Info-sharing With Swiss from 2019
India News | Press Trust of India | Friday June 16, 2017
Switzerland today ratified automatic exchange of financial account information with India and 40 other jurisdictions to check black money deposits. The Swiss Federal Council in a statement said the protocol will be implemented in 2018, and the first set of data will be exchanged in 2019.
RBI Will Weigh If Banks Can Retain Deposits Made After Notes Ban
Anirban Nag, Bloomberg | Thursday April 6, 2017
Excess funds are limiting the central bank's ability to intervene in the foreign-exchange market to rein in the rupee's rally.
Cobbler Gets Income Tax Notice For 'Rs 10 Lakh Bank Deposit' During Notes ban
Press Trust of India | Tuesday April 4, 2017
Mansukh Makwana (55), who mends shoes for a living on M G Road in Junagadh received the notice on Saturday, asking to divulge the source of a Rs 10 lakh deposit in his account during the notes ban.
Note Ban Negative For Jobs, Small Enterprises, Rural Demand: Assocham
Indo-Asian News Service | Sunday January 22, 2017
On the sectoral impact of demonetisation, the survey said agriculture, cement, fertilizers, automobile, textiles, real estate and retail will have negative impact.
On Notes Ban, Modi Pulls Way Ahead Of The Opposition
Opinion | Mihir Swarup Sharma | Monday January 9, 2017
Two months into Narendra Modi's demonetisation, the Opposition looks like it is still flailing for a response - at least in the short term. Speaking at the giant rally in Lucknow that revitalised his party's campaign, the Prime Minister wasn't shy about repeating the virtues of note-bandi, as he saw them: it was, he said a transfer from the corrupt...
School Fees Unpaid After Notes Ban, Hyderabad Boy Commits Suicide
Hyderabad News | Written by Uma Sudhir | Friday January 6, 2017
A 16-year-old boy in Hyderabad hanged himself on Wednesday after allegedly being harassed by his school as his fees were not paid on time.
Won't Interfere, Says Arun Jaitley After Complaints Of RBI Refusing Old Notes
India News | Edited by Shuchi Shukla | Thursday January 5, 2017
Clarifying the government's stand on the December 30 deadline for the deposit of banned 500 and 1000-rupee notes, Finance Minister Arun Jaitley said Prime Minister Narendra Modi had specifically said that the central bank RBI will fix "terms and conditions" for the same.
Cash Withdrawal Limits To Be Removed After Assessment By RBI: Arun Jaitley
Press Trust of India | Wednesday January 4, 2017
"RBI will decide by assessing market situation. Many a time, actions are taken in phases, so relaxations are also done in phases," Mr Jaitley said
RBI Extends Period Of Enhanced Prepaid Payment Instruments Limit
Press Trust of India | Friday December 30, 2016
The decision comes on the day when the enhanced limit from Rs 10,000 to Rs 20,000 came to an end. At present, 47 non-bank entities and 45 banks are operating payment systems for PPI.
Ordinance To Nullify Government and RBI Liability On Demonetised Notes
Press Trust of India | Tuesday December 27, 2016
In 1978, a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.
Watal Panel Suggests Incentives, Regulator For Digital Payment
Press Trust of India | Tuesday December 27, 2016
Watal, panel also suggested putting a special emphasis on digital payments for recurring low value transactions and reduce custom duties on payments acceptance equipment.
Top 5 Happenings In The Indian Automotive Industry In 2016
Ameya Naik | Monday December 26, 2016
It's been quite an eventful year for the automotive industry in India. When asked how 2016 has been for the industry at the recent CarandBike Awards 2017 ceremony, the reactions of each and every one was unanimous when they said, "It was a mixed bag". Here are the top 5 events that made headlines and kept us occupied as well.
Digital Payments: Government To Announce Awards From Today
India News | Press Trust of India | Sunday December 25, 2016
Asserting that promoting digital payment is an integral part of the government's overall strategy to weed out black money and corruption, the NITI Aayog on Saturday said the government will launch awards under the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana in 100 cities from today which will be spread over 100 days.
Congress Leader Performs 'Puja' At ATM To Protest Demonetiation Move
Hyderabad News | Indo-Asian News Service | Tuesday November 22, 2016
A Congress leader on Tuesday performed a 'puja at an ATM in a novel protest over the problems faced by people in the wake of demonetisation of high value currency notes.
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