Demonetisation bank notes
Demonetisation 'biggest scam of 2016': Chidambaram
Sun, Feb 12, 2017
"I am sorry to make the prediction that 2016-17 will end with growth (rate) between 6 and 6.5 per cent, a good one per cent down from the earlier estimate and that means a hit of Rs 1.5 lakh crore on GDP. The GDP this year is Rs 150 lakh crore, so one per cent hit is Rs 1.5 lakh crore," Chidambaram said at a function here today.
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Can Modi's Budget 2017 pave the road to double farm income?
Mon, Jan 30, 2017
With good monsoons and 7th Pay Commission bounty, analysts expect rural India to do well. However, Prime Minister Narendra Modi's demonetisation programme that started on November 9, 2016 has put a spanner in his works.
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49% want taxes reduced to minimise demonetisation impact: Survey
Thu, Jan 26, 2017
The survey also said that 89% of the citizens want the government expenditure on healthcare should increase to bring it at par with international standards, with 40% saying that the investment should be used for improving infrastructure at existing government hospitals.
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Moody's downgrade Lodha Developers rating to B2
Thu, Jan 26, 2017
Saranga Ranasinghe a Moody's Assitant Vice President and analysts said, “The downgrades reflects our expectation that the operating environment for the Indian real estate sector will continue to remain weak post the demonetisation exercise that tool place in November 2016. Weak operating conditions will continue to pressure LDPL's sales performance over the next 12-18 months.”
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Recovery on after initial demonetisation impact: Tata Motors
Thu, Jan 26, 2017
"It was huge in both businesses (passenger and commercial vehicles) but not only on us but had huge impact on industry as well," Tata Motors Chief Executive Officer and Managing Director Guenter Butschek told PTI when asked about the impact of demonetisation.
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PNB Housing Q3 Net up 53% at Rs 138 crore; to raise Rs 6,000 crore
Tue, Jan 24, 2017
"We witnessed double-digit growth in our profitability during the nine-month period for the fiscal year 2016-17 as compared to the same period of the previous year. In line with our expansion plans, we added 11 new branches which will support us in the next phase of growth. We continue to focus on expansion in tier II and III cities," said Sanjaya Gupta, Managing Director, PNB Housing Finance.
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ICRA expects borrowers to switch from base rate to MCLR
Tue, Jan 17, 2017
In view of the increased differential of 100 basis points (bps) between base rate and the Marginal Cost of Funds based Lending Rate, the credit rating agency said, it "expects a number of borrowers to switch from base rate to MCLR".
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RBI hikes ATM cash withdrawal limit to Rs 10,000 per day
Mon, Jan 16, 2017
People can now withdraw from ATMs up to Rs 10,000 per day from their earlier limit of just Rs 4500 per day. While limit on withdrawal from current accounts have been enhanced to Rs 1,00,000 per week from Rs 50,000 per week. This also extends to overdraft and cash credit accounts too.
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Government fully respects independence and autonomy of RBI: Finance Ministry
Sat, Jan 14, 2017
It said in a release, "There has been a report in sections of the Press that some unions have alleged infringement of the autonomy of the Reserve Bank of India. It is categorically stated that the Government fully respects the independence and autonomy of the Reserve Bank of India."
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Gandhi will gradually be removed from currency notes
Sat, Jan 14, 2017
The whole controversy started with Modi`s picture spinning the charkha donning the cover page of the Khadi Village Industries Commission (KVIC) calendar and diary, instead of the iconic picture of Gandhi weaving khadi on a simple charkha, wearing his trademark loin cloth.
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Shut down SBI branches till cash flow improves, says trade union
Thu, Jan 12, 2017
"We have suggested to the SBI management to down the branch shutters till the supply of cash gets normalised. It is better to close down the branches for some time than the staff face the ire of the public for no fault of theirs," D. Thomas Franco Rajendra Dev, Senior Vice President of the All India Bank Officers Confederation (AIBOC), told IANS.
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Demonetisation: Short term pain may outweigh Indian economy's long term gains
Wed, Jan 11, 2017
Dan Martin, Senior Analysts of Fitch Ratings said, “The impact on the economy will increase the longer the disruption continues, but Fitch has already revised India's GDP growth forecast for FY17 to 6.9% from 7.4%.”
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