Sat, May 20, 2023
Rs 2,000 withdrawal from circulation: The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.
Fri, May 19, 2023
BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time.
Mon, Mar 20, 2023
The finance minister says banks make assessment of amount and denominational requirements for ATMs on the basis of past usage
Tue, Jun 06, 2017
Demand for farm loan waiver has increased in many states. It is expected that all states will write- off about $40 billion (Rs 2.6 lakh crore) of farm loans in the run up to 2019 general elections following the ruling BJP's UP and Maharashtra governments' waivers.
1. CBD area of Bengaluru registered 4.7% growth in the office rental space in Q1 of 2017
2. Connaught Place area of New Delhi recorded 4.3% growth in office rental in Q1
Sat, Jun 03, 2017
Spicejet Ltd reported an over 50% drop in its standalone net profit for the quarter ended March 31, 2017 on June 3, 2017.
The company said that its net profit for the given quarter stood at Rs 41.6 crore as against Rs 107.87 crore in the same period of last year.
SpiceJet is set to announce its results for the fourth quarter ended March 31, 2017. Profitability of domestic airlines have suffered the brunt of low fares, high Aviation Turbine Fuel and demonetisation.
Fri, Jun 02, 2017
A state-run Chinese daily said today that India has suffered a setback and a "nasty surprise" in the "elephant versus dragon" race as its GDP growth slowed down in the January-April quarter helping China re-emerge as the fastest growing major economy.
Demonetisation may have impacted India's GDP growth for the fourth quarter ended March 31, 2017 but its effects may not be over so soon.
RBI is set to announce its second bi-monthly monetary policy for financial year 2017-18. SBI feels a rate cut from the central bank is a must.
Thu, Jun 01, 2017
India's GDP data for Q4FY17 dropped to a two year low. Now the next trigger would be RBI's action on Indian economy during second monetary policy meet.
India's GDP numbers were at 6.1% in Q4FY17 – indicating a strong demonetisation impact. Difference between nominal and real GVA reflects slowdown was due to higher deflator.
Finance Minister Arun Jaitley on Thursday said that the government has restored the economic credibility of India.
Jaitley said that demonetisation created a new normal in economic system and that some slowdown was already seen in Indian economy before demonetisation.
Benefits of bank account portability would mean your account number would remain the same even if you change your bank. Banks, naturally, are not enthused by the idea but RBI is pushing for it.
Demonetisation dips Q-4 GDP growth rate to 6.1%, 7.1% expected for FY 17. Watch complete news story of News @ 7:00 PM for getting the detailed news updates!
The BSE Sensex fell over 75 points to 31,070 and the Nifty slipped below 9,600-mark in early trade on Thursday as participants trimmed their positions, triggered by lower gross domestic product (GDP) numbers and core infrastructure sectors growth.
The rupee gained another 8 paise to 64.43 against the US dollar on Thursday on account of increase in selling of the dollar by exporters and banks.
Moody's said, "India (Baa3 positive) is implementing a number of wide-ranging reforms and measures that, if effective, will broaden the tax base and anchor fiscal consolidation. Under such outcomes, the government's debt burden, a key constraint on India's credit profile, would ease gradually."
Annual economic growth at 6.1 percent in the January-March period was even lower than the lowest analyst estimate of 6.5 percent in a Reuters poll. Overall, the median forecast of 36 analysts was for a year-on-year growth of 7.1 percent.
Wed, May 31, 2017
Ministry of Statistics & Programme Implementation is set to unveil India's GDP (Gross Domestic Product) growth data for the fourth quarter ended on March 31 as well as for full financial year (FY17), today.
CSO will announce India's fourth quarter GDP on May 31, 2017. GDP numbers for October – December 2016 period stood at 7.1% as against GDP growth of 7.4% in Q2FY17 and 7.2% in Q1FY17.
Tue, May 30, 2017
RBI deputy governor S S Mundra while speaking at an event in Mumbai on Tuesday said that the central bank has received the feedback from the concerned stakeholders and final guidelines on limiting liability of customers in case on fraudulent banking transactions are expected to be issued shortly.
Mon, May 29, 2017
India`s growth would increase gradually to 7.7 per cent by 2019-20, World Bank report said.
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