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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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, Feb 07, 2017
More than one deposit of undisclosed income can be deposited at the authorized banks.
The deposit sum should not be less than 25% of declared undisclosed income.
Vivek Nayer speaks on their latest 'Live Young, Live Free' campaign, apart from ad spends, competition, marketing strategy and demonetisation.
In the last monthly policy, held on December 7, the central bank had kept key rates unchanged.
According to latest Reuters poll, India rupee is expected to sink to a record low in the coming year on expectations for a rise in the US dollar.
The fiscally prudent budget could comfort the RBI`s six-member monetary policy committee (MPC), and raise the prospect of a rate cut sooner rather than later, given price trends.
A 'resilient' Indian rupee has weathered the post-US election headwinds fairly well but the domestic currency may still break above its 66.2-68.7 range established since early 2016, says a DBS report.
Highlighting on the alert which is given on the income tax e-filing website, he said that already 2 lakh people have logged in on it.
Mon, Feb 06, 2017
Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co- Chairman, Jubilant FoodWorks Limited said, “Q3 has been a challenging quarter for the consumer sector on account of currency demonetisation. However, we were able to minimise the impact by offering multiple non cash payment options to customers and launch of new products which got excellent customer response.”
Sun, Feb 05, 2017
According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 1,246 crore in equities during February 1-3 and another Rs 1,098 crore in the debt segment, translating into a total inflow of Rs 2,344 crore.
According to Japanese financial services major Nomura, though the Reserve Bank might go for a policy easing on February 8, it would be a "close call" considering some global factors like higher oil prices and narrowing interest rate differentials.
Fri, Feb 03, 2017
Mahindra despite seeing a large 11.41% decline in domestic car sales in January managed to post a 6% growth in tractor sales.
This growth of cars was driven primarily by new launches from these companies which pushed their sales despite the tough economic scenario.
The Specified Bank Notes (Cessation of Liabilities) Bill, 2017, seeks to replace the ordinance on demonetisation promulgated by the government in December 2016.
Thu, Feb 02, 2017
The first phase data from the government`s "Operation Clean Money", launched earlier this week, has revealed deposits worth lakhs of crores in old notes made after demonetisation into accounts and are being scrutinised by Indian tax authorities, senior officials have said.
Nearly Rs 94 crore has been spent by the government for spreading awareness about digital payments and popularising less-cash economy post demonetisation, the Rajya Sabha was informed today.
Cook said that the demonetisation move is still an overhang and could get bad after a while.
Wed, Feb 01, 2017
Demonetisation revelations continued as the Union Budget was announced on Wednesday by Finance Minister Arun Jaitley.
Read the key highlights of India's Union Budget 2017-18 presented on February 1, 2017
Maruti Suzuki's passenger car growth however posted a double digit 17.7% growth in sales in January.
Besides the increase in the tax slabs there is also expected to be an increase in the exemptions under 80C.
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