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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Wed, Feb 01, 2017
There could also be a hike in the service tax rates to get get it in alignment with the GST rates.
India's smartphone market is expected to witness a growth of 15% to 130 million units this year, accounting for almost half of the total mobile phone sales in the country, a report by CyberMedia Research (CMR) said on Tuesday.
Tue, Jan 31, 2017
Economic Survey 2017 was presented in Parliament by Finance Minister Arun Jaitley ahead of Union Budget.
The Economic Survey 2016-17 said that excess capital with Reserve Bank of India (RBI) should be remitted to the Government.
India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.
India's Income Tax Department has launched Operation Clean Money on Tuesday to verify deposited demonetised notes with tax payer's IT filings.
While the company saw a decline in its net revenues for the year, these were however higher than the market expectations. Demonetisation had an impact on its results.
The Economic Survey presented by Finance Minister, Arun Jaitley, in the Parliament on Tuesday said that India has shown ‘robust macroeconomic stability’ in the year gone by despite demonetisation and the GST bill.
The Economic Survey was presented in the House of Parliament on Tuesday spoke of a ‘robust macro-economic stability’ despite the Goods and Service Tax (GST) bill being passed and demonetisation of higher currency.
India's Economic Survey 2016-17 has projected the country's economy to recover back to normal to six-and three-fourth percent to seven-and-half percent for 2017-18.
The cash squeeze in the meantime will have significant implications for GDP, reducing 2016-17 growth by ¼ to ½ percentage points compared to the baseline of 7%, the Economic Survey said.
PM Modi's foreign visits over the past two years have exclusively focused on marketing India as a perfect destination to set up factories. The government rightly believes that manufacturing has to grow if India has to attain GDPs of 8% and above.
Jan Dhan, Aadhaar, Mobile have been in focus for a period of two years now and it was one of the central themes of last year’s economic survey.
Stressed-asset ratio for Indian bank predicted to increase to 12% for the current fiscal earlier, is expected to go up further.
Mon, Jan 30, 2017
Former prime minister and Congress leader Manmohan Singh on Monday released a document stating that the Indian economy is not in good shape.
While ATM cash withdrawal limit will be ending from February 01, 2017. However bank at their discretion can have their own operating limits as was the case before November 08, 2016, stated RBI.
ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.
Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.
Analysts at Kotak Institutional Equities said, "We expect moderation in HDFC’s loan growth, 15% growth in AUMs (asset under management) as compared to 17% in 2QFY17. NIM will expand due to lowering of bulk borrowing costs. We do not expect any major rise in NPLs."
Deposits in Jan Dhan accounts have grown by more than 50% since the demonetisation announcement.
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