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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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
Fri, Aug 11, 2017
Since the start of fiscal year 2017-18 (FY18) all scheduled commercial banks (SCBs) business ( advances and deposits has seen decline in both year-to-date (YTD) and year-on-year (YoY) basis.
Wed, Aug 09, 2017
Two banks namely Axis Bank and SBI have brought down their savings account interest rates by 50 basis points.
Tue, Aug 08, 2017
Even after the government banned Rs 500 and Rs 1000 notes to curb fake notes over Rs 2.55 crore fake notes have now been seized by the government post demonetisation.
Few days after when SBI revised down its interest rates on savings account, private lender Axis Bank too followed the suit by making 50 basis points revision.
Mon, Aug 07, 2017
As bank credit growth perform at single-digit, banks and firms are tapping the securitisation market so much so that transactions through this has risen by 47% in FY17.
Sun, Aug 06, 2017
Finance professionals within logistics and engineering sectors were offered the highest increment of 20% whereas retail saw the lowest 5% followed by telecom and BFSI.
Mon, Jul 31, 2017
The Income Tax Department has added a new column where the taxpayer’s will have to report the details of cash deposited in their bank accounts if the aggregate cash deposits for all accounts exceeds Rs 2 lakh during the demonetisation period.
Market expects a 25 bps rate cut in August policy. Currently, policy repo rate under the liquidity adjustment facility (LAF) stands at 6.25%.
Sun, Jul 30, 2017
As per the Request for Proposal (RFP), the machines should be computer based and microprocessor controlled and capable of processing, counting, sorting and authenticating banknotes into 'fit for circulation', 'unfit for circulation', 'reject notes', 'suspect/forged notes', and 'emission-wise sorting on design and series', among other categories.
Addressing shareholders in the company's Annual Report 2016-17, he said Tata Motors' standalone net revenues increased by 3.7%to Rs 44,777 crore for the 12 months ended March 31, 2017 but standalone loss before tax for the year fell to Rs 2,421 crore, compared with Rs 67 crore in the prior year.
Thu, Jul 27, 2017
It took the RBI eight months to restore currency circulation to pre-demonetisation era. Zeebiz analyses cost to print old Rs 1000 and Rs 500 notes and new notes by the government.
Wed, Jul 26, 2017
Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Rajya Sabha, mentioned about five big steps, the government took:
Sources say RBI stopped printing of Rs 2000 note
Rs 200 note will hit the market soon
Rs 2000 note in your possession remains legal tender
Mon, Jul 24, 2017
Arun Jaitley praised Revenue Secretary, Minister of Finance, Hasmukh Adhia for successful implementation of Income Declaration Scheme and activities during and after demonetisation.
This year the department has added a new column where the taxpayer’s will have to report the details of cash deposited in their bank accounts (including loan account) if the aggregate cash deposits for all accounts exceeds Rs 2 lakh during the demonetisation period
Sun, Jul 23, 2017
Massive searches, seizures and surveys by the Income Tax (IT) department over the last three years have led to the detection of around Rs 71,941 crore of "undisclosed income", the Centre has told the Supreme Court.
Sat, Jul 22, 2017
Jaitley said the government has come out with laws to contain overseas black money as well as those dealing with domestic black money and cracking down on shell companies.
"During the period from November 9, 2016 to January 10, 2017, more than 1,100 searches and surveys were conducted by the I-T Department apart from issuing more than 5,100 verification notices in the cases of suspicious high value cash deposits or related activities," Minister of State for Finance Arjun Ram Meghwal told the Lok Sabha.
Tue, Jul 18, 2017
The Central government on Monday refused to give another opportunity to exchange demonetised currency notes of Rs 500 and 1,000 to those who couldn`t do it by the deadline of December 30, 2016, saying this would defeat the very objective of eliminating black money.
Sun, Jul 16, 2017
Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'.
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