Sunday , March 26 2017

Tag Archives: demonetisation

Finance Ministry to Re-Consider on Surplus Cash Absorption by Banks

finance_ministry

Finance Ministry had called Bankers into a meeting to address the absorption of surplus cash in the banking system According to a leading news agency, the Finance Ministry, on Friday had called the bankers for a meeting to discuss on the surplus cash in Banking System. And it was decided that ...

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Industrialist Sekhar Reddy was arrested by ED under PMLA

Sekhar Reddy

Sekhar Reddy along with his two alleged associates were arrested by Enforcement Directorate under PMLA. Chennai: The Enforcement Directorate has arrested Industrialist J Sekhar Reddy and his two supposed associates in connection with corruption and money laundering case registered post demonetisation. A senior ED Officials said the three were arrested yesterday under ...

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PM Narendra Modi revisits economic reform agenda after BJP’s victory in UP

Modi

Prime Minister Narendra Modi after victory in UP elections,  now revisits economic reform agenda to boost growth and Jobs.  Prime Minister Narendra Modi, fresh from his election victory in Uttar Pradesh, now has a chance to advance his economic reform agenda. Surprisingly the voters in Uttar Pradesh supported the Bharatiya Janata ...

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RBI removes cash withdrawal limit

RBI

RBI removed the limits on cash withdrawals from savings bank account post demonetisation of high denomination currency notes ended on Monday. The Reserve Bank of India (RBI) gave Indians a Holi gift and removed all the restrictions on saving bank cash withdrawals from banks as well as ATMs put after the ...

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ATMs May Remain Dry Next week in Hyderabad

ATMs

Hyderabad: Most automated teller machines (ATMs) can continue to be dry next week after three holidays on Saturday and Sunday, according to experts. Messages about banker groups Whatsapp said that the treasury banks with some nationalized banks were empty, and the offer of RBI tickets was not enough. An official ...

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Currency Circulation drops to Rs 11.73 lakh cr, after Demonetisation

combo-currency

Demonetisation after effects, led Currency Circulation drop to Rs 11.73 lakh cr.  Gradually, Demonetisation is showing its’ side effects. The aggregate of currency notes in circulation has decreased to a quarter to Rs 11.73 lakh crore, which is informed to the Parliament today. The value was observed to be progressively ...

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RBI may offer three month extension for repayment of microloans

Microfinance

The Reserve Bank of India (RBI) may offer a three-month repayment extension to customers whose loans were due from November 1, 2016, to December 31, 2016.  In a bid to ease loan default burden at Microfinance Institutions (MFIs), the RBI  may offer a three-month repayment extension to customers whose loans ...

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Regardless of Demonetisation India’s GDP grew at 7 %

Demonetisation

The official data released on Tuesday reveals that Demonetisation hasn’t impacted the growth of India’s GDP. New Delhi: The data released on Tuesday shows that Demonetisation hasn’t impacted the Gross domestic product (GDP) growth, the Indian economy performed better than expected at 7 percent in the October- December quarter of 2016. ...

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Weekly cash withdrawal limit raised to Rs 50,000 from Feb 20; limits end by March 13

cash withdrawal limit

New Delhi: Reserve Bank of India (RBI) on Wednesday raised the weekly cash withdrawal limit to Rs 50,000 from Rs 24,000, which will be effective from February 20. RBI also announced that from March 13 there will be no cap on cash withdrawal from the savings account. “The limits on ...

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