Business

October 1, 2018 8:57 PM

SBI reduces ATM withdrawal limit to Rs 20,000

State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000.  There is no change in the daily withdrawal limits on other cards.  The new limit will be effective from October 31st this year.  A senior bank official said that bank has been receiving...

October 1, 2018 8:37 PM

RBI to inject Rs. 36,000 cr into system through purchase of govt bonds

The Reserve Bank today announced that it will inject  36,000 crore rupees into the system through purchase of government bonds in October to meet the festival season demand for funds.  In a release the RBI said the decision to conduct purchase of Government securities under OMOs was based on an asse...

October 1, 2018 2:47 PM

GST collection rises to Rs 94,442 crore in September

GST Revenue collection has gone up last month and shows an upward trend as compared to August this year.  It has crossed Rs 94,000 crore compared to Rs. 93,690 crore in August this year.  An official release said in New Delhi that the total gross GST revenue collected in September is Rs. 94,442 cror...

September 30, 2018 9:01 PM

CNG price hiked by Rs 1.70 per kg in Delhi

Price of Compressed Natural Gas, CNG, has been increased by one rupee 70 paise per kilo in Delhi and one rupee 95 paise per kilo in Noida, Greater Noida and Ghaziabad.  Indraprastha Gas Limited, in a release, said the price of CNG in Rewari has been increased by 1 rupee 80 per kilo. The new consumer...

September 26, 2018 2:17 PM

India's economy continues on robust growth path: ADB

India's economy continues on a robust growth path, the Asia Development Bank (ADB) said today in an of its flagship annual economic publication, the Asian Development Outlook (ADO) 2018.           Indian growth forecast remained unchanged at 7.3 per cent for 2018, and 7.6 per cent for 2019,...

September 25, 2018 1:38 PM

FDI in telecom sector jumps five times in last 3-years:Govt

Government says, Foreign Direct Investment in telecom sector has jumped five times in last three years from 1.3 billion US dollars to 6.2 billion US dollars.  Communications minister Manoj Sinha said that through New Digital Communication Policy (NDCP), telecom ministry is targetting FDI of 100 bill...

September 25, 2018 1:32 PM

FM Arun Jaitley chairing annual Review Meeting with PSBs in Delhi

Finance Minister Arun Jaitley is chairing the Annual Review meeting with Public Sector Banks in Delhi.  Credit growth, recovery, financial inclusion and overall performance are among the agenda of the meeting.  According to the Ministry, CMDs of 21 Public Sector Banks are attending the annual review...

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