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January 1, 2017 2:17 PM
The increased daily limit of withdrawal from ATMs has come into effect from today. People can, now, withdraw 4,500 rupees from ATMs instead of 2,500.In a notification, the Reserve Bank of India had said that there will be no change in the weekly withdrawal limit, which, for individuals, stands at 24...
January 1, 2017 12:16 PM
The increased daily limit of withdrawal from ATMs has come into effect from today. People can, now, withdraw 4,500 rupees from ATMs instead of 2,500.In a notification, the Reserve Bank of India had said that there will be no change in the weekly withdrawal limit, which, for individuals, stands at 24...
December 31, 2016 4:16 PM
Snapping four days of gains, gold declined 200 rupees to 28,300 rupees per ten grams at Delhi bullion market, today, on poor demand from jewellers. Silver dropped 500 rupees, to 39,400 rupees per kilo on reduced offtake by industrial units and coin makers. Silver coins remained unchanged at 70,000 r...
December 31, 2016 7:52 AM
Economists and experts across Madhya Pradesh have predicted a long-term advantage of demonetisation, with a rider that India has to wait at least till March 2017 to see the end to the liquidity crunch. Economist and expert said, the demand slowdown will continue until the liquidity crunch gets over,...
December 31, 2016 1:29 AM
Reserve Bank today extended the period of enhanced Prepaid Payment Instruments (PPI) limit of Rs 20,000 as part of efforts to promote digital payments.RBI said in a notification today that keeping in view that Bank is undertaking a comprehensive review of the guidelines and framework for PPI issuanc...
December 30, 2016 8:53 PM
Sugar production has touched 66 Lakh tonnes so far during the 2016-17 marketing year. Food Ministry has said that the sugar production is expected to be about 22.5 million tonne by the end of the season. It said, the total availability of sugar is sufficient to meet the estimated domestic requiremen...
December 30, 2016 8:26 PM
The 50-day deadline to deposit the old 500 and 1,000 rupee notes in banks came to an end today, however, people, will still have time to exchange the currency notes at designated RBI counters till 31st of March by giving valid reasons for not depositing defunct notes in their accounts by today.On 8t...
December 30, 2016 6:09 PM
India and Singapore have signed the 3rd protocol for amending Double Taxation Avoidance Agreement (DTAA). Briefing reporters in New Delhi today, Finance Minister Arun Jaitley said the revisiting of this treaty is important as it will help in government's efforts to eliminate black money. He...
December 30, 2016 5:56 PM
RBI has asked banks to report details of deposits of old 500 and one thousand rupees notes post demonetization. Today was the last date to accept the invalid currency in the banks. In a notification, RBI has asked all lenders, including public, private, rural and cooperative banks to make arrangemen...
December 30, 2016 4:12 PM
Viral V Acharya will assume the charge as Deputy Governor of the Reserve Bank of India (RBI) from 20th of January, 2017. He has been appointed for a term of three years, with effect from 20th of January. The RBI in a release said, as Deputy Governor, Mr. Acharya will look after the Monetary Policy a...
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