Arun Jaitley holds pre-budget consultative meeting with banking sector

Finance Minister Arun Jaitley has said that current financial year is not a conventional year as many major reformative decisions have been taken during the year. He said the banking sector is the backbone of country's economy and stressed the need for out of box thinking about what the gov...

RBI modifies circular on depositing over Rs 5000 in banks in old notes

Finance Ministry asks banks to restrict fees on payments through IMPS & UPI

Finance Ministry has asked Public Sector Banks to restrict fees on payments through Immediate Payment Service- IMPS and Unified Payments Interface -UPI to the extent that is applicable for NEFT fund transfer of over 1,000 rupees.IMPS is an interbank electronic instant mobile money transfer service t...

Cabinet approves ordinance to amend Payment of Wages Act

Union Cabinet today approved an ordinance to amend the Payment of Wages Act for allowing business and industrial establishments to pay salaries through cheques or electronically in the bank accounts. Sources said, the employers will also have the option to pay wages in existing provisions of payment...

Kyrgyzstan invites investment from India

Describing Kyrgyzstan as a heaven for investments its President Almazbek Atambayev invited Indian businesses to invest in the country, saying it could serve as a gateway to the entire Central Asian region. Atambayev promised protection to those investing in Kyrgyzstan, observing that businesses in t...

Key Asian markets again end mixed<br/>

Key Asian markets again ended mixed, today. So Japan&apos;s Nikkei 225 index and Singapore&apos;s Straits Times index declined 0.3 percent; each; and South Korea&apos;s Kospi index dropped 0.2 percent. But Hong Kong&apos;s Hang Seng index rose 0.4 percent; and China&apos;s Shangh...

White House bans oil, gas drilling in Arctic, Atlantic oceans<br/>

The White House has blocked new leases for oil and gas drilling in sections of the Arctic and Atlantic, which is a high-stakes bid to forestall exploration and tie Donald Trump&apos;s hands. The protection covers an area of the Arctic, roughly the size of Spain or Thailand, and 31 sea canyons in...

TGB making efforts to create awareness on digital transaction post demonetisation

Arun Jaitley holds pre-budget consultative meeting with banking sector

Finance Minister Arun Jaitley has said that current financial year is not a conventional year as many major reformative decisions have been taken during the year. He said the banking sector is the backbone of country&apos;s economy and stressed the need for out of box thinking about what the gov...

Banks should accept deposits of pre-2005 currency notes: RBI