Business

December 19, 2016 8:00 AM

RBI Governor to brief Parliamentary panel on demonetisation

Reserve Bank Governor Urjit Patel will brief the Parliamentary Committee on Finance about the demonetisation process and its impact on Thursday, this has been said in a schedule posted on the Parliament website. Since banning of old 500 and 1000 rupee notes on the 8th of last month, the Government h...

December 19, 2016 6:16 AM

RBI lowers charges on debit card payments to promote digital transactions

In order to incentivise greater adoption of digital payment methods, the Reserve Bank has announced special measures to be adopted between 1st January 2017 and 31st March 2017. In another notification, RBI has asked banks and prepaid payment instrument issuing entities not to levy any charges for tr...

December 19, 2016 6:14 AM

State Bank MobiCash Mobile Wallet launched

Minister of Finance and Corporate Affairs, Arun Jaitley and Minister of State for Communications (Independent charge) and Minster of State for Railways Manoj Sinha today jointly launched State Bank MobiCash Mobile Wallet, a product by SBI and BSNL. While introducing the service, Finance Minister app...

December 19, 2016 6:13 AM

19 insurers remained profitable in 2015-16: IRDAI

Of the 24 life insurance companies operating in India, only 19 insurers remained profitable in 2015-16, shows the annual report of Insurance Regulatory and Development Authority of India. During 2015-16, the life insurance industry reported profit after tax at 7,415 crore rupees as against 7,611 cro...

December 19, 2016 6:11 AM

RBI governor to brief Par panel on demonetisation

Reserve Bank Governor Urjit Patel will brief the Parliamentary Committee on Finance about the demonetisation process and its impact on Thursday, this has been said in a schedule posted on the Parliament website. Since banning of old 500 and 1000 rupee notes on the 8th of last month, the Government h...

December 18, 2016 11:58 PM

Demonetisation: RBI Governor to brief Parliamentary Committee on Finance<br/>

Demonetisation: RBI Governor to brief Parliamentary Committee on FinanceReserve Bank Governor Urjit Patel will brief the Parliamentary Committee on Finance about the demonetisation process and its impact on 22nd of December. This has been said in a schedule posted on the Parliament website.Since ban...

December 18, 2016 5:24 PM

19 insurers remained profitable in 2015-16 says IRDAI annual report

Of the 24 life insurance companies operating in India, only 19 insurers remained profitable in 2015-16, shows the annual report of Insurance Regulatory and Development Authority of India. During 2015-16, the life insurance industry reported profit after tax at 7,415 crore rupees as against 7,611 cro...

December 17, 2016 9:12 PM

State Bank MobiCash Mobile Wallet launched

Minister of Finance and Corporate Affairs, Arun Jaitley and Minister of State for Communications (Independent charge) and Minster of State for Railways Manoj Sinha today jointly launched State Bank MobiCash Mobile Wallet, a product by SBI and BSNL. While introducing the service, Finance Minister app...

December 17, 2016 12:28 PM

RBI lowers charges on debit card payments to promote digital transactions

In order to incentivise greater adoption of digital payment methods, the Reserve Bank has announced special measures to be adopted between 1st January 2017 and 31st March 2017. In another notification, RBI has asked banks and prepaid payment instrument issuing entities not to levy any charges for tr...

December 17, 2016 7:44 AM

Petrol price hiked by Rs 2.21 per litre, diesel by Rs 1.79 per litre

Petrol price has been hiked by 2 rupees 21 paise per litre and diesel by one rupee 79 paise excluding State levies. Now, petrol will cost 68 rupees 94 paise a litre in Delhi, 71 rupees 50 paise in Kolkata, 75 rupees 27 paise in Mumbai and 68 rupees 41 paise in Chennai. For diesel, the consumer will ...

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