Petrol dearer by Rs 2.21 per litre, diesel by Rs 1.79 from midnight tonight

Petrol price has been hiked by 2 rupees 21 paise per litre and diesel by one rupee 79 paise excluding State levies and the new rate will come into effect from midnight tonight. 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 ...

Petrol to cost more by Rs 2.21 per litre, diesel by Rs 1.79 from midnight tonight

Petrol price has been hiked by 2 rupees 21 paise per litre and diesel by one rupee 79 paise excluding State levies and the new rate will come into effect from midnight tonight. 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 ...

Enrollment of traders for GST begins in Haryana

The process of enrollment of existing registered dealers of Haryana under HVAT Act, 2003 to the Goods and Services Tax, GST system commenced today and it will continue up to 31st December. The GST provides for provisional registration of all existing dealers under the Act whose PAN has been validate...

India's foreign exchange reserves down by USD 887.2 mn to USD 362.987 bn

India's foreign exchange reserves declined by 887.2 million dollars to 362.987 billion dollars in the week ended 9th December. A RBI press release has informed that foreign currency assets, a major part of the overall reserves fell by 873 million dollars to 339.258 billion dollars. In the p...

RBI to issue Rs 500 notes in new series

RBI announces measures to incentivise adoption of digital payment method

In order to incentivise greater adoption of digital payment methods, the Reserve Bank has announced special measures to be adopted between 1st January and 31st March next. In a notification issued from Mumbai today, RBI has advised banks to cap the Merchant Discount Rates for debit card transactions...

RBI imposes restrictions on withdrawal from certain bank accounts

Tightening the noose around people who misused banking channels to park unaccounted money, the Reserve Bank of India (RBI) has imposed certain restrictions on withdrawal, if more than two lakh rupees has been deposited after November 9 in an account which has a balance of over five lakh rupees. The ...

US Federal Reserve raises interest rates for second time in a decade

The US Federal Reserve has raised its benchmark interest rate by 0(point)25 per cent, only the second increase in a decade and first in 2016. The central bank voted unanimously to raise the key rate to a range of 0.5 per cent to 0.75 per cent, citing a stronger economic growth and rising employment....

RBI asks banks to preserve CCTV footages to spot currency hoarders

RBI has asked banks to preserve CCTV recordings of operations at bank branches and currency chests to help law enforcement agencies in identifying people engaged in hoarding of new notes.The Reserve Bank, in a notification, said banks should preserve CCTV recordings for the period from 8th November ...

India, ASEAN set target of $100 billion trade to be achieved by 2020

India and ASEAN have set a target of trading at 100 billion dollar to be achieved by 2020. Currently the trade between ASEAN and India is 57 billion dollars. Talking to the Indian Media Delegation in Jakarta, the Deputy Secretary-General, ASEAN Mr. AKP Mochtan said, India is one of the most importan...