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November 30, 2016 7:23 PM
The Reserve Bank has placed a limit of 10,000 rupees on monthly withdrawals from Pradhan Mantri Jan Dhan bank accounts and who want to withdraw more than 10,000 a month, will have to furnish appropriate documents to prove why they need the money.RBI, in a notification, said the move is with the obje...
November 30, 2016 6:44 PM
Gross Non-Performing Assets (NPA) of public sector banks has touched around six lakh thirty thousand crore rupees at the end of September this year. Minister of State for Finance Santosh Kumar Gangwar today said this in a written reply in the Rajya Sabha. He said, the total number of NPA accounts ar...
November 30, 2016 6:37 PM
Despite decline in the production of coal, crude oil and natural gas, the index of eight core industries rose to 6.6 per cent during last month. It was 3.8 per cent in October last year.According to data released by Commerce Ministry, the cumulative growth of coal, crude oil, natural gas, refinery p...
November 29, 2016 8:35 PM
Gross Non-Performing Assets (NPA) of public sector banks has touched around six lakh thirty thousand crore rupees at the end of September this year. Minister of State for Finance Santosh Kumar Gangwar today said this in a written reply in the Rajya Sabha. He said, the total number of NPA accounts ar...
November 29, 2016 11:16 AM
Japan's household spending decreased 0.4 percent in October from a year earlier in price-adjusted real terms. The result compared with the median estimate for a 0.6 percent annual decrease.
November 29, 2016 10:39 AM
South Korea's trade minister said that the free trade agreement (FTA) with the United States has benefited both countries and Asia's fourth-biggest economy is hopeful of making more progress. Speaking at the American Chamber of Commerce in Korea, Minister Joo Hyung-hwan said that t...
November 28, 2016 2:37 PM
China's trade deficit in services narrowed to 20.9 billion US dollar in October from 23.3 billion US dollar in September, the foreign exchange regulator said on Monday. In the January-October period, the trade deficit in services was 208.6 billion US dollar.
November 28, 2016 8:52 AM
The government has said it wants to substitute physical currency with digital money. In reply to supplementaries in the Lok Sabha, Finance Minister Arun Jaitley said, the government's effort is to see that the quantum of physical currency comes down, but trade and economy must expand. Jaitl...
November 28, 2016 8:52 AM
Industrialist Ratan Tata said that demonetisation will help fight black money. He said it is amongst the three most important economic reforms in India's history, along with delicensing and GST. In a tweet, he said the government's bold implementation of the programme needs the nat...
November 28, 2016 8:10 AM
Government has sought to soothe concerns of layoff in Micro, Small and Medium Enterprises,that employ 80 million people against backdrop of demonetisation, saying decision might cause initial problems but will not impact job scenario in the sector. Talking to AIR, Union MSME Minister Kalraj Mishra s...
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