APEC leaders vow to keep markets open and fight against protectionism

The leaders of the Asia-Pacific Economic Cooperation have reaffirmed the commitment to keep their markets open and to fight against all forms of protectionism. In a closing statement after meeting of the group at Lima in Peru, they pledged to work towards a sweeping new free trade agreement despite ...

RBI dispels rumours of fake Rs 10 coins in circulation

Dispelling rumours of fake 10 rupees coin in circulation, RBI today asked people not to give credence to such canards and continue to accept these coins as legal tender in all their transactions without any hesitation.In a statement RBI said, it has advised members of the public not to give credence...

Replacing 86% currency notes with new ones could not have been executed in better way than currently being done: FM

Union Finance Minister Arun Jaitley has said, replacing 86 per cent of the currency in circulation with new notes could not have been executed in a better way than currently being done. Mr Jaitley said this at a function in New Delhi yesterday. He said, replacing such a large currency without any so...

Several banks slash FD rates by up to 1% after surge in deposits

Taking advantage of the surge in deposits following demonetisation move of the government, several banks including ICICI Bank, HDFC Bank and Canara slashed their FD rates by up to 1 per cent.Canara Bank announced lowering its deposit rates in the range of 0.05 to 0.25 per cent while United Bank of I...

Govt invites suggestions on draft Bill for banning of unregulated deposit schemes

Govt invites suggestions on draft Bill for banning of unregulated deposit schemes

EPFO asks field staff to settle death claim in seven days

The Employees' Provident Fund Organisation (EPFO) has asked its field offices to settle death claims within a period of seven days from the date of receipt of proposal and retirement claims on the day of retirement. Last month during the PRAGATI review meeting Prime Minister Narendra Modi h...

Several banks slash FD rates by up to 1% after surge in deposits

Several banks have slashed their Fixed Deposit rates by up to 1 per cent after the surge in deposits following demonetisation.Canara Bank announced lowering its deposit rates in the range of 0.05 to 0.25 per cent while United Bank of India slashed rates of short-term deposits by 1 per cent. United B...

Several banks slash FD rates by up to 1% after surge in deposits

Several banks have slashed their Fixed Deposit rates by up to 1 per cent after the surge in deposits following demonetisation.Canara Bank announced lowering its deposit rates in the range of 0.05 to 0.25 per cent while United Bank of India slashed rates of short-term deposits by 1 per cent. United B...

Several banks slash FD rates by up to 1% after surge in deposits

Several banks have slashed their Fixed Deposit rates by up to 1 per cent after the surge in deposits following demonetisation.Canara Bank announced lowering its deposit rates in the range of 0.05 to 0.25 per cent while United Bank of India slashed rates of short-term deposits by 1 per cent.