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December 26, 2015 6:52 PM
World Bank chief economist Kaushik Basu on Saturday indicated that the bank may revise its GDP growth projection for India after it goes for a stock-taking in a few months. He was responding to media queries in Kolkata on whether failure of the Centre to get the GST Bill passed will have an impact o...
December 25, 2015 8:35 AM
Reserve Bank today extended the deadline for exchanging pre-2005 currency notes of various denominations by another six months to June 30, 2016. The decision to extend the deadline was notified by the apex bank in a statement issued in Mumbai. The Reserve Bank had, in June 2015, set the last date fo...
December 24, 2015 7:07 AM
The Reserve Bank has said banks opened a whopping 19.52 crore accounts under the Prime Minister's Jan Dhan Yojana till the first week of December. In its half-yearly report on the operations and performance of scheduled commercial banks, RBI said most of these accounts are in rural areas. T...
December 23, 2015 8:55 PM
Reserve Bank today extended the deadline for exchanging pre-2005 currency notes of various denominations by another six months to June 30, 2016. The decision to extend the deadline was notified by the apex bank in a statement issued in Mumbai today. The Reserve Bank had, in June 2015, set the last d...
December 23, 2015 11:41 AM
The government crackdown on black money has led to detection of undisclosed income of over 16 thousand crore rupees since March 2014, while assets worth 1,200 crore have been seized. Revenue Secretary Hasmukh Adhia told this to news agency PTI today. He said the measures included a one-time 90-day w...
December 22, 2015 8:09 AM
NTPC said the challenge before the power sector is to deploy advanced technology with an objective to decrease carbon intensity and provide power at competitive rates.According to the company's release, addressing the 30th Indian Engineering Congress in Guwahati, NTPC CMD A K Jha said the 2...
December 22, 2015 8:08 AM
The Reserve Bank Deputy Governor R Gandhi said that the RBI is working towards harmonizing regulations for Non-Banking Financial Companies -NBFCs to reduce the number of categories in the sector. He was speaking at an event organised in Mumbai by the industry body CII. He said however that the centr...
December 22, 2015 8:08 AM
Global crude oil prices fell to an over 11-year low. So Brent crude oil futures dropped 2 percent, to 36.05 dollars a barrel--its weakest since July 2004. The price of oil has halved over the past year. Plunging oil has shred the finances of oil producers such as Nigeria, which faces its worst econo...
December 22, 2015 7:42 AM
The Reserve Bank Deputy Governor R Gandhi today said that the RBI is working towards harmonizing regulations for Non-Banking Financial Companies -NBFCs to reduce the number of categories in the sector. He was speaking at an event organised in Mumbai by the industry body CII. He said however that the...
December 21, 2015 9:22 PM
The Reserve Bank Deputy Governor R Gandhi today said that the RBI is working towards harmonizing regulations for Non-Banking Financial Companies -NBFCs to reduce the number of categories in the sector. He was speaking at an event organised in Mumbai by the industry body CII. He said however that the...
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