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Working on ways to reduce transaction cost: RBI tells PAC

January 20, 2017 6:15 PM

Working on ways to reduce transaction cost: RBI tells PAC

RBI Governor Urjit Patel and other senior functionaries today appeared before Public Accounts Committee (PAC) for oral evidence on Review of Monetary Policy in Parliament House, New Delhi. <br/><br/>Sources said, RBI informed the Parliamentary panel that it is working on a mechanism to b...

Cooperative banks can't accept deposits under PMGKY: Govt

January 20, 2017 5:53 PM

Cooperative banks can't accept deposits under PMGKY: Govt

Government today clarified that Co-operative Banks are not authorised to accept deposits under the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS). The scheme allows assessees to disclose previously unaccounted and undeclared income under its ambit. <br/><br/>The PMGKDS permits volun...

Supreme Court agrees not to pass Jallikattu verdict for a week

January 20, 2017 5:49 PM

Supreme Court agrees not to pass Jallikattu verdict for a week

The Supreme Court today agreed not to pass judgment for a week on the Jallikattu issue while taking into account the Centre's submission that they were in talks with Tamil Nadu to find a way out in the matter.<br/><br/>Attorney General Mukul Rohatgi mentioned the matter before a ben...

Union Minister for Civil Aviation inaugurates Digi Dhan Mela

January 20, 2017 5:41 PM

Union Minister for Civil Aviation inaugurates Digi Dhan Mela

Union Minister for Civil Aviation Ashok Gajapati Raju inaugurated the Digi Dhan Mela at Itanagar in Arunachal Pradesh today. He said today an Indian citizen with aadhar card can open a bank account and carry his money in his thumb. He further said a pocket can be picked and a mobile can be lost but ...

RBI Governor appears before Public Accounts Committee

January 20, 2017 5:23 PM

RBI Governor appears before Public Accounts Committee

RBI Governor Urjit Patel today appeared before the Public Accounts Committee and briefed the panel about government's recent decision to demonetise high value currency. The committee is headed by Congress MP K V Thomas. According to sources, Mr Patel has assured the committee that cash situatio...

Supreme Court refuses to interfere in CBI chief's appointment

January 20, 2017 5:17 PM

Supreme Court refuses to interfere in CBI chief's appointment

Supreme Court today refused to direct the Centre to place before it the minutes of the meeting of a high-powered committee, which has selected Delhi Police Commissioner Alok Kumar Verma as the new CBI Director.<br/><br/> A bench comprising Justices Kurian Joseph and A M Khanwilkar said t...

IORA finalises MoU for cooperation in SME sector

January 20, 2017 4:35 PM

IORA finalises MoU for cooperation in SME sector

Indian Ocean Rim Association (IORA) member-States today gave final touches to a MoU for cooperation in small and medium-sized enterprises-SME sector.<br/> <br/>Around 29 delegates from 14 IORA attended the two day workshop to finalise the MoU in New Delhi. The member countries agreed to ...

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