In line with Modi government's efforts to move towards a cashless economy, the Centre is planning to make it mandatory for payments to be made only through cheque or directly into the bank accounts of
At a time when cash crunch gripping the country these days, public sector bank SBI has decided to launch a credit card with a cap of Rs 25,000 for those at the lower strata of
In a fresh attack on its ousted chairman Cyrus Mistry,Tata Sons on Sunday accused him of misleading to get selected as Chairman, retracting on his promises, concentrating powers and using free-hand given to him to weaken management structures.
Despite a huge surge in total deposits post central government’s November 8 demonetisation move, about one-fifth of Jan Dhan account’s still continue to have no balance, PTI report said on Sunday. Net addition in the
In the wake of alleged seizure of a huge amount of cash and gold from Tirumala Tirupati Devasthanam's member J Sekhar Reddy’s premises, the Chennai-based businessman is expected to be expelled from the Board of
With three-day bank holiday starting today and a majority of ATMs still not functioning, the cash crunch in the country may escalate further leaving residents high and dry for want of cash during the weekend.
Almost 85 per cent cash dispensing machines have been recalibrated by November 30 to fit the new notes, Parliament was informed on Friday. "Till November 30, a total of 179,614 ATMs have been recalibrated. There
After from a marginal rise of 0.67 per cent in September and a 9.9 per cent jump in the corresponding month of last year, India's factory output contracted by (-)1.92 per cent in October, official
Finance Minister Arun Jaitley on Friday said that India has expressed reservations on World Bank’s ‘Doing Business Report’ where it has been ranked 172 amongst 190 countries. Government is aware of the latest analysis of
The government has gathered Rs 146 crore by method for 'Equalisation Levy', which was acquainted in the current year's Budget with tap charge on income accumulating to foreign e-commerce business organizations from India. A person
In terms of market valuation, India’s top 100 companies valuation have generated Rs 28.4 lakh crore wealth in the last five years, says a latest study. According to leading brokerage firm Motilal Oswal's '21st Annual
Facing heat from Jio's unlimited free calls offer, the incumbent players are coming up with new plans to keep their user base intact. The latest in the string is India’s second largest telco Vodafone, which
In a move aimed at giving tough competition to the Reliance Jio tariff rates, the Idea Cellular today announced free calls and limited mobile internet use priced at Rs 148 and Rs 348. "Priced around
The government today shortened the December 15 deadline that it had previously set over the use of old and junked 500 rupee notes for purchasing tickets of railway, metro and state road transport buses and
Finance Minister Arun Jaitley today cautioned people that mere depositing the old notes in banks will not help in converting the money from 'black to white' and tax liability would remain on unexplained funds. Less
In one of the biggest crackdowns on money laundering and hawala transactions post demonetisation, the Enforcement Directorate today launched an 'enquiry of records' operation at over 50 bank branches across the country to detect money
The Reserve Bank of India (RBI) may have maintained status quo on the repo rate in its fifth bi-monthly policy meet but there is still scope available with banks to lower the lending rates, providing
Elon Musk’s ambitious Hyperloop transportation may soon begin leading trials in India, with the Hyperloop Transportation Technologies (HTT) initiating talks with the government. The final decision on a go-ahead for the project is left
Leading Indian e-wallet firm Paytm today announced that it has expanded its reach to non-internet users by launching a toll free number – 1800-1800-1234 to pay and receive money instantly and also recharge their mobile
The government’s move to demonetize high-value currency is probably going to affect India’s growth in the short term as well as the informal sector like retail trade, hotels, restaurants and transportation, and the unorganised sector,
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