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EPFO lowers interest on EPF to 4-year low of 8.65% for 2016-17
123 Views, 19-12-2016, Courtsey News Live

: Retirement fund body EPFO today slashed interest on deposits to a four-year low of 8.65 per cent this fiscal in tandem with falling rates on savings due to surge in bank deposits post demonetisation. The Employees Provident Fund Organisation (EPFO) had provided 8.8 per cent rate of interest on de...Read more

Focus now on printing new Rs 500 notes: Shaktikanta Das
280 Views, 15-12-2016, Courtsey News Live

: The Finance Ministry on Thursday said that the Reserve Bank of India (RBI) was now focusing on printing Rs 500 notes which would ease the liquidity situation over the next 2-3 weeks. "The situation has considerably improved. I expect the situation will ease out in the next 2-3 weeks, because...Read more

 GST Council meet inconclusive, panel to meet again on December 22-23
100 Views, 12-12-2016, Courtsey News Live

   Finance Minister Arun Jaitley on Sunday informed that discussion on legislative drafting of goods and services tax (GST) laws has started and bulk of provisions have been cleared.     The 6th meeting of the all-powerful GST Council was slated to decide on dual control of a...Read more

Government to amend RBI Act to annul old Rs 500-1,000 notes: Report
138 Views, 11-12-2016, Courtsey News Live

: The government is likely to amend the Reserve Bank of India Act to extinguish the validity of the Rs 500 and Rs 1,000 currency notes printed before November 9 and a reference to this effect would be made in the upcoming Budget. As part of the demonetisation process, there would be a law to make R...Read more

No bank officials will be spared if found involved in wrongdoings: FinMin
396 Views, 10-12-2016, Courtsey News Live

: The Finance Ministry has sent a strong message to banks, saying that no official will be spared if found involved in wrongdoing. Sources said, the ministry is seriously looking into the matter. In a major crackdown on bank employees involved in irregularities post the demonetisation move, as man...Read more

 Demonetisation: Such calls from ’Income Tax department’ may be fake
199 Views, 09-12-2016, Courtsey News Live

  Fraudsters have found one more ploy for cheating people and are using demonetisation as an opportunity and attempting to extract confidential information like bank details from common public.     A WhatsApp message going viral warns people to inform all colleagues, family or fri...Read more

 Ratan Tata reveals why Tata Sons removed Cyrus Mistry as chairman
68 Views, 08-12-2016, Courtsey News Live

  As the boardroom battle between Tatas and Cyrus Mistry continue to grow, interim boss of Tata Sons, Ratan Tata on Wednesday revealed by the company decided to removed Mistry as the chairman of the firm.   In a letter to shareholders on Wednesday, Ratan Tata said Tata Sons decided to r...Read more