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 Demonetisation: Govt extends use of old Rs 500 notes till December 15, stops over-the-counter exchange
106 Views, 25-11-2016, Courtsey News Live

  Government has extended the facility of using old Rs 500 notes in public utilities and certain other services like pre-paid mobile top-up till December 15 and stopped the over-the-counter exchange of defunct currencies and use of Rs 1,000 notes.   It has been decided that these exempt...Read more

Demonetisation helped banks improve their fund situation: Jaitley
140 Views, 22-11-2016, Courtsey News Live

: Union Finance Minister Arun Jaitley on Tuesday said the demonetisation move allowed banks fetch in huge amount of money that would help the government to undertake welfare measures. Addressing the BJP parliamentary party meeting here, Jaitley said as a result of demonetisation decision, "hug...Read more

RBI allows Rs 50,000 a week withdrawal from overdraft accounts
134 Views, 21-11-2016, Courtsey News Live

: Further relaxing cash withdrawal norms, the Reserve Bank said overdraft and cash credit account holders can now withdraw up to Rs 50,000 in a week.  Earlier, current account holders were allowed to withdraw up to Rs 50,000 in cash, in a week.  "On a review, it has been decided to ...Read more

Centre-state stalemate over GST jurisdiction continues
237 Views, 20-11-2016, Courtsey News Live

: Stalemate between the Centre and states over administrative control under the proposed goods and services tax (GST) regime continued today with an informal meet called by Finance Minister Arun Jaitley failing to break the deadlock. Jaitley’s informal meeting with state finance ministers fai...Read more

 Unsung heroes: Bank staff who work overtime to provide you with cash!
127 Views, 19-11-2016, Courtsey News Live

: "It has been a tough week for me and my family. I had to skip a visit to Varanasi to be with my parents." She is not the only one.   More than a week after the demonetisation was announced by Prime Minister Narendra Modi on November 8, bankers are putting in long hours, without ev...Read more

Demonetisation a ’bold move’ to curb shadow economy: Bill Gates
106 Views, 17-11-2016, Courtsey News Live

: Lauding Prime Minister Narendra Modi\’s demonetisation decision, Microsoft founder Bill Gates has said it is a "bold move" and will deflate India\’s shadow economy.  Delivering the Second Transforming India Lecture organized by NITI Aayog here on Wednesday, Gates said t...Read more

Sensex at 6-month low, bleeds 514 points on fund outflows, weak Rupee
123 Views, 15-11-2016, Courtsey News Live

: Markets took another blow today as the Sensex plunged over 514 points to end at nearly 6-month low of 26,305 while the Nifty cracked below 8,200 mark on concerns about outflows amid surging US yields and the dollar gathering more steam. Currency market was hit hard, with the rupee down 57 paise t...Read more