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Centre-state stalemate over GST jurisdiction continues
213 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

Demonetisation a ’bold move’ to curb shadow economy: Bill Gates
83 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
102 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

Axis Bank sees reduction in lending rates post-demonetisation
141 Views, 13-11-2016, Courtsey News Live

: Axis Bank expects a dip in lending rates because of the surge in deposits which lenders are experiencing in the aftermath of the government\’s move to scrap Rs 500 and Rs 1,000 notes. "The deposits are into savings or current accounts which are low cost ones. An increase in them should...Read more

Currency printing presses running at full capacity: RBI
340 Views, 12-11-2016, Courtsey News Live

: Currency printing presses are running at "full capacity" to sustain demand for new notes, RBI said today, while asking people to switch to other modes of payment such as debit and credit cards to reduce strain on bank branches.  Adequate stock of all currency notes has been kept re...Read more

SBI gets Rs 53,000 crore deposits
196 Views, 11-11-2016, Courtsey News Live

: SBI Friday said it has received deposits worth Rs 53,000 crore after the government scrapped Rs 500/1,000 notes and has exchanged currency worth about Rs 1,500 crore so far.  "The bank got deposits of Rs 31,000 crore yesterday... Today, till now, the amount of deposit is Rs 22,000 crore...Read more

Bank of Baroda, SBI shares surge up to 10%
129 Views, 10-11-2016, Courtsey News Live

: Bank stocks rose sharply by up to 9.5 per cent on Thursday after the government\’s decision to withdraw Rs 500 and Rs 1,000 currency notes from circulation in a bid to curb black money and terror funding. Shares in Bank of Baroda jumped 9.56 per cent, followed by Punjab National Bank (9.19 ...Read more