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  • Sunday, March, 2023| Today's Market | Current Time: 03:12:10

    • Economy

    RBI dispels rumours of fake Rs 10 coins in circulation

    New Delhi: Dispelling rumours of fake 10 rupees coin in circulation, RBI has asked people not to give credence to such canards and continue to accept these coins as legal tender in all their transactions without any hesitation. In a statement RBI said, it has advised members of the public not to give credence to […]

    Economy

    Demonetisation not to agonise anyone but to clean economy: PM Modi

      New Delhi: Prime Minister Narendra Modi has said that the ban on high value currency notes is not to agonise anyone but to clean our economy. Speaking on demonetisation after launching the Pradhanmantri Grameen Awas Yojna, an ambitious housing scheme meant for the rural poor in Agra yesterday, the Prime Minister said more than […]

    Economy

    No intention to demonetise Rs 100 and 50 notes: Govt

    New Delhi: Government has said, there is no intention to demonetise 100 and 50 rupee notes in a series of tweets, Press Information Bureau (PIB) described as a myth, rumour that the Prime Minister will again address the nation to declare 50 and 100 as invalid currency. It said, there is no intention of cancelling […]

    Economy

    March 2017 deadline for bank clean up still stands: RBI deputy governor

    New Delhi: RBI’s deputy governor N S Vishwanathan has reiterated that March 2017 still stands as the deadline for banks to clean up their balance sheets. Speaking to reporters on the sidelines of Infrastructure Finance summit in Mumbai, Mr. Vishwanathan said that increment in stressed assets is coming down. Meanwhile, addressing the Summit, Mr.Vishwanathan said […]

    Economy

    IMF supports PM Modi’s efforts to fight corruption

    New Delhi: International Monetary Fund , IMF has supported Prime Minister Narendra Modi’s efforts to fight corruption by demonetizing 500 and 1000 rupees notes but cautioned that the move has to be managed prudently. IMF spokesman Gerry Rice told reporters in Washington that the global body supports Modi government’s measures to fight corruption and illicit […]

    Economy

    Donations to temples, FDs in co-op banks under govt scanner

    New Delhi: The demonetization of 1000 rupees and 500 rupees notes has seen sudden spurt in donations to around 100 temples and trusts and in cash reserves of around 1000 cooperative banks and credit societies in Maharashtra. All these transactions have come under government scanner. The officials have apprised the state government about the surge […]

    Economy

    Scrapping of Rs 500 & 1,000 denominations to help in cleaning up process of political funding: FM

    New Delhi: Finance Minister Arun Jaitley today said government’s decision to demonetise the 500 and 1000 rupee notes is good for country’s economy which will rid the nation of black money and corruption. In an exclusive interview with Doordarshan News, Mr. Jaitley said black money is not a fundamental right of the people, and those […]

    Economy

    FM calls upon banking sector to support corporate to propel growth

    New Delhi : Finance Minister Arun Jaitley has said that private sector needs to invest in a big way for the economy to perform as best as possible. Observing that domestic investment continues to be a challenge, Mr Jaitley called upon the banking sector to support corporates to propel growth. Addressing a seminar on debt […]

    Economy

    Country’s Forex Reserves rises by USD 1 billion to USD 367.14 billion

    New Delhi: Country’s Forex Reserves rose by USD 1 billion to USD 367.14 billion for the week ended October 21 on the back of increase in the core currency assets. The Reserve Bank said that Foreign Currency Assets -FCAs, a major component of the overall reserves, increased by USD 1.015 billion to USD 341.923 billion. […]

    Economy

    Startups can raise USD 3 million via ECBs annually :RBI

    New Delhi: The Reserve Bank yesterday permitted startups to raise external commercial borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation. The RBI said while issuing norms for ECB route for startups that the borrowing should be denominated in any freely convertible […]

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