ATM withdrawal limit increased to Rs 2,500/day; Exchange limit Rs 4500
Uploading Date : 14-11-2016The government has announced measures to ensure the smooth withdrawal and deposit of cash at banks, including issue of new Rs 500 notes through ATMs. "Banks have been advised to increase the Business Correspondents’ limit to Rs 2,500 for withdrawal from bank accounts, exchange limit over the counter from the existing Rs 4,000 to Rs 4,500................
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Government to keep eye on Jan-Dhan accounts for large deposits
Uploading Date : 12-11-2016NEW DELHI: The government plans to look into cash deposits in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana if it finds large inflows in them, a development that comes in the wake of reports that accounts opened under the financial inclusion scheme may be used to launder money.
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What will Donald Trump presidency mean for global and US climate policy?
Uploading Date : 11-11-2016MARRAKECH, MOROCCO: As the shock of a Donald Trump’s victory wears off, the question that emerges what will a Trump presidency mean for global and US climate policy. Experts point to fundamental changes that are already in play, such as a growing clean energy industry, efforts by cities and business to transition to a low carbon path, that might be difficult to roll back.........
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More pain in store for real estate, jewellery sector stocks
Uploading Date : 11-11-2016Real estate and jewellery continued to reel under selling pressure on Friday, three days after the government demonetised Rs 500 and Rs 1,000 notes in a bid to curb black money circulation in the economy. While the Nifty Realty index tanked nearly 5% in morning deals, stocks of most gems and jewellery makers lost up to 6.5%..........
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200% penalty for income mismatch, banks open on Sunday: What you should know about demonetisation
Uploading Date : 10-11-2016The government is closely tracking all cash deposits into banks and has warned that deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 percent penalty in case of income mismatch......
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Tata Sons removes Cyrus Mistry as TCS Chairman, replaces him with Ishaat Hussain
Uploading Date : 10-11-2016MUMBAI: Tata Consultancy ServicesBSE 1.40 % told the Bombay Stock Exchange that it had received a notice from its parent Tata Sons nominating Ishaat Hussain as Chairman of the company, immediately replacing Cyrus Mistry.......
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Donald Trump becomes 45th President of the United States
Uploading Date : 09-11-2016Republican Donald Trump becomes the 45th President of the United States. It was a neck and neck fight between him and his Democrat rival Hillary Clinton. Trump has made it to the Oval office despite most polls and projections pointing to the contrary........
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Surgical strike on black money
Uploading Date : 09-11-2016Currency notes of Rs 500 and Rs 1,000 denomination that are currently in circulation will no longer be legal money and cannot be used as medium of exchange from Tuesday midnight, as Prime Minister Narendra Modi in a surprise move clamped down on black money as well as counterfeit notes in circulation. Instead, the Reserve Bank of India (RBI) will issue new Rs 500 and Rs 2,000......
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