By Vishav, New Delhi, (IANS) : With cash shortage expected to continue for at least four- five months, there will be "total turmoil" in the Indian economy, especially in rural areas, says Bank Employees Federation of India (BEFI) General Secretary Pradip Biswas. In a...
BI Mumbai, (IANS) : The Reserve Bank of India (RBI) on Friday said the facility to exchange old Rs 500 and Rs 1,000 notes will continue to be available at its counters, but not at those of commercial banks. "The Reserve Bank of India advises members of public that...
Chennai, (IANS) : Bridging the Rs 3 lakh crore gap of the actual currency in circulation and the required amount through digital banking requires a massive investment in infrastructure, says a report by the State Bank of India (SBI). According to the report prepared...
Thiruvananthapuram, (IANS) : Kerala Finance Minister Thomas Issac on Thursday said investments will suffer following demonetisation of high-value currency but conceded that the move will lead to lower prices and interests on loan in the long term. Addressing media...
New Delhi, (IANS) : Post demonetisation, a whopping Rs 21,000 crore has been deposited in Jan Dhan bank accounts. The money has come in after November 8 when Prime Minister Narendra Modi declared 500 and 1,000 rupee notes would no more be legal tender. The maximum...
New Delhi, (IANS) : The government on Wednesday sanctioned Rs 21,000 crore from the National Bank for Agriculture and Rural Development (Nabard) to district cooperatives, which will be used towards crop loans for farmers with some cash component for payment of wages...
Bhubaneswar, (IANS) : Odisha Chief Minister Naveen Patnaik on Wednesday said 11.61 lakh farmers across the state will get Rs 1,776 crore in crop insurance for Kharif season of 2015. The state government has started the process for disbursal of crop insurance amounts...
Mumbai, (IANS) : Some 37 per cent of the Rs 14,50,000 crore worth of now-demonetised Rs 500 and Rs 1,000 currency notes that were in circulation have been exchanged or deposited with banks till November 18, the Reserve Bank of India (RBI) said on Monday. "Consequent...
New Delhi, (IANS) : The government on Thursday announced a set of seven decisions pertaining to demonetisation, mainly aimed at smooth sowing season ahead, including permission to farmers to withdraw up to Rs 25,000 per week and registered agri-traders Rs 50,00 per...
New Delhi, (IANS) : Indelible ink will henceforth be used, as is done during elections, to prevent people from making cash withdrawals more than the permissible limit from bank counters, the government announced on Tuesday. Economic Affairs Secretary Shaktikanta Das...