News at a Glance
New rates announced by Axis Bank
Effective Friday, Axis Bank has cut marginal cost of fund-based lending rate, or MCLR, by 0.15-0.20 per cent.In its regulatory filing, Axis Bank said, Axis Bank reviews and reduces the MCLR by 15 basis points.
Posted On :17/Nov/2016 4:04:19 PM
Gold rate decreased Rs.96 per sovereign
The cost of gold has decreased Rs.96 per sovereign on Thursday evening (Nov 17, 2016).A sovereign was worth Rs.22920.00 and a gram was Rs.2865.00.The cost of 1 gram of pure gold (24K) is now Rs.3021.00.
Posted On :17/Nov/2016 3:33:26 PM
How to get wedding withdrawal of up to Rs. 2.5 Lakhs from bank account?
The Economic Affairs Secretary Shaktikanta Das announced today (Thursday, 17th November) that the families organizing weddings can withdraw of up to Rs. 2.5 Lakhs from their savings bank accounts.
Posted On :17/Nov/2016 3:04:03 PM
SBI cuts interest rates
State Bank of India, SBI, has announced that it will cut interest rates by 15 basis points , bps, on term deposits between one and three years.Officials said, There could be more rate cut on deposits and loans.
Posted On :17/Nov/2016 2:40:50 PM
Economic Survey: cash shortage will continue for several months
As on 31st March 2016, the number of currency notes issued by the Reserve Bank of India Rs. 500/- currency notes is Rs.1571 Crores. This is 48 percent of the total currency in circulation.
Posted On :17/Nov/2016 2:36:44 PM
Why there is no sufficient rainfall during this monsoon?Meteorological Department explains
Southwest monsoon rains withdraw on 30th October and the northeast monsoon set in. Though the monsoon set in late, heavy rainfall was expected but there was only sporadic rainfall in some places.
Posted On :17/Nov/2016 1:03:53 PM
BBC World Service adds 11 languages, including 4 from India
The BBC World Service from London will soon begin broadcasting in 11 additional languages including 4 Indian languages.In a statement BBC has mentioned: Last year the British Government had allotted funds.
Posted On :17/Nov/2016 12:59:00 PM
People making multiple cash deposits in their bank accounts must quote PAN
According to the Reserve Bank of India circular issued on Wednesday, deposits made between November 9 and December 30 will require quoting of PAN if the combined sum deposited exceeds Rs.2.5 lakh.
Posted On :17/Nov/2016 12:52:27 PM
Security features in the Mahatma Gandhi 1996 series of banknotes
The series of Mahatma Gandhi 1996 banknotes have been laden with more security features than those issued before. Here are some of them.The Rs. 10, Rs. 20 and Rs. 50 notes have a fully embedded security thread.
Posted On :17/Nov/2016 11:58:37 AM
Reliance Jio to launch 4G mobile phones at Rs.1000
Reliance Jio will be soon introducing a new smartphone with unlimited video and voice calling at a price of Rs.1000.Reliance Jio owned by industrialist Mukesh Ambani introduced the 4G SIM during.
Posted On :17/Nov/2016 11:53:32 AM
JB Soft System