RBI governor Raghuram Rajan while addressing the perspectives conference organised by AQR Asset Management Institute at the LBS campus on the subject of the central banker perspective asked central banks from across the world.
Reserve Bank of India had requested people to give the pre-2005 notes at banks and has also clarified that all such notes continue to remain legal tender.
Coconuts and copra prices to fall soon
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As the prices of coconuts and copra are at the verge of falling in one or two weeks, farmers in Tamil Nadu are told to get their harvest sold soon.
Measures to curb black money
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Union Finance Minister Arun Jaitley has announced that the government will soon make a PAN number mandatory for cash transactions above a certain limit.
Gold rate increased Rs.32 per sovereign
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The cost of gold has increased Rs.32 per sovereign on Thursday morning (June 25, 2015).
Gold rate decreased Rs.104 per sovereign
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The cost of gold has decreased Rs.104 per sovereign on Wednesday morning (June 24, 2015).
Here is a new move all banks are to make mandatorily. They ought to report to the income-tax department when a credit card holder spends more than Rs 2 lakh in a year.
Coffee production in India to surge
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As there is adequate rainfall which is boosting the crop prospects, India is set to reach a new peak of producing 3,55,600 tonnes of coffee and lead in production this year, say reports from the coffee board.
The proposed June 24 all-India bank strike aimed at pressing the State Bank of India management to “implement the government guidelines” on housing loans, compassionate appointments and trade union representation in the associate banks of the SBI has been put off by The All-India Bank Employees’ Association.
An order to make Universal Account Number (UAN) mandatory for all employers covered under the Employees Provident Funds and Miscellaneous Provisions Act, 1952 has been issued by The Employees Provident Fund Organization (EPFO).
Gold rate decreased Rs.136 per sovereign
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The cost of gold has decreased Rs.136 per sovereign on Tuesday morning (June 23, 2015).
