An information is gathered that all the manufacturers of consumer durable items have decided to increase the prices of items like fridge and washing machine in the New Year.
Even after nearly two months of demonetizing the most widely used Rs 500 and Rs 1000 notes in India, the dust has still not settled. The inconvenience is prevalent among people, especially among poor and middle income group.
The sales of jewellery on the New year Day (1st Jan, 2017) was up by 25 percent as compared to the previous year (1st Jan, 2016). Further, money transaction done through bank debit/credit cards was up by 80 percent.
The last date to get old, demonetized Rs 500 and Rs 1000 notes deposited at banks got over on 30th December 2016. Following this, the government has announced that those who still have these demonetized notes.
The price of kerosene and aviation fuel have got increased. The oil companies in India fix petroleum product price twice in a month depending on variations in crude oil rate in the international market.
Loans to be cheaper as SBI slashes rate
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State Bank of India has reduced the interest rate by 0.9 percent for its loans. Prime Minister Narendra Modi on Saturday, appealed to banks to keep the poor, the lower middle-class, and the middle-class the focus of their activities.
One of the popular Public Sector Undertakings with a large customer base, BSNL, has decided to lease 15000 POS (Point Of Sales) devices in order to encourage payments on the electronic mode.
In a few hours, we will be ushering in the new year of 2017. 125 crore Indians will join the rest of the world, in welcoming it with new hope, new energy and new dreams.
A new low depressed zone has formed near Thailand region. Because of this, the Chennai Meteorological Centre has informed that there are prospects of an extended Northeast Monsoon rainy season.
Special vaccination camp for measles and Rupla will take place throughout the month of February in Tamil Nadu. All children aging between 10 months and 15 years, according to sources from the department of public health.
RBIs circular to all banks
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The Reserve Bank of India has insisted that the quantity of the notes of Rs. 500 and Rs. 1000 deposited as per the deadline of the last date, the evening of 30th December.
ESI (Employee’s State Insurance Corporation) has introduced a special scheme SPREE (Scheme for promoting Registration of Employees and Employers-SPREE) for the benefit of providing social security.
The President of India, Pranab Mukherjee has given his nod to the bill to pay salary to employees of factories and companies via bank.The new rule for paying salary for the year 2016 allows paying salary directly.
After the announcement on 8th November declaring that the currency notes of the denominations Rs. 500 and Rs. 1000, it was stated that these notes can be exchanged at all banks and Post Offices.
