The price of Aviation turbine fuel is cut by 3.7 percent and that of LPG is increased by 2.07 per cylinder. This counts to the 7th such increase in LPG price in the past six months.
Prime Minister Narendra Modi while addressing the nation on November 8, had announced that currency notes of Rs 500 and Rs 1,000 would no longer be considered valid and that citizens should get them exchanged.
Petrol price was on Wednesday hiked by 13 paisa per litre and diesel price decreased by 12 paisa per litre. Revised rates will take effect from midnight.
The Rs 500 and Rs 1000 notes that were demonetized by the centre recently are currently being used for producing plywood. It was announced on 8th November that all Rs 500 and Rs 1000 notes.
The government has made a clear announcement that it will strictly follow the orders by Supreme Court which states that providing Aadhar card will not be a mandate for the public .
According to a recent report, it is said that during the first week of the month, nearly 50 to 70 percent of withdrawals take place from banks. As the maximum number of bills and dues get paid during the first week of every month,
High Operating Profit from BSNL
...........................................................................................................................
BSNL’s operating profit has made a giant leap from Rs. 672 crore in 2014-15 to Rs. 3855 crore in 2015-16. Revenue from operation was the highest in the last five years.
Give priority to rural ATMs - RBI
...........................................................................................................................
Indians are chaotic after the government withdrew Rs 1,000 and Rs 500 currency notes from circulation. Many of the ATMs are yet to be recalibrated. The ATM task force, which was set up to quicken the process.
Banks money on CRR mode
...........................................................................................................................
The Reserve Bank of India, RBI, has impounded Rs 3,20,000 crore from the banks through the cash reserve ratio, that is CRR where the banks don’t get any interest on this amount from the RBI, mode.
The Reserve Bank of India has imposed new restrictions for withdrawal from Jan Dhan accounts. Prime Minister Narendra Modi had demonetized Rs 500 and Rs 1000 currency notes on 8th November.
The central government has announced that there would be no more extensions for the exchange of the invalid currency notes of Rs. 500/- and Rs. 1000/- after 30th Dec.
The central government has announced that tax exemption for Point of Sale equipment will soon be imposed, as a move to encourage transactions using debit or credit cards.
Dip in gold sales continues on and on and goldsmiths are to bear with over 75 percent loss in income.The Prime Minister Narendra Modi announced demonetization of Rs 500 and Rs 1000 notes on 8th November.
Cash withdrawal limit to be relaxed
...........................................................................................................................
On Monday, the Reserve Bank of India, RBI, issued a notification that announced that the current cash withdrawal limit at banks and ATMs will be relaxed on or after Nov. 29. The notification.
Following the acute shortage faced by the public for immediately after the recent demonetization, and also with the limitation of the maximum withdrawal of Rs. 24000/- only permitted in a week,
Governor Urjit Patel said RBI is taking all necessary actions to ease the genuine pain of citizens who are honest and who have been hurt and hoped things will normalise soon.
Data released by the Telecom Regulatory Authority of India, or TRAI, has shown that the number of telephone subscribers in India declined from 1,058.85 million at the end of July 2016.
The central government has announced that people should not believe in rumours and the old 50 rupee notes and 100 rupee notes will be under circulation. After demonetization of Rs 500 and notes,
