Morgan Stanley, a global financial services firm and a market leader in securities has stated that online sales will increase by 540 percent in four years down the line. Out of the total Indian population.
Farmers can now use old Rs 500 notes
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The Finance Ministry said in a statement that the farmers can now use old Rs 500 notes at state-owned outlets towards the purchase of seeds.In the statement it read: The government on Monday allowed farmers.
The Reserve Bank of India has mentioned that Rs.10 coins are valid and not believe the rumours.It has been reported that some less-informed or uninformed persons who suspect the genuineness of such coins.
Since there is shortage of currencies throughout the country, the RBI on Monday provided additional 60 days for repayment of housing, car, farm and other loans.The demonetization of Rs 500 and Rs 1000 banknotes.
Ambit Capital has estimated that the economic growth for the financial year (2017-18) will be 5.8 percent mainly attributing to the problem of money circulation shortage leading to stagnation in economic growth.
SpiceJet, the budget airline has announced its annual sale offer at starting price Rs 737 per ticket for domestic travel. The offer begins today and will continue until 24th November 2016.
Former Reserve Bank Deputy Governor KC Chakrabarty has slammed the government’s demonetization exercise. He has mentioned that it won’t serve any purpose and there’s no benefit to the economy.
The Rs.500 and Rs.1000 denomination currency notes were withdrawn by the government with effect from November. The government announced that old notes can be deposited and exchanged in the banks.
47000 ATMs calibrated to issue new notes
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47,000, ATMs have been recalibrated since the exercise began last Wednesday, to enable them to start dispensing the new Rs.500 and Rs.2000 denomination bank notes.The task force for reactivation of ATMs.
Paytm has announced that banking transactions can be done with any bank without any service charges.
The central government declared on 8th November that the currency notes of Rs. 500 and Rs. 1000 as invalid.
Some people have savings accounts in 2 different banks. Is it ok to deposit Rs. 2.5 Lakhs in each bank?
The only announcements made so far pertain to the exchange of currency notes recently declared invalid,
Udaan scheme, fixing a maximum flight fare of Rs. 2500/- covering the flights under 1-hour duration was introduced last October.The central Minister for Aviation Transport, Ashok Gajapathy Raju, informed.
ICICI and HDFC banks lower FD rates
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Major banks in the country, including ICICI Bank and HDFC Bank, have lowered their FD rates by up to .25 per cent. The lowering in fixed deposit rates may herald reduction in lending rate as well in the next few days.
In an unexpected move, India’s Prime Minister Narendra Modi announced in a special address on 8th evening that Rs 500 and Rs 1,000 notes will be demonetized. New Rs 500 and Rs 2000 are being dispensed through banks.
The Central Government had announced that that toll would be suspended till November 24 midnight for all National Highways. Rs 500 and Rs 1000 currency notes were rendered defunct.
There have been rumours of fake Rs. 2000 notes in circulation. Here are a few identification marks that may help you distinguish between a genuine and fake note.
Jet Airways winter sale of tickets
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Jet Airways has announced all inclusive fares starting at Rs. 1099 on select domestic routes as part of their winter sale of tickets.In an official release, the company said, The fare sale till 19th November, 2016
Here is a new product from Mastercard. With this, customers will be able to make payments for autos, shopping, taxis, etc. In a note about this, Mastercard Ratnakar Bank release states that this is a fast, simple.
New currency notes of Rs. 500 in 3 days
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The arrival of the new currency notes of Rs. 500/- denomination to Tamil Nadu has been delayed. The General Manager (Headquarters) of Indian Bank in Chennai, Mr. Nagarajan, informed that the new currency.
All the currency management in our country is handled by the Reserve Bank of India. The other responsibilities it handles include regulation of credit system in the country, use of monetary policy for ensuring financial stability, and so on.
