News at a Glance
Demonetized rupee notes get used for producing plywood
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.
Posted On :30/Nov/2016 5:07:52 PM
Aadhar card is not a mandate for availing government subsidy or benefits
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 .
Posted On :30/Nov/2016 4:58:52 PM
Cash crisis to largely bother salary drawers
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,
Posted On :30/Nov/2016 4:19:54 PM
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.
Posted On :30/Nov/2016 2:40:22 PM
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.
Posted On :30/Nov/2016 12:06:06 PM
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.
Posted On :30/Nov/2016 10:53:18 AM
RBI restricts withdrawal from Jan Dhan accounts
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.
Posted On :30/Nov/2016 10:43:13 AM
No more extensions of dates (after 30th Dec) to exchange invalid currency notes
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.
Posted On :29/Nov/2016 6:28:21 PM
Withdraw cash up to Rs 2000 at Big Bazaar
One of the major subsidiaries of the Future Group, Big Bazaar, has set up a facility to withdraw cash up to Rs. 2000/- using an ATM card.
Posted On :29/Nov/2016 6:20:42 PM
Centre to waive off tax for point of sales equipment
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.
Posted On :29/Nov/2016 5:14:24 PM
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