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Demonetisation

Rs 2000 notes to be banned or not? All doubts cleared! Check latest news, answer directly from Modi government

Rs 2000 notes to be banned or not? All doubts cleared! Check latest news, answer directly from Modi government

Sat, Dec 14, 2019

Are you also worried about the unconfirmed reports/rumours spreading in the market that Modi government may soon take big step to ban Rs 2000 notes?

Zero tolerance! After demonetisation and surgical strike, Modi govt is gearing up for this huge action - Must know for Indians

Zero tolerance! After demonetisation and surgical strike, Modi govt is gearing up for this huge action - Must know for Indians

Sat, Nov 16, 2019

Big action coming soon!

Good news for homebuyers! Finally, branded real estate developers beat non-branded entities

Good news for homebuyers! Finally, branded real estate developers beat non-branded entities

Tue, Jul 30, 2019

In H1 2019 near 1,39,480 units in the top 7 cities i.e. over 53% were launched by branded developers, and 47% by non-branded entities.

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RBI may go for 25 basis points rate cut on February 8, in April: BofA-ML

RBI may go for 25 basis points rate cut on February 8, in April: BofA-ML

Wed, Jan 18, 2017

The Reserve Bank of India (RBI) is expected to go in for a 25 basis points (bps) rate cut at its next monetary policy meet on February 8 -- as also in April -- says a Bank of America Merrill Lynch (BofA-ML) report.

India's cash crunch seen biting into economic growth- Reuters poll

India's cash crunch seen biting into economic growth- Reuters poll

Wed, Jan 18, 2017

Inflation hit a two-year low in December, with consumer prices rising 3.41%, well below the RBI`s near-term target of 5% by March 2017.

RBI Guv Urjit Patel to appear before parliamentary panel today

RBI Guv Urjit Patel to appear before parliamentary panel today

Wed, Jan 18, 2017

On December 30, the PAC had sent 10 questions to Patel where the parliamentary panel has asked the RBI Governor why he should not be prosecuted.

Wealth creation must for wealth distribution to happen: Mukesh Ambani

Wealth creation must for wealth distribution to happen: Mukesh Ambani

Wed, Jan 18, 2017

Ambani said one needs to see in terms of how humanity progresses and how the society progresses.

India, others should continue medium-term plans to reduce public debt, deficit: IMF

India, others should continue medium-term plans to reduce public debt, deficit: IMF

Tue, Jan 17, 2017

Countries with higher public debt levels like India should continue to implement their medium-term plans to reduce debt and deficits, an IMF official has said.

EPFO pensioners can give digital life certificate till February 28

EPFO pensioners can give digital life certificate till February 28

Tue, Jan 17, 2017

Retirement fund body EPFO has extended the deadline for submitting digital life certificate by its over 50 lakh pensioners till February 28 to help them get their pension account linked with Aadhaar.

Note ban to benefit jewellery sector in long run: Industry

Note ban to benefit jewellery sector in long run: Industry

Tue, Jan 17, 2017

The jewellery industry, which suffered and saw about 80% drop in demand following the demonetisation, is slowly recovering, although it may take over a year for things to become normal, market experts said.

Reserve Bank of India may consider a rate cut in first half of 2017: DBS

Reserve Bank of India may consider a rate cut in first half of 2017: DBS

Tue, Jan 17, 2017

The Reserve Bank of India (RBI) is expected to go for a rate cut in the first half of this year, largely owing to 'below estimate' inflation, says a DBS report. Rising prices of petrol and diesel fuelled Wholesale Price Index (WPI) inflation to 3.39% in December 2016.

Note ban can do little to stop future black money flow: Assocham

Note ban can do little to stop future black money flow: Assocham

Tue, Jan 17, 2017

The study pointed out that high denomination currency withdrawal is not without some inherent problems.

MobiKwik registers 10 times growth in oil, gas sector

MobiKwik registers 10 times growth in oil, gas sector

Tue, Jan 17, 2017

Domestic mobile wallet major MobiKwik on Tuesday announced that it registered 10 times growth within the past week in transactions from the oil and gas sector.

Mini ATMs, e-payments boost Future Retail's sales post demonetisation

Mini ATMs, e-payments boost Future Retail's sales post demonetisation

Tue, Jan 17, 2017

The sales volume of fashion and lifestyle retailer Future Retail registered a boost of 20% after demonetisation, a report by The Times of India said, quoting CEO Kishore Biyani.

Cashless transactions in IOC petrol pumps rise to 27% in Bengal

Cashless transactions in IOC petrol pumps rise to 27% in Bengal

Tue, Jan 17, 2017

Already, 19.5 lakh LPG connections has been release so far.

Indian CEOs most confident on short-term revenue growth: Survey

Indian CEOs most confident on short-term revenue growth: Survey

Tue, Jan 17, 2017

Around 29% believe that global economic growth would pick up in 2017.

Over 50% people switched to online grocery shopping after demonetisation: Survey

Over 50% people switched to online grocery shopping after demonetisation: Survey

Mon, Jan 16, 2017

A major reason for people to order grocery products online was the cash free transactions.

SBI Card says note-ban pushes up spends by 30%

SBI Card says note-ban pushes up spends by 30%

Mon, Jan 16, 2017

The second largest credit card player SBI Card on Monday said post-noteban, the total spends on its cards have increased by 25-30%, despite fall in certain segments like fuel, jewellery and other discretionary spending.

IMF cuts India's GDP forecast for FY17 to 6.6%

IMF cuts India's GDP forecast for FY17 to 6.6%

Mon, Jan 16, 2017

The International Monetary Fund (IMF) cut India's growth forecast for the current financial year (FY17) by 1% and cut it by 0.4% for the next fiscal year. The reason for this is primarily due to the demonetisation move taken by the government in November 2016.

Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17

Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17

Mon, Jan 16, 2017

Credit growth of United Bank of India (UBI) at the end of financial year 2016-17 (FY17) will be as low as 7-8% due to demonetisation impact, its MD and CEO P Bajaj said.

India's current account deficit likely to be 1.3% of GDP in 2017: Nomura

India's current account deficit likely to be 1.3% of GDP in 2017: Nomura

Mon, Jan 16, 2017

India's current account deficit (CAD) is expected to be around 1.3% of GDP in 2017 as against a deficit of 0.8% in 2016, says a report.

Indian consumers most optimistic in Asia Pacific: Mastercard

Indian consumers most optimistic in Asia Pacific: Mastercard

Mon, Jan 16, 2017

Notwithstanding demonetisation, Indian consumers are the most optimistic in the Asia Pacific region and their outlook on economy and stock market showed highest levels of confidence, says a report.

RBI may hike weekly cash withdrawal limit to Rs 40,000: Source

RBI may hike weekly cash withdrawal limit to Rs 40,000: Source

Mon, Jan 16, 2017

The hike in the cash withdrawal limit also comes ahead of the presentation of the annual budget on February 1.

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