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Bill in LS to make holding of scrapped notes punishable

Cash       New Delhi : Government today introduced in Lok Sabha a bill that provides for holding, transfer and receiving of old Rs 500 and Rs 1000 currency notes a [...]

February 3rd, 2017 | Posted in Highlights,Nation,Topnews | Read More »

Sensex hovers at 4-month high on Budget rally

BSEMumbai : The Budget rally entered the second day today after the Sensex closed at nearly a 4-month high of 28,227, underpinned by healthcare and IT stocks amid mixed global [...]

February 2nd, 2017 | Posted in Business,Highlights | Read More »

Sensex slips 51 pts after a power-packed show

BSEMumbai : After yesterday’s strong momentum, powered by the Budget proposals, the benchmark BSE Sensex fell about 51 points in initial trading today due to a rush to take profit [...]

February 2nd, 2017 | Posted in Business,Highlights,Topnews | Read More »

RBI asks banks to supply 40% of notes to rural areas

rupee     Mumbai : To mitigate hardships of poor and marginal farmers due to cash deficit following demonetisation, the Reserve Bank today directed banks to distribute at least 40 per [...]

January 3rd, 2017 | Posted in Highlights,Mumbai,Topnews | Read More »

RBI seeks details of Rs 500/1,000 deposits from banks today

RBINew Delhi : RBI has asked banks to report details of deposits of old Rs 500/1,000 notes to it after the close of banking hours today, which is the last [...]

December 30th, 2016 | Posted in Highlights,Nation,Topnews | Read More »

RBI refuses to give reasons behind demonetisation

Reserve Bank of India         New Delhi : Why were Rs 1000 and Rs 500 notes demonetised by the government? Fifty days after the government announced that these notes would cease to [...]

December 29th, 2016 | Posted in Uncategorized | Read More »

RBI’s container carrying scrapped notes fined for overloading

RBI     Mumbai : A container truck hired by Reserve Bank of India (RBI) to carry demonetised currency notes from Bhilai in Chhattisgarh to Nagpur, was stopped at Deori border [...]

December 23rd, 2016 | Posted in Highlights,Mumbai | Read More »

RBI slaps fine on 5 foreign banks for violating FEMA rules

Reserve Bank of India      Mumbai : The Reserve Bank today imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of [...]

December 21st, 2016 | Posted in Business,Highlights | Read More »

RBI changing rules like PM changes his clothes: Rahul Gandhi

Rahul Gandhi at a press conferenceNew Delhi : In yet another swipe at Prime Minister over demonetisation after RBI announced restrictions on depositing scrapped Rs 500 and Rs 1,000 notes, Rahul Gandhi today said the [...]

December 20th, 2016 | Posted in Highlights,Nation,Topnews | Read More »

Rs 1.58 cr sent to Solapur coop bank for teachers’ salary

New Rs 2000 notes     Mumbai : The Reserve Bank today informed the Bombay High Court that it has transferred a sum of Rs 1.58 crore to Solapur District Cooperative Bank for disbursal [...]

December 14th, 2016 | Posted in Highlights,Mumbai,Topnews | Read More »