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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 »

People queue outside the Reserve Bank of India

Last day to submit demonitized notesPeople queue outside the Reserve Bank of India building to exchange their old Rs 500 and Rs 1, 000 notes in New Delhi . The 50-day window to deposit the [...]

December 30th, 2016 | Posted in Photo Gallery | 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 »

Viral Acharya, ‘Poor man’s Rajan’, new RBI Deputy Governor

viral-acharyaNew Delhi : Government today appointed Viral V Acharya, a New York University economics professor who once called himself ‘poor man’s Raghuram Rajan’, as new Deputy Governor at the Reserve [...]

December 28th, 2016 | Posted in Highlights,Nation | 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 »

Cannot disclose details on release of new Rs 500 notes: RBI

Reserve Bank of IndiaChennai : The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency to the banks [...]

November 18th, 2016 | Posted in Highlights | Read More »

SC for Centre’s reply on food security for drought-hit states

Supreme court     New Delhi : The Supreme Court today asked the Centre to file its reply on a plea seeking all states to ensure food security for drought-affected rural population [...]

March 15th, 2016 | Posted in Highlights,Nation,Topnews | Read More »

RBI sets rupee reference rate at 67.2290 against US dollar

RupeeMumbai : The Reserve Bank of India today fixed the reference rate of the rupee at 67.2290 against the US dollar and 74.6444 for the euro. These rates were 67.0230 [...]

March 15th, 2016 | Posted in Business,Highlights | Read More »

India best among EMs; health of PSBs, corporates a worry: IMF

Raghuram Rajan talks on  'Global Financial Stability' in MumbaiMumbai : India needs to address the stress emanating from leveraged corporate balance sheets and asset quality woes of state-run banks to sustain the recovery process, even as the country [...]

March 10th, 2016 | Posted in Business,Highlights | Read More »

RBI sets rupee reference rate at 67.3380 against US dollar

RupeeMumbai : The Reserve Bank of India today fixed the reference rate of the rupee at 67.33 against the US dollar and 74.19 for the euro. These rates were 67.27 [...]

March 8th, 2016 | Posted in Business,Highlights | Read More »