Community & General News

Year end review of economy for 2016

31 December 2016 at 11:52

During the current Financial Year 2016-17, the Indian Economy continues to consolidate the gains achieved in restoring macro-economic stability

Posted in Community & General | 2868 Views

President approves the Promulgation of the Specified Bank Notes

31 December 2016 at 11:52

The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 today; The President of India has approved the promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016

Posted in Community & General | 1 comments | 2454 Views

Cash withdrawal limit from ATM increased to Rs 4500 daily

31 December 2016 at 10:27

RBI/2016-17/204DCM (Plg) No. 2142/10.27.00/2016-17The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative BanksDistrict cen

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Statement by FM on Remonetisation

30 December 2016 at 10:40

Statement made by the Union Finance Minister Shri Arun Jaitley on Remonetisation and its impact. Following is the transcription of the Statement made by the Union Finance Minister Shri Arun Jaitley on ‘Remonetisation and its impact’ to me

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Report of the Watal Committee on Digital Payments

29 December 2016 at 11:32

Comments/suggestions invited from the members of public on the Report of the Committee on Digital Payments within 15 days of hosting the Report on the website After approval of the Cabinet, the Guidelines for the promotion of payments through cards

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Major policy initiatives of MCA in 2016

28 December 2016 at 11:45

Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016(Code);The Insolvency and Bankruptcy Board of India (IBBI) established;

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Rs 592,613 crore issued to public since demonetisation

23 December 2016 at 10:54

Consequent to the announcement of withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for supply of adequate quantity of banknotes in vari

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Reduction in charges for IMPS and UPI transaction by banks

22 December 2016 at 10:34

In order to further promote digital and card payments, Department of Financial Services, Ministry of Finance issues direction in public interest all Public Sector Banks(PSBs) not to charge fees for transactions settled on Immediate Payment Service (I

Posted in Community & General | 3 comments | 4968 Views

RBI withdraws Rs 5000 circular

21 December 2016 at 15:06

RBI/2016-17/189DCM (Plg) No. 1859/10.27.00/2016-17December 19, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative

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Savings bank interest rate may be impacted post demonetisation says FM

21 December 2016 at 10:48

FM: India remains a bright point in global economy and BRICS in particular despite the slowdown in global economy in 2016 The Union Finance Minister Shri Arun Jaitley said that the current Financial Year 2016-17 is not a conventional year as many maj

Posted in Community & General | 1 comments | 4032 Views