Economy

Government to bear MDR charges on digital transactions up to Rs 2,000

Indian News       Dec 15, 2017

New Delhi: Government to bear MDR charges on digital transactions up to Rs 2,000   The government will bear the MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promote digital transactions, IT Minister Ravi Shankar...

Govt Extends Deadline for Linking Aadhaar, PAN With Financial Services to March 31

Indian News       Dec 13, 2017

New Delhi: The central government has extended the December 31 deadline for mandatory quoting of Aadhaar and PAN numbers for certain financial transactions like opening of a bank account till March 31, 2018.   The new rule notified in the gazette modifies the Prevention of Money...

Arun Jaitley, Finance Minister

Finance ministry’s assurances on new FRDI Bill,won't take away your money in the bank 

Indian News       Dec 07, 2017

  New Delhi: The FRDI Bill(Financial Resolution and Deposit Insurance Bill, 2017), under consideration of a joint parliamentary committee, is depositor friendly and provides more protection to them compared to existing provisions, the finance ministry said today.    The statement comes in the wake of "certain misgivings"...

Ready to extend Aadhaar deadline to March 31, Centre tells SC

Indian News       Dec 07, 2017

New Delhi: The Centre on Thursday informed the Supreme Court that it was willing to extend till 31 March next year the deadline fixed for mandatory linking of Aadhaar for availing of various services and welfare schemes.   The Supreme Court will be setting up a...

RBI keeps repo rate on hold at 6%, inflation forecast increased

Indian News       Dec 06, 2017

Mumbai: The Reserve Bank of India kept its policy rate unchanged on Wednesday, as widely expected, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus.The RBI also kept the reverse repo rate unchanged at 5.75 percent.   All...

Fix responsibility for loss of life, assets during protests: SC

Indian News       Nov 28, 2017

New Delhi: Expressing concern over the loss of lives and damage to public property during agitations, the Supreme Court on Tuesday asked Centre to create courts in every state and union territory to fix accountability for vandalism and compensate the victims of such violent protests....

HDFC Standard Life gains 7% against issue price in listing

Indian News       Nov 17, 2017

Rs 8,695-crore initial public offering (IPO), which was sold in Rs 275-290 price band from November 7 to November 9, was subscribed 4.89 times Mumbai:   Shares of HDFC Standard Life Insurance Company on Friday made the best market debut among the recent listings of insurance...