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A bank employee stacks banned Rs 1,000 notes.

Black money after demonetisation: How RBI is using CCTV footage to monitor bank staff and customers

An ever-vigilant RBI is leaving no stone unturned to ensure that money launderers are caught. Dec 13, 2016
mercer survey 2017 salary increase jobs recruitment hiring india

Mercer survey estimates salary hike at 10% in demonetisation-hit 2017

The findings of Mercer's survey on salary increase and hiring need to be seen in the context of demonetisation-induced slowdown. Dec 13, 2016
malaysia stock exchange wealth fund investment nomura holdings hnis ringgit

Nomura launches new fund for super rich Malaysian investors

Nomura Global High Conviction Fund is available for individuals with gross annual income of more than MYR 300,000. Dec 13, 2016
pay commission up akhilesh yadav elections up assembly 2017

7th Pay Commission: Akhilesh Yadav announces bonanza for 22 lakh employees, pensioners

The announcement of 7th pay commission proposals for UP government staff comes months before Assembly elections. Dec 13, 2016
P Chidambaram

Why did Chidambaram do a major U-turn on demonetisation and call it a big scam, like Rahul Gandhi?

The change in his remarks can be attributed to a number of reasons, like toeing the party line and also vote-bank politics. Dec 13, 2016
demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

Bengaluru: CBI arrests RBI official for allegedly converting old Rs 1000 and Rs 500 notes with new Rs 2000 ones

More than a dozen banking officials have already been arrested for their involvement in the conversion of old currency notes. Dec 13, 2016
India GDP

ADB trims India's GDP growth forecast for 2016 to 7% on demonetisation

India's move to ban high value currencies will impact its growth figures due to short-term dip in consumption demand. Dec 13, 2016
India industry

Budget 2017: Personal computer, tablet sales could get a fillip

Amid falling sales of PCs and tablets, industry leaders seek incentives in Budget 2017 to boost business and digital economy. Dec 13, 2016
Reserve Bank of India

RBI asks banks to maintain record of old and new currency

The RBI said it was necessary to put in place an appropriate reporting system in order to keep a check on issuance of bank notes by the currency chests. Dec 13, 2016
Crude Oil prices

Brent crude oil prices firm as Abu Dhabi cuts exports

The firmer Brent prices came after oil markets shot to mid-2015 highs earlier this week after the OPEC deal. Dec 13, 2016
pay commission 7th cpc allowances hike allowances rbi governor urjit patel statement comment central govt employees staff

7th Pay Commission: Central government employees enthused after RBI chief Urjit Patel's comment

Millions of Central government employees are awaiting news about the increase in allowances as proposed by the 7th Pay Commission. Dec 12, 2016
Nasscom

IT industry seeks better tax norms, R&D incentives in upcoming budget

Indian IT industry has also sought the government's intervention to protect it from rising protectionist measures by developed countries. Dec 12, 2016
Venezuela oil

Venezuela bans 100 bolivars banknote to fight black money

The South American nation is going through recession and has witnessed price rise of essential commodities due to falling oil prices. Dec 12, 2016
crude oil price opec non opec output cut price globally brent crude petrol diesel modi govt demonetisation inflation

Crude oil prices, demonetisation likely to dampen Christmas celebrations for Indians

OPEC and non-OPEC members agree to limit crude oil output, lifting prices; petrol, diesel prices are poised to rise in India. Dec 12, 2016
digital payments, digital transaction

RBI not in favour of government's move to cut card payment charges

The RBI argued that any reduction in card transaction charges will make the business model unsustainable for banks. Dec 12, 2016
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