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Economy News

FinTech

Singapore is seeking London's FinTech talents after Brexit

The city-state aims to become a leading FinTech hub and is developing talent and building a dedicated research centre to that end. Nov 17, 2016
Kim Kardashian and Mallika Sherawat

Evening wrap: Kejriwal and Mamata on demonetisation, Mallika Sherawat attacked, Jio SIM home delivery and more

Read about Twitter suspending account of White supremacists, and Isis losing key supply line in Iraq. Nov 17, 2016
arun jaitley shaktikanta das economic affairs secretary finance ministry india demonetisation cashless economy uri attack modi surgical strike black money

Arun Jaitley contradicts finmin bureaucrat Shaktikanta Das, says Rs 1,000 note not on cards

Last Thursday, senior bureaucrat Shaktikanta Das had said new Rs 1,000 note with enhanced security features will be brought soon. Nov 17, 2016
Mumbai girl says how she was cheated by an auto driver by giving Children Bank of India's Rs. 100 note.

Is the govt planning to demonetise Rs 50 and Rs 100 notes too?

Jaitley also said that around 22,500 ATMs were being recalibrated on Thursday to be able to dispense new currency notes. Nov 17, 2016
Fortis

Medical tourism in India to grow at 20-25% over next 5 years: Nomura

Rising internationally accredited healthcare facilities and lower costs are boosting medical tourism in India, Nomura said in a report. Nov 17, 2016
Iran Oil

Iran overtakes Saudi Arabia as top oil supplier to India

India's oil imports from Iran have shot up this year after those sanctions were lifted in January. Nov 17, 2016
demonetisation demonetization currency rbi rs 500 rs 1000 note currency pm modi arun jaitley trends rs 2000

Income tax authorities to impose 200% penalty on any "abnormal" rise in income

The government will review any high-value cash deposits and match them with the income tax return filed by the person and scrutinize in case of any mismatch. Nov 17, 2016
pay commission 7th cpc allowances hike committee arun jaitley demonetisation opposition parties march parliament winter session protests slam decision modi govt cash black money finance secretary ministry

Demonetisation: Kejriwal, Mamata address rally in Delhi, demand rollback within 3 days

"If you have courage, send us to jail or shoot us. But we will continue fighting," Mamata Banerjee said. Nov 17, 2016
pay commission 7th cpc allowances hike committee arun jaitley demonetisation opposition parties march parliament winter session protests slam decision modi govt cash black money finance secretary ministry

7th Pay Commission: Decision on allowances postponed due to demonetisation

A decision on raising allowances as proposed by the 7th Central Pay Commission is reportedly on hold due to the demonetisation crisis. Nov 17, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

SBI, ICICI Bank, HDFC Bank cut deposit rates, thanks to demonetisation

HDFC Bank, ICICI Bank slash interest rates on deposits as cash surge after demonetisation swells their CASA ratio. Nov 17, 2016
chidambaram

This is demonisation of cash, not demonetisation: Chidambaram

No big economy has taken up demonetisation in last 50 years, the former finance minister said in a media interview. Nov 17, 2016
Indian rupee bank

Demonetisation: #IAmWithModi goes viral on social media; are you with PM Modi?

Do you support the PM's fight against black money? Would you spend a couple of hours at the bank for economic equality? Nov 17, 2016
DEA secretary

Demonetisation: Families can now withdraw up to Rs 2.5 lakh for weddings; Rs 2,000 limit on old notes' exchange

Farmers can withdraw upto Rs 25,000 per week against the crop loans sanctioned and credited to their accounts. Nov 17, 2016
debit cards icici bank security data breach banks read npci sbi india cyber fraud

Currency ban: 12,500 ATMs being recalibrated every day to deliver new Rs 2,000 and Rs 500 notes

Arun Jaitley has said that all necessary steps are being taken to ensure that the old notes are replaced swiftly. Nov 17, 2016
Ricky Martin

Morning brief: Opposition on demonetisation, Zuckerberg's Twitter account hacked, Ricky Martin gets engaged and more

Also read about the ATP World Tour Finals and chikungunya and Zika virus. Nov 17, 2016
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